U-Haul Holding Company (NYSE: UHAL, UHAL.B) generates a steady flow of news through its U-Haul moving and storage operations, insurance subsidiaries and real estate activities. As parent to U-Haul International, Oxford Life Insurance Company, Repwest Insurance Company and Amerco Real Estate Company, it issues updates that touch on transportation, self-storage, insurance and capital markets topics.
News about U-Haul often highlights its role as the No. 1 choice of do-it-yourself movers, its large fleet of trucks, trailers and towing devices, and its extensive network of more than 24,000 rental locations across all 50 states and 10 Canadian provinces. Releases also describe the company’s position as the third largest self-storage operator in North America, with over a million rentable storage units and tens of millions of square feet of storage space at owned and managed facilities.
Investors and observers can expect coverage of quarterly financial results, dividend declarations on the Series N Non-Voting Common Stock (UHAL.B), participation in investor forums, and operating metrics for the moving and storage segment. The company also issues frequent announcements about its U-Haul Growth Index, ranking states, metros and cities by net gains of one-way customers, which it presents as a gauge of migration trends.
Another recurring news theme is U-Haul’s disaster relief efforts, where it offers 30 days of free self-storage and U-Box container usage to communities affected by floods and other natural events. Updates on new repair shops, facility openings or changes, and community programs also appear. This news page brings these developments together so readers can follow how U-Haul Holding Company and its UHAL.B share class are evolving across moving, storage, insurance and real estate activities.
U-Haul has acquired an 8.48-acre property in Tyler, Texas, to expand its operations by adding a U-Box portable storage container warehouse. The acquisition of the 89,860-square-foot site, formerly a Walmart anchor, was completed on May 11, 2022. This expansion aims to meet increasing demand for U-Haul's moving and storage products, particularly from local students. The facility will enhance service capacity and create new job opportunities in the region. The initiative aligns with U-Haul's Corporate Sustainability goals, promoting infill developments and reducing carbon footprints.
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U-Haul Moving & Storage of Castleton in Indianapolis has acquired a 3.12-acre property to expand operations by building a new U-Box® portable storage container warehouse measuring over 80,000 square feet. This expansion addresses the growing demand for U-Box containers in the area, as noted by company president Mike Eastwood. U-Haul has been active in the region since 1987 and plans to hire locally, promoting job growth. The company emphasizes flexibility in storage solutions and continues to support small businesses through its dealer partnerships.
AMERCO (Nasdaq: UHAL), parent company of U-Haul, will announce its fourth quarter fiscal 2022 financial results on May 25, 2022, after market close. An investor conference call is set for May 26, 2022, at 8 a.m. Arizona Time, accessible via a webcast. Founded in 1945, U-Haul operates over 23,000 locations in North America and boasts a fleet of approximately 176,000 trucks and 855,000 storage units. U-Haul is recognized as a leading employer and a significant player in the shared-use sector.
U-Haul will create over 750 indoor climate-controlled self-storage rooms at a former Kmart site in Morton, Illinois. This adaptive reuse project, driven by sustainability initiatives, aims to meet rising customer demand while utilizing existing structures to mitigate environmental impact. The facility will feature individually alarmed units with high-tech security, extended access hours, and a covered unloading area. U-Haul plans to be operational by the end of 2022, fostering job growth by hiring at least 15 local employees. This marks the first U-Haul facility in Morton.
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U-Haul has expanded its Collegeboxes program to assist students at over 350 schools nationwide, just in time for move-out day. To celebrate, they are offering a 10% discount on summer storage services through the use of code MOVEOUT until June 30. The redesigned website enhances user experience with improved navigation and valuable tips for students and parents. Collegeboxes provides full-service moving options, including pickup, storage, and shipping, ensuring a stress-free experience for students during busy transition periods.
U-Haul is providing assistance to families affected by the Tunnel Fire in Coconino County by offering 30 days of free U-Box storage at its Flagstaff store. The fire has rapidly spread, affecting hundreds of households and growing to 16,625 acres with no containment. U-Haul's initiative aims to support those displaced by the disaster, allowing them to store their belongings at no cost. The offer remains available until the store's U-Box inventory is filled, with U-Haul emphasizing its commitment as an official American Red Cross Disaster Responder.
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U-Haul has acquired two former Maine Storage Plus facilities as of February 28, 2022, to enhance moving and storage services in Hancock County. These locations will provide a total of 532 self-storage rooms, featuring climate control and advanced security. U-Haul aims to offer affordable storage solutions to local residents. Additionally, the company plans to hire locally and has a strong focus on employing veterans. This expansion signifies U-Haul's commitment to meet growing customer demands while supporting the Ellsworth community.