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 is providing 30 days of free self-storage and U-Box container usage to residents affected by a five-alarm fire in Lawrence, Massachusetts, on April 16, 2022. The fire displaced 16 families and impacted multiple buildings on Crosby Street. U-Haul aims to support the community by offering secure storage while families begin rebuilding. Additionally, U-Haul is supplying moving materials and encouraging the public to participate in their Take a Box, Leave a Box program for reusable boxes. For more information, affected residents can contact U-Haul directly.
AMERCO (Nasdaq: UHAL) declared a special cash dividend of $0.50 per share on April 6, 2022. This dividend is payable on April 29, 2022, to shareholders on record as of April 18, 2022. AMERCO is the parent company of U-Haul and several insurance companies, operating a vast network of moving and storage solutions since 1945. The company's offerings include approximately 176,000 trucks, 126,000 trailers, and 855,000 storage units across 23,000 locations in North America.
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U-Box, portable moving and storage containers, have been recognized as the best in the industry, receiving a 4.8 out of 5 stars from Forbes Home in its "Best Moving Containers Of 2022" ranking. Factors for this top position include high customer satisfaction, flexibility, and no cancellation fees. U-Box containers offer 257 cubic feet of storage and one-ton capacity, with availability in all states and global shipping options. U-Haul continues to support communities during COVID-19, ensuring safe delivery and enhanced cleaning protocols.
U-Haul acquired the former Bonanza Mini Storage facility in Las Vegas to enhance moving and storage services for local residents. The new U-Haul Storage at Bonanza, operational since December 13, features 155 rental units on nearly one acre, located just 2.5 miles from downtown. This eco-friendly expansion allows U-Haul to meet rising demand without new construction. Customers can access extended hours, reflecting U-Haul's commitment to quality service. The company emphasizes support for local dealers and essential services during COVID-19 recovery.
U-Haul Moving & Storage at Princeton & Candelaria closed its doors permanently on February 18, 2022, after 11 years of operation. This retail space, spanning 700 square feet, initially served DIY movers since 2011. U-Haul maintains ownership of the site, with a nearby location at U-Haul of Westside offering a full range of products and services. Despite the closure, U-Haul continues to support communities, providing essential services during the COVID-19 recovery. Four employees were impacted by the closure.
U-Haul has officially closed its fulfillment center at 1650 N. Topping Ave., with operations ceasing in late 2021. This facility, operational since 2008, distributed products across the U.S. and Canada, employing about 200 team members who have now been let go. U-Haul is transitioning to a new fulfillment center at 1800 Reynolds Ave. to support increased shipping demands, packing and shipping over 500,000 parts weekly. Reasons for the closure include strategic growth plans and operational efficiency.
U-Haul has officially commenced operations at its new fulfillment and distribution center located at 1800 Reynolds Ave., Kansas City, expanding its operational footprint. The 410,000-square-foot facility enhances U-Haul's distribution capabilities for truck parts and moving supplies across North America. This significant investment reflects U-Haul's commitment to sustainability through adaptive reuse of existing structures. The center aims to employ at least 220 individuals, underscoring U-Haul's support for local job creation.
AMERCO (Nasdaq: UHAL) reported robust financial results for its third quarter ending December 31, 2021, with net earnings of $281.5 million ($14.35 per share), up from $183.0 million ($9.33 per share) year-over-year. For the nine-month period, earnings reached $1,036.5 million ($52.86 per share), compared to $537.1 million ($27.39 per share) last year. Key revenue drivers included a 21% increase in self-moving equipment rental revenues and a 30% rise in self-storage revenues. Despite challenges in vehicle acquisition, productivity improvements were emphasized.
U-Haul announced plans to transform the former Maiers Transport & Warehousing facility at 700 54th Ave into a comprehensive retail, moving, and self-storage center in St. Cloud, Minnesota. The adaptive reuse project will feature approximately 650 climate-controlled storage units equipped with advanced security features and will promote local job creation by hiring at least 10 team members. U-Haul acquired the property on Dec. 28, 2021, as part of its commitment to sustainability and community support. The facility aims to meet the growing storage needs of the west side of St. Cloud.