StockNews.AI
UHAL
StockNews.AI
190 days

New U-Haul Center is Next to University of Illinois Urbana-Champaign

1. U-Haul opened a new location at 306 E. University Ave. 2. The site features 1,125 indoor storage units with advanced security. 3. Located near the University of Illinois, it targets students' needs. 4. The facility includes truck sharing services and green community programs. 5. U-Haul plans to hire 15 local employees to foster community growth.

5m saved
Insight
Article

FAQ

Why Bullish?

The new location enhances UHAL's market presence, especially among students. Similar expansions historically boost stock performance.

How important is it?

The expansion near a major university like Illinois likely drives revenue. Its success can significantly impact UHAL's financial outlook.

Why Short Term?

Immediate sales growth is expected from high demand in the student market. Previous openings have led to quick revenue increases.

Related Companies

UHALU-Box
CHAMPAIGN, Ill.--(BUSINESS WIRE)--U-Haul® has announced the opening of its newest retail, moving, and self-storage center located at 306 E. University Ave. in Champaign. U-Haul Moving & Storage at University Avenue began serving customers on Jan. 16. The store sits right next to the University of Illinois Urbana-Champaign campus and will cater to the needs of Illini students and university personnel in addition to the residents of Champaign County. Store hours are 7 a.m.-7 p.m. Monday-Thursday and Saturday; 7 a.m.-8 p.m. Friday; and 9 a.m.-5 p.m. Sunday. Reserve self-storage and moving equipment on the U-Haul app or call the University Avenue team at (217) 351-7040. The center’s five-story, 84,360-square-foot main building holds 1,125 indoor storage units with high-tech security features at affordable price points. There are 740 climate-controlled rooms and 385 indoor heated rooms for rent. In addition to self-storage, customers have access to truck and trailer sharing services; professional hitch instillation and towing accessories; a large retail showroom with boxes and moving supplies; drive-in load/unload bays to offer storage customers protection from the weather; green community programs like Take A Box Leave A Box; and much more. The property also includes a U-Box® warehouse with the capacity to store 700 of the Company’s award-winning portable moving containers. “This is a prime location right next to the university campus, which will enable us to reach more students in need of our trusted moving and storage services,” said Kevin Barringer, U-Haul Company of Southern Illinois president. “We thank the city and could not be more excited to open our newest store. We encourage other businesses to follow suit and invest in Champaign.” Barringer plans to hire up to 15 Team Members to staff U-Haul at University Avenue. U-Haul will look to hire locally to promote job growth within the Champaign community. U-Haul, founded by a WWII Navy veteran and honored as a Best for Vets employer by The Military Times, actively recruits veterans and gives them hiring preference. Find U-Haul careers at uhauljobs.com. About U-HAUL Founded in 1945, U-Haul is the No. 1 choice of do-it-yourself movers with more than 23,000 rental locations across all 50 states and 10 Canadian provinces. The U-Haul app makes it easy for customers to use U-Haul Truck Share 24/7 to access trucks anytime through the self-dispatch and -return options on their smartphones with our patented Live Verify technology. Our customers' patronage has enabled the U-Haul fleet to grow to 193,100 trucks, 138,700 trailers and 40,200 towing devices. U-Haul is the third largest self-storage operator in North America with 1,037,000 rentable units and 89.6 million square feet of self-storage space at Company-owned and -managed facilities. U-Haul is the top retailer of propane in the U.S. and the largest installer of permanent trailer hitches in the automotive aftermarket industry. Get the U-Haul app from the App Store or Google Play.

Related News