U-Haul Plans For New Facility To Accompany Its Longtime Center In Hammond; The 2.7-Acre Property Was Acquired On May 26
Portfolio Pulse from Benzinga Newsdesk
U-Haul has acquired a 2.7-acre property on May 26 to build a new U-Box Moving & Storage facility in Hammond, scheduled for completion by summer 2026. The new facility will be located just one-third of a mile from the existing store.
June 06, 2024 | 8:48 pm
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U-Haul has acquired a 2.7-acre property to build a new U-Box Moving & Storage facility in Hammond, scheduled for completion by summer 2026. This expansion indicates growth and increased service capacity.
The acquisition and planned construction of a new facility indicate U-Haul's growth and expansion strategy. This is likely to positively impact the stock price in the short term as it shows the company's commitment to increasing its service capacity and market presence.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100