NEW YORK CITY — U-Haul representatives rang the New York Stock Exchange (NYSE) opening bell on Jan. 24, an event that celebrated the Company’s recent name change and move to the exchange.
Team Members from U-Haul headquarters in Phoenix, including Royal Shoen, daughter of U-Haul CEO Joe Shoen, joined U-Haul field members based in New York to ring the bell.
Field members included store general managers Sam Baca and Emeny Hernandez-Bernard, as well as traffic control manager Domenico Tripodi. Also in attendance were Jason Berg, Chief Financial Officer, and Sebastien Reyes, Vice President of Communications.
Name Change and New Exchange
The transition from Nasdaq to NYSE was accompanied by the U-Haul parent company’s name change from AMERCO to U-Haul Holding Company. The change should make the name and market listing more easily identifiable with U-Haul – the parent company’s chief subsidiary. The name change was announced in October 2022.
“The majority of our customers are already transacting with us under the U-Haul name,” Berg stated. “This change may help with the marketability of our stock. Some investors have indicated that the investing public is unfamiliar with AMERCO, and that U-Haul is more recognizable and representative of what we do. The Company is listening and adapting to this feedback.
“AMERCO became the name of the (parent) Company in 1969. The acronym stands for Advanced Management Engineering and Research Company. U-Haul Holding Company better reflects the purpose of the parent Company and conveys where the organization’s focus is at.”
The New York Stock Exchange is an American stock exchange in the Financial District of Lower Manhattan. It is the world’s largest stock exchange by market capitalization.
U-Haul® is offering recovery assistance to victims in the Omaha and Lincoln metro areas impacted by the powerful tornadoes that ripped through suburbs of both cities on Friday, causing widespread damage. Elkhorn, Bennington and Blair were among the many communities...
A determined group of U-Haul® Team Members and 30,000 likeminded neighbors raced 4.2 miles to honor the life of Pat Tillman and raise money for more than 850 Tillman Scholars. The 20th annual Pat’s Run took place April 13 in Tempe, where Tillman attended school and...
U-Haul® is offering recovery assistance to victims in the Omaha and Lincoln metro areas impacted by the powerful tornadoes that ripped through suburbs of both cities on Friday, causing widespread damage. Elkhorn, Bennington and Blair were among the many communities...
A determined group of U-Haul® Team Members and 30,000 likeminded neighbors raced 4.2 miles to honor the life of Pat Tillman and raise money for more than 850 Tillman Scholars. The 20th annual Pat’s Run took place April 13 in Tempe, where Tillman attended school and...
The Guardian Games have been a popular community event across the Valley since their inception in 2017. Sanderson Ford®, a longstanding U-Haul® partner, spearheads the friendly competition to fundraise for Special Olympics Arizona® and develop a closer relationship...
U-Haul® is offering 30 days of free self-storage to residents impacted by the tornadoes and flooding affecting much of southern Louisiana, including the New Orleans metro area. Severe weather has brought fierce winds and heavy rains to the region. A tornado caused...
U-Haul® is offering 30 days of free self-storage and U-Box® container usage to residents impacted by tornado damage in and around Conyers, Ga. Severe weather struck the Atlanta metro area late Tuesday night with Conyers being among the communities hit hardest. A...
U-Haul® volunteers recently helped St. Mary’s Food Bank put a fresh spin on its mission to provide food for people in need across Arizona. Thanks to St. Mary’s partnership with meal-kit company HelloFresh®, people facing food insecurity can now receive both an...
U-Haul® is offering 30 days of free self-storage and U-Box® container usage to residents impacted by the wildfires across the Texas panhandle. The Smokehouse Creek Fire started on Monday and has burned more than 1 million acres. It’s the largest in the state’s...
The Climb to Conquer Cancer of Phoenix is the American Cancer Society’s largest single-day climb event in the world. Every February in Arizona, thousands of cancer survivors, family members, caregivers and supporters participate in the Climb to Conquer Cancer. U-Haul...
February 14 is not just Valentine's Day. It is recognized as a National Salute to Veteran Patients day. During Valentine's Day week each year, U-Haul and the Tribute Journey say “thank you” to veterans of the U.S. Armed Services who are cared for in Department of...