Textainer leases 95% of its reefer containers

May 1, 2008
Textainer Group Holdings Limited, the world's largest lessor of intermodal containers based on fleet size, has reported that 770 units out of the 800

Textainer Group Holdings Limited, the world's largest lessor of intermodal containers based on fleet size, has reported that 770 units out of the 800 reefer containers initially purchased in January 2008 have been committed to leases with various shipping lines.

The company's first reefer container transaction has been completed with Mitsui O.S.K. Lines (MOL). MOL is the world's 11th-largest container vessel operator and has committed to lease 300 High Cube 40-foot reefers.

As a result of this early success, Textainer has ordered another 1,000 High Cube 40-ft. reefers for delivery in May and June 2008. The reefer machinery will be supplied by Carrier, Daiken, and Thermo King.

“We have now placed 95% of our original order and are very pleased at our customers' support of our re-entry into the reefer market,” said John A. Maccarone, Textainer's president and chief executive officer. “Textainer expected a fairly modest capital expenditure of $30 million for reefers in 2008. Based on our initial success with the first units produced — and the recent new order — we may exceed that goal for the year.”

Sponsored Recommendations

Heavy-Duty Maintenance Checklist

A maintenance checklist can help ensure you hit everything necessary during an inspection. Check out our free downloadable checklist to help streamline your repairs.

Five Ways a Little Data Can Save Your Company Millions

While most trucking and logistics companies rely on cellular to keep their work fleet connected, satellite has the ability to connect anywhere and through small data transmission...

Fleet Case Study: 15% YOY Growth for ITDS

Learn how this small trucking company scaled significantly and maintained outstanding customer service without adding additional people. Sylectus TMS can automate operations and...

Unlocking Fleet Safety & Efficiency: The Managed Service Advantage

Want to boost your fleet's safety and efficiency? Tune in now to discover the power of Managed Services in optimizing your safety program, streamlining operations, and making ...

Voice your opinion!

To join the conversation, and become an exclusive member of FleetOwner, create an account today!