• Wal-Mart trailer lease financing completed

    ATEL Leasing Corporation and its affiliate, Kalakane Capital LLC, announce the successful funding of a $55 million operating lease with Wal-Mart Transportation LLC and Wal-Mart Stores Inc.
    Nov. 17, 2008

    ATEL Leasing Corporation and its affiliate, Kalakane Capital LLC, announce the successful funding of a $55 million operating lease with Wal-Mart Transportation LLC and Wal-Mart Stores Inc. The leased equipment was comprised of more than 900 new refrigerated trailers used at regional Wal-Mart distribution centers. Wal-Mart Transportation is the logistics arm of Wal-Mart Stores.

    In other news, Wal-Mart Stores recorded a 10% gain in fiscal third-quarter 2008 profit, aided by inventory control and pricing. The Bentonville AR-based retailer indicated it is affected by the economic decline, however, as it cut its profit outlook for the full fiscal year.

    Wal-Mart earned a net income of $3.14 billion, or 80 cents per share, in the quarter ended October 31, up from $2.86 billion, or 70 cents per share, a year earlier. Net sales for the quarter totaled $97.6 billion, a 7.5 percent gain from the period a year ago. Profit from continuing operations totaled 77 cents a share, ahead of the firm’s own forecast of between 73 and 76 cents per share. Quarterly revenue increased 7% to $98.64 billion.

    The company has now forecast diluted earnings per share for the full year to be within $3.42 to $3.46.

    Voice your opinion!

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

    Sign up for our free eNewsletters

    Latest from Reefer Operations

    Sunswap
    English food retailer Tesco recently deployed five Sunswap Endurance electric transport refrigeration units.
    Sunswap’s zer0-emission transport refrigeration units with batteries and roof-mounted solar panels are expected to help Tesco meet its sustainability goals.
    Penske
    penske_logistics___2025_state_of_logistics_report_
    The Council of Supply Chain Management Professionals’ latest report indicates trucking businesses continue to face economic uncertainty.
    Orbcomm
    orbcommcrewviewbayviewinterface
    New onboard solution enables end-to-end visibility for smart refrigerated and dry van containers in real time while in transit.