Does recession spell the end of the box repair business?
Container depots are enjoying a welcome upswing in storage revenues as thousands of boxes are taken out of service. But customer pressure to reduce rates, as well as repair holds, restrictions on credit and a softening second-hand sales market, present challenges to depot operators and are causing a shift in business strategy. The depot industry is likely to look a lot different when it emerges from the current recession and global financial crisis.
Two years ago several container leasing companies began raising the alarm about land shortages, speculating that the amount of space available for container storage would be insufficient to cope with the inventories that would result if the leasing market softened....
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This complete item is approximately 2000 words in length, and appeared in the March 2009 issue of WorldCargo News, on page 33.
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