All three NYSE-listed container lessors - Textainer, TAL International and CAI - saw a marginal increase in utilisation in the third quarter of this year as the peak season kicked in. Though a return to last year’s levels still has some way to go, there are some encouraging signs.
Reporting Textainer’s Q3 2009 results, president and CEO John Maccarone noted that the company’s fleet utilisation stood at an all-time high of 97.5% at the end of September 2008, but slipped to 85.7% by the end of the second quarter of this year as customers reduced their container fleets to match lower cargo volumes....
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This complete item is approximately 1200 words in length, and appeared in the December 2009 issue of WorldCargo News, on page 29.
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