Touax posts 4.4% increase in turnover
France’s leading transport equipment lessor logged sales of €363M in 2016
Touax is active in all marine transportation sectors. The company's shipping container leasing business logged a 4.5% decrease in revenue, to €163M (45% of overall).
Rail wagon leasing/rental activity increased by 13% to around €50M, while sales in the river/canal barges segment fell by 16% to €14M. However, the latter sector is viewed with optimism, due to underlying demand increases, mainly on the Seine.
Touax is forecasting better returns in 2017, due to higher container leasing rates, forecast increases in world trade (3%) and the "weakness" of the container manufacturing sector in China.
You just read one of our articles for free
To continue reading, subscribe to WorldCargo News
By subscribing you will have:
- Access to all regular and exclusive content
- Discount on selected events
- Full access to the entire digital archive
- 10x per year Digital Magazine