Textainer moves for Seaco
NewsIt has emerged that Textainer is in talks to acquire Seaco Global, a deal that would almost certainly raise issues about the level of market concentration in the container leasing industry.
Demand for storage space in the US is at an all time high and is providing a ready market for second-hand container equipment. But some challenges are looming.
The New York Times reported in March this year that in the US alone, there are more than two billion square feet of storage space, earning an estimated US$22B in revenue in 2006.
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This complete item is approximately 2000 words in length, and appeared in the May 2007 issue of WorldCargo News, on page 76. To access this issue download the PDF here.
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