CAI International, Inc. operates as a container leasing and management company. Segment The company operates its business through two segments, Equipment Leasing and Container Management. The Equipment Leasing segment specializes primarily in the ownership and leasing of intermodal containers. The Container Management segment manages containers for container investors. Business The company purchases new and used equipment, which the company leases primarily to container shipping lines, freight forwarders and other transportation companies and either retains as part of its owned fleet or sells to container investors for whom the company then provide management services. In operating its fleet, the company leases, re-leases, and disposes of equipment and contracts for the repair, repositioning, and storage of equipment. As of December 31, 2012, its container fleet comprised 1,063,550 twenty-foot equivalent units or TEUs. The company also owns a fleet of 1,456 railcars, which the company leases in North America. The company leases its containers to lessees under long-term leases, short-term leases and finance leases. The company manages containers for container investors under management agreements that cover portfolios of containers. The company commenced its railcar leasing business in January 2012. Its railcars are used by lessees on railroads in North America. Seasonality The company experiences seasonal increased demand for containers in the several months up to the holiday season in the United States and Europe, and higher demand for purchasing containers by container investors toward the end of the calendar year. Regulation The company is subject to regulations promulgated in various countries, including the United States, seeking to protect the integrity of international commerce and prevent the use of containers for international terrorism or other illicit activities. The Container Security Initiative, the Customs-Trade Partnership Against Terrorism and Operation Safe Commerce are among the programs administered by the U.S. Department of Homeland Security that are designed to enhance security for cargo moving throughout the international transportation system by identifying existing vulnerabilities in the supply chain and developing improved methods for ensuring the security of containerized cargo entering and leaving the United States. The International Convention for Safe Containers, 1972, as amended, adopted by the International Maritime Organization, applies to new and existing containers and seeks to maintain a level of safety of human life in the transport and handling of containers by providing uniform international safety regulations. History CAI International, Inc. was founded in 1989.
cai international inc (CAP:New York)
1 Market Plaza
San Francisco, CA 94105
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