During the quarter, we leased to customers 13,000 TEUs of new equipment and completed the sale leaseback of 26,000 TEUs of containers with one of our customers. We think that some shipping lines will continue to look to sell and leaseback some units over the course of 2012 and we’re very interested in those types of transactions where we believe we have purchased the assets at attractive prices.Our results also continue to benefit from the secondary sales market, which has remained strong throughout the year. This quarter, we generated $3.2 million in income from the disposition of containers. Container prices have come down modestly in certain locations, but remained strong worldwide by historical standards.
CAI International's CEO Discusses Q4 2011 Results - Earnings Call Transcript
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