Demand for equipment in two and out of the United States also appears to be strengthening with throughput volume at the U.S. West coast port in March growing 7.4% compared to the same month in the prior year. Additional shipping capacity is being added to the Asia to U.S. trade resulting in more of our containers being utilized for that service.As I mentioned, we believe demand for containers will be strong in 2012. Our view is that the current high utilization of worldwide lease fleet the limited capital budgets for purchase by shipping rights and limited new container production in the second half of 2011 along with an expected containerize trade growth of 7% forecast by Clarkson Research will result in a strong demand for containers and an increase in utilization particularly in the second half of 2012.
CAI International's CEO Discusses Q1 2012 Results - Earnings Call Transcript
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts