The portion of our fleet subject to determine finance leases increased from 78% to 80% over the last year. At the same time, we increased the own portion of our fleet from 57% to 60%. We expect both trends to continue not only providing increased stability and visibility to our earnings, but also improving bottom-line performance.Since 2010, we’ve been surprised that the limited quantity of containers being sold by the shipping lines due in large part to the prevailing high level of utilization over that time. During the last three months, we have seen a significant increase in shipping line disposals via trading deals or sale lease back. These transactions are doubly attractive to Textainer. It provides the opportunity for training purposes and new lease outs, either now or in the future.
Textainer Group Holdings' CEO Discusses Q2 2012 Results - Earnings Call Transcript
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