Textainer Group Holdings Limited (NYSE:TGH) (“Textainer”), the industry leader in container leasing, today announced the award of the US Department of Defense Container Management Streamlining (“CMS”) Master Lease Contract.
Textainer successfully completed 10 years of the previous CMS contract award, during which Textainer received eight annual "Exceptional" performance evaluations in addition to two National Defense Transportation Quality Awards (NDTA). Textainer Equipment Management (U.S.) Ltd. of San Francisco, Calif., a subsidiary of Textainer, has been awarded a new contract for the program management, leasing, transportation and repair of intermodal equipment. This contract award covers a base year starting on December 24, 2013, with the potential for one year renewals that may extend the contract until 2018.
“Textainer is honored to have the opportunity to continue working with the US Department of Defense to support the worldwide logistics needs of the US Armed Services,” commented Robert D. Pedersen, President and CEO of Textainer Equipment Management Limited. “We are proud of our performance under the prior CMS contract and look forward to continuing our relationship with the US Department of Defense with the new contract award.”
Work will be performed at multiple locations both within and outside of the United States. Program management and transition of operations are funded by fiscal 2014 transportation working capital funds and individual leasing task orders will be funded by each individual Department of Defense service branch or supporting agency at the time the order is placed. The U.S. Transportation Command Directorate of Acquisition, Scott Air Force Base, Ill., is the contracting party.About Textainer Group Holdings Limited Textainer Group Holdings Limited has operated since 1979 and is the world's largest lessor of intermodal containers based on fleet size. Textainer has more than 2.0 million containers, representing more than 3.0 million TEU, in its owned and managed fleet. Textainer leases dry freight, dry freight specialized, and refrigerated containers. Textainer is one of the largest purchasers of new containers as well as one of the largest sellers of used containers. Textainer leases containers to approximately 400 shipping lines and other lessees and sells containers to more than 1,100 customers worldwide and provides services worldwide via a network of regional and area offices, as well as independent depots. More information is available on the Company’s website at http://investor.textainer.com.