CAI International, Inc (CAP) Shows Gains in Fourth Quarter Revenue
CAI International, Inc. (CAP), headquartered in San Francisco, California, is an intermodal freight container leasing and management company. Intermodal freight containers are large, standardized steel boxes, which the company leases primarily to international steamship companies. They are used to transport cargo by a number of means, including ship, truck and rail. A portion of the container fleet is owned by CAI, with the balance being owned by third parties, which the company manages on their behalf. In February, CAI announced it had completed an agreement to increase the commitment amount on its existing senior secured credit facility with a consortium…