Comment / On the wires: Triton the Titan – no end in sight to box leasing bonanza

Photo 20665360 © Fernando Gregory | Dreamstime.com

With every passing day that the severe congestion continues to grip container supply chains, box leasing companies are making hay while the sun shines and the recent $2.9bn offer from Mitsubishi to buy US firm CAI International is looking like an increasingly safe bet.

If any evidence were needed, check out Triton’s latest quarterly results, out earlier this week.

It was another record-breaking three-month period: revenues rose 15% year-on-year to $369.8m while adjusted net income soared – up from $60m in the ...