The container leasing business is back on track, growing again at over a 10% CAGR after 2009, which witnessed the first decline in demand in 25 years. After a difficult 2008 to 2009, mirroring the financial crisis, when orders for new boxes were non-existent and manufacturers closed down, the container lessors are back on a spending spree. New containers are needed to meet growing demand, for fleet replacement and to meet the shortfall arising from a reduced spend by the container lines.
This is only an excerpt of Market Timing – Sale of Primary and Secondary Shares by TAL and Insiders
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Tags: · BofA Merrill Lynch, Inc., J.P. Morgan, TAL International Group, Wells Fargo
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