DAILY NEWS Dec 20, 2013 8:31 AM - 0 comments

Textainer announces major milestone in surpassing 3 million TEU fleet

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HAMILTON, Bermuda--Textainer Group Holdings Limited announced that their fleet surpassed 3 million TEU representing a major milestone for the company as well as the industry, the company said in a release.

“We are very proud to be the first leasing company to reach 3 million TEU,” commented Philip K. Brewer, President and Chief Executive Officer of Textainer. “To appreciate the magnitude of this feat and put that quantity in perspective, if laid end-to-end, our containers would stretch from Los Angeles to Tokyo and back.”

“Operating efficiently and achieving economies of scale are critical to success in our business. We are where we are today because we take full advantage of our size and reach. This enables us to offer our customers the equipment they need, where they need it and on competitive terms,” continued Mr. Brewer.

“Reaching a fleet size of 3 million TEU confirms the confidence that our customers have placed in us since our founding almost 35 years ago. We are grateful for their ongoing support and also want to thank our business partners, container manufacturers and depots,” added Robert D. Pedersen, President and Chief Executive Officer of Textainer Equipment Management. “We celebrate this significant achievement with our loyal customer base and dedicated employees.”

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