Industry Analysis & Industry Trends
Over the past five years, the Intermodal Container Leasing industry rapidly expanded as the world recovered from the global economic downturn. Because containers are commoditized and used to transport goods around the globe, increasing demand in regions such as China can drive up lease rates in the United States. Therefore, as initially strong emerging market growth caused the total value of world trade to surpass prerecession levels, world demand for containers climbed, further increasing lease rates. Over the next five years, continued growth in emerging economies and the United Sates will result in higher trade and overall freight volumes, thereby increasing demand for containers and industry services.... purchase to read more
Industry Report - Starting a New Business Chapter
The Intermodal Container Leasing industry has high barriers of entry for new participants. Companies trying to enter the industry must have access to capital because they must purchase thousands of containers. Without a substantial number of containers, they are not able to compete with many of the established firms in this industry that manage hundreds of thousands of containers around the globe, thereby allowing them to meet the needs of the globalized shipping industry.
Companies also must be able to build strong relationships with shipping lines, rail transportation companies and freight trucking companies. Currently, long-term leasing contracts make up roughly 65.8% of all leasing contracts, and these contracts typically last an average of five years... purchase to read more