Triton International Limited is the world's largest lessor of intermodal containers. The company owns and manages a fleet of more than seven million twenty foot equivalent units of containers and chassis. It provides leasing services for dry containers refrigerated containers special containers tank containers and chassis to customers worldwide. Triton operates through a network of local offices and third party depots in over forty countries. The firm also engages in the…
Triton International Limited is the world's largest lessor of intermodal containers. The company owns and manages a fleet of more than seven million twenty foot equivalent units of containers and chassis. It provides leasing services for dry containers refrigerated containers special containers tank containers and chassis to customers worldwide. Triton operates through a network of local offices and third party depots in over forty countries. The firm also engages in the purchase and resale of containers through its equipment trading business. Its headquarters are located in Purchase New York and it is majority owned by an affiliate of Brookfield Infrastructure.
Triton International Limited generates the majority of its revenue from leasing its container and chassis fleet to customers. Lease income includes payments from operating leases finance leases and service leases structured with per diem rates. The company also earns management fees for containers owned by third parties under management agreements. Revenue is supplemented by gains or losses realized on the sale of used containers and chassis from its lease fleet. Additionally the equipment trading segment contributes income from the purchase and resale of containers and chassis acquired from manufacturers shipping lines and other sellers.
The company operates through the following segments: Equipment leasing and Equipment trading.
• Equipment leasing involves owning leasing and ultimately disposing of containers and chassis from the lease fleet. The segment also manages containers owned by other parties under management agreements. Activities include acquiring new and used equipment negotiating lease terms monitoring utilization and coordinating re leasing after initial lease expiration. The segment handles logistics depot management and the sale of used equipment to generate additional cash flows.
• Equipment trading consists of purchasing containers and chassis from shipping line customers manufacturers and other sellers of used or new equipment. The segment then resells these assets to container retailers users for storage or one way shipment. Trading margins depend on volume sold purchase costs selling prices and associated administrative expenses. The segment also supports the overall fleet by providing a source of low cost equipment for specific customer needs.
Triton International Limited holds a leading position in the global intermodal container leasing industry with an owned and managed fleet exceeding seven million twenty foot equivalent units. The company competes with at least five other major intermodal equipment leasing firms as well as numerous smaller lessors manufacturers and finance lease providers. Competitive advantages include a broad global depot network covering more than forty countries long standing relationships with the world's largest shipping lines and a reputation for supply reliability and high level customer service. Triton emphasizes operational flexibility and customized lease structures to meet the varying needs of its customers. The firm also invests in information technology systems to track equipment manage billing and support financial reporting.
Triton International Limited serves primarily the world's largest container shipping lines as its core customer base. The company also leases containers and chassis to freight forwarding companies manufacturers and other end users requiring equipment for storage or transportation. Its twenty largest customers account for a substantial portion of lease billings reflecting the concentration of demand among a few major carriers. The company maintains long term relationships with many of these clients often spanning several decades.
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Sector: Industrials Industry: Rental & Leasing Services CIK: 0001660734