* Sees acquisition costs of $19.2 mln
* To take delivery of containers starting May
April 13 Hub Group (HUBG.O) said it would buy
2,000 intermodal containers from a subsidiary of Singamas
Container Holdings (0716.HK), in a sign that the freight market
is picking up.
The transportation company expects acquisition costs of the
53-foot containers to be about $19.2 million, it said in a
It expects to take delivery of the equipment starting in
Singamas is a container manufacturer and a major operator of
container depots and terminals in the Asian-Pacific region.
Hub Group owns a total of 6,225 53-foot containers for use
on the Union Pacific (UNP.N) and Norfolk Southern (NSC.N) rail
networks, according to its latest annual report.
It also uses containers owned by these railroads, and
trailers to arrange movement of freight.
(Reporting by A.Ananthalakshmi in Bangalore; Editing by
Unnikrishnan Nair) ((firstname.lastname@example.org;
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