Profile: Triton International Ltd (TRTN.N)
Triton International Limited is a lessor of intermodal containers and chassis. The Company operates through two business segments: Equipment leasing and Equipment trading. The Company leases intermodal transportation equipment, primarily maritime containers, and provides maritime container management services through a worldwide network of service subsidiaries, third-party depots and other facilities. The Company also sells its own containers and containers purchased from third-parties and operates and manages containers pursuant to agreements with third-party container owners. Intermodal containers are standardized steel boxes used to transport freight by ship, rail or truck. The Company operated its business through 28 subsidiary offices located in 14 different countries, as of December 31, 2016.
Equipment Leasing Segment
The Company's equipment leasing operations include the acquisition, leasing, re-leasing and ultimate sale of multiple types of intermodal transportation equipment, primarily intermodal containers. As of December 31, 2016, the Company offered leasing services through approximately 460 third-party container depot facilities in 46 countries. As of December 31, 2016, the Company leased five types of equipment: dry freight containers, which are used for general cargo such as manufactured component parts, consumer staples, electronics and apparel; refrigerated containers, which are used for perishable items such as fresh and frozen foods; special containers, which are used for heavy and oversized cargo, such as marble slabs, building products and machinery; tank containers, which are used to transport bulk liquid products, such as chemicals, and chassis, which are used for the transportation of containers. The Company generally leases its equipment on a per diem basis to its customers under three types of leases: long-term leases, finance leases and service leases.
Equipment Trading Segment
The Company purchases containers from shipping line customers and other sellers of containers. The Company resells these containers to container retailers and users of containers for storage and one-way shipments.
Triton International Ltd
Canon's Court, 22 Victoria Stree
HAMILTON HM 12