Independent journal on economy and transport policy
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In increase the economic results of CAI International in the second half of 2014
Garci'a: the activity will grow ulteriorly in 2015
February 11, 2015
The chartering society CAI International container, graces to an improvement of the results recorded in the second half of the year, has concluded the exercise 2014 with economic performances only light inferior to those of the exercise precedence having had totaled a profit clearly of 60,3 million dollars, with a bending of the -5,7% regarding 63,9 million dollars in 2013. The revenues are increased of +7.1% attesting itself to 227,6 million dollars against an increment of +19.9% of the operating costs that are gone up to 124,4 million dollars. The operating profit is piled to 103,2 million dollars (- 5.1%).
In the solo fourth trimester of the 2014 American company has recorded a profit clearly of 16,2 million dollars on revenues for 58,8 million dollars, in increase respective of +3.7% and +7.8% on the correspondent period of the year precedence. The operating profit has been pairs to 27,2 million dollars (+1.7%).
CAI International considers that the market in which work the society offers perspectives of ulterior increase also in the course of 2015. "We preview - the managing director Victor Garcia has explained - than the question of equipments will remain elevated until the festive period of the new lunar year of the third week of February. Moreover we believe that the improvement of the economy of the United States, the monetary impulse in Europe and Asia, with the arrest warrant of the logistics caused from the negotiations on the work in progress in the ports of West Coast the USA, will be revealed positive for the total question of container and the employment of our fleet in the course of the year. Moreover we consider that I cant it between supply and demand of container will remain contained rather and that the escorts near the industries will continue to being limited. All this very makes us to hope that the activity will grow in 2015".
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