Independent journal on economy and transport policy
07:30 GMT+2
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Container renter Triton's revenue fell -5.1% in the second quarter
Net income at 70.6 million dollars (-18.0%)
July 27, 2020
"The Covid-19 pandemic and the consequent extensive economic activity - commented the CEO of Triton, Brian M. Sondey -- have determined a significant reduction in global trade. Our customers believe that in the second quarter of 2020, transport volumes decreased by at least 15% compared to the second quarter of last year, and in the first half of the year taken delivery of our containers and the new agreements, however, the number of return and in the quarter the rate of utilization of our fleet decreased by only 0.5% to reach 94.8% to 30 June 2020.'
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