{"id":406305,"date":"2020-12-29T15:26:16","date_gmt":"2020-12-29T20:26:16","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=406305"},"modified":"2020-12-29T15:26:16","modified_gmt":"2020-12-29T20:26:16","slug":"cai-international-inc-announces-the-completion-of-the-sale-of-its-railcar-fleet-to-infinity-transportation","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/cai-international-inc-announces-the-completion-of-the-sale-of-its-railcar-fleet-to-infinity-transportation\/","title":{"rendered":"CAI International, Inc. Announces the Completion of the Sale of its Railcar Fleet to Infinity Transportation"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>CAI International, Inc. Announces the Completion of the Sale of its Railcar Fleet to Infinity Transportation<\/b><\/p>\n<p>SAN FRANCISCO&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nCAI International, Inc. (\u201cCAI\u201d or the \u201cCompany\u201d) (NYSE: CAI), is pleased to announce the closing of its previously reported agreement to sell all of its remaining railcar fleet to Infinity Transportation for $228.1 million.\n<\/p>\n<p>\nTimothy Page, Interim President and Chief Executive Officer of CAI, commented, \u201cThe closing of the sale of our remaining railcar fleet completes the commitment we made to divest our non-core assets and will allow us to maximize shareholder returns by focusing all of our resources on our core container leasing business.\u201d\n<\/p>\n<p><b>About CAI International, Inc.<\/b><\/p>\n<p>\nCAI is one of the world\u2019s leading transportation finance companies. As of September 30, 2020, CAI operated a worldwide fleet of approximately 1.7 million CEUs of containers. CAI operates through 14 offices located in 12 countries including the United States.\n<\/p>\n<p><b>About Infinity Transportation<\/b><\/p>\n<p>\nInfinity Transportation, a subsidiary of Global Atlantic Financial Group, provides net and full-service leases as well as other structured financing solutions that address the logistical and financial needs of its clients in the rail, aviation, and intermodal industries. Infinity Transportation manages a large, diverse portfolio of transportation assets and is led by a veteran management team with a broad range of technical expertise, asset-level knowledge and transaction experience across transportation operations, maintenance and finance.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20201229005418r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20201229005418\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20201229005418\/en\/<\/a><\/span><\/p>\n<p>\nDavid Morris, Vice President Finance, Corporate Controller<br \/>\n<br \/>(415) 788-0100<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:dmorris@capps.com\">dmorris@capps.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> California United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Other Transport Rail Maritime Logistics\/Supply Chain Management Transport<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20201229005418\/en\/267175\/3\/CAI_logo.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>CAI International, Inc. Announces the Completion of the Sale of its Railcar Fleet to Infinity Transportation SAN FRANCISCO&#8211;(BUSINESS WIRE)&#8211; CAI International, Inc. (\u201cCAI\u201d or the \u201cCompany\u201d) (NYSE: CAI), is pleased to announce the closing of its previously reported agreement to sell all of its remaining railcar fleet to Infinity Transportation for $228.1 million. Timothy Page, Interim President and Chief Executive Officer of CAI, commented, \u201cThe closing of the sale of our remaining railcar fleet completes the commitment we made to divest our non-core assets and will allow us to maximize shareholder returns by focusing all of our resources on our core container leasing business.\u201d About CAI International, Inc. CAI is one of the world\u2019s leading transportation finance companies. As of &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/cai-international-inc-announces-the-completion-of-the-sale-of-its-railcar-fleet-to-infinity-transportation\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;CAI International, Inc. Announces the Completion of the Sale of its Railcar Fleet to Infinity Transportation&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-406305","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>CAI International, Inc. Announces the Completion of the Sale of its Railcar Fleet to Infinity Transportation - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/cai-international-inc-announces-the-completion-of-the-sale-of-its-railcar-fleet-to-infinity-transportation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CAI International, Inc. Announces the Completion of the Sale of its Railcar Fleet to Infinity Transportation - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"CAI International, Inc. Announces the Completion of the Sale of its Railcar Fleet to Infinity Transportation SAN FRANCISCO&#8211;(BUSINESS WIRE)&#8211; CAI International, Inc. (\u201cCAI\u201d or the \u201cCompany\u201d) (NYSE: CAI), is pleased to announce the closing of its previously reported agreement to sell all of its remaining railcar fleet to Infinity Transportation for $228.1 million. Timothy Page, Interim President and Chief Executive Officer of CAI, commented, \u201cThe closing of the sale of our remaining railcar fleet completes the commitment we made to divest our non-core assets and will allow us to maximize shareholder returns by focusing all of our resources on our core container leasing business.\u201d About CAI International, Inc. CAI is one of the world\u2019s leading transportation finance companies. As of &hellip; Continue reading &quot;CAI International, Inc. 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