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"We are pleased with our performance in our first reported quarter as a public company," commented Brian M. Sondey, President and CEO of TAL. "We continue to benefit from global trade growth and other favorable market conditions. In the third quarter of this year, the benefits of trade growth were partially offset by an oversupply of new containers, but we expect this imbalance to improve in the near-term. Additionally, utilization for the period was 90%, which is well within our targeted range. Our overall performance for the period was positively impacted by increased equipment trading revenues and ongoing gains on the sale of our used containers as we saw an increase in our third party equipment sales and favorable used container selling prices."
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