Commitments and Contingencies

3 Months Ended

Mar. 31, 2018

Commitments And Contingencies Disclosure [Abstract]

Commitments and Contingencies

NOTE 7.     Commitments and Contingencies

In November 2016, we committed to acquire 4,000 53’ containers.  As of March 31, 2018 we received 2,947 containers, which were financed with debt, and we expect to receive the remaining 1,053 units from April to July of 2018.  We expect to finance these units with debt.  

Since January 1, 2018 we have committed to acquire 787 tractors for $98.5 million.  As of April 2018 we received 54 tractors, which are being financed with debt, and we expect to receive the remaining 733 tractors from April to December of 2018.  We expect to finance these tractors with debt.

Since January 1, 2018 we have committed to acquire 535 trailers for $16.9 million.  As of April 2018 we received 10 trailers, which will be financed with debt, and we expect to receive the remaining 525 trailers from April to December of 2018.  We expect to finance these trailers with debt.