HAMILTON, Bermuda, May 01, 2008 (BUSINESS WIRE) -- Textainer Group Holdings Limited (NYSE:TGH) (“Textainer” or the “Company”), the world’s largest lessor of intermodal containers based on fleet size, received the prestigious National Defense Transportation Association (NDTA) Quality Award on April 30, 2008 at the Military Surface Deployment and Distribution Command (SDDC) Symposium in Orlando, Florida.
The award was presented to John A. Maccarone, President and CEO of Textainer by General Kenneth Wykle (Ret), NTDA President, and Major General Kathleen M. Gainey, SDDC Commanding General. The award citation follows:
“Textainer contributed significantly to supporting war fighter requirements and the SDDC’s performance through their execution of the Single Leasing Container contract.
During 2007, Textainer provided more than 39,000 leased containers on over 250 delivery orders totaling $20 million for the DoD in direct support of Operations Iraqi and Enduring Freedom. Their multifaceted support proved to be the key to the successful deployment / redeployment and sustainment of U.S. and Coalition Forces in the entire Central Command Area of Operation. Textainer’s better than 95% on-time delivery performance exceeded expectations and was the corner stone in the successful unit deployment and redeployment of military cargo and the movement of sustainment containers supporting movement to the Forward Operating Bases. Their effort in support of Central Command operations has resulted in cost avoidance to the government in excess of $24 million.
Textainer’s equipment management team through close coordination with Pacific Command customers enabled them to attain a 100% on-time delivery rate for Exercise TURBO CADS 07. Textainer always expresses a “can do” attitude when it comes to their operations.”
“We are just completing the fifth year of our expected ten year contract as the exclusive supplier of leased containers to the U.S. Military,” said Mr. Maccarone.
“Having completed delivery orders for more than 100,000 containers and chassis to date, 2007 was by far the busiest year of the contract. Our team worked very hard to achieve the accomplishments mentioned in the award citation, and I am very pleased that they have been recognized for their efforts.”
About Textainer Group Holdings Limited
Textainer has operated since 1979 and is the world’s largest lessor of intermodal containers based on fleet size. We have a total of more than 1.3 million containers, representing over 2,000,000 twenty-foot equivalent units, in our owned and managed fleet. We lease containers to more than 400 shipping lines and other lessees. We principally lease dry freight containers, which are by far the most common of the three principal types of intermodal containers, although we also lease specialized and refrigerated containers. We have also been one of the largest purchasers of new containers among container lessors over the last 10 years. We believe we are also one of the largest sellers of used containers, having sold more than 85,000 containers in 2007. We provide our services worldwide via a network of 14 regional and area offices and over 350 independent depots in more than 130 locations.
SOURCE: Textainer Group Holdings Limited
Textainer Group Holdings Limited Mr. Tom Gallo, 415-658-8227 Corporate Compliance Officer ir@textainer.com
Copyright Business Wire 2008
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