By Noah Graff
The Street.com recently interviewed John Maccarone, CEO of Textainer, a company that owns and leases more than 10,000 containers. According to Maccarone, there will be a huge shortage of containers in the coming years. The capacity of world containers declined last year because all of the container manufacturers had closed. The closings caused the companies to lose a ton of skilled labor, so now their output is less than half of what it would be in normal years.
According to Maccarone, global trade is forecast to grow by 9-10 percent next year, in contrast to 2009 during which it declined by 10 percent. Presently containers are at a 90 percent utilization rate.
Tough to get enough containers, but at least we need them.
Watch the video to learn more.