SAN FRANCISCO--(BUSINESS WIRE)--
International, Inc. (CAI) (NYSE: CAI), one of the world's leading
transportation finance and logistics companies, announced today that
ClearPointt Logistics, LLC will be joining the CAI brand as CAI
Intermodal, LLC, a CAI Logistics, LLC company. Though ClearPointt will
operate as CAI Intermodal, it will be publicly referred to as CAI
Logistics. This name change is the first step in CAI's brand
integration, as we continue to enhance our logistics services in North
America and around the globe.
In 2015, CAI purchased ClearPointt, an established intermodal
transportation company, to expand its logistics services. As CAI
Logistics, the organization will continue to provide exceptional service
and creative transportation solutions tailored to fit each customer's
specific requests and challenges.
Janet Papworth, CAI Logistics' Executive Vice President, commented,
"When we were approached by CAI in 2015, we were looking to expand our
services, and we felt that CAI was a great cultural fit. CAI had the
same vision for the future of logistics as we did, and the support they
have provided thus far has been incredible."
Ms. Papworth continued, "With its strength and depth, CAI has been a
great benefactor and contributor to our ongoing growth. CAI has opened
up the opportunity for us to reach new markets and provide our services
on both domestic and global fronts. We look forward to continuing our
tradition of maintaining strong relationships with our valued customers
and vendors, while utilizing our newly-expanded base of intermodal
resources and expertise."
Together with CAI's other subsidiaries, Hybrid
Logistics and Challenger
Overseas (both acquired by CAI in 2016), CAI Logistics offers
intermodal, expanded highway, and international services.
When asked about his motivation behind expanding CAI and adding
logistics services, CAI's Chief Executive Officer, Victor Garcia,
commented, "We created the CAI Logistics division to add breadth to our
transportation capabilities and further establish CAI as a full-service
"We are a company that is committed to customer service and customer
success. CAI Logistics, in conjunction with CAI's globally-established
equipment and shipping presence, helps us ensure that our customers'
expectations are always met, promptly and efficiently."
About CAI International, Inc.
CAI is one of the world's leading transportation finance and logistics
companies. As of December 31, 2016, CAI operated a worldwide fleet of
approximately 1.2 million CEUs of containers, and owned a fleet of 6,459
railcars that it leases within North America. CAI operates through 24
offices located in 14 countries including the United States.
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CAI International, Inc.
Tim Page, 415-788-0100
Source: CAI International, Inc.
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