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Commitments and Contingencies
3 Months Ended
Mar. 31, 2013
Commitments and Contingencies

NOTE 7. Commitments and Contingencies

On March 19, 2013, we entered into a equipment purchase contract for the acquisition of 2,529 53’ containers. We expect the total cost of purchasing the containers to be approximately $29.0 million. We expect to take delivery of the equipment between April and October 2013.

On March 18, 2013, we entered into an equipment purchase contract for the acquisition of 80 tractors. We expect the total cost of purchasing the tractors to be approximately $9.1 million. We expect to take delivery of the equipment in May 2013.

On December 12, 2012, we exercised our purchase option on approximately 4,000 containers that are currently leased. The purchases, totaling approximately $15.0 million, will occur as the leases expire throughout 2013.