Commitments and Contingencies

9 Months Ended

Sep. 30, 2015

Commitments And Contingencies Disclosure [Abstract]

NOTE 7.

Commitments and Contingencies

In March 2015, we entered into an equipment purchase contract for the acquisition of 300 Freightliner tractors. The total purchase price of these tractors, including the warranty, is approximately $43.4 million. As of September 30, 2015, we have received 156 tractors, 142 of which we have financed with secured fixed rate debt as further discussed in Note 5 of the consolidated financial statements. We expect to take delivery of the remaining tractors by the end of the year.

In July 2015, we entered into an equipment purchase contract for the acquisition of 1,000 53’ domestic containers. The total purchase price of these containers is $10.5 million. As of September 30, 2015, we have received 175 containers. We expect to take delivery of the remaining containers by the end of November.