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Commitments and Contingencies
 9 Months Ended
Sep. 30, 2016
Commitments And Contingencies Disclosure [Abstract]  
Commitments and Contingencies

NOTE 7.

Commitments and Contingencies

 

In the second quarter of 2016, we committed to acquire 4,500 53’ containers.  We expect the total purchase price of these containers to be approximately $43 million.  As of September 30, 2016 we have received 3,066 containers and expect to receive the remainder by November 2016.  

 

In the third quarter 2016, we committed to acquire 100 trailers and 50 tractors.  We expect the total purchase price of this equipment to be approximately $9 million.  We expect to receive this equipment in the fourth quarter of 2016.   

 

We will be financing the purchase of the trailers, tractors and containers with secured fixed rate debt.