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Commitments and Contingencies
9 Months Ended
Sep. 30, 2017
Commitments And Contingencies Disclosure [Abstract]  
Commitments and Contingencies

NOTE 7.

Commitments and Contingencies

 

In November 2016, we committed to acquire 4,000 53’ containers.  We expect the total purchase price of these containers to be approximately $40 million.  As of October 21, 2017, we have received 2,156 containers.  We anticipate receiving another 394 containers by the end of the year, with the remaining 1,450 to be delivered in 2018. We will be financing the purchase of this equipment with secured fixed rate debt.

 

We have entered in various agreements to purchase 154 tractors for a purchase price of approximately $18 million.  The equipment is expected to be delivered from October 2017 to January 2018.  We will be financing the purchase of this equipment with secured fixed rate debt.