The big surprise for shipping stocks has been the outperformance of certain container industry names despite the post-boom plunge in volumes and freight rates. Container-equipment lessor Textainer (NYSE: TGH) is a case in point.
Textainer’s stock just hit its highest price since the company went public in 2007. Its shares are doing even better than they did at the peak of the COVID-era boom.
Box leasing companies are in close contact with their customers — the shipping lines — and during a...
https://www.freightwaves.com/news/all-time-high-shares-of-container-company-textainer-still-rising