TradeOut Sells GE Capital
June 21, 2000
TradeOut, a B2B Internet marketplace based in Valhalla, N.Y., has completed the sale of $1.1 million of GE Capital assets from the Genstar division.
The transaction, involving 20 and 40 foot shipping containers, marks the first major
sale since GE Capital teamed up with TradeOut in May to assist in the sale of its off-lease assets and equipment.
Genstar, a provider of used shipping containers located in Stamford, Conn., is one of six GE Capital divisions that are participating in an alliance with TradeOut
that includes Penske Truck Leasing,
Transportation International Pool, GE Capital Auto Financial Services, GE Capital Fleet Services and GE Capital Commercial Equipment Financing. The TradeOut partnership allows GE Capital to sell off-lease equipment, including
trucks, cars, trailers, containers, plant
equipment and machine tools.