For fiscal 1999, which ended Sept. 30, the company posted profits of $58 million on revenues of $464 million. Profits in 1998 were $60 million on revenues of $461 million.
Lewis Rubin, president and CEO of the Boston-based trailer and container leasing company, said they expect continued strong operating results in their North American business for fiscal 2000. But the international container market continues to suffer from oversupply and weak prices.
Equipment utilization in 1999 was 83%, down slightly from 85% last year. The company blames the decline on lower utilization rates for its international fleet.