XTRA Lease
A leading provider of trucking trailers and storage containers, operating as XTRA Lease, acquired by Berkshire Hathaway in 2001.
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XTRA Lease
Founded: 1980s Acquired by Berkshire: 2001 Status: Berkshire Hathaway subsidiary
Overview
XTRA Lease is a major provider of trucking trailers and storage containers for lease in the United States. The company operates a large fleet of trailers and containers serving the transportation and storage industries.
Business
Equipment Leasing
- Semi-trailers for trucking companies
- Storage containers for shipping and storage
- Specialty equipment for specific industries
Fleet Size
XTRA maintains one of the largest trailer fleets in the United States:
- Over 100,000 trailers
- Strategic locations nationwide
- Comprehensive maintenance services
Why It Fits Berkshire
Capital-Light Business Model
Trailer leasing doesn't require significant capital compared to owning assets:
- Customers pay for usage
- Equipment returns after lease term
- Smaller capital requirements than trucking
Counter-Cyclical Potential
Trailer demand can increase during economic expansions when trucking demand rises.
Related
- warren-buffett — Berkshire parent
- berkshire-hathaway — Parent company
- trucking — The industry XTRA serves
Source
Berkshire Hathaway Annual Meetings