CAI International, Inc. operates as a container leasing and management company in the United States and internationally. It operates in two segments, Equipment Leasing and Container Management. The company leases, re-leases, and disposes containers; and contracts for the repair, repositioning, and storage of containers. It provides its containers under long-term, short-term, and finance leases to container shipping lines, railroad companies, and freight forwarders. The company also sells containers primarily to investor groups and provides management services to those investors, as well as sells used containers on behalf of container investors. In addition, it is involved in leasing railcars consisting of boxcars, covered hoppers, coal cars, and tank cars that are used to transport industrial goods, materials, and other products on railroad tracks in North America. As of December 31, 2012, its owned and managed container fleet comprised 1,063,550 20-foot equivalent units; and an owned fleet of 1,456 railcars. The company was formerly known as Container Applications International, Inc. and changed its name to CAI International, Inc. in February 2007. CAI International, Inc. was founded in 1989 and is headquartered in San Francisco, California.