CAI International, Inc. operates as an equipment leasing and management company in the United States and internationally. It operates in two segments, Equipment Leasing and Equipment 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, freight forwarders, and other transportation companies. The company also sells containers primarily to investor groups and provides management services to those investors, as well as sells used containers. In addition, it is involved in leasing railcars consisting of box cars for paper and forest products; covered hoppers for grain, cement, sand, plastic pallets, and other industrial products; general purpose tank cars that are used to transport non-hazardous commodities; gondolas for coal; and general service flat cars. As of December 31, 2013, it had a container fleet comprised 1,144,454 20-foot equivalent units; and an owned fleet of 1,804 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.