Triton International is the world's largest lessor of intermodal containers — the standardized steel boxes used to ship freight by sea, rail, and truck. Triton owns and manages a fleet of over 7.0 million TEU and leases these containers primarily to major international shipping lines. Triton's core revenue comes from per diem (daily) lease rates on its owned fleet, with profitability driven by fleet utilization, lease rates, and fleet size. About 80% of the fleet is on long-term or finance leases, providing predictable cash flows. Triton also manages containers on behalf of third-party owners, earning management fees, and runs a smaller equipment trading segment where it buys and resells containers. The fleet is primarily dry containers, with refrigerated containers, special containers, tank containers, and chassis rounding out the mix. Triton sells to the world's largest shipping lines through a global sales organization, with its top 20 customers accounting for 87% of lease billings. A key operational challenge is managing trade flow imbalances — containers tend to accumulate in high-import markets like North America and Europe — which Triton mitigates through long-term leases with contractual return restrictions and a network of 450+ depot facilities across 40+ countries.