Exhibit 99.1

CAI International, Inc. Reports Results for the Third Quarter of 2015

SAN FRANCISCO--(BUSINESS WIRE)--October 27, 2015--CAI International, Inc. (CAI) (NYSE:CAI), one of the world’s leading transportation finance and logistics companies, today reported results for the third quarter of 2015.

Highlights

• CAI reported rental revenue for the third quarter of 2015 of $57.5 million, an increase of $2.2 million, or 4%, compared to the third quarter of 2014.
• CAI reported net income attributable to CAI common stockholders for the third quarter of 2015 of $13.0 million, a decrease of $1.7 million, or 12%, compared to net income attributable to CAI common stockholders for the third quarter of 2014, as adjusted for a non-recurring settlement received from a customer¹.
• Net income attributable to CAI common stockholders per fully diluted share was $0.62 for the third quarter of 2015, compared to $0.60 for the second quarter of 2015, and $0.69 for the third quarter of 2014, as adjusted for a non-recurring settlement received from a customer¹.
• Average utilization during the third quarter of 2015 was 92.0% (on a CEU basis) compared to 93.0% for the third quarter of 2014.
• Rental revenue from CAI’s rail assets was $5.1 million, an increase of 94% compared to the third quarter of 2014, and 36% compared to the second quarter of 2015.
• CAI reported logistics revenue for the third quarter of 2015 of $5.4 million, primarily arising from its acquisition during the quarter of ClearPointt Logistics LLC.
• CAI amended its rail car revolving credit facility to increase its commitment from $250 million to $500 million, lower the interest rate by 25 basis points, expand the equipment types eligible for finance under the facility and extend the term of the facility to October 22, 2020.
• CAI completed its Board approved share repurchase program during the third quarter of 2015, repurchasing one million shares of its outstanding common stock at an average price of $12.14.

Total revenue for the third quarter of 2015 was $66.1 million, compared to $59.2 million for the third quarter of 2014, an increase of 12%. Rental revenue for the third quarter of 2015 was $57.5 million, compared to $55.4 million for the third quarter of 2014. The increase in rental revenue was primarily due to an increase in the average number of owned containers on lease and the growth in our railcar business. Logistics revenue for the third quarter of 2015, primarily arising from our acquisition of ClearPointt Logistics LLC during the quarter, was $5.4 million. Finance lease income for the third quarter of 2015 was $2.3 million, unchanged compared to the third quarter of 2014. Management fee revenue for the third quarter of 2015 was $0.9 million, compared to $1.6 million for the third quarter of 2014, reflecting the decrease in the size of our managed fleet.

Victor Garcia, Chief Executive Officer of CAI commented, “For the quarter we reported net income of $13.0 million, or $0.62 per fully diluted share. Despite the moderate economic environment, rental revenue increased by 4% as compared to the third quarter of 2014 as we continued to expand our overall fleet size, particularly with rail equipment that was delivered over the course of the year. Overall revenues increased by 12% as compared to the third quarter of 2014 as we have begun reporting the results of our logistics business.

“The third quarter has traditionally been when we observe a seasonal increase in demand for containers. However, the seasonal pattern did not materialize and utilization declined slightly during the quarter. We attribute the lack of a seasonal upturn to more moderate international trade growth associated with Asia, and China in particular. According to Clarkson Research, exports from China to Europe and from China to the United States are estimated to be flat and grow 3%, respectively, in 2015. As a result, there has not been a sufficient increase in demand for our customers to need additional equipment to service their needs. Demand for our rail equipment has remained strong and we took delivery of $17 million of equipment during the quarter, which is on lease and contributed to our overall results for the quarter. During the third quarter, our rail business accounted for approximately 9% of our equipment rental revenues. We expect that rail will be a growing part of our business next year as we take delivery and lease equipment we have ordered from manufacturers.

“As we noted last quarter, soft economic conditions in China this year have caused steel prices, and new container prices, to decline, placing pressure on per diem rates and secondary container prices. We expect the weakness in per diem rates and container prices to continue until overall demand for containers increases. We will continue to monitor both demand and trends for new containers and secondary equipment prices in the marketplace. During the quarter, we reported a slight gain on sale of equipment. This included the sale of rail equipment to a financial institution at a gain, and a loss related to equipment lost by a customer that had defaulted earlier this year. These two items contributed $0.6 million to gain on sale of equipment, and $0.2 million to net income in the quarter.”

Mr Garcia added, “This was the first quarter for which we reported results from our logistics business. We purchased ClearPointt Logistics LLC in July and are actively looking at expanding the platform and integrating our existing asset base into its services and customers. This quarter had two months of results and we expect a full quarter’s results in the fourth quarter. Our integration and growth plans remain on track and we are excited about the opportunity that logistics provides to both our rail and container leasing businesses. We will continue to look for other opportunities to expand our overall logistics platform.”

Mr. Garcia continued, “We have just completed the refinancing of our existing $250 million rail car revolving credit facility. We are pleased by the strong support and confidence our lenders have shown to our company and our rail expansion effort. We have increased the commitment available under the facility from $250 million to $500 million, decreased the pricing by 25 basis points to Libor + 150 basis points, increased the number of equipment types eligible for inclusion as security and extended the term to five years from the closing date. We now have sufficient committed capital in place to finance our entire new building program and to continue to make additional commitments to new and used rail equipment.

“During the quarter, we also completed the repurchase of one million shares at an average price of $12.14. During the last 18 months, we have repurchased 2.5 million shares, representing 11% of our outstanding common stock, which we believe benefits our long term shareholders. We will continue to look for opportunities to build long term shareholder value that strengthens our overall business.”

Mr. Garcia concluded, “Although we are working our way through the effects of a moderate demand period in our container business, we are excited by the steady progress we are making in strengthening and diversifying our business. We believe that container demand will improve over time and that the efforts we are making on these other fronts will continue to expand the overall intrinsic value of our company. We are excited about the direction of our efforts and are focused on achieving our strategic business plan.”

¹ Refer to the “Reconciliation of GAAP Amounts to Non-GAAP Amounts” and “Use of Non-GAAP Financial Measures” set forth below.

Conference Call

A conference call to discuss the financial results for the third quarter of 2015 will be held on Tuesday, October 27, 2015 at 5:00 p.m. ET. The dial-in number for the teleconference is 1-888-398-8098; outside of the U.S., call 1-707-287-9363. The call may be accessed live over the internet (listen only) under the “Investors” tab of CAI’s website, www.capps.com, by selecting “Q3 2015 Earnings Conference Call.” A webcast replay will be available for 30 days on the “Investors” tab of our website.

Use of Non-GAAP Financial Measures

This press release contains non-GAAP financial measures, and includes net income and earnings per share adjusted to reflect the impact of a non-recurring net settlement received from a customer and related tax effects, a non-recurring container management charge and related tax effects, and a non-recurring tax charge. These measures are not in accordance with, or an alternative for, generally accepted accounting principles, or GAAP, and may be different from non-GAAP financial measures used by other companies. We believe the presentation of non-GAAP financial measures provides useful information to management and investors regarding various financial and business trends relating to our financial condition and results of operations, and that when GAAP financial measures are viewed in conjunction with non-GAAP financial measures, investors are provided with a more meaningful understanding of our ongoing operating performance. Non-GAAP financial measures are not intended to be considered in isolation or as a substitute for GAAP financial measures. To the extent this release contains historical non-GAAP financial measures, we have also provided a reconciliation to the corresponding GAAP financial measures for comparative purposes.

About CAI International, Inc.

CAI is one of the world’s leading transportation finance and logistics companies. As of September 30, 2015, CAI operated a worldwide fleet of approximately 1,212,000 CEUs of containers through 16 offices located in 13 countries including the United States. As of September 30, 2015, CAI also owned a fleet of 3,955 railcars, which it leases within North America.

Forward-Looking Statements

This press release contains forward-looking statements regarding future events and the future performance of CAI, including but not limited to, the statements regarding management's business outlook on the container leasing business, management's outlook for growth of CAI’s railcar leasing investments and the outlook, benefits and synergies expected from the acquisition of ClearPointt Logistics LLC. These statements and others herein are forward-looking statements within the meaning of the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934 and involve risks and uncertainties that could cause actual results of operations and other performance measures to differ materially from current expectations including, but not limited to, utilization rates, expected economic conditions, expected growth of international trade, availability of credit on commercially favorable terms or at all, customer demand, container investment levels, container prices, lease rates, increased competition, volatility in exchange rates, growth in world trade and world container trade, the ability of CAI to convert letters of intent with its customers to binding contracts, potential to sell CAI’s securities to the public and others.

CAI refers you to the documents that it has filed with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended December 31, 2014 and its Quarterly Reports on Form 10-Q and its Current Reports on Form 8-K. These documents contain additional important factors that could cause actual results to differ from current expectations and from forward-looking statements contained in this press release. Furthermore, CAI is under no obligation to (and expressly disclaims any such obligation to) update or alter any of the forward-looking statements contained in this press release whether as a result of new information, future events or otherwise, unless required by law.

CONTACT:
CAI International, Inc.
Tim Page, 415-788-0100
Chief Financial Officer
tpage@capps.com