Top DoD commercial air, rail, and water transportation equipment rental and leasing contractors
In the 12 months ending Oct 5, 2026, the Department of Defense obligated $22.1M in net prime contract dollars under NAICS 532411, up 45.8% from $15.2M in the preceding 12 months. 23 prime contractors received positive obligations, and 5 of them accounted for 80% of that spend.
Prime contracts funded by the Department of Defense. Latest 12 months: Oct 6, 2025 to Oct 5, 2026. Source: USAspending.gov.
DoD publishes contract data to USAspending with a 90-day delay, so the most recent months understate DoD activity.
Obligations by fiscal year
Net prime contract obligations by federal fiscal year (October to September).
Top DoD contractors for NAICS 532411
Ranked by positive obligations in the latest 12 months. Share is of all positive obligations in this market.
| # | Contractor | Latest 12 mo | Prior 12 mo | Share | Rank change |
|---|---|---|---|---|---|
| 1 | Seacube Leasing International, Inc. | $8.6M | $5.7M | 35.9% | — |
| 2 | Triton Container International Limited | $4.7M | $2.2M | 19.8% | — |
| 3 | FIO LLC | $3.8M | $0 | 15.8% | New |
| 4 | Marquette Transportation Company, LLC | $2.0M | $1.3M | 8.4% | — |
| 5 | Textainer Equipment Management (U.S.) Limited | $1.2M | $472K | 5.0% | ▲ 1 |
| 6 | Japan OIL Transportation Co., Ltd. | $644K | $464K | 2.7% | ▲ 1 |
| 7 | Smithbridge Guam Inc | $549K | $0 | 2.3% | New |
| 8 | Mitomo Co., Ltd. | $360K | $0 | 1.5% | New |
| 9 | Toyo Sangyo K.K. | $291K | $0 | 1.2% | New |
| 10 | Sansu Marine, LLC | $278K | $0 | 1.2% | New |
| 11 | Pacific Maritime Group Inc | $248K | $141K | 1.0% | ▲ 2 |
| 12 | Kiroku, KK | $224K | $0 | 0.9% | New |
| 13 | HOC Services, Inc. | $201K | $392K | 0.8% | ▼ 5 |
| 14 | Aktio Corporation | $158K | $0 | 0.7% | New |
| 15 | National Marine Sanctuary Foundation | $153K | $147K | 0.6% | ▼ 4 |
What changed in the last 12 months
Contractors with the largest change in reported obligations versus the preceding 12 months.
Largest gains
- FIO LLC$0 → $3.8M (+$3.8M) · now #3
- Seacube Leasing International, Inc.$5.7M → $8.6M (+$2.9M) · now #1
- Triton Container International Limited$2.2M → $4.7M (+$2.5M) · now #2
Largest declines
- W. Leigh & Associates, Inc$1.9M → $0 (−$1.9M) · no latest-period obligations
- Caillou Island Towing Company, Inc.$0 → −$1.7M (−$1.7M) · no latest-period obligations
- Shoaf Marine, Inc.$1.3M → $0 (−$1.3M) · no latest-period obligations
New to this market
11 contractors received their first obligations in this market (since FY2022) during the latest 12 months. The largest:
| Contractor | First obligation | Latest 12 mo |
|---|---|---|
| FIO LLC | Mar 31, 2026 | $3.8M |
| Smithbridge Guam Inc | Mar 17, 2026 | $549K |
| Mitomo Co., Ltd. | Mar 4, 2026 | $360K |
| Toyo Sangyo K.K. | Dec 4, 2025 | $291K |
| Sansu Marine, LLC | May 22, 2026 | $278K |
| Kiroku, KK | Mar 31, 2026 | $224K |
| Aktio Corporation | Feb 9, 2026 | $158K |
| Seaborne Pursuits LLC | Jan 23, 2026 | $120K |
Where the money comes from
Funding sub-agencies within the Department of Defense, latest 12 months. The funding organization can differ from the office that runs the requirement.
| Funding sub-agency | Latest 12 mo | Prior 12 mo | Change |
|---|---|---|---|
| Department of the Army | $19.2M | $11.4M | Up $7.8M (68.5%) |
| Department of the Navy | $1.7M | $2.6M | Down $958K (36.3%) |
| Defense Logistics Agency | $644K | $464K | Up $180K (38.7%) |
| Department of the Air Force | $267K | $144K | Up $122K (84.6%) |
| U.S. Special Operations Command | $201K | $547K | Down $347K (63.4%) |
| Washington Headquarters Services | $153K | $0 | New |
Potential recompetes
Large awards in this market whose current period of performance ends in the next 18 months. Treat these as research leads: options, extensions, and follow-on vehicles often change the timing.
| Award | Incumbent | Obligated | Current end |
|---|---|---|---|
| W51AA126FA011 | Seacube Leasing International, Inc. CONTAINER LEASING | $1.1M | Dec 19, 2026 |
Common questions
Who are the top DoD contractors for NAICS 532411?
In the latest 12 months, Seacube Leasing International, Inc. ($8.6M), Triton Container International Limited ($4.7M), FIO LLC ($3.8M) received the most DoD obligations for commercial air, rail, and water transportation equipment rental and leasing.
How concentrated is this market?
The eight largest primes held 91.4% of positive obligations, and Seacube Leasing International, Inc. alone held 35.9%. 11 contractors won their first obligations in this market during the latest 12 months.
Are any large DoD NAICS 532411 contracts ending soon?
1 of the largest awards in this market reach their current end date in the next 18 months. The first is W51AA126FA011 (Seacube Leasing International, Inc., $1.1M obligated), ending Dec 19, 2026. An end date is a research lead, not a confirmed recompete: options and extensions often move it.
Related markets
NAICS 532411 across all agencies
USDA · NAICS 532411
$37.8MFigures are net obligations on prime contracts (award types A–D) from USAspending.gov, grouped by funding agency and the NAICS code on each award. Net obligations include deobligations and corrections, so they can differ from positive-obligation totals. See methodology.
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