 CAI International, Inc. CAI or the Company NYSE: CAI, announces the completion of an agreement to sell substantially all of the assets of its logistics business to NFI, on a debt free, cash free basis. In connection with the sale, substantially all of CAIs employees of the logistics business were hired by NFI. The sale consideration consisted primarily of payment for the estimated net working capital of CAIs logistics business as of the closing date, subject to adjustment 180 days after closing to reconcile to the actual net working capital as of the closing date. 