<PAGE>   1
                       SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C. 20549

                                    FORM 10-Q


[X]  QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF 
     THE SECURITIES EXCHANGE ACT OF 1934 

               FOR THE QUARTERLY PERIOD ENDED SEPTEMBER 30, 1998

                                       OR

[ ]  TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF 
     THE SECURITIES EXCHANGE ACT OF 1934 

          FOR THE TRANSITION PERIOD FROM ____________ TO ____________


                         Commission file number 0-23158

                       CRONOS GLOBAL INCOME FUND XIV, L.P.
             (Exact name of registrant as specified in its charter)


          California                                            94-3163375
(State or other jurisdiction of                              (I.R.S. Employer
 incorporation or organization)                             Identification No.)

         444 Market Street, 15th Floor, San Francisco, California 94111
            (Address of principal executive offices)        (Zip Code)

                                 (415) 677-8990
              (Registrant's telephone number, including area code)


Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months (or for such shorter period that the registrant was
required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days. Yes [X]    No [ ]


<PAGE>   2
                       CRONOS GLOBAL INCOME FUND XIV, L.P.

                  REPORT ON FORM 10-Q FOR THE QUARTERLY PERIOD
                            ENDED SEPTEMBER 30, 1998

                                TABLE OF CONTENTS


<TABLE>
<CAPTION>
                                                                                                                       PAGE
<S>                                                                                                                    <C>
PART I -- FINANCIAL INFORMATION

  Item 1.    Financial Statements

             Balance Sheets - September 30, 1998 (unaudited) and December 31, 1997                                       4

             Statements of Operations for the three and nine months ended September 30, 1998 and 1997 (unaudited)        5

             Statements of Cash Flows for the nine months ended September 30, 1998 and 1997 (unaudited)                  6

             Notes to Financial Statements (unaudited)                                                                   7

  Item 2.    Management's Discussion and Analysis of Financial Condition and Results of Operations                      10

  Item 3.    Quantitative and Qualitative Disclosures About Market Risk                                                 12

PART II-- OTHER INFORMATION

  Item 1.    Legal Proceedings                                                                                          13

  Item 3.    Defaults Upon Senior Securities                                                                            14

  Item 5.    Other Information                                                                                          14

  Item 6.    Exhibits and Reports on Form 8-K                                                                           16
</TABLE>


                                       2
<PAGE>   3
                         PART I - FINANCIAL INFORMATION


  Item 1.   Financial Statements

            Presented herein are the Registrant's balance sheets as of September
            30, 1998 and December 31, 1997, statements of operations for the
            three and nine months ended September 30, 1998 and 1997, and
            statements of cash flows for the nine months ended September 30,
            1998 and 1997.


                                       3
<PAGE>   4
                       CRONOS GLOBAL INCOME FUND XIV, L.P.

                                 BALANCE SHEETS

                                   (UNAUDITED)


<TABLE>
<CAPTION>
                                                                                      September 30,           December 31,
                                                                                           1998                   1997
                                                                                      -------------          -------------
<S>                                                                                   <C>                    <C>      
                        Assets

Current assets:
    Cash and cash equivalents, includes $1,712,272 at September 30, 1998 and
        $1,576,519 at December 31, 1997 in interest-bearing accounts                  $   1,712,372          $   1,576,719
    Net lease receivables due from Leasing Company
        (notes 1 and 2)                                                                   1,010,405              1,036,015
                                                                                      -------------          -------------

            Total current assets                                                          2,722,777              2,612,734
                                                                                      -------------          -------------

Container rental equipment, at cost                                                      52,922,940             53,096,311
    Less accumulated depreciation                                                        15,872,003             13,606,842
                                                                                      -------------          -------------
        Net container rental equipment                                                   37,050,937             39,489,469
                                                                                      -------------          -------------

Organizational costs, net                                                                        --                  8,074
                                                                                      -------------          -------------

                                                                                      $  39,773,714          $  42,110,277
                                                                                      =============          =============
                 Partners' Capital

Partners' capital (deficit):
    General partner                                                                   $        (861)         $         389
    Limited partners                                                                     39,774,575             42,109,888
                                                                                      -------------          -------------

            Total partners' capital                                                      39,773,714             42,110,277
                                                                                      -------------          -------------

                                                                                      $  39,773,714          $  42,110,277
                                                                                      =============          =============
</TABLE>


   The accompanying notes are an integral part of these financial statements.


                                       4
<PAGE>   5
                       CRONOS GLOBAL INCOME FUND XIV, L.P.

                            STATEMENTS OF OPERATIONS

                                   (UNAUDITED)


<TABLE>
<CAPTION>
                                                                  Three Months Ended                    Nine Months Ended
                                                          ---------------------------------       ---------------------------------
                                                          September 30,       September 30,       September 30,       September 30,
                                                              1998                1997                1998                1997
                                                          -------------       -------------       -------------       -------------
<S>                                                       <C>                 <C>                 <C>                 <C>          

Net lease revenue (notes 1 and 3)                         $   1,086,633       $   1,455,218       $   3,742,036       $   3,953,363

Other operating expenses:
    Depreciation and amortization                               770,664             837,743           2,323,093           2,527,653
    Other general and administrative expenses                    28,909              21,599              78,879              72,764
                                                          -------------       -------------       -------------       -------------
                                                                799,573             859,342           2,401,972           2,600,417
                                                          -------------       -------------       -------------       -------------

        Earnings from operations                                287,060             595,876           1,340,064           1,352,946

Other income:
    Interest income                                              23,845              13,447              70,693              48,139
    Net gain on disposal of equipment                                70              13,275              22,339              66,167
                                                          -------------       -------------       -------------       -------------
                                                                 23,915              26,722              93,032             114,306
                                                          -------------       -------------       -------------       -------------

        Net earnings                                      $     310,975       $     622,598       $   1,433,096       $   1,467,252
                                                          =============       =============       =============       =============

Allocation of net earnings:
    General partner                                       $      61,883       $      62,897       $     187,237       $     203,899
    Limited partners                                            249,092             559,701           1,245,859           1,263,353
                                                          -------------       -------------       -------------       -------------

                                                          $     310,975       $     622,598       $   1,433,096       $   1,467,252
                                                          =============       =============       =============       =============

Limited partners' per unit share of net earnings          $        0.09       $        0.18       $        0.42       $        0.42
                                                          =============       =============       =============       =============
</TABLE>


   The accompanying notes are an integral part of these financial statements.


                                       5
<PAGE>   6
                       CRONOS GLOBAL INCOME FUND XIV, L.P.

                            STATEMENTS OF CASH FLOWS

                                   (UNAUDITED)



<TABLE>
<CAPTION>
                                                                             Nine Months Ended
                                                                     -----------------------------------
                                                                     September 30,         September 30,
                                                                         1998                  1997
                                                                     -------------         -------------
<S>                                                                  <C>                   <C>          
Net cash provided by operating activities                            $   3,723,135         $   3,910,506

Cash flows provided by (used in) investing activities:
    Proceeds from disposal of equipment                                    182,177               301,738
    Purchase of container rental equipment                                    --                (563,044)
    Acquisition fees paid to general partner                                  --                 (28,152)
                                                                     -------------         -------------

        Net cash provided by (used in) investing activities                182,177              (289,458)
                                                                     -------------         -------------

Cash flows used in financing activities:
    Distribution to partners                                            (3,769,659)           (4,083,878)
                                                                     -------------         -------------


Net increase (decrease) in cash and cash equivalents                       135,653              (462,830)


Cash and cash equivalents at January 1                                   1,576,719             1,730,504
                                                                     -------------         -------------


Cash and cash equivalents at September 30                            $   1,712,372         $   1,267,674
                                                                     =============         =============
</TABLE>


   The accompanying notes are an integral part of these financial statements.


                                       6
<PAGE>   7
                       CRONOS GLOBAL INCOME FUND XIV, L.P.

                     NOTES TO UNAUDITED FINANCIAL STATEMENTS


(1)    Summary of Significant Accounting Policies

       (a)  Nature of Operations

            Cronos Global Income Fund XIV, L.P. (the "Partnership") is a limited
            partnership organized under the laws of the State of California on
            July 30, 1992, for the purpose of owning and leasing marine cargo
            containers. Cronos Capital Corp. ("CCC") is the general partner and,
            with its affiliate Cronos Containers Limited (the "Leasing
            Company"), manages the business of the Partnership. The Partnership
            shall continue until December 31, 2012, unless sooner terminated
            upon the occurrence of certain events.

            The Partnership commenced operations on January 29, 1993 when the
            minimum subscription proceeds of $2,000,000 were obtained. As of
            September 30, 1998, the Partnership owned and operated 8,265
            twenty-foot, 3,543 forty-foot and 97 forty-foot high-cube marine dry
            cargo containers as well as 100 twenty-foot and 50 forty-foot
            refrigerated cargo containers.

            The Partnership offered 4,250,000 units of limited partnership
            interests at $20 per unit, or $85,000,000. The offering terminated
            on November 30, 1993, at which time 2,984,309 limited partnership
            units had been purchased.

       (b)  Leasing Company and Leasing Agent Agreement

            The Partnership has entered into a Leasing Agent Agreement whereby
            the Leasing Company has the responsibility to manage the leasing
            operations of all equipment owned by the Partnership. Pursuant to
            the Agreement, the Leasing Company is responsible for leasing,
            managing and re-leasing the Partnership's containers to ocean
            carriers and has full discretion over which ocean carriers and
            suppliers of goods and services it may deal with. The Leasing Agent
            Agreement permits the Leasing Company to use the containers owned by
            the Partnership, together with other containers owned or managed by
            the Leasing Company and its affiliates, as part of a single fleet
            operated without regard to ownership. Since the Leasing Agent
            Agreement meets the definition of an operating lease in Statement of
            Financial Accounting Standards (SFAS) No. 13, it is accounted for as
            a lease under which the Partnership is lessor and the Leasing
            Company is lessee.

            The Leasing Agent Agreement generally provides that the Leasing
            Company will make payments to the Partnership based upon rentals
            collected from ocean carriers after deducting direct operating
            expenses and management fees to CCC and the Leasing Company. The
            Leasing Company leases containers to ocean carriers, generally under
            operating leases which are either master leases or term leases
            (mostly two to five years). Master leases do not specify the exact
            number of containers to be leased or the term that each container
            will remain on hire but allow the ocean carrier to pick up and drop
            off containers at various locations; rentals are based upon the
            number of containers used and the applicable per-diem rate.
            Accordingly, rentals under master leases are all variable and
            contingent upon the number of containers used. Most containers are
            leased to ocean carriers under master leases; leasing agreements
            with fixed payment terms are not material to the financial
            statements. Since there are no material minimum lease rentals, no
            disclosure of minimum lease rentals is provided in these financial
            statements.

                                                                     (Continued)


                                       7
<PAGE>   8
                       CRONOS GLOBAL INCOME FUND XIV, L.P.

                     NOTES TO UNAUDITED FINANCIAL STATEMENTS


       (c)  Basis of Accounting

            The Partnership utilizes the accrual method of accounting. Net lease
            revenue is recorded by the Partnership in each period based upon its
            leasing agent agreement with the Leasing Company. Net lease revenue
            is generally dependent upon operating lease rentals from operating
            lease agreements between the Leasing Company and its various
            lessees, less direct operating expenses and management fees due in
            respect of the containers specified in each operating lease
            agreement.

       (d)  Financial Statement Presentation

            These financial statements have been prepared without audit. Certain
            information and footnote disclosures normally included in financial
            statements prepared in accordance with generally accepted accounting
            procedures have been omitted. It is suggested that these financial
            statements be read in conjunction with the financial statements and
            accompanying notes in the Partnership's latest annual report on Form
            10-K.

            The preparation of financial statements in conformity with generally
            accepted accounting principles (GAAP) requires the Partnership to
            make estimates and assumptions that affect the reported amounts of
            assets and liabilities and disclosure of contingent assets and
            liabilities at the date of the financial statements and the reported
            amounts of revenues and expenses during the reported period. Actual
            results could differ from those estimates.

            The interim financial statements presented herewith reflect all
            adjustments of a normal recurring nature which are, in the opinion
            of management, necessary to a fair statement of the financial
            condition and results of operations for the interim period
            presented.


(2)    Net Lease Receivables Due from Leasing Company

       Net lease receivables due from the Leasing Company are determined by
       deducting direct operating payables and accrued expenses, base management
       fees payable, and reimbursed administrative expenses payable to CCC and
       its affiliates from the rental billings payable by the Leasing Company to
       the Partnership under operating leases to ocean carriers for the
       containers owned by the Partnership. Net lease receivables at September
       30, 1998 and December 31, 1997 were as follows:


<TABLE>
<CAPTION>
                                                                   September 30,       December 31,
                                                                        1998                1997
                                                                   -------------       -------------
<S>                                                                <C>                 <C>    
Lease receivables, net of doubtful accounts of $209,289
   at September 30, 1998 and $97,733 at December 31, 1997          $   1,774,154       $   1,876,135
Less:
Direct operating payables and accrued expenses                           446,548             502,312
Damage protection reserve                                                102,792             115,850
Base management fees                                                     179,772             183,596
Reimbursed administrative expenses                                        34,637              38,362
                                                                   -------------       -------------

                                                                   $   1,010,405       $   1,036,015
                                                                   =============       =============
</TABLE>

                                                                     (Continued)


                                       8
<PAGE>   9
                       CRONOS GLOBAL INCOME FUND XIV, L.P.

                     NOTES TO UNAUDITED FINANCIAL STATEMENTS


(3)    Net Lease Revenue

       Net lease revenue is determined by deducting direct operating expenses,
       base management fees and reimbursed administrative expenses to CCC and
       its affiliates from the rental revenue billed by the Leasing Company
       under operating leases to ocean carriers for the containers owned by the
       Partnership. Net lease revenue for the three and nine-month periods ended
       September 30, 1998 and 1997 was as follows:


<TABLE>
<CAPTION>
                                                     Three Months Ended                     Nine Months Ended
                                             ---------------------------------       ---------------------------------
                                             September 30,       September 30,       September 30,       September 30,
                                                  1998                1997                1998                1997
                                             -------------       -------------       -------------       -------------
<S>                                          <C>                 <C>                 <C>                 <C>          

Rental revenue                               $   1,949,227       $   2,084,545       $   5,933,582       $   6,113,089
Less:
Rental equipment operating expenses                609,827             376,792           1,427,946           1,412,107
Base management fees                               128,604             143,957             401,099             424,887
Reimbursed administrative expenses                 124,163             108,578             362,501             322,732
                                             -------------       -------------       -------------       -------------

                                             $   1,086,633       $   1,455,218       $   3,742,036       $   3,953,363
                                             =============       =============       =============       =============
</TABLE>


                                       9
<PAGE>   10
Item 2. Management's Discussion and Analysis of Financial Condition and Results
of Operations

It is suggested that the following discussion be read in conjunction with the
Registrant's most recent annual report on Form 10-K.


1)     Material changes in financial condition between September 30, 1998 and
       December 31, 1997.

       At September 30, 1998, the Registrant had $1,712,372 in cash and cash
       equivalents, an increase of $135,653 from the December 31, 1997 cash
       balances. At September 30, 1998, the Registrant had approximately
       $317,000 in cash generated from equipment sales reserved as part of its
       cash balances.

       The Registrant's cash distribution from operations for the third quarter
       of 1998 was 8% (annualized) of the limited partners' original capital
       contributions, unchanged from the second quarter 1998. These
       distributions are directly related to the Registrant's results from
       operations and may fluctuate accordingly.

       During the third quarter of 1998, the economic troubles in Asia, as
       evidenced by devalued currencies, restricted credit, and negative
       economic growth, continued to impact the growth of containerized trade.
       Significant trade imbalances, combined with a drop in trade volumes in
       some locations, continued to challenge the container leasing industry,
       with a corresponding effect on the Registrant's operating performance.
       The devaluation of the Asian currencies has led to an increase in exports
       from Asia, creating a strong demand for containers in that area of the
       world. However, the devalued currencies, together with the effects of
       restricted credit, have also reduced the demand in Asia for imports from
       the West. This has resulted in lower demand for containers in Europe and
       North America. In addition, turmoil in other financial markets, such as
       Japan and Russia, threatens to spread to Latin America and other emerging
       markets. As a result of these factors, the Registrant does not foresee
       any significant change in market conditions in the near future. However,
       in response to the current market conditions, the Registrant has been
       repositioning containers from low to higher demand locations in order to
       reduce its idle inventory. The Registrant will selectively continue to
       reposition available equipment when it believes that the impact will have
       a positive effect on its operations.

2)     Material changes in the results of operations between the three and
       nine-month periods ended September 30, 1998 and the three and nine-month
       periods ended September 30, 1997.

       Net lease revenue for the three and nine-month periods ended September
       30, 1998 was $1,086,633 and $3,742,036, respectively, a decrease of
       approximately 25% and 6% from the respective three and nine-month periods
       in the prior year. Gross rental revenue (a component of net lease
       revenue) for the three and nine-month periods ended September 30, 1998
       was $1,949,227 and $5,933,582, respectively, reflecting a decline of 6%
       and 3% from the same respective three and nine-month periods in the prior
       year. Gross lease revenue was primarily impacted by lower per-diem rental
       rates and utilization levels. Dry cargo container average per-diem rental
       rates for the three and nine-month periods ended September 30, 1998
       declined approximately 1% and 5%, respectively, when compared to the same
       periods in the prior year. Refrigerated container average per-diem rental
       rates for the three and nine-month periods ended September 30, 1998
       declined approximately 2% and 1%, respectively, when compared to the same
       periods in the prior year.


                                       10
<PAGE>   11
       The Registrant's average fleet size and utilization rates for the three
       and nine-month periods ended September 30, 1998 and 1997 were as follows:


<TABLE>
<CAPTION>
                                                       Three Months Ended                Nine Months Ended
                                                 ------------------------------    ------------------------------
                                                 September 30,    September 30,    September 30,    September 30,
                                                     1998             1997             1998             1997
                                                 -------------    -------------    -------------    -------------
<S>                                              <C>              <C>              <C>              <C>   

Average fleet size (measured in twenty-
    foot equivalent units (TEU))
        Dry cargo containers                            15,554           15,625           15,580           15,554
        Refrigerated containers                          1,132            1,134            1,132            1,138
Average Utilization
        Dry cargo containers                                75%              83%              77%              81%
        Refrigerated containers                             79%              79%              80%              77%
</TABLE>


       Rental equipment operating expenses were 31% and 24%, respectively, of
       the Registrant's gross lease revenue during the three and nine-month
       periods ended September 30, 1998, as compared to 18% and 23%,
       respectively, of the Registrant's gross lease revenue during the three
       and nine-month periods ended September 30, 1997. These changes were
       largely attributable to an increase in costs associated with lower
       utilization levels, including handling, storage and repositioning.

       The Registrant disposed of 25 twenty-foot, eight forty-foot and one
       forty-foot high-cube marine dry cargo containers during the third quarter
       of 1998, as compared to 16 twenty-foot and three forty-foot dry cargo
       containers during the same period in the prior year. The decision to
       repair or dispose of a container is made when it is returned by a lessee.
       This decision is influenced by various factors including the age,
       condition, suitability for continued leasing, as well as the geographical
       location of the container when disposed. These factors also influence the
       amount of sales proceeds received and the related gain on container
       disposals.

       Year 2000

       The Registrant relies upon the financial and operational systems provided
       by the Leasing company and its affiliates, as well as the systems
       provided by other independent third parties to service the three primary
       areas of its business: investor processing/maintenance; container
       leasing/asset tracking; and accounting finance. The Registrant has
       received confirmation from its third-party investor
       processing/maintenance vendor that their system is Year 2000 compliant.
       The Registrant does not expect a material increase in its vendor
       servicing fee to reimburse Year 2000 costs. Container leasing/asset
       tracking and accounting/finance services are provided to the Registrant
       by CCC and its affiliate, Cronos Containers Limited (the "Leasing
       Company"), pursuant to the respective Limited Partnership Agreement and
       Leasing Agent Agreement. CCC and the Leasing Company have initiated a
       program to prepare their systems and applications for the Year 2000.
       Preliminary studies indicate that testing, conversion and upgrading of
       system applications is expected to cost CCC and the Leasing Company less
       than $500,000. Pursuant to the Limited Partnership Agreement, CCC or the
       Leasing Company, may not seek reimbursement of data processing costs
       associated with the Year 2000 program. The financial impact of making
       these required system changes is not expected to be material to the
       Registrant's financial position, results of operations or cash flows.


                                       11
<PAGE>   12
       Cautionary Statement

       This Quarterly Report on Form 10-Q contains statements relating to future
       results of the Registrant, including certain projections and business
       trends, that are "forward-looking statements" as defined in the Private
       Securities Litigation Reform Act of 1995. Actual results may differ
       materially from those projected as a result of certain risks and
       uncertainties, including but not limited to changes in: economic
       conditions; trade policies; demand for and market acceptance of leased
       marine cargo containers; competitive utilization and per-diem rental rate
       pressures; as well as other risks and uncertainties, including but not
       limited to those described in the above discussion of the marine
       container leasing business under Item 2., Management's Discussion and
       Analysis of Financial Condition and Results of Operations; and those
       detailed from time to time in the filings of Registrant with the
       Securities and Exchange Commission.


Item 3.    Quantitative and Qualitative Disclosures About Market Risk

Not applicable.


                                       12
<PAGE>   13
                           PART II - OTHER INFORMATION


Item 1.    Legal Proceedings

           As reported in the Registrant's Current Report on Form 8-K and
           Amendment No. 1 to Current Report on Form 8-K, filed with the
           Commission on February 7, 1997 and February 26, 1997, respectively,
           Arthur Andersen, London, England, resigned as auditors of the Cronos
           Group, a Luxembourg corporation headquartered in Orchard Lea, England
           (the "Parent Company"), on February 3, 1997.

           The Registrant retained a new auditor, Moore Stephens, P.C. on April
           10, 1997, as reported in its Current Report on Form 8-K, filed April
           14, 1997.

           In connection with its resignation, Arthur Andersen also prepared a
           report pursuant to Section 10A(b)(2) of the Securities Exchange Act
           of 1934 as amended, for filing by the Parent Company with the
           Securities and Exchange Commission ("SEC") citing its inability to
           obtain what it considered to be adequate responses to its inquiries
           primarily regarding the payment of $1.5 million purportedly in
           respect of professional fees relating to a proposed strategic
           alliance. This sum was returned to the Parent Company in January
           1997.

           Following the report of Arthur Andersen, the SEC, on February 10,
           1997, commenced a private investigation of the Parent Company for the
           purpose of investigating the matters discussed in such report and
           related matters. The SEC's investigation can result in several types
           of civil or administrative sanctions against the Parent Company and
           individuals associated with the Parent Company, including the
           assessment of monetary penalties. Actions taken by the SEC do not
           preclude additional actions by any other federal, civil or criminal
           authorities or by other regulatory organizations or by third parties.

           The SEC's investigation is continuing, and some of the Parent
           Company's present and former officers and directors and others
           associated with the Parent Company have given testimony. However, no
           conclusion of any alleged wrongdoing by the Parent Company or any
           individual has been communicated to the Parent Company by the SEC.

           The Registrant does not believe that the focus of the SEC's
           investigation is upon the Registrant or CCC. CCC is unable to predict
           the outcome of the SEC's ongoing private investigation of the Parent
           Company.

           As reported in the Registrant's Current Report on Form 8-K, filed
           with the SEC on May 21, 1998, the Parent Company reported that its
           Chairman and CEO, Stefan M. Palatin, was suspended from his duties
           pending the investigation of fraud charges against him by Austrian
           government authorities. On June 8, 1998, the Parent Company's Board
           of Directors removed Mr. Palatin as Managing Director and Chief
           Executive Officer. Mr. Palatin resigned from the Board of Directors
           of the Parent Company on July 6, 1998. Mr. Rudolf J. Weissenberger
           has been appointed to replace Mr. Palatin as an executive director
           and Chief Executive Officer. Also, on June 8, 1998, the Board
           approved a proposal to add two independent directors to the Board.
           The Board engaged legal counsel to provide legal advice and commence
           legal action, if appropriate, against former officers or directors of
           the Parent Company (including Mr. Palatin) if it is determined that
           they engaged in any misfeasance or improper self-dealing.

           Mr. Palatin had been a director of CCC; he resigned from his position
           as director on April 23, 1998.

           CCC further understands that Austrian authorities have initiated
           investigations of persons in addition to Mr. Palatin, including Mr.
           Weissenberger and Dr. Axel Friedberg. The investigations which remain
           pending have not resulted in any action being taken against Mr.
           Weissenberger, and he has informed the Parent Company that he


                                       13
<PAGE>   14
           does not believe that there is any basis for any action to be taken
           against him. Dr. Friedberg has been a non- executive director of the
           Parent Company since 1997. In August 1998, charges were presented
           against Dr. Friedberg. Dr. Friedberg has denied any wrongdoing and,
           on September 14, 1998, filed objections to the charges against him.


Item 3.    Defaults Upon Senior Securities

           See Item 5. Other Information.


Item 5.    Other Information

           In 1993, the Parent Company negotiated a credit facility
           (hereinafter, the "Credit Facility") with several banks for the use
           of the Parent Company and its affiliates, including CCC. At December
           31, 1996, approximately $73,500,000 in principal indebtedness was
           outstanding under the Credit Facility. As a party to the Credit
           Facility, CCC is jointly and severally liable for the repayment of
           all principal and interest owed under the Credit Facility. The
           obligations of CCC, and the five other subsidiaries of the Parent
           Company that are borrowers under the Credit Facility, are guaranteed
           by the Parent Company.

           Following negotiations in 1997 with the banks providing the Credit
           Facility, an Amended and Restated Credit Agreement was executed in
           June 1997, subject to various actions being taken by the Parent
           Company and its subsidiaries, primarily relating to the provision of
           additional collateral. This Agreement was further amended in July
           1997 and the provisions of the Agreement and its Amendment converted
           the facility to a term loan, payable in installments, with a final
           maturity date of May 31, 1998. The terms of the Agreement and its
           Amendment also provided for additional security over shares in the
           subsidiary of the Parent Company that owns the head office of the
           Parent Company's container leasing operations. They also provided for
           the loans to the former Chairman of $5,900,000 and $3,700,000 to be
           restructured as obligations of the former Chairman to another
           subsidiary of the Parent Company (not CCC), together with the pledge
           to this subsidiary company of 2,030,303 Common Shares beneficially
           owned by him in the Parent Company as security for these loans. They
           further provided for the assignment of these loans to the lending
           banks, together with the pledge of 1,000,000 shares and the
           assignment of the rights of the Parent Company in respect of the
           other 1,030,303 shares. Additionally, CCC granted the lending banks a
           security interest in the fees to which it is entitled for the
           services it renders to the container leasing partnerships of which it
           acts as general partner, including its fee income payable by the
           Registrant. The Parent Company did not repay the Credit Facility at
           the amended maturity date of May 31, 1998.

           On June 30, 1998, the Parent Company entered into a third amendment
           (the "Third Amendment") to the Credit Facility. The Third Amendment
           became effective as of that date, subject to the satisfaction
           thereafter of various conditions, including: the Parent Company must
           deliver its audited financial statements for 1997 by a specified date
           and; on or prior to July 30, 1998, the Parent Company must furnish
           proof that any defaults under any other indebtedness have been waived
           and must also furnish various legal opinions, officers' certificates
           and other loan documentation. All of these conditions were fulfilled
           by August 14, 1998. Under the Third Amendment, the remaining
           principal amount of $36,800,000 will be amortized in varying monthly
           amounts commencing on July 31, 1998 with $26,950,000 due on September
           30, 1998 and a final maturity date of January 8, 1999. The Parent
           Company did not repay the amount due on September 30, 1998. The
           directors of the Parent Company currently are holding discussions
           with the lenders to refinance or extend its debt that became due on
           September 30, 1998.

           The directors of the Parent Company also are pursuing alternative
           sources of financing to meet the amended repayment obligations under
           the Third Amendment. Failure to meet revised lending terms would
           constitute an event of default with the lenders. The declaration of
           an event of default would result in further defaults with other
           lenders under loan agreement cross-default provisions. Should a
           default of the term loans be enforced, the Parent Company and CCC may
           be unable to continue as going concerns.


                                       14
<PAGE>   15
           CCC is currently in discussions with the management of the Parent
           Company to provide assurance that the management of the container
           leasing partnerships managed by CCC, including the Registrant, is not
           disrupted pending a refinancing or reorganization of the indebtedness
           of the Parent Company and its affiliates.

           The Registrant is not a borrower under the Credit Facility, and
           neither the containers nor the other assets of the Registrant have
           been pledged as collateral under the Credit Facility.

           CCC is unable to determine the impact, if any, these concerns may
           have on the future operating results and financial condition of the
           Registrant or CCC and the Leasing Company's ability to manage the
           Registrant's fleet in subsequent periods.


                                       15
<PAGE>   16
Item 6.    Exhibits and Reports on Form 8-K

(a)    Exhibits

<TABLE>
<CAPTION>
           Exhibit
              No.                               Description                                            Method of Filing
           -------                              -----------                                            ----------------

<S>                    <C>                                                                        <C>
             3(a)      Limited Partnership Agreement of the Registrant,  amended and restated     *
                       as of December 2, 1992

             3(b)      Certificate of Limited Partnership of the Registrant                       **

             10        Form of Leasing Agent Agreement with Cronos Containers Limited             ***

             27        Financial Data Schedule                                                    Filed with this document
</TABLE>


(b)    Reports on Form 8-K

       No reports on Form 8-K were filed by the Registrant during the quarter
       ended September 30, 1998.






------------------

*      Incorporated by reference to Exhibit "A" to the Prospectus of the
       Registrant dated December 2, 1992, included as part of Registration
       Statement on Form S-1 (No. 33-51810)

**     Incorporated by reference to Exhibit 3.2 to the Registration Statement on
       Form S-1 (No. 33-51810)

***    Incorporated by reference to Exhibit 10.2 to the Registration Statement
       on Form S-1 (No. 33-51810)


                                       16
<PAGE>   17
                                   SIGNATURES


       Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this Report to be signed on its behalf by the
undersigned thereunto duly authorized.




                                     CRONOS GLOBAL INCOME FUND XIV, L.P.


                                     By   Cronos Capital Corp.
                                          The General Partner




                                     By   /s/ Dennis J. Tietz
                                          --------------------------------------
                                          Dennis J. Tietz
                                          President and Director of Cronos 
                                          Capital Corp. ("CCC")
                                          Principal Executive Officer of CCC




Date: November 13, 1998


                                       17
<PAGE>   18
                                  EXHIBIT INDEX


<TABLE>
<CAPTION>
           Exhibit
              No.                               Description                                            Method of Filing
           -------                              -----------                                            ----------------

<S>                    <C>                                                                        <C>
             3(a)      Limited Partnership Agreement of the Registrant,  amended and restated     *
                       as of December 2, 1992

             3(b)      Certificate of Limited Partnership of the Registrant                       **

             10        Form of Leasing Agent Agreement with Cronos Containers Limited             ***

             27        Financial Data Schedule                                                    Filed with this document
</TABLE>







------------------

*      Incorporated by reference to Exhibit "A" to the Prospectus of the
       Registrant dated December 2, 1992, included as part of Registration
       Statement on Form S-1 (No. 33-51810)

**     Incorporated by reference to Exhibit 3.2 to the Registration Statement on
       Form S-1 (No. 33-51810)

***    Incorporated by reference to Exhibit 10.2 to the Registration Statement
       on Form S-1 (No. 33-51810)