Transportation & Logistics International - Winter 2017 - 70
TRUCKING & FREIGHTING
"Only the highest-performance chassis are part of the TPCP, ensuring customers have access to reliable equipment." -Val Noel, COO
AFTER TAKING OVER
THE CHASSIS MARKET,
TRAC INTERMODAL IS
TO MAKE THE PICK-UP
AND DROP-OFF EXPERIENCES MORE EFFICIENT
BY TIM O'CONNOR
When people think of cargo transportation they think about big ships
pulling into port, railroads crossing the
countryside and semi-trucks navigating
spaghetti-like highway interchanges.
But between those areas lies the connective fabric that links the transportation
modes together: the chassis that containers ride on as they move from ship
to rail to final destination. As the cargo
industry changes, TRAC Intermodal
has become the largest chassis pool
manager and chassis supplier in North
America, making it an invaluable part of
the supply chain.
TRAC Intermodal traces its history
back to 1968, when its precursor, Interpool Limited, began leasing dry freight
containers to shipping lines. From there
chassis were added to the portfolio
and then in 2007, Fortress Investment
Group acquired the company. After the
acquisition, the container business was
split off from the chassis business and a
new company called Seacastle Chassis
was formed, which became TRAC Intermodal three years later.
The name change coincided with
major shifts in the shipping industry.
Around the same time, the world's ocean
TLIMAGAZINE.COM WINTER 2017
// The quality of TRAC's chassis is the primary
way the company creates a competitive
advantage for itself.
carriers began exiting the chassis market. "In our industry, prior to 2011, the
ocean carriers in our country would typically provide the chassis as part of the
service they sold moving a customer's
goods from their ship to the customers
distribution centers," CEO Keith Lovetro
says. Lovetro also indicated, "today
the steamship lines no longer want to
provide chassis as part of their services.
Moving away from chassis provisioning
is an evolving change that has been going
on for the past five years and will likely
continue for another two to three years."
The rising cost of supplying and
maintaining chassis fleets forced ocean
carriers out of that market. The country's three primary chassis solutions
providers, including TRAC Intermodal,
-------------------------------------- [ PROFILE ]
Headquarters: Princeton, N.J.
Specialty: Pool management and chassis
supplier for the intermodal industry