Hanjin Shipping’s collapse has left US motor carriers and intermodal equipment providers scrambling to limit their financial exposure and wondering what to do.
23 Aug 2016
LA-LB terminal operators decide to individually negotiate hosting arrangements with chassis-leasing companies.
16 Aug 2016
Show-cause petition by equipment lessors charges LA-LB proposed chassis services fee violates Shipping Act.
08 Apr 2016
International Longshoremen’s Association leader Dennis Daggett said the ILA isn’t to blame for delays in launching a universal port chassis pool at the Port of New York and New Jersey, and that intermodal equipment providers don’t seem committed to the idea.
07 Apr 2016
A proposed universal chassis pool at the Port of New York and New Jersey is dead in the water, but chassis lessors haven’t given up on the idea, an executive at one of the leasing companies told truckers Thursday.
30 Mar 2016
TRAC Intermodal, the largest U.S. chassis lessor, has canceled plans for a $485 million bond offering that would have been used mainly to pay a cash dividend to owner Fortress Investment Group.
29 Mar 2016
United Arab Shipping Co. has appointed TRAC Intermodal as the carrier’s sole chassis provider in the United States. Stuart Sandlin, president of UASC North America, said using a single chassis provider will benefit customers and make UASC more competitive in quoting carrier haulage rates under which the ship line arranges inland transportation.
01 Mar 2016
TRAC Intermodal, the largest provider of chassis in the U.S., has acquired Interstar Fleet Services, a provider of emergency road service repair service.
11 Feb 2016
Chassis provider TRAC Intermodal and a technology provider have unveiled cloud-based software designed to allow intermodal equipment providers and motor carriers to automate billing and reconcile invoices.
02 Apr 2015
TRAC Intermodal is forming its own chassis pool in Southern California, but the new entity will be added to the “pool of pools,” or neutral chassis arrangement, that was launched at the ports on March 1.
04 Feb 2015
TRAC Intermodal has unveiled an upgraded service that provides higher-quality intermodal chassis that the company says will be pre-inspected and “green-tagged” so truck drivers can pick them up without waiting for repairs.
09 Jan 2015
TRAC Intermodal, the largest lessor of intermodal chassis, is being offered for sale by Fortress Investment Group, the private equity company that acquired the company seven years ago.
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