TRAC Intermodal Marks 50 Years
This year, TRAC Intermodal celebrates 50 years of delivering high-quality products and innovation since its founding in 1968 as Interpool, Ltd.TRAC Intermodal has been helping transform the global supply chain for half a century through advances in engineering, product design and the latest technologies. TRAC’s progress has been intertwined with the growth of intermodal transportation, helping facilitate global trade and economic development.“TRAC has always been at the forefront of delivering innovative products and solutions to support the intermodal industry…
TRAC Intermodal Acquires Core Fleet's Tire Services Division
TRAC Intermodal announced that it has completed its acquisition of assets relating to the tire services division of Core Fleet, Inc. The acquisition will allow TRAC Intermodal, through its newly formed subsidiary, TRAC Tire Services LLC, to provide tire wholesale, service, parts distribution and retreading to the intermodal and commercial trucking industries. Headquartered in Florence, KY, Core Fleet, Inc. is a nationwide service provider for commercial fleets. Core began operations in 2008 as Retread America.
TRAC Intermodal Named a Best Chassis Provider
The Association of Bi-State Motor Carriers has recognized TRAC Intermodal as both the Best Overall Chassis Provider in the Port of New York-New Jersey and for Outstanding Customer Service for the third consecutive year. James Bowe, TRAC Intermodal’s Senior VP and Chief Commercial Officer, also received the Dick Jones Award for Outstanding Assistance and Customer Service.When presenting the award, Bi-State Motor Carriers President Jeff Bader acknowledged that, "providing drivers with reliable…
Polli to Replace Lovetro as TRAC Intermodal CEO
TRAC Intermodal announced that Keith Lovetro, President and Chief Executive Officer, will retire on July 31, 2018. Jennifer Polli has been named to replace Lovetro as President and Chief Executive Officer effective August 1, 2018.Lovetro, who has led the company since joining in 2011, solidified TRAC Intermodal as a leading provider of intermodal equipment and services.Polli, who joined TRAC in 2012, has been a member of TRAC’s executive leadership team and has led multiple business functions at the ccompany, including pricing, asset management, marketing and product development.
TRAC Adds 2,000+ Chassis to Gulf Region
To support the expected surge in U.S. resin exports and increased volume in the Gulf region, TRAC Intermodal is adding over 2,000 new and fully-refurbished premium chassis to its Gulf Regional Pool (TGRP), with more equipment additions planned for later this year. This investment is part of TRAC’s broader Fleet Modernization program aimed at making premium equipment readily available to motor carriers at strategic locations.The TGRP, with more than 20,000 chassis, offers the largest and most modern fleet of equipment serving the Houston, Dallas, Mobile, New Orleans and El Paso markets.
TRAC Intermodal Continues Fleet Investment
TRAC Intermodal announced it is continuing its investment in its fleet modernization program by adding 16,000 premium chassis in 2018.TRAC said 8,000 new and 8,000 fully-refurbished chassis featuring LED lights, OEM tires, new brake systems and all-new wiring harnesses are being added to its fleet serving key markets. The company will be supplying this equipment throughout 2018.The company began its fleet modernization program in 2015. Since then, more than 40 percent of its Metro Pool…
TRAC Intermodal Adds Chassis with Gensets
TRAC Intermodal has introduced a new product that combines a new Carrier underslung genset with a premium 40-foot marine chassis.These pre-mounted genset-chassis are available through the TRAC Select pool at a convenient location in the New York/New Jersey port complex. The genset-chassis product will be expanded to the Los Angeles/Long Beach port complex in June.The new genset-chassis is focused on improving efficiency by providing a one-stop solution for motor carriers to pick up a chassis already equipped with a genset…
TRAC Adds 700 Chassis to Port of NY/NJ
To support the continued cargo growth and demand for chassis in the NY/NJ Port, TRAC Intermodal is adding 700 new chassis to its Metro Pool, providing customers with easy access to high-quality equipment.The 700 new chassis are in addition to the thousands of refurbished chassis TRAC has already added to the Metro Pool. Over 40 percent of TRAC’s Metro Pool chassis fleet has now been upgraded with new or refurbished chassis, making this fleet one of the most modern and reliable in the Port.
TRAC Intermodal Doubles Mobile Service Unit Fleet
TRAC Intermodal said it is doubling the size of its Mobile Service Unit (MSU) truck fleet to help accelerate chassis repairs and increase intermodal shipment velocity at key rail ramps across the country.TRAC established its MSU program in 2016 to help ensure that high-quality, roadable chassis are readily available for customers. The MSU program adds needed repair capacity in select markets and has been expanded each year since it was launched.“TRAC is committed to providing…
TRAC Intermodal Joins Blockchain Initiative
TRAC Intermodal has joined the Blockchain in Transportation Alliance (BiTA), an organization for the development of blockchain standards and education for the transportation industry, with the goal of bringing together leading companies that are committed to developing blockchain technology. “TRAC Intermodal has joined BiTA to better understand the role that blockchain can play in improving transparency and creating greater efficiencies among all the stakeholders in chassis provisioning,” said Keith Lovetro, President and Chief Executive Officer at TRAC Intermodal.
Union Pacific Names TRAC Interstar Preferred Road Service Provider
Union Pacific has named TRAC Interstar as its preferred national provider of emergency road service covering the entire U.S. Motor carriers can select TRAC Interstar when calling Union Pacific’s Road Service Number. The agreement was effective March 12, 2018. A subsidiary of TRAC Intermodal, TRAC Interstar is a provider of emergency road service repair solutions for the intermodal and commercial trucking industries. TRAC Interstar’s dedicated call center operates 24/7/365 and uses a proprietary dispatch system to provide response and repair services.
TRAC Intermodal Gears Up for Gulf Coast Resin Exports
TRAC Intermodal is expanding and improving the quality of its chassis fleet in the Gulf Region to meet an expected surge in U.S. resin exports. The TRAC Gulf Regional Pool (TGRP) now offers the largest and most modern fleet of chassis in the ports of Houston, Dallas, Mobile, New Orleans and El Paso as well as several other locations. TRAC has refurbished over 20 percent of its TGRP fleet to ensure that customers have access to the highest quality and most reliable chassis in the Gulf port complex.
TRAC Intermodal Helps Fuel NY/NJ Cargo Growth
TRAC Intermodal said it has made significant investments to expand and improve the quality of its Metro Pool chassis fleet in order to support the record growth in the NY/NJ port. TRAC said it has refurbished thousands of chassis to “like new” condition to ensure customers receive the highest quality and most reliable chassis available. The refurbished equipment features LED lights, OEM tires, new brake systems, all new electrical wiring and are painted TRAC Blue. “We have upgraded over 35 percent of our Metro Pool fleet and will continue to do so until the entire fleet has been refurbished…
TRAC Intermodal Named Top NY/NJ Chassis Provider
For the second year in a row, the Association of Bi-State Motor Carriers has named TRAC Intermodal the Best Overall Chassis Provider in the Port of New York-New Jersey for 2017. TRAC said it has made significant investments in its Metro Pool fleet and network of chassis yard facilities that service the NY-NJ market. Over 30 percent of the more than 17,700 chassis operating in the Metro Pool have been refurbished to like-new condition with LED lights, new tires/rims, electrical systems, brakes, improved airing systems and other enhancements.
TRAC Intermodal Unveils Two New Mobile Apps
TRAC Intermodal has introduced two new mobile applications that set out to improve and simplify customer access to emergency road service and online chassis booking: TRAC Interstar’s road service app, RoadStar, and TRAC Intermodal’s EZBook 2.0 app. The RoadStar app provides motor carriers with real-time visibility and tracking of their emergency road repair requests and provides seamless updates to all parties in the repair chain. Customers gain added confidence and peace of mind knowing that their repair requests have been received and quick actions have been taken…
TRAC Select Expands at US’ Largest Ports
TRAC Intermodal said it is expanding availability of its TRAC Select offering to meet growing demand among customers serving the country’s busiest ports including the Los Angeles/Long Beach and New York/New Jersey ports. Launched in February, TRAC Select is a premium chassis pool fleeted with a wide array of specialty chassis and services to meet specific customer and marketplace needs. Increased demand for TRAC’s specialized equipment at West Coast ports is driven by surging chassis volume during the current peak season…
TRAC Intermodal Upgrades Chassis Booking Portal
Aiming to improve the user experience in booking chassis, TRAC Intermodal has upgraded EZBook, its web-based portal for daily chassis rentals. The new EZBook 2.0 enhancements make booking a chassis easier and faster and give the user more control over the entire transaction. EZBook 2.0 is now optimized for use on multiple device types – e.g., smart phones, tablets, etc. The web address for EZBook remains the same so there is no need to update the URL for your web browser. Access EZBook at https://ezbook.tracintermodal.com.
TRAC Intermodal Grows Refurbished Chassis Fleet
TRAC Intermodal has announced that they have grown their “like new” refurbished chassis to over 30 percent of their Metro Pool fleet. These TRAC blue chassis have been refurbished to like-new quality with LED lights, new tires/rims, new electrical systems, new brakes, new airing systems and additional features making the TRAC fleet some of the newest and most reliable chassis operating in the Port. TRAC’s Metro Pool has an extensive footprint covering all of the NY/NJ Port, Philadelphia, Baltimore, New England and western New York State.
IICL Elects Lovetro as Chairman
The Institute of International Container Lessors (IICL) announced that Keith Lovetro, President and Chief Executive Officer of TRAC Intermodal, has been elected to the position of Chairman of the IICL for 2017, succeeding Simon Vernon, President of Triton Intermodal Limited. Lovetro began his career in the Transportation Industry in 1980 and has over 34 years of management and leadership experience. During that time, he has worked in the Regional LTL segment, and the Ground Parcel, Air Express, Integrated Air Freight and Air Freight forwarding segments.
TRAC Intermodal: Marine Chassis Conversions Underway
To help meet customer needs in the greater Mobile, Ala. market, TRAC Intermodal is converting marine chassis in its fleet from bias ply to radial tires. The program, begun in December 2016, will be completed by the end of March. TRAC’s customers in the Mobile market often face long hauls, heavy loads and hot weather conditions that require high-quality, reliable equipment. Radials provide customers with many benefits over bias ply tires including better quality and performance, improved fuel economy, greater durability and reduced off the road downtime.
New Lightweight Marine Chassis for the Houston Market
New lightweight marine chassis have been introduced by TRAC Intermodal for use in the Houston market. The new chassis, designed to help motor carriers move heavier container loads and still comply with vehicle weight regulations for U.S. roadways, will serve TRAC’s private pool and customer leases in Houston. Motor carriers in the greater Gulf region want to move larger loads of ethylene-based plastic resins to meet growing export demand for this product. New factories have ramped…
TRAC Intermodal Debuts New Chassis Pool
TRAC Intermodal has introduced TRAC Select, a premium chassis pool fleeted with a wide array of specialty chassis and services to meet specific customer and marketplace needs. TRAC Select is designed to provide equipment choice to motor carriers, Beneficial Cargo Owners and NVOCCs. “The introduction of TRAC Select is the latest in a series of customized product and service offerings that we’ve launched this year to meet the specialized, market-by-market needs of our customers,” said Keith Lovetro, President and Chief Executive Officer at TRAC Intermodal.
TRAC Intermodal Mulls Sale or IPO
TRAC Intermodal LLC is exploring a sale or an initial public offering (IPO) after pulling a $485 million bond offering last week, reports WSJ quoting the chief executive Keith Lovetro. Princeton, N.J.-based TRAC, one of the largest leasing companies for trucking equipment, owns about 315,000 intermodal chassis —steel frames with wheels that hook up to truck tractors. TRAC enlisted Morgan Stanley to sell the debt, with $325 million earmarked for a dividend to private equity firm Fortress Investment Group LLC, which bought the company in 2007, earlier this month.
Cohen Joins DCLI as VP of Sales for Steamship Lines
Direct ChassisLink, Inc. (DCLI) announced that Debbie Cohen has joined the company as Vice President of Sales - Steamship Lines, reporting to CMO Jeremy Haycock. As Vice President, Sales – Steamship Lines, Cohen will head up the Steamship Line Vertical, Haycock said. “Debbie’s most recent role was VP, Strategic Sales for TRAC Intermodal, a role in which she served for approximately two years. Prior to joining TRAC, Debbie worked at Pacer International for 13 years, primarily in various business development roles.
Horizon Lines Expands Board of Directors
Board to expand to eleven from eight; seven New Board Members Join Four Existing Directors; Four Directors Retire. Horizon Lines, a domestic ocean shipping company, today announced that it will expand its Board of Directors to 11 members from eight, effective November 25, 2011. In conjunction with the expansion, seven new directors will be appointed and four of the existing eight directors will retire. • Jeffrey A. Brodsky, Kurt M. Cellar, Carol B. Hallett, James LaChance, Steven L. Rubin, Martin Tuchman and David N. Weinstein will join the board as independent directors.
FMC Commissioner Doyle Weighs In
Commissioner William P. Doyle's remarks at the Commission Briefing on Mid-Atlantic and Northeast Port Congestion Forum, November 13 2014 in Baltimore, MD. On October 1, 2014, Commissioner Lidinsky and I hosted the Mid-Atlantic and Northeast Port Congestion Forum at the World Trade Center in Baltimore, Maryland. I want to thank all the FMC staff for their participation in setting up and managing the day’s event. David Tubman and Jewel Jennings-Wright worked tirelessly for weeks helping to locate attendees and participants. Thank you both.