This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Intermodal Group Wins STB Approval For Chassis Pool Plan

NASHVILLE, Tenn., Feb. 4, 2013 /PRNewswire-USNewswire/ -- Today, the North American Chassis Pool Cooperative, LLC announced that its cooperative chassis pooling agreement has been approved by the Surface Transportation Board, clearing the way for the group's members to begin pooling chassis for intermodal freight transportation.

"With this approval in place, NACPC will start working with ocean carriers and equipment leasing companies to buy or lease chassis for carriers to use and contribute to pools now managed by OCEMA's Consolidated Chassis Management, LLC.," said Dave Manning, NACPC chairman and president of TCW and Tennessee Express based in Nashville. "We are committed to preserving the existing open gray pool contributory model so it can continue to efficiently serve the U.S. intermodal network and supply chain."

NACPC was formed with the goal of establishing an effective chassis supply utility that can be implemented on a national basis to support the U.S. intermodal network with efficient chassis supplies, a modernized chassis fleet, and a transparent set of economics and terms of use that will benefit all users.

"Roughly 40% of the chassis used by motor carriers are more than 15 years old," Manning said. "So as stewards of this equipment, NACPC plans to refurbish and upgrade this equipment with radial tires, auto inflation devices and improved braking and lighting systems. These equipment improvements are expected to reduce long-term maintenance costs and improve federal Roadability safety compliance. Equipment improvements will also provide energy savings and environmental benefits by reducing chassis repositioning distances and lowering truck transport emissions.  A modernized chassis will also increase driver productivity by reducing waiting delays that often occur today because equipment offered for interchange still needs repair before drivers can safely transport container freight to their customers.

NACPC member companies are California Multimodal, LLC; Containerport Group, Inc.; Devine & Son Trucking Co., Inc.; Eagle Systems, Inc.; G & P Trucking Company, Inc.; Intermodal Cartage Co., Inc.; Reliable Transportation Specialists, Inc.; Tennessee Express, Inc.; Tri-Modal Distribution Services, Inc.; and Triple G Express, Inc. NACPC membership is open to qualified motor carriers.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,943.81 +28.74 0.17%
S&P 500 1,967.57 +2.89 0.15%
NASDAQ 4,415.49 +19.2860 0.44%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs