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Logistics expansion: ITE adds 20,000 chassis to intermodal platform via NACPC deal
['Stuart Chirls', 'July', 'Min Read']
Yahoo Finance
Transportation asset manager ITE Management L.P. announced the acquisition of North American Chassis Pool Cooperative, expanding its premium chassis platform to national scale with broad market coverage for intermodal customers.
Privately-held NACPC of Nashville operates 20,000 chassis serving major intermodal markets across North America.
The strategic consolidation gives ITE a roughly 30% share of the 200,000 chassis operated as part of cooperative pools; chassis availability has been a recurring bottleneck in drayage and port operations.
West Coast chassis pools in Southern California are moving from a "pool of pools" model to a more fragmented structure as shipper seek reliable availability.
ITE emphasized its fleet offers coast-to-coast coverage, and a broad range of solutions spanning term leases, daily rentals, chassis pools, and customized programs.