Company History

The genesis of TRAC Intermodal was the formation in 1968 of “Interpool Limited”, a container leasing company that provided dry freight containers under long term leases to the world’s largest shipping lines. In 1986, with a fleet of approximately 35,000 chassis, the founders of Interpool Limited formed “Trac Lease, Inc.” in order to take advantage of the growing demand on the part of the shipping lines and trucking companies for chassis rentals .  Two years later, “Interpool, Inc.” was formed as the parent company of the container and chassis businesses and in 1993, after a successful public offering, Interpool, Inc. began trading on the New York Stock Exchange under the ticker symbol “IPX”.

Interpool, Inc. remained a public company for the next 14 years until it was acquired in July, 2007 by funds managed by affiliates of Fortress Investment Group LLC (NYSE: FIG). Upon the Fortress acquisition, the chassis business was rebranded as “Seacastle Chassis” to identify its connection with its affiliated container leasing and ship leasing businesses.  Three years later, on August 2, 2010, following the confluence of several events including the expansion by the Company of its operating capabilities and product offerings, the Company was again rebranded, this time as “TRAC Intermodal”.

Today, TRAC Intermodal’s active fleet consists of approximately 245,000 chassis and containers. TRAC Intermodal is one of the  largest providers of marine and domestic intermodal equipment throughout the United States, Canada and Mexico. The Company’s offerings include long term leasing, short term rentals through extensive neutral pool programs and pool/fleet management through the utilization of the Company’s proprietary PoolStat® system.  From its beginnings in 1968 through today, by fostering of a culture of teamwork, accountability, integrity and innovation, TRAC Intermodal has remained a leading provider of assets and services to the intermodal industry.