TRAC Intermodal Announces the Sale of their National Domestic Pool
PRINCETON, N.J., Oct. 25, 2017 /PRNewswire/ — TRAC Intermodal, the nation’s leading intermodal Pool Manager and Chassis Supplier, announced today that it has entered into an agreement to sell its domestic chassis fleet and related customer contracts and hosting agreements to Direct ChassisLink Inc. (DCLI). TRAC Intermodal expects the transaction to close in January 2018, subject to customary closing conditions and regulatory approval.
TRAC Intermodal will continue to own and manage their industry leading Marine intermodal business which has a broad operating footprint of over 600 marine locations, an active fleet of over 177,000 chassis, 9 TRAC Neutral Pools, 60 depot locations and 8 TRAC Service Centers.
“TRAC Intermodal is committed to providing our customers with the highest quality, most reliable equipment in the Marine Intermodal business,” said Keith Lovetro, President and Chief Executive Officer at TRAC Intermodal. Mr. Lovetro went on to say, “We continue to make significant investments in our Marine fleet, our network of Service Centers and our Emergency Road Service business to ensure that our customers receive the best possible service available.”
About TRAC Intermodal
TRAC Intermodal is the nation’s largest intermodal chassis pool manager and equipment supplier for International transportation companies. TRAC Intermodal’s active Marine fleet consists of over 177,000 Marine chassis. TRAC Intermodal has a broad operating footprint with over 600 marine locations, 8 Service Centers and 60 depot locations across North America.