Six major companies in the railway and intermodal supply space have reported developments in joint ventures and charitable works.
TRAC Intermodal has named Kenneth Forster as Chief Executive Officer at subsidiary FYX Fleet Roadside Assistance, a provider of emergency fleet services for the intermodal and over-the-road trucking industries. Forster, whose appointment is effective Feb. 8, 2021, replaces FYX Vice President Rodney Goderwis, who is retiring. He will report to TRAC Intermodal CEO Daniel Walsh.
TRAC Intermodal, North America’s largest marine and specialty chassis pool manager and equipment provider, offers a case study on how its Metro Pool chassis pool model at the Port of NY/NJ “has supported significant increases in container cargo volumes over the past few years.” The study, “Port of NY/NJ Chassis Pool Model Success in the Face of Record Cargo Growth,” according to CEO Daniel Walsh, “identifies ways in which the Port’s chassis provisioning model along with our quality fleet care programs have enabled port growth and offer motor carriers ready access to safe, high-quality equipment, operational efficiencies and equipment choices to meet their needs.”
It’s not the plastic water bottle that causes the most harm to sea birds, but the cap, which is mistaken for food. A non-profit in Hawaii ensured that more than 1.2 million plastic caps and lids will never get into the environment and harm sea birds by taking action to collect and recycle them. But this is no ordinary type of recycling, which aims to turn a plastic product back into another plastic product with the addition of more plastic.
TRAC Intermodal announced that President and CEO Jennifer Polli will leave the company on Sept. 1, and Daniel Walsh, formerly President of the Last Mile business at XPO Logistics, will assume her titles.
Stonepeak Infrastructure Partners has completed the previously announced transaction to acquire TRAC Intermodal and its subsidiaries from investment funds managed by an affiliate of Fortress Investment Group LLC on March 27, 2020.
Stonepeak Infrastructure Partners has entered into a binding agreement to acquire intermodal infrastructure provider TRAC Intermodal (TRAC) and its subsidiaries from investment funds managed by an affiliate of Fortress Investment Group LLC. “The transaction will provide Stonepeak with an industry leader to strengthen its infrastructure and transportation market portfolio and TRAC with a new sponsor and support for future growth,” Stonepeak said. “TRAC’s existing management team will continue to run the business in their current capacities.”
Trac Intermodal, North America’s largest provider of intermodal marine equipment and biggest chassis pool manager, is adding more than 16,000 new and fully refurbished chassis to its various regional fleets, continuing a major modernization program that began in 2015 “to provide the intermodal industry with ease of access to high-quality equipment.”
TRAC Intermodal 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,” the company announced in late April.
Union Pacific has named TRAC Intermodal LLC subsidiary TRAC Interstar LLC as its preferred national provider of emergency road service, covering the entire U.S. Motor carriers can select TRAC Interstar when calling UP’s Road Service Number, 1-877-250-1933.