History
The North American Chassis Pool Cooperative, LLC., (NACPC) a limited liability company organized pursuant to the Delaware Limited Liability Company Act, was incorporated on October 3rd, 2012. The Company was formed by a group of 12 U.S. motor carriers received approval from the U.S. Surface Transportation Board on January 22nd, 2013, to commence operations as a joint venture chassis pool cooperative.
Mission
As defined by its founding members, NACPC’s mission is to establish an effective chassis supply utility that will be implemented on a national basis to support the U.S. intermodal container network with efficient chassis supplies, a modernized chassis fleet and a transparent set of economics and terms of use that will benefit all users. Cooperative membership is open to qualified motor carriers.
Overview
With its STB Pooling authority, NACPC began to acquire and lease intermodal chassis, contributing these chassis into chassis pools in the U.S. An important objective of NACPC is to preserve the interoperable/"gray pool" low-cost and efficient chassis pool model previously established by the ocean carriers under their agreement the Ocean Carrier Equipment Management Association, Inc. (OCEMA). By pooling its motor carrier owner resources, NACPC can achieve important cost savings concerning not only the acquisition and leasing of chassis but also the requisite insurance costs and the costs of chassis modernization and refurbishing which have always been part of its strategic operations plan.
Interoperable/"gray pools" allow motor carriers to use any chassis from the pool regardless of which contributor owns the chassis. The interoperable/gray pool model is the most cost-effective and efficient pool model as it eliminates duplicative costs and maximizes the use of limited space at port and/or inland intermodal locations by obviating the need for a contributor to have its own chassis storage facility. It also ensures the maximum utilization of chassis in the market facilitating an adequate supply of chassis for all users. The pool manager is responsible for chassis logistics, billing, inventory supply, maintenance and repair, and the repositioning of the chassis, but usage arrangements are determined between the chassis contributor and its user. Most importantly, interoperable/gray pools foster competition by allowing motor carrier users to select from more than one chassis supplier.
In pursuit of its strategic business objectives, NACPC took significant strides in early 2013 by implementing a pilot program within the Mid-South Consolidated Chassis Pool located in Memphis and Nashville, Tennessee, as well as Huntsville, Alabama. In February 2013, NACPC made headlines with the announcement of its agreement to acquire Intermodal Chassis from China Ocean Shipping Company (COSCO). The infusion of thirteen hundred chassis into the MCCP in April 2013, marked NACPC’s operational landscape, highlighting its commitment to growth and quality. Fast forward to the present, NACPC has emerged as a leader in the industry, currently overseeing the operation of a fleet exceeding 24,000 chassis. This encompasses both shared and premium pools, complemented by leasing agreements with Motor carriers, BCOs (Beneficial Cargo Owners), and 3PLs (Third-Party Logistics providers).
In October 2023, NACPC further demonstrated its commitment to overcoming challenges within the chassis paradigm by unveiling the Memphis Pool of Choice (MPOC). Positioned as an interoperable, multi-contributor pool, MPOC stands as a testament to NACPC in welcoming intermodal equipment providers (IEPs) to participate. This initiative reflects NACPC's forward-thinking and positions the company at the forefront of industry-wide collaboration and innovation.
UIIA
On April 1, 2013 NACPC became a new Equipment Provider under the Uniform Intermodal Interchange and Facilities Access Agreement (UIIA). NACPC will utilize UIIA for the administration of the interchange contract and collection of insurance for motor carriers with whom they do business.
Board of Directors
NACPC’s Board has authorized future acquisitions and is engaged with suppliers and leasing companies to expand its contributory chassis fleet. NACPC anticipates that some prospective new members may join its unique cooperative and contribute their chassis to the NACPC gray pool fleet.
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