The North American Chassis Pool Cooperative Expands Partnership with PowerFleet to Use Real-Time Data to Ease Port Congestion and Improve Intermodal Operations

The Renewed Relationship Aims to Strengthen NACPC’s Smart Technology Offerings

WOODCLIFF LAKE, NJ – August 15, 2022 – PowerFleet, Inc. (Nasdaq: PWFL) a global leader of Internet-of-Things (IoT solutions) that manage enterprise assets for seamless business operations, today announced the renewal and expansion of its partnership with North American Chassis Pool Cooperative, LLC (NACPC). Following its recent acquisition of manufacturer Pratt Intermodal Chassis, NACPC has chosen PowerFleet as one of its major technology partners for chassis tracking and monitoring, which enables NACPC to address the extraordinary demand for high-quality chassis with the latest technology to help relieve pressure at ports across the country.

The partnership will increase real-time visibility within NACPC’s nation-wide network of chassis pools and products, helping customers maximize their equipment utilization. Together with PowerFleet, NACPC is looking to provide its customers with increased value and security, particularly within first and last mile visibility. By offering chassis monitoring solutions and data integration, NACPC increases its revenue opportunities as the need for chassis grows.

“What makes PowerFleet stand out has always been their responsiveness, creativity, problem-solving mindset to provide innovative solutions for our industry’s challenges and improvement opportunities,” said Jeffrey Dudenhefer, Chief Operating Officer of NACPC. “Investing in smart technologies has always been a priority of ours. In addition to their reliable hardware, we can greatly improve our data integration capabilities with their innovative software platform. PowerFleet offers one of the best product solutions in the market. NACPC is excited to bring this technology to our customers, working together with PowerFleet to bring forward additional smart chassis solutions to our industry.”

“We’re thrilled to continue our long-standing relationship with NACPC as they scale up their chassis technology solutions with us,” said Matt Harris, Vice President of Account Management, PowerFleet. “We’re proud to work alongside the team at NACPC to come up with the right solutions to address their customers’ most important challenge – finding available chassis to keep cargo moving along the supply chain.”

To learn more about PowerFleet’s solutions, visit www.powerfleet.com.

 

About PowerFleet

PowerFleet® Inc. (NASDAQ: PWFL; TASE: PWFL) is a global leader of subscription-based wireless solutions that secure, control, track, and manage high-value enterprise assets. PowerFleet’s patented technologies are the proven solution for organizations that must monitor and analyze their assets to improve safety, increase efficiency, reduce costs, and drive profitability. Our offerings are sold under the global brands PowerFleet, Pointer, and Cellocator. PowerFleet’s global headquarters are in Woodcliff Lake, New Jersey, with additional offices around the globe. For more information, please visit www.powerfleet.com, the content of which does not form a part of this press release.

PowerFleet Investor Contact

Matt Glover

Gateway Investor Relations

PWFL@gatwayir.com

(949) 574-3860

PowerFleet Media Contact

Calen McGee

(908) 461-0266

powerfleet@n6a.com

NACPC Acquires Pratt Industries Intermodal Line of Business

Nashville, TN (December 6, 2021) – The North American Chassis Pool Cooperative (NACPC) today announced the acquisition of Pratt Industries Intermodal Chassis. The company, now named “Pratt Intermodal Chassis, LLC.,” will operate as a subsidiary of NACPC.

“This acquisition sets NACPC – and our customers – up for success for years to come,” said Dave Manning, President & CEO, NACPC. “Our goal is and always has been to provide at-cost pricing of high-quality chassis to customers throughout the United States. Bringing this critical manufacturing component under our control allows us to achieve that goal, especially in such a demanding supply chain environment. We’re looking forward to what this means for relieving pressure at ports across the country and supplying our customers with the best available product. We have struggled to meet our customers chassis needs this year because of the lack of chassis production availability. Owning our own chassis manufacturing company will allow us the ability to meet our customer’s needs.”

In addition to acquiring the Pratt inventory and infrastructure, NACPC will also own, operate, and maintain the chassis manufacturing facility, located in Niles, Michigan, providing customers with a vertically integrated intermodal solution and NACPC with real-time insights and data about production, quantities, and quality of equipment. The facility currently is capable of producing 5,000 chassis per year. NACPC has plans to invest heavily in streamlining facility operations and ramping up production capabilities to produce up to 7,000 chassis in 2022.

“This new chapter for NACPC gives us better control of the operations and logistics of providing premium chassis to our customers,” said Jeffrey Dudenhefer, Executive Vice President, NACPC. “At this time, especially with the challenges the entire industry is facing, it made strategic sense for the company to bring chassis production under NACPC. We’re proud of the team who facilitated all of the behind-the-scenes of the acquisition process.”

Pratt was founded in 1973 by Bill Pratt and his father, Bob Pratt. Today, the company has a worldwide reputation for high-quality equipment and its chassis can be found in every major fleet in the United States. Nashville-based private equity firm, LFM Capital, acquired Pratt Industries in 2018 and will retain the company’s large custom and specialty utility trailer business based in Bridgman, Michigan.

 

NACPC Adds 1,000 New Chassis to Fleet in SACP to Accommodate Growing Demand for Equipment

Nashville, TN (May 23, 2018) – Due to growing demand, The North American Chassis Pool Cooperative (NACPC) is announcing the addition of 1,000 units to the South Atlantic Chassis Pool (SACP). These are all CIMC constructed chassis with LED lights, ABS, and OEM Radial tires and will all be operational by June 1st, 2018.

The new chassis would be an addition to the current pool operated by Consolidated Chassis Management (CCM) in SACP, which services a large region from Wilmington, North Carolina, to Jacksonville, and West to Atlanta.


About NACPC

The North American Chassis Pool Cooperative, or NACPC, was founded in 2012 with the goal of providing a modern fleet of chassis to users with at cost pricing. The cooperative is committed to supporting the U.S. intermodal container network with an efficient chassis inventory. Use of NACPC chassis is open to all qualified motor carriers.

Contributory “gray pools” allow users to draw any chassis from the pool regardless of ownership. The contributory pool model thus 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 an adequate supply of chassis for all users.

Contributory gray pools foster competition by allowing motor carrier users to select from more than one chassis provider.

The pool managers are responsible for chassis logistics, inventory supply, maintenance and repair and the repositioning of the chassis, but usage arrangements are determined between the chassis contributor and its user.

Currently, NACPC operates more than 20,000 chassis in five CCM managed pools; MCCP, COCP, MWCP, GCCP and SACP as well as the new OCEAN-N pool; governed by FlexiVan and NACPC, where data is managed by CCM and M& R is managed by FlexiVan.

OCEA-N Pool to Start May 14th

Open Choice Equipment Agreement – Northeast

FlexiVan and NACPC are pleased to announce that OCEA-N pool operations at the Port of New York and New Jersey will commence Monday, May 14, 2018. The new Open Choice Equipment Agreement – Northeast (OCEA-N) is a port-wide cooperative chassis pool that offers motor carriers the option to engage and negotiate with the chassis provider of their choice.

Typically in most pools, ocean carriers dictate the chassis provider for both carrier and merchant haulage moves, even when they are not responsible for the costs. Otherwise known as “box rules,” this has ultimately led to increased operating costs and inefficiencies for motor carriers.

The interoperable OCEA-N pool will not only provide IEPs and motor carriers true choice of their chassis provider, but also offers a fleet of premium chassis that can transit all marine terminals at the NY/NJ port complex. The fleet will consist of premium 20’, 40’ and 40’/45’ chassis, all equipped with LED lights, ABS brakes and radial tires. Meanwhile, the pool is governed by strict business rules to ensure higher standards for fleet quality, with chassis marked “OCEA-N” in black and white to distinguish each unit.

Charlie Wellins, President and COO of FlexiVan states, “From the motor carrier, BCO and shipper perspective, competition through open choice results in more price, service and equipment quality options.”

OCEA-N is open to participation by any qualifying chassis supplier, with initial contributors being FlexiVan and NACPC. A third party has been contracted as Pool Manager, following the rules and regulations set forth by the NACPC FlexiVan Chassis Pool, LLC (“NFCP”).

“These are exciting times,” said Rich Mazur, Vice President of Sales for NACPC, “to work in conjunction with FlexiVan on a pool offering alternatives to the Motor Carrier and BCO community further highlights the spirit of modernization. Open choice and interoperability to the international community is important, and we are glad to be part of a program offering these options.”

OCEA-N offers competitive tiered pricing based on usage periods of 1-10 days or 11 days or more, with all usage invoices issued by the Motor Carrier’s chassis provider of choice. The common start/stop location will be at Ironbound Intermodal Industries in Newark, NJ.

All interested parties can register for OCEA-N using the Pool Chassis Customer Registration Form.

 

 

For further information, contact: OCEANInquiries@FlexiVan.com

NACPC 1,200 New Chassis

NACPC Expands Orange Footprint with Addition of 1,200 New Chassis to National Intermodal Chassis Network

New Chassis

Furthering the NACPC vision of a modern chassis supply nationally, supporting the US intermodal container network with a transparent set of economics, The North American Chassis Pool Cooperative (NACPC), proudly announces the addition of 1,200 new chassis that will be integrated into their SACP and COCP Common-Use and Premium Chassis Network.

The addition of these chassis to NACPC’s Common-Use Pools, also known as “gray pools,” allow users to draw any chassis from the pool regardless of ownership. By removing the need for a contributor to have its own chassis storage facility, the contributory pool model eliminates duplicate costs. This maximizes the use of limited space at port and or inland intermodal locations, ensuring an adequate supply of chassis for all users.

Common-Use Pools

  • Mid-South Consolidated – MCCP
  • Mid-West Consolidated – MWCP
  • South Atlantic Consolidated – SACP
  • Gulf Consolidated – GCCP

For shippers, Intermediaries, 3PLs and motor carriers planning to increase their bottom line, NACPC delivers the superior chassis solution.  A state-of-the-art fleet of chassis equipped with radial tires, LED lights, ABS and auto inflation systems as well as intermodal neutrality in Common-Use Pools at a reasonable “at cost pricing” structure.

The benefits of these features translate to:

  • Decreased M&R costs
  • Increased fuel savings and;
  • A boost for your return-on-investment.

Currently, NACPC operates more than 20,000 chassis in five Common-Use Pools (Managed by CCM) and Premium pools; MCCP, MWCP, COCP, GCCP and SACP.

The pool managers are responsible for chassis logistics, inventory supply, maintenance and repair and the repositioning of the chassis. Usage arrangements are determined between the chassis contributor and its user. These contributory gray pools foster competition by allowing motor carrier users to select from more than one chassis provider.

Premium Chassis Pools

  • Savannah, Georgia
  • Detroit, Michigan
  • Houston, Texas
  • New Orleans, LA

 

NACPC Expands Premium Chassis Pool Network to New Orleans, LA

New Orleans, LA – After significant input from the local drayage community and Ports America, The North American Chassis Pool Cooperative (NACPC), announces the launch of a Premium Chassis Pool in New Orleans, Louisiana. This 40-ft. premium pool is fleeted with NEW chassis with radial tires, LED lights, ABS and auto-inflation systems.

The NACPC New Orleans Premium Chassis Pool can be leased direct to motor carriers or beneficial cargo owners for daily, short and long-term use – allowing MCs and BCOs to take advantage of NACPC’s at-cost pricing model.

In partnership with Consolidated Chassis Management (CCM), NACPC will commence operation of the 40-ft Premium Chassis Pool in New Orleans located at:

Ports America
5901 Terminal Drive
New Orleans, LA 70115

 

NACPC New Orleans Premium Chassis Pool Benefits Include:

  • 40’ chassis available for direct lease to motor carriers using NACPC’s at-cost pricing model
  • Available for short and long-term use
  • Customer simply picks up chassis from Ports America and is invoiced from date of interchange – out to date of interchange – in back to Ports America
  • Brand new chassis are equipped with radial tires, LED Lights, some with auto-inflation systems to help reduce over the road repair issues. These chassis provide a much higher level of safety to your company, drivers and customers
  • Allows customer to use and be invoiced by NACPC directly for new chassis on Merchant Haulage moves returning to Ports America

There are terms and conditions specific to acquisition and return of these units to Ports America so be sure to contact your NACPC representative or Ports America for complete details.

 

The North American Chassis Pool Cooperative - NACPC Chassis - At-Cost Pricing

NACPC Maintains Rates & Helps Contribute to Customers’ Bottom Line 

North American Chassis Pool Cooperative (NACPC) is proud to announce that while the competition’s pricing has continued to increase several times each year for the past several years, their current pricing for Pool and Premium chassis will be maintained at current levels.

“We currently support Motor Carriers, BCOs NVOCCs and 3PLs with a superior chassis solution at lower prices than our competition,” says Dave Manning, President of NACPC. “With our objective of keeping chassis use cost competitive in the marketplace, we help drive our customer’s business forward, increasing their bottom line.”

 

While the Competition Increases Rates Again, NACPC Invests in Chassis & Intermodal Network

Updated rates for competing chassis providers were effective March 1, 2017 or will go into effect April 1, 2017. NACPC’s “at-cost” pricing model will remain unchanged. As the competition increases rates due to the result of higher labor costs, inventory and fleet enhancement efforts, NACPC pricing will not change.

“While maintaining our pricing model, we also continue to invest in our equipment and expanding our footprint. We are currently operating in four major pools COCP, SACP, MCCP and the GCCP. At the same time, we have Premium Pools in Savannah, Houston, Mobile and the Ohio Valley. Operations in Charleston and Detroit should be on line for use in the next few weeks,” adds Manning.

 

The North American Chassis Pool Cooperative - NACPC Chassis - At-Cost Pricing

Strong Partnerships Produce Great Results

NACPC is supported by a partnership with Consolidated Chassis Management (CCM) which manages the NACPC chassis pool contribution. CCM was formed to address industry needs in developing a more efficient model for operating chassis. CCM is the largest cooperative pool manager in the US, overseeing some 130,000-chassis offering pool management, private fleet and chassis data management services including the NACPC chassis fleet.

“We are the back-room operations group managing a combined fleet of multiple entities and we are happy to facilitate NACPC’s growth and continued dedication to the “at-cost model,” says Jon Poelma, Chief Operating Officer of Consolidated Chassis Management.

Owned by OCEMA, CCM was formed in 2005 to help in developing a more efficient model for operation chassis. They manage 150 employees with 100 of them on the field and equipment at over 300 locations nationwide including M&R and logistics. They are committed to managing safe and reliable equipment.

“Our experienced, dedicated and knowledgeable staff ensure safe and reliable equipment is made available to the user community. We work closely with our maintenance partners, ocean carriers, railroads, marine terminals and motor carriers to ensure we are meeting their needs. Members like NACPC are free to contribute chassis into the pools and find the economies of scale in the gray model. By allowing different provision models CCM has the flexibility to meet each of its customer’s business requirements,” adds Poelma.

 

 

 

NACPC Creates Premium Chassis Pool in Savannah with Operational Support from CCM

NASHVILLE, TN (August 01, 2016) – Responding to growing customer demand, the North American Chassis Pool Cooperative (NACPC) continues to offer off-dock premium chassis solutions with a new premium pool in Savannah, Georgia. These chassis will be available for direct lease to motor carriers using NACPC’s at-cost pricing model.

Effective August 01, 2016, NACPC, in partnership with Consolidated Chassis Management (CCM), will commence operating a pool of 40-ft premium chassis available for short and long-term use. These modernized chassis are equipped with radial tires, LED lights and auto-inflation systems – making them among the newest and safest on the market.

Whether for motor carriers or beneficial cargo owners, premium chassis are proving to be an excellent solution for customers who place the utmost value on driver safety and cost-effective operations.

“This premium chassis pool, conveniently located just outside the Port of Savannah, will enable us to make our safe and modern chassis available directly to motor carriers,” said David Manning, President and Chairman of NACPC. “Although we have previously contributed new chassis with this equipment into the gray pools, this particular solution will ensure that our customers have access to a premium quality chassis each and every time.”

The North American Chassis Pool Cooperative - NACPC Premium Chassis

NACPC Remains Committed to At-Cost Chassis Rental Pricing as Competitors Increase Rates

NASHVILLE, TN (July 1, 2016) – The North American Chassis Pool Cooperative (NACPC) has committed to maintaining the most cost-effective chassis rental rates in North America despite competitors raising rates consistently since 2013 as follows:

  • DCLI: $16.12 to $18.50
  • Flexi: $15.30 to $19 SACP/$19.25 MCCP
  • TRAC: $16.39 to $19.50

*Rates sourced from DCLI, Flexi-Van & TRAC Websites as of 6/30/2016

NACPC will maintain at-cost member pricing as follows:

  • MCCP: $14.25
  • COCP: $14.25
  • SACP: $12
  • GCCP: $12

Regarding this decision to maintain at-cost pricing, NACPC President and Chairman Dave Manning states: “Our mission at NACPC is to support motor carriers with an expansive and modernized chassis fleet. This should not come into conflict with our customers’ bottom line – we are here to drive their business and our industry forward and remain committed to doing so with this decision.”

NACPC’s pricing has helped many customers save upwards of $1,000,000 per customer/annually. “Our goal,” says Manning, “Is to invite more customers to learn about NACPC in order to help them positively impact their business’ bottom line. Increased rental rates do not have to slow business down – NACPC is the secret weapon our customers have come to rely on.”

The North American Chassis Pool Cooperative - NACPC Premium Chassis

NACPC Creates Premium Chassis Pool in Houston, to be Operated in Partnership with CCM

We are excited to announce that, due to growing customer demand, NACPC will now offer off-dock premium chassis solutions in Houston. These chassis will be available for direct lease to motor carriers using NACPC’s at-cost pricing model.

From our Press Release:

Effective July 5, 2016, NACPC, in partnership with Consolidated Chassis Management (CCM), will commence operating a pool of 40-ft premium chassis available for short and long-term use. These modernized chassis are equipped with radial tires, LED lights and auto-inflation systems on some units – making them some of the newest and safest on the market.

Whether for motor carriers or beneficial cargo owners, premium chassis are proving to be an excellent solution for customers who place the utmost value on driver safety and cost-effective operations.

“This premium chassis pool with a single stop/start location will enable us to make our safe and modern chassis available directly to motor carriers,” said Dave Manning, President and Chairman of NACPC. “Although we have previously contributed new chassis with this equipment into the gray pools, this particular solution will ensure that our customers have access to a premium quality chassis each and every time.”