Chassis

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

in Press Releases
NACPC - ContainerPort Group, Inc.

Member Spotlight – ContainerPort Group, Inc.

“NACPC is Always Looking Out for MCs – It’s at the Heart of What NACPC Does”

We recently sat down with James R. Kramer, Senior Vice President – Midwest of ContainerPort Group, Inc. (CPG), to learn more about the benefits the shared and premium chassis pools operated by NACPC and how, as a founding member of NACPC, the organization has changed over the past five years.

 

As a founding member of NACPC, how has the organization changed over the last five years?

 

NACPC has stayed true to its mission by keeping the focus on at-cost. We’ve introduced more premium chassis, as well as keeping up with the changing trends in the industry. These things are important to our mission at CPG and we are happy to partner with an organization that feels the same way.

 

As a member, what benefits have you seen by joining NACPC?

At the NACPC member’s rate we are experiencing significant savings compared to the industry standard rate, and that amounts to significant benefits to our organization and to our customers.

 

Why do you choose NACPC? 

 

It’s at the core of what NACPC does. They care about their customers. They believe in the mission. It was a program founded to benefit the motor carriers and its members.

 

Tell us about CPG’s utilization of premium vs shared chassis. What is unique about each?

 

For premium pools, the benefit is decreased M&R (maintenance and repairs) which equates to less down time for the driver. This translates to increased savings overall to a motor carriers bottom line.

 

CPG manages some of NACPC’s premium pools (Columbus, Cincinnati and Detroit). Tell us about that experience.

 

As a terminal operator, it’s important for us to provide a very efficient service for all the motor carriers that come through. The pools that we manage for NACPC are all premium pools. That means those chassis have LED lights, radial tires, anti-lock braking systems and auto-inflation, which is an advantage to all motor carriers in those regions.

in Member Spotlights

Member Spotlight – Devine Intermodal

In continuing to highlight our diverse member base, we present a recent interview with Richard R. Coyle, President of Devine Intermodal (founded as Devine & Son Trucking Co, Inc.), about why chassis pools are integral to the industry and the importance of investing in NACPC.

Tell us about Devine & Son Trucking Co., Inc.

“We go by Devine Intermodal, although we are officially still incorporated as Devine & Son Trucking Co, Inc. since 1923.  We run a combination of company-owned trucks supplemented by independent contractors totaling about 200 trucks altogether. We have terminals in Sacramento, Stockton, Fresno and Oakland, California plus a large terminal in Reno, Nevada where most of our recent investment has been.

On the intermodal side of our business, we service international freight transiting the Port of Oakland, plus various rail terminals throughout Northern California and Nevada. Our heavy presence in the agricultural-rich Central Valley of California means we’re deeply engaged with myriad food processors. We haul almonds, rice, raisins, prunes, canned fruits and vegetables, wine, and many supporting and peripheral commodities like wine bottles. We also have a regional truckload division that serves the western states.”

Why are chassis pools important to the trucking industry?  

“Because the geography we service covers a vast area, including the Sierra Nevada mountain passes, we have a fleet of several hundred of our own chassis outfitted with the very best components and tires to minimize problems and to make the jobs of our drivers easier.”

As an investor, why was it important to invest in NACPC? 

“The overarching objectives of NACPC are sincere: Better equipment for fair and reasonable prices. If the equipment is owned and operated by TRUCKERS then it will indeed fulfill the objectives. Equipment owned and operated by non-trucker investment pools will be motivated by profit and less motivated by quality.”

Advice for a company looking to join NACPC? 

“Do it.”

 

in Member Spotlights
The North American Chassis Pool Cooperative - NACPC Chassis - The Evans Network of Companies

Member Spotlight: The Evans Network of Companies

A cooperative is only as good as its community partnerships. We are excited to feature our diverse member base and highlight NACPC’s growing relationships and collaboration within the intermodal industry.

We recently spoke with Chris Giltz, Senior Vice President of Operations for The Evans Network of Companies, about challenges facing the trucking industry and why NACPC stands out among its competitors.

 

Tell me a little bit about The Evans Network of Companies.

“We were formed 1939 and our corporate office is located in Schuylkill Haven, PA. We have about 190 offices around the country and a fleet of 3,500 trucks. We’re mostly intermodal but we also do truckload and brokerage. We operate out of every port facility except the West Coast. We also operate out of most of the rail facilities as well.”

 

When did The Evans Network of Companies join NACPC and why was it a good fit?

“We started using NACPC in 2012 and later I joined as a board member and investor in 2013. It’s a great fit for Evans because they’re supplying chassis in a lot of the areas in which we operate.”

 

What direct benefits have you seen for your company?

“It’s a cost effective alternative to the big three chassis providers. We like the push toward better tires and lights. And we like the fact that it’s a trucker-owned pool.”

 

What are the major differences between NACPC and its competitors?

“What we keep seeing in the intermodal world is equipment pricing costs that keep rising and rising without any underlying cost increase justification. One of the biggest things is trying to put the brakes on unlimited price increases on chassis providers.”

 

Why do you think NACPC is important to the trucking industry?

“Equipment has been a huge issue in the drayage industry. We see equipment in poor shape and the truckers unfortunately are the ones getting citations and CSA score points for them. The thing I like the best about NACPC is that it’s trying to change this, it stays competitive and pushes the industry toward better equipment.”

 

Advice for a company looking to join NACPC?

“If you are a trucker and you’re complaining about the high cost of chassis then this is your trucker-owned chassis pool and you should support NACPC.”

in Member Spotlights / The Evans Network of Companies

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.”

in NACPC Chassis Additions / Press Releases
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.”

in Industry News / Press Releases
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.”

 

in NACPC New Market Announcements / Press Releases
NACPC Takes the Lead In Chassis Innovation: Company Launches Chassis Tracking with Asset Intelligence

NACPC Takes the Lead In Chassis Innovation: Company Launches Chassis Tracking with Asset Intelligence

NACPC, The North American Chassis Pool Cooperative, is quickly becoming an innovation leader within the intermodal industry. NACPC is partnering with Asset Intelligence to deploy its VERIWISE® Chassis fleet management solution on 270 chassis in NACPC’s fleet, allowing their members and users access to heightened performance.  NACPC President, Dave Manning strongly believes this new technology will provide substantial business value.

“Having the ability to track our chassis will allow us to leverage the multitude of information we receive from continual asset tracking,” said Manning. “We envision the future of chassis logistics as heavily relying on this tracking information instead of solely depending on gate activity. As an organization that is dedicated to keeping our assets in a closed loop, this tracking will assist us in this endeavor by helping us quickly locate a chassis should they slip out of the closed loop.”

The VERIWISE® Chassis fleet management solution from Asset Intelligence enables chassis fleet operators to:

  • Improve fleet utilization, including more rapid redeployment of dormant chassis, resulting in increased revenue;
  • Improve cargo turnaround times, from dispatch and pickup to delivery;
  • Improve billing accuracy with reliable data that shows when assets move and when the billing clock starts and stops
  • Decrease time and fuel costs spent searching for chassis by eliminating manual yard checks and enabling the nearest chassis to be utilized;
  • Reduce chassis maintenance costs by performing preventive maintenance based on actual mileage rather than calendar schedules;
  • Improve verification of intermodal container returns.

Matt Harris, Sr. Vice President of Sales for Asset Intelligence, stated: “We are very pleased to have the opportunity to partner with NACPC, a leader in chassis pool management. Our solutions will provide NACPC with critical visibility and fleet status, and we believe will ultimately help them maximize the efficiency and productivity of their chassis pool.”

Mr. Harris added that the ability to track chassis with accurate, real-time information can provide NACPC with an operational advantage. “Our solution gives NACPC visibility into the location and status of their assets, allowing leased chassis to be kept in the proper lanes for their customers.  VERWISE Chassis also provides valuable data and insight to increase asset utilization and ensure chassis fleets are sized appropriately to meet customer demand.  Additionally, tracking improves billing accuracy, giving chassis pool operators the hard data needed to resolve billing disputes, a common industry challenge.  All of these benefits give NACPC an advantage in serving their customers.”

The chassis pool industry is poised to see tremendous growth in the use of tracking technology in coming years. Traditionally, tracking has been primarily used by truckload carriers for their dry van fleets, however the industry is now seeing early adoption on chassis fleets. “NACPC is certainly well ahead of the industry with this trend, and will be able to have a leg up on their competition by realizing the benefits of tracking.  We’re thrilled to partner with an innovative leader in the industry, and continue to prove the value chassis tracking provides to pool operators.”

 

in Industry News / Press Releases
Ohio Valley Premium Pool

North American Chassis Pool Cooperative (NACPC) Launches Premium Chassis Pool in Ohio Valley

NASHVILLE, TN (January 11, 2017) – Following the successful launch of the Southeast and Gulf Premium Pools, NACPC will begin offering premium chassis product in the Ohio Valley starting January 16, 2017.

This new pool, managed by Consolidated Chassis Management (CCM) on behalf of NACPC, will be domiciled at ContainerPort Group, Inc. depots in the Ohio Valley cities of Columbus and Cincinnati. These units are new and come equipped with radial tires, LED lights and auto tire inflation systems.

“This expansion into the Ohio Valley represents NACPC’s commitment to the region and the opportunity for customers to access state-of-the-art intermodal chassis in the market — optimizing their business,” says Richard Mazur, Vice President of Sales, NACPC.

With their superior chassis solution, NACPC is the benchmark for equipment, customer service and fair pricing in the industry. Our fleet of off-dock premium chassis, the newest and safest on the market, is available using our at-cost pricing model. Customers receive quality equipment and pool management (including maintenance). Cooperative membership is open to qualified motor carriers.

in Industry News / NACPC New Market Announcements / Press Releases

Member Spotlight: More Profit, Less Loss: How TCW Realizes Big Savings With NACPC Chassis

We recently sat down with Scott George, CEO of NACPC member company TCW, to learn more about how NACPC has been able to transform their bottom line. Here’s what he had to say:

What was the challenge that TCW faced and how did NACPC help you address it?

SG: The challenge for TCW and the industry is the poor quality of intermodal chassis and the corresponding cost associated with substandard equipment.  Radial technology replaced bias ply in 1975. LED lights have 25 times the life span of conventional lighting, yet much of the intermodal equipment provided by leasing companies still uses bias ply tires and conventional lights.

In addition to being more modern, why should trucking companies care about utilizing chassis with radial tires?

SG: Bias ply tires are not rated to carry the weight of international cargo that is legal with state issued overweight permits. The maximum bias ply rating is 3,880 pounds less than the minimum radial rating across an axle.

What has the use of NACPC’s chassis with radial tires meant to your operating costs and schedules?

SG: It costs TCW $.027 more per mile, not including the cost of driver’s valuable time, to run standard chassis versus the NACPC chassis equipped with radial tires and LED lights. In April, we had 2 flat repairs and 1 tire failure running almost 300 NACPC chassis equipped with radial tires. The other providers chassis with bias ply tires incurred 107 flat repairs and 131 tire failures in the same period.

What impact do you feel NACPC’s modernized chassis offering will have on the trucking industry?

SG: As an industry, we should not push the cost of inferior and outdated equipment to the cargo owners who ultimately pay for it. NACPC chassis bring lower cost and efficiency to the supply chain. No fleet owner specs their own trailers with bias ply tires or conventional lights so every intermodal company can benefit from reduced cost, more reliable customer service and improved driver satisfaction with NACPC chassis.

in Member Spotlights / TCW