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.
With its authority NACPC began to acquire or lease intermodal chassis from ocean carriers and or chassis leasing companies, contributing these chassis into chassis pools in the U.S. An important objective of NACPC is to preserve the “gray pool” low-cost chassis pool model previously established by the ocean carriers under their agreement the Ocean Carrier Equipment Management Association, Inc. (OCEMA). These open pools are managed by Consolidated Chassis Management (CCM), a pool management company owned by OCEMA. By pooling resources, NACPC is able to achieve important cost savings with respect to not only the acquisition and leasing of chassis, but also on the requisite insurance costs and the costs of chassis modernization and refurbishing which have always been part of its strategic operations plan.
Contributory “gray pools” such as those managed by CCM 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. CCM manages the chassis in the pools (including 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. CCM pools foster competition by allowing motor carrier users to select from more than one chassis provider.
In advancing its business objectives, NACPC executed an agreement on April 1, 2013 with CCM to establish a five-year pool management partnership starting with a pilot program in the Mid-South Consolidated Chassis Pool based in Memphis and Nashville, Tennessee. On February 27th, 2013, NACPC announced its first agreement to acquire intermodal chassis from China Ocean Shipping Company (COSCO). Thirteen hundred chassis entered the Mid-South pool on April 1, of 2013. Currently, NACPC operates more than 21,000 chassis in three CCM managed pools: MCCP, MWCP & SACP.
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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.