ITE Management Continues to Expand North American Chassis Platform Through NACPC Acquisition

NEW YORK, NY – July 21, 2026 – ITE Management L.P. (“ITE”), a leading alternative asset manager focused on industrial transportation and infrastructure, announced the acquisition of North American Chassis Pool Cooperative (“NACPC”), further scaling its premium North American chassis platform to more than 60,000 assets with national scale and broad market coverage for intermodal customers.

NACPC is an established and trusted provider of premium chassis serving major intermodal markets across North America. Its addition brings more than 20,000 chassis to ITE’s platform, strengthening its presence across key freight corridors and expanding the range of leasing solutions available to customers.

“Milestone, Trend, and NACPC have each built strong businesses with their own identities, but they’re united by a common approach: deep industry expertise, responsive service, and a commitment to quality,” said Darren Hawkins, Chief Executive Officer of NACPC. “Bringing these companies together creates a more powerful platform that expands our reach while continuing to deliver the reliable equipment and service our customers expect.”

ITE’s chassis platform now includes NACPC, Milestone Chassis, and Trend Intermodal, providing access to a young, diversified premium fleet, coast-to-coast coverage, and a broad range of solutions spanning term leases, daily rentals, chassis pools, and customized programs. All three businesses will initially continue to operate under their existing brands, with unified leadership under Mr. Hawkins as integration progresses.

“We see significant opportunity to create long-term value in the chassis market through focused expertise and operational excellence,” said Jennifer Polli, Head of Intermodal at ITE Management. “Scaling our chassis leasing platform strengthens our commitment to this essential segment and reinforces ITE’s core strategy.”

The acquisition reflects ITE’s disciplined approach to investing in critical transportation operating partners with durable, recurring cash flows and resilient assets that perform across market cycles. The transaction was completed through funds managed by ITE.

Advisors

Willkie Farr & Gallagher LLP served as legal counsel and SMG Securities served as financial advisor to ITE Management. Butler Snow LLP served as legal counsel to NACPC.

About ITE Management

ITE Management L.P. is a global alternative investment firm that helps keep the world’s supply chains moving. Founded in 2014, ITE owns and operates nearly $12 billion of industrial infrastructure assets across rail, intermodal, air, and various transportation verticals, as of July 2026. The firm focuses on essential-use, long-lived assets and seeks to generate durable value through stable lease profiles and long-term contracts. ITE combines operational expertise, data intelligence, and sector knowledge to support the future of global transportation. For more information, visit www.itemgmt.com or follow the company on LinkedIn.

Media Contact: Prosek Partners, pro-ite@prosek.com

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NACPC Announces General Rate Increase – Effective November 2, 2025

To Our Valued Partners:

In the current environment, investing in our chassis fleet expansion, and providing chassis leadership in the intermodal industry, continue to be our goals.
The partnership of The North American Chassis Pool Cooperative (NACPC), and PIC Trailer allows us to supply a new and modern chassis product with all the features you expect.
As we continue responding to your chassis needs, we are announcing a General Rate Increase (GRI). Effective November 2nd, 2025, NACPC, the North American Chassis Pool Cooperative will implement a Rate Increase (“GRI”).

NACPC Shared Chassis Pool Area Merchant Haulage (MH) Rate
Memphis Pool of Choice - MPOC Memphis, Nashville, (Huntsville), TN $22.50
Kansas City Pool of Choice - KPOC Kansas City $22.50
KPOC 20'/40' Combo Spread Axle (tandem) Kansas City $36.50
Alabama Pool of Choice - APOC Mobile $23.00

Sales tax applicable to services.

Pricing does not include any applicable taxes. 

 

NACPC Premium Chassis Pool Day Day 30 Retroactive to Day 1
CPI Austell (Atlanta), Georgia $19.00 $16.00
MRS-CMC, Baltimore, Maryland $23.95**** $18.95****
OCEAN, NY/NJ $23.95**** $18.95****
Norfolk, VA $22.95**** $18.95****
CMC Charleston, South Carolina $19.50 $16.50
CMC Greer, South Carolina $19.00 $16.00
CMC Mobile, Alabama $19.50 $16.50
CMC Savannah, Georgia $19.50 $16.50
IMC/GIS (Wallisville Rd.) Houston, Texas $19.50 $16.50
Ports America, New Orleans, LA $19.50 $16.50
ConGlobal Industries, Forest View, IL (Chicago) $19.75 $16.75
Detroit, Michigan $19.75 $16.75
St. Louis, Missouri $19.75 $16.75
Barbours Cut - Port of Houston $19.50 $16.50
Bayport - Port of Houston $19.50 $16.50
Chestnut Enterprises - Wilmington $19.50 $16.50
Specialized Chassis Available in NACPC Inventory
20'/40' Combo Tri-axle (Availability with RSS) $51.00 $36.00
20'/40' Combo Spread Axle $36.00 $31.00
40' Gooseneck Lightweight $31.00 $26.00
40' Lightweight Spread Axle $31.00 $26.00
40' Gooseneck Lightweight (Chicago only) $26.00 $21.00
40' Lightweight Tri-axle Heavy Haul $41.00 $31.00
40'/45' Extendable $20.00 $17.00
40'/45' Extendable OCEAN Pool $24.95 $19.95
20'/40' Tandem City Combo $26.00 $21.00
20’ Tank Chassis with Lift Kit $36.00 $26.00
20' Standard Tri-axle $41.00 $31.00

 

Sales tax to services where applicable.
****$5.00 discount applies on Day 15 back to Day 1
All Premium Chassis must be returned to the original start-stop location. Failure to do so will result in continuous daily billing.

Rates Effective November 2nd, 2025

 

 

in Industry News / Media

NACPC Announces Leadership Succession

Darren Hawkins announced as President and incoming CEO, Dave Manning to serve as Chairman of Executive Board 

Nashville, TN (Sept. 6th, 2024) – The North American Chassis Pool Cooperative (NACPC) announces Darren Hawkins as President and incoming Chief Executive Officer. Prior to this appointment he served as CEO of Yellow and has 35 years of experience in transportation logistics service with three large motor carriers.

Darren Hawkins announced as President and incoming CEO of NACPC.

“Darren is serving as President now and will add the CEO designation on January 1, 2025.  I will transition to Chairman of the Executive Board allowing me to stay involved with this great company and take advantage of many personal interests outside of work,” said Dave Manning, CEO, NACPC. “I’ve known Darren for many years and am excited to have him guiding NACPC into the future.  He is the perfect person to lead NACPC to achieve the ambitious growth goals established by our Board.” 

“I’m honored to work with the NACPC team to continue providing a modern fleet of chassis to the U.S. intermodal container network with first class service, expansion in our domestic services, and continued heavy investment in our international services to benefit US motor carriers with chassis choice and competitive pricing,” said Darren Hawkins.

About NACPC

Founded in 2012, NACPC’s mission is to establish an efficient competitively priced chassis supply that can be implemented on a national basis to support the domestic and international intermodal network with adequate supply levels, a modernized chassis fleet, a transparent set of economics, and terms of use that benefit all modes and shippers.

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NACPC Announces General Rate Increase – Effective January 1, 2024

Dear valued partners,

At the North American Chassis Pool Cooperative (NACPC), our dedication to meeting and exceeding our customers’ expectations remains unwavering.

NACPC has consistently delivered on our promise of quality equipment through our “at-cost” pricing model, supporting the intermodal community’s evolving needs.

As part of our ongoing efforts to enhance our services and maintain the high standards you’ve come to expect, we are announcing a General Rate Increase (GRI) effective January 1, 2024.

Region Effective January 1, 2024
Memphis, Nashville, Huntsville $20.00
O.N.E. (MCCP) $22.50
Houston, Mobile, New Orleans*** $18.50
Kansas City, St. Louis $22.00
Chicago**** $19.25
New Jersey, New York**** $22.95
Charleston, Savannah**** $18.50

Above applies to Standard Equipment.

*** Discounts apply at Day 30. $3.00 less back to Day 1. 

**** Discount applies at Day 15. $17.95/day back to Day 1. 

 

Please contact us with any questions at 615-208-7303 (Option #1), or visit our website at www.NACPC.org/pricing

 

in Industry News / Media

NACPC Announces General Rate Increase – Effective January 1, 2023

To our valued partners:

In the current demanding supply chain environment, investing in our chassis fleet expansion, and providing the best chassis leadership in the intermodal industry continue to be our goals.

The partnership of The North American Chassis Pool Cooperative (NACPC), and Pratt Intermodal Chassis (PIC), allows us to supply a new, modern chassis product with all the features you expect.

As we continue responding to your chassis needs, we are announcing a General Rate Increase (GRI). Effective January 1, 2023, NACPC, the North American Chassis Pool Cooperative will implement a Rate Increase (“GRI”) on its Shared Pool and Premium Chassis products.

Please refer to our pricing page, https://www.nacpc.org/pricing/ for full details.

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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 Announces General Rate Increase – Effective March 15, 2022

To our valued partners:

The North American Chassis Pool Cooperative (NACPC) continues to respond to our customers’ needs.

Our continued commitment in provide quality equipment with our “at-cost” pricing model is unwavering, and our objective of keeping chassis use cost competitive, remains unchanged.

As we continue to respond to our customers’ needs with new chassis, we are announcing a General Rate Increase (GRI) effective March 15, 2022.

The NACPC Shared Chassis Pool

NACPC/CCM Shared Chassis Pool Area Merchant Haulage (MH) Rate
Effective March 15, 2022 
Mid-South Consolidated – MCCP Memphis, Nashville, (Huntsville), TN $19.00
Mid-South Consolidated – MCCP Ocean Network Express $22.50
Mid-West Consolidated – MWCP Kansas City & St. Louis, MO $20.00
South Atlantic Consolidated – SACP GA, NC, SC, FL $18.50
South Atlantic Consolidated – SACP Hapag Lloyd $22.00

Sales tax applicable to services.

Pricing does not include any applicable taxes
Please contact us with any questions
Email | sales@nacpc.org

in Industry News / Media

Manufacturing Supply Chain CEOs

On this Manufacturing Supply Chain CEOs podcast, your host, Martin Harshberger, encourages CEOs of manufacturing supply-chain companies to communicate and connect with people on the platform in this new post-Covid world. We cover topics like business challenges, changes in the industry, concerns and ultimately tips for pivoting and growing our industries to adjust to this new way of life. We’ll also let our guests share on the subjects they’re well-known for. No matter the topic, you’ll be hearing real stories from real people.

 

Listen Now

 

 

in Industry News / Media

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.

 

in Press Releases

Built For the Intermodalist – Whitepaper

The intermodal industry has changed dramatically over the past ten years. As American companies capitalize on the global marketplace and import more goods into the country from its major trading partners in countries including: China, Canada, Mexico, Japan, Europe, and many others, the demand for marine chassis from shippers has increased. For 2018, imports increased 7.5% from 2017 to $3.12 trillion*. Beneficial cargo owners (BCOs) have received a considerable amount of pressure applied to their supply chains – everything from driver shortages to government regulation (i.e. electronic logging device [ELD] mandate) and tariffs.

Even with these challenges, an often-overlooked component of the intermodal supply chain solution has been chassis. Everything from access (capacity issues, inventory supply & demand and a network that varies region to region) to the quality (new, old, & refurbished), of the equipment that are being utilized – chassis play a critical role in a company’s bottom line and overall efficiency when moving goods across the nation.

By pulling the collective resources of the members to provide intermodal chassis, NACPC is able to offer at-cost pricing, which provides trucking companies significant savings compared to the competition.

 

Download the whitepaper 

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