Apollo Global Management acquired Direct ChassisLink Inc. and Blume Global Inc. from EQT Infrastructure, according to a joint news release from Apollo Global and Direct ChassisLink.
Financial terms were not disclosed, and Apollo and Direct ChassisLink declined comment beyond the news release. New York-based Apollo also declined to confirm a news report that it had spent $2.5 billion to acquire majority ownership of the two trucking-related firms.
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Chassis manufacturer CIMC Intermodal Equipment is readying a name change to CIE Manufacturing and has plans to move container chassis production to the United States from China.
The production move was compelled by the trade war between the two countries, CEO Frank Sonzala told Transport Topics .
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I Squared Capital acquired a majority stake in FlexiVan Leasing Inc., the private equity firm announced Jan. 27. FlexiVan is one of the oldest names in the marine chassis industry.
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Freightliner Custom Chassis Corp., a unit of Daimler Trucks North America, announced it partnered with Proterra to develop a production-ready version in 2020 of Freightliner’s all-electric MT50e truck chassis. It is intended as a zero-emissions last-mile delivery vehicle.
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U.S. trucking companies that operate at the nation’s ports are preparing to take a long-simmering financial dispute with overseas ocean carriers to the Federal Maritime Commission.
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Dorsey Intermodal is launching a new line of chassis for marine and domestic use, the company announced June 22.
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Trac Intermodal will have new leadership Sept. 1, as it was announced Aug. 17 that President and CEO Jennifer Polli is leaving the company beginning next month after serving as its leader since 2018. She has served the Princeton, N.J.-based company in a variety of roles since 2012.
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A group of U.S. chassis manufacturers have won an initial victory before the U.S. International Trade Commission against a Chinese company that the U.S. firms claim is manipulating the American chassis market.
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A judge is weighing an appeal that will determine whether a trucking industry challenge to prices being charged for shipping containers at ports will be permitted to proceed.
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A case that alleges ocean carriers are overcharging truckers for use of container chassis at ports will proceed after a judge denied a request for dismissal filed by the defendants.
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Dorsey Intermodal is on track to fulfill an agreement to supply more than 5,000 new chassis for the South Carolina Ports Authority, the trailer manufacturer announced Nov. 8.
The chassis are on schedule for delivery early next year. Dorsey Intermodal will provide the chassis with support from its Vietnam-based manufacturing partner, Thaco Special Vehicles.
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The North American Chassis Pool Cooperative on Dec. 6 acquired the Bridgman, Mich.-based chassis manufacturer Pratt Industries Intermodal Chassis from the Nashville-based private equity firm LFM Capital.
The financial terms of the all-cash deal were not disclosed.
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Blue Bird Corp. announced it is building on its nearly century-long expertise of school bus manufacturing to expand its zero-emission transportation solutions to the commercial vehicle market.
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SEA Electric announced durability testing for its Class 6 SV6 E stripped chassis package is scheduled to begin in the third quarter, and volume assembly to begin in first quarter of 2023.
Conditional orders currently are being taken, the Los Angeles-based company reported.
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LONG BEACH, Calif. — Unprecedented volumes of intermodal freight are starting to lighten as well as the long turn times and equipment backlogs that created chassis shortages throughout the past year, which can delay freight movement and disrupt truckers, carriers and the entire business model of the customer.
