TRAC picks up Core Fleet tire services division

Chassis lessor says acquisition will enable it to control tire quality and cost.

TRAC picks up Core Fleet tire services division

Chassis lessor says acquisition will enable it to control tire quality and cost.

TRAC picks up Core Fleet tire services division

Chassis lessor says acquisition will enable it to control tire quality and cost.

 
The chassis leasing company and chassis pool manager TRAC Intermodal said it has completed acquisition of assets relating to the tire services division of Core Fleet.
    The business will be part of a new subsidiary, TRAC Tire Services LLC, and provide tire wholesale, service, parts distribution and retreading to the intermodal and commercial trucking industries.
    Core Fleet Inc. is a nationwide service provider for commercial fleets. Core began operations in 2008 as Retread America.
    Commencing in early 2019, TRAC Tire Services LLC will operate out of a new 102,000-square foot facility in Florence, Ky, where Core is headquartered, that will accommodate an expanded production facility, warehouse space and administrative offices. The new facility will enable TRAC Tire Services LLC to immediately double its manufacturing capacity.
    This acquisition will enable us to provide improved fleet tire solutions to our customers while controlling their quality and cost, said Jennifer Polli, president and chief executive officer at TRAC Intermodal.
   She added, “The mission of TRAC’s new subsidiary is to supply customers with high quality, comprehensive services, including tire wholesale, parts supply, maintenance and retreading, to meet their commercial fleets’ needs.”

We cannot always measure success in terms of cargo volume. It was a landmark year for The Port of Virginia and we look at 2018 as a year of accomplishments.
Spot container rates from Shanghai to Rotterdam were $1,839 per FEU as of Jan. 17, down 6 percent from a week prior but 7 percent higher year-over-year, according to Drewry’s World Container Index.
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Freight rates continue to rise

Freight rates continue to rise