Interpool, Inc. Enters into Service Agreement with Maersk Line
April 25 2007 - 2:44PM
Business Wire
It was announced today that Interpool, Inc. (NYSE:IPX) has entered
into an agreement with Maersk Line, the largest shipping company in
the world, with Interpool�s Chassis Division, Trac Lease, one of
the world's largest chassis lessors, to supply Maersk with detailed
tracking data for its chassis trailer freight moves in the
Northeast and Midwest. To service this program Trac Lease will be
employing Poolstat�, its proprietary chassis management system,
which receives daily chassis tracking information from more than
450 reporting locations in the United States. PoolStat currently
has 1,300 registered users worldwide. Martin Tuchman, Chairman and
CEO of Interpool indicated, �We are very pleased to work with
Maersk on this program designed to achieve greater equipment
utilization efficiencies through enhanced asset tracking, and
ultimately reduce congestion at terminal facilities. Based on the
results of our pilot program in the Northeast and Midwest over the
next several months, we expect to increase coverage, region by
region throughout the United States." Interpool is one of the
world�s leading suppliers of equipment and services to the
transportation industry. The company is the world�s largest lessor
of intermodal container chassis and a world leading lessor of cargo
containers used in international trade. Note: This press release
and other press releases and information can be viewed at
Interpool�s website at www.interpool.com This press release
contains certain forward-looking statements regarding future
circumstances. These forward-looking statements are subject to
risks and uncertainties that could cause actual results to differ
materially from those contemplated in such forward-looking
statements, including in particular the risks and uncertainties
described in Interpool�s SEC filings. The Company undertakes no
obligation to publicly release any revisions to these
forward-looking statements to reflect events or circumstances after
the date hereof.
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