Milestone at IANA EXPO 2017

A Look Back on IANA EXPO 2017!

Review

IANA EXPO is always a great time to connect & learn! This year presented new opportunities to share with customers

Milestone at IANA EXPO 2017

around how we continue to push intermodal forward through:

  • The growth of America’s newest chassis fleet, launched in the past year, now expanding nationwide!
  • The benefits of reduced M&R (as well as the bottom line) through the use of new equipment.
  • Flexible leasing options, expert service & more!

Thank you to our customers, vendors & friends that joined us at our reception on Sunday. It was wonderful to get together with you to kick off such an incredible few days at IANA EXPO 2017!

 

Port of New York & New Jersey

The Port of NY/NJ to See Chassis Shortages, Milestone Chassis Customers Not Affected

Concerned about chassis shortages on the East Coast? You’re not alone. Many of our customers are setting plans in place to be sure that they’re ready to handle larger shipments following the first to pass under the Bayonne Bridge on June 26th.

When we speak with our customers, we’re glad to be able to tell them things will be business as usual. Milestone Chassis is very much so present on the East Coast and poised to seamlessly assist customers with our modern fleet.

Journal of CommerceAs highlighted in a recent JOC article by Hugh Morley, Doug Hoehn, EVP of Milestone Chassis Co., offered assurance. In addition to our own chassis offering, he confirms that we are indeed interested in joining either the Flexi-Van/DCLI or Metro Pool. Milestone’s goal remains to offer a new, modern alternative to the aging equipment that competitors are offering.

JOC subscribers can read the full article here. Be sure to sign up to reserve your chassis in advance of this development here.

Milestone Chassis – Staying Ahead of “Warning Signals” in Los Angeles & Long Beach

In an article last week, JOC flagged “warning signals” mounting at LA-LB terminals during the current, post-Chinese New Year decrease in imports.

Weston LaBar, Executive Director of the Harbor Trucking Association, offered thoughts on ways to address the issue including:Harbor Trucking Association

  • Discontinuing storage at marine terminals.
  • Offering storage of chassis at designated yards throughout the harbor area.
  • On-site pre-inspections and repairs, where necessary.
*The full article is available to JOC subscribers here.

In short there are many ways to combat congestion and delay – not least of which is Milestone’s commitment to adding more new chassis and intermodal equipment into the pools in these markets. Sign up to receive daily West Coast Inventory Alerts from Milestone Chassis to keep your business moving!

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IANA 2016 Vinyls

IANA EXPO 2016: We Came, We Saw, We Launched

This year marked a true “milestone.” For the Intermodal Association of North America, the celebration of their 25th Expo. For our organization, the launch of the Milestone Chassis division and its modernized chassis program. Recently we celebrated both in Houston at the 2016 IANA EXPO.

milestone-chassis-for-web-20160817-v02

It was a pleasure to celebrate both events with so many friends throughout the industry. In addition to meeting with current and prospective customers in our booth over coffee while one of our new chassis was on view , we had the chance to demo ChassisFinder.com (now part of the Milestone portfolio) and highlight the chassis inventory in our expanded equipment fleet.

Our own Jordan Ayers was included on the panel “OTR Capacity Shortages – Will the Predictions Come True?”  Since there have not been any OTR capacity shortages this year the panel moderator, Larry Gross had the panel address other intermodal industry shortages, like chassis. Ayers commented on the surge in chassis bookings due to Hanjin Shipping’s recent bankruptcy. He noted the inability to return Hanjin containers to the terminal operators, railroads, and Hanjin’s depots as a key factor in causing the current chassis shortage. img_7498Many motor carriers are being forced to store mounted Hanjin containers on chassis for extended periods. Milestone has quickly responded by delivering more new chassis to the effected markets, living up to their customer-centric reputation.

This has been, and will continue to be a period of growth for our company, as we innovate and provide chassis solutions to meet customer needs. We look forward to introducing Milestone Chassis to all of our Intermodal partners throughout North America!

 

The Hanjin Effect: Equipment Shortages & How Milestone is Here to Help

In response to the Hanjin Shipping bankruptcy, Milestone continues to offer an expansive fleet to minimize disruption for customers. Please find the latest news regarding this matter below.

An excerpt from Reuters:

By Jim Christie, Lisa Richwine and Tom Hals

The bankruptcy of Korea’s Hanjin Shipping Co Ltd (117930.KS) is causing ripple effects for importers bringing goods from Asian factories to U.S. malls by creating a shortage of trailers to move ocean-shipping containers on U.S. roads.

The world’s seventh-largest container carrier has more than 500,000 containers, and many already are clogging up ports and truck yards, tying up trailers that cannot be used to handle other cargo. That is beginning to worry freight handlers at U.S. West Coast ports and is the first sign of knock-on effects from the failure of Hanjin.

The problem stems from Hanjin’s shortage of cash, which has stranded $14 billion of cargo owned by companies such as HP Inc (HPQ.N), Home Shopping Network (HSNI.O) and Samsung Electronics Co Ltd (005930.KS). Much of the cargo is on more than 100 ships at sea because cargo handlers, tug operators and ports are refusing to work with Hanjin unless they get paid up front.

A lawyer for the shipper did not immediately respond to a request for comment.

Terminal operators in the California ports of Long Beach and Oakland are not taking back empty containers. Many in the industry doubt Hanjin will pay storage costs, and a growing number of empty containers and the trailers they sit on are stranded.

“If it’s not fixed in the next couple of weeks, I think you’ll see a huge ripple effect across the industry,” said Weston LaBar, executive director for the Harbor Trucking Association in Long Beach, California.

LaBar said there are thousands of Hanjin containers on trailers out of circulation, and the uncertainty surrounding Hanjin appears to be pushing truckers to lock in trailers from his organization’s pool.

“We doubled in bookings this morning,” LaBar said. “We have availability, but we’re getting to the point where we may be leased out for our chassis.”

Shipping executives said there is ample supply of shipping containers, but trailers are limited. The West Coast ports previously have experienced brief shortages even when the stream of trade is functioning normally.

The Hanjin collapse has exacerbated the problem.

Read the full article here or request a quote here.