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Chassis Trends and the Future of the U.S. Chassis System

Chassis Trends and the Future of the U.S. Chassis System. Bernard J. Vaughan, Esq. Executive Vice President-Law & Administration Flexi-Van Leasing Inc., 251 Monroe Avenue, Kenilworth, NJ 07033 (908) 276-8000.

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Chassis Trends and the Future of the U.S. Chassis System

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  1. Chassis Trends and the Future of the U.S. Chassis System Bernard J. Vaughan, Esq. Executive Vice President-Law & Administration Flexi-Van Leasing Inc., 251 Monroe Avenue, Kenilworth, NJ 07033 (908) 276-8000

  2. 2010 Outlook – Global Recession is Over • Very gradual turnaround in worldwide intermodal trade • U.S. market will lag behind other markets (particularly Asia) • U.S. imports will remain depressed, expect to be slightly above 2009 levels • U.S. exports will improve moderately • Strengthening growth into 2011-12

  3. Huge Imbalance b/t Containership Supply & Demand

  4. U.S. Chassis Supply • Total U.S. Chassis Fleet – 825,000 (approx. 50% leased) • Declined in 2009 by 35,000 (or 4.2 %) • Scrapping & export sales • Virtually no new building

  5. Chassis Demand - Domestic • Domestic container traffic declined 16.8% in 2009 (-4.2% in 2008) • September 2009 – 7.3 million moves in 2008

  6. Chassis Demand – International Containers • 2008 – Import container traffic declined 8.2% to 17 million • Overall traffic declined by 712,000 TEU’s, with a total of 28.3 million containers moved • 2008 – Export containers totaled 11.3 million containers, expected drop to the 10 million range (11.3%)

  7. Chassis Fleets • Leasing company owned • User owned • Shipping lines • Railroads • Trucking companies • Others • Financial institutions (lease purchase/finance lease)

  8. U.S. Chassis Markets • Pools • OCEMA (Ocean Carrier Equipment Management Association) • CCM (Consolidated Chassis Management) • Neutral pools • Co-op pools • The “Maersk” model • Fleet Management

  9. Intermodal Equipment Provider (IEP) • Flexi-Van Leasing, Inc. • Traditional lease fleet • CCM pools • Neutral pools • Managed pools

  10. IEP • Register as IEP (12/17/09) • Equipment marking (GEIR) • Recordkeeping/record retention • DVIR’s • Systematic maintenance program • Compliance & audit

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