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.

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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.

 

Press Release: Milestone Equipment Holdings Continues to Elevate Leadership Team, Names EJ Bronwasser Assistant Vice President of Operations, Chassis Division

BURR RIDGE, IL (August 10th, 2016) – Milestone announces the addition of EJ Bronwasser who joins the team as Assistant Vice President, Chassis Division. He will be based in Burr Ridge, IL and will report directly to Doug Hoehn, EVP Milestone Chassis & Managed Assets.

“Throughout my career I’ve maintained a passion for continuous improvement and being a part of a winning team, such as the one in place at Milestone,” says Bronwasser. “I look forward to helping to streamline processes, optimize our team’s efficiency, increase performance (on behalf of our customers and our team) as well as provide ongoing leadership to our Chassis outfit.”

Bronwasser brings 30 years of experience in equipment control within the ocean liner business. He has worked with such companies as P&O Nedlloyd, Maersk Line and NYK. In his most recent position at NYK, Bronwasser was the regional Operations Director managing all aspects of first and last mile logistics in addition to rail operations and vendor management.

”EJ’s wealth of experience will bolster the Milestone team as we continue to grow the Milestone Chassis Company business,” says Hoehn. “His systems knowledge and operational expertise will drive organizational excellence. Along with the newest premium marine, domestic and specialty chassis available in the market, adding talent like this will help Milestone to continue to anticipate and exceed client expectations.”

Bronwasser received his Bachelor of Science degree with an emphasis in Maritime Management from the Nautical Academy of Rotterdam, The Netherlands followed by his Master of Science degree with an emphasis in Intermodal Transportation from the University of Denver.  He is the current President of the Intermodal Association of Chicago.