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Intermodal Chassis Glossary: Industry Acronyms and Terms

Use this glossary of terms and acronyms to better understand the language and terminology of the intermodal industry.


Third-party logistics provider

Beneficial Cargo Owner. A company that owns the freight in a container being imported or exported, e.g., Home Depot, Amazon

Carrier Haulage (CH)
FFU street rate billed to ocean carriers

Container Yard (CY)
An off terminal storage facility for containers often located near the ports

Free-for-use (daily use model). Chassis are rented day-to-day at a published rate

Federal Motor Carrier Safety Administration – the organization responsible for requiring annual chassis inspections

Full-Service Lease
A Full-Service Lease is a fixed volume/term lease in which the IEP is responsible for most costs related to the chassis

Intermodal Equipment Provider. A company that makes intermodal equipment available for interchange and develops and implements procedures to repair the equipment from damages, defects, or deficiencies. E.g. DCLI, TRAC Intermodal, Flexi-Van

International Longshore and Warehouse Union

Motor Carrier (trucker). A company that employs truck drivers or contracts with owner-operators to move freight. E.g. Central States, B-H Transfer

Merchant Haulage (MH)
FFU street rate billed to motor carriers

Net Lease
A Net Lease is a fixed volume/term lease in which the lessee is responsible for all costs related to the chassis

Non Vessel Operating Common Carrier. Third-party logistics company that organizes shipments for individuals or companies to get goods from the manufacturer or producer to the market, customer, or final point of destination. E.g. Kuehne+Nagle, Expeditors

Ocean Carrier. A company that owns and operates vessels and offers ocean transportation to beneficial cargo owners and NVOCCs e.g. Maersk, COSCO

Multiple providers contribute their chassis to a pool to share capacity and costs

Radial Tire
A tire in which the fabric cords that make up the foundation of the tire run at right angles to the circumference of the tire

Refrigerated container requiring controlled temperature environment for items such as fruits, meats, fish, seafood, dairy, etc.

Repositioning (Repo)
The costs associated with moving a chassis from where it was dropped off to where it is needed

Steamship Line – see Ocean Carrier (OC)

A location where a gate transaction creates a record that is used to start or end a billable chassis movement

Trucker-owned wheels. Chassis equipment owned and/or leased by a Motor Carrier

Unitary Pool Concept Equipment Provider. A chassis provider is designated as a UPC by an ocean carrier in a pool and receives all revenue associated with that carrier’s moves