Chassis provider TRAC Intermodal and a technology provider have unveiled cloud-based software designed to allow intermodal equipment providers and motor carriers to automate billing and reconcile invoices.
Intermodal Data Hub is a joint venture of TRAC, which with 278,000 active chassis is the largest U.S. intermodal equipment provider, and Gary Chilo, the founder of Blocking and Tackling LLC. The new platform is a cloud-based software as a service (SaaS).
The software applies business rules and software capabilities to reconcile equipment providers’ invoices against billing data imported from the motor carrier’s transportation management systems.
During the last several years, most intermodal chassis have been transferred from container lines, which traditionally provided them as part of a bundled service, to leasing companies that rent or lease them to motor carriers.
This transfer of control has added complexity to billing for equipment providers, which now must deal with hundreds of truckers instead of a handful of container lines, and for motor carriers that must keep up with invoices from multiple chassis providers.