The healthy commercial relationship between the two countries represents strong business opportunities for companies on both sides of the border. Customs requirements, trade agreements, weather and regulatory changes can impact cross-border freight flows. As capacity tightens and trucking regulations increase, over-the-road OTR transportation is becoming a less reliable, less cost-effective cross-border freight solution. Savvy cross-border supply chain managers are realizing short-term cost savings and long-term risk mitigation through modal diversification.
Intermodal business plan as a ContainerRental Partner Today An historic equipment rental perspective According to the American Assnociation of Railroads, Rail intermodal loadings posted year-over-year gains for 56 months in a row.
Ocean containers have been fueling the boom. How many opportunities are there to rent a shipping Container? According to one source, there are over million worldwide opportunities per year in a single Market Channel, and this number is growing.
If you are looking for an investment opportunity to strengthen your portfolio intermodal business plan diversely growing market channels, investing in equipment leasing and trading endeavors is certainly worth taking a look at.
As an Equipment Lessor, or prospective lessor, you not only invest in equipment, but you are investing in markets that demand container service across a multitude of industry channels. At the same time, this is a business that has a solid potential for long-term success.
For equipment brokers, traders and wholesalers, containers, at their core, can be considered commodities. They can be lower in value where there are surpluses, or at premium values in deficit markets-typically ports, where steamship lines discharge them. The secret is to locate these deficit markets and move containers into them.
But how do you move them? How do you find them. How do you communicate with buyers before you move equipment to them? What is the cost? How do you find partners, delivery companies and find the types of equipment and service providers? The key is to find freight that needs to be moved, and offer the transporter a container at a discount while lining up your service providers along the way.
This company may also need to rent the container for long or short-term storage after they ship their freight. Consider this example as a scenario of a One Way Rental: In the first part of this scenario, if you move the container from one port to another port, you can certainly sell the container and make a profit.
But why sell it if you can generate this amount of income from a rental? The call is totally up to the equipment owner, but hopefully you get this gist of this.
Here are a few links to stories related to equipment being detained and shippers are required to pay demurrage. Shipping Container Suppliers Announce Surcharges at Ports Containers can be held, detained, for a number of reasons, even when government enforces laws. Jet Ski Champ Pays.
The key challenges include finding where to make your investments, promote your opportunities, and network with other equipment traders.
There are systems available to large members of railroad, steamship and trucking operations, but these systems are very expensive and have strict requirements. These system owners are not interested in casual or smaller business clients, but we at containerrental.
On top of this, containerrental. Their shortages are our opportunities. These locations are characterized with standard 3 and 4 letters international codes.
Herein lies a major difference between containerrental. Across global markets, the use of containers continues to dominate the transportation of non-bulk commodities, and this continues to ripple into many sub-industry segments.
For example, in over million container moves took place across the world maritime ports, and the forecast suggests strong growth in the future from the Center for Transportation Research. In addition, marked the year that container freight passed coal as the number one source of railroad revenue in the United States from the Intermodal Association of North America.
The positive correlations of statistics like these are everywhere, and the room for expansion is very apparent. It is a significant piece of your history, your heritage, and your future.
The truck rental business, a version of equipment leasing, traces its history to shortly after WWII, an age of vast industrial growth in the US.
People were no longer restricted by geography to realize their dreams of better jobs and retirement locations; they could just pick up and move.
It was this time that L. Shoen fulfilled demand from families to rent trailers that made moving easier- with no labor cost involved. He believed there was an economic opportunity to build a nationwide company by providing the niche service, but like all small companies, he needed capital to invest in more trailers to respond to demand.
At this time, he turned to friends and neighbors for investment capital. Shoen set up the agreements that allowed the investors to own the equipment while he managed and rented it. The investor received rental income and profited from the arrangement, and Shoen received a management fee on rentals.
But there are some consumer problems in the rental of trucks, namely safety, which proves to be an expensive endeavor.What are the definitions of the terms in the intermodal equipment provider (IEP) regulation (73 FR )?
CN’s suite of electronic intermodal shipping tools is the fastest, easiest and most cost effective way to manage your CN shipment in North America and overseas. The business plan consists of a narrative (body) and financial worksheets.
Work through the sections in any order that you want, except for the Executive Summary, which should be done last. Skip any questions that do not apply to your type of business. Rail intermodal traffic tripled between and , according to the Association of American Railroads (AAR), from million trailers and containers to million.
Large investments were made in intermodal freight projects. An example was the USD $,, . Aurizon must continue operating its Queensland Intermodal business while the Federal Court hears a case brought by the Australian Competition and Consumer Commission over .
Intermodal transportation and rail shipping quotes with assistance from freight experts. Gain flexibility and competitive pricing for your business with near real-time intermodal transportation rates and the available capacity we provide.