Maersk Inc. announces sale of Direct Chassis Link, Inc.

The proposed sale of the company doing business as Direct Chassis Link, Inc. (“DCLI “ or the “Company”) comes after an agreement with to the private investment firm, Littlejohn & Co., LLC.

By ·

In keeping with a trend to shed assets, Maersk Inc. is selling its subsidiary, Maersk Equipment Services Company.

The proposed sale of the company doing business as Direct ChassisLink, Inc. (“DCLI “ or the “Company”) comes after an agreement with to the private investment firm, Littlejohn & Co., LLC.

As noted in LM recently, Maersk has been aggressively expanding its ocean carrier deployment network, while divesting itself of operations not related to its core competency.

“The A.P. Moller-Maersk Group’s strategy is to build on its strong presence in shipping, energy and related activities,” said J. Russell Bruner, Chairman and CEO of Maersk Inc. “We have been pleased with the business levels, the profitability and the quality of management at DCLI.  It is, however, a provider of chassis, and it does not fit in our long-term strategic focus.” 

The transaction is expected to be completed in March of 2012, subject to regulatory approvals and satisfaction of customary closing conditions.  The transaction will have no impact on the Group’s result for 2012.
DCLI rents and leases chassis to drayage companies and steamship lines in the United States.  The Company owns or leases approximately 66,000 chassis through a network of 129 locations strategically located on or near key ports and other intermodal hubs in the United States.

In a statement, Littlejohn managing director Edmund J. Feeley said, DCLI is “uniquely positioned” to service the strict requirements of ocean carriers, dray operators and railroads.


About the Author

Patrick Burnson, Executive Editor
Patrick Burnson is executive editor for Logistics Management and Supply Chain Management Review magazines and web sites. Patrick is a widely-published writer and editor who has spent most of his career covering international trade, global logistics, and supply chain management. He lives and works in San Francisco, providing readers with a Pacific Rim perspective on industry trends and forecasts. You can reach him directly at [email protected]

Subscribe to Logistics Management Magazine!

Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your entire logistics operation.
Start your FREE subscription today!

Latest Whitepaper
Outsourced Transportation Management
All the benefits of owning a fleet without the headache of managing it.
Download Today!
From the August 2017 Logistics Management Magazine Issue
Which carriers, third-party logistics providers, and North American ports have crossed the service excellence finish line ahead of their competitors? Our readers have cast their votes, and now it’s time to introduce this year’s winners of the coveted Quest for Quality Awards.
BMW Takes the Inland Road to Efficiency
Global Logistics: No Shortcuts to Security
View More From this Issue
Subscribe to Our Email Newsletter
Sign up today to receive our FREE, weekly email newsletter!
Latest Webcast
Getting the most out of your 3PL relationship
Join Evan Armstrong, president of Armstrong & Associates, as he explains how creating a balanced portfolio of "Top 50" global and domestic partners can maximize efficiency and mitigate risk.
Register Today!
EDITORS' PICKS
34th Annual Quest for Quality Awards: Winners Revealed
Which carriers, third-party logistics providers, and North American ports have crossed the service...
2017 Top 50 3PLs: Investment and Consolidation Maintain Traction
The trend set over the past few years for mergers and acquisitions has hardly subsided, and a fresh...

2017 Salary Survey: Fresh Voices Express Optimism
Our “33rd Annual Salary Survey” reflects more diversity entering the logistics management...
LM Exclusive: Major Modes Join E-commerce Mix
While last mile carriers receive much of the attention, the traditional modal heavyweights are in...