TRAC Intermodal has appointed Daniel Walsh, formerly head of the last-mile business at XPO Logistics, as its new president and CEO.
Walsh replaces Jennifer Polli, who will leave the Princeton, New Jersey-based container chassis provider on Sept. 1.
Polli joined TRAC in 2012 and rose through the ranks to become president and CEO in 2018. The company credited her for leading the company through “significant transformation,” including its recent takeover by Stonepeak Infrastructure Partners.
Prior to TRAC, Polli served as vice president at Fortress Investment Group.
Walsh has worked for many years in the freight transportation industry. Prior to his appointment at XPO two and a half years ago, he spent two decades with Brambles Ltd. and served as president of the company’s pallet manufacturer, IFCO Systems North America.
TRAC is one of North America’s largest container chassis providers, with 180,000 pieces of equipment and 11 pools under its management across the U.S.
In February, New York-based private equity firm Stonepeak entered an agreement with Fortress Investment Group to acquire TRAC.
“We welcome the operational and capital support that Stonepeak will provide,” Polli said in a statement at the time of the acquisition’s announcement. “Their deep experience and relationships in North America will help fuel our continued growth and reinforce our industry leadership position in providing the highest quality products, reliable equipment and best-in-class customer service to the marine intermodal and transportation industries.”
Financial terms of the deal were not disclosed. Stonepeak closed the acquisition of TRAC on March 30.