NYK pulls out of N.Y.-N.J. chassis business

   NYK Line North America said it will no longer routinely provide chassis in the Northeast, including in the New York-New Jersey market, effective Nov. 14.
   NYK said the change would “build efficiencies while minimizing the environmental impact of having a large number of chassis that are used intermittently and have to be stored and moved.”
   Japan’s largest shipping company said it believed the policy change “will not only lower total cost but will also build greater flexibility for the trucker, minimizing inefficiencies in the performance of their daily work. In addition, the policy change will have an immediate impact on terminal congestion reducing turn time and ultimately providing a better product for the customer.”
   NYK, which has made the same change in some smaller markets such as Minneapolis and Oakland, said the timing of further extensions of the policy would be announced as the program evolves.