Martin Tuchman has been inducted into the Newark College of Engineering 100 Alumni Hall of Fame at the New Jersey Institute of Technology.
Tuchman earned a bachelor’s degree from the New Jersey Institute of Technology in mechanical engineering in 1962 and a Master of Business Administration from Seton Hall University in 1968. He is chairman and chief executive officer of The Tuchman Group, a firm with holdings in real estate, banking and international shipping.
In 1962, Tuchman joined the Railway Express Agency as an automotive engineer. While at the agency, he worked with the American National Standards Institute and, together with a group of other shipping engineers, developed the current standard for intermodal containers and chassis. The purpose of the standard was to allow for interchangeability of equipment in each mode of transportation: rail, truck and ship, as well as for structural integrity. The standard is still in use today.
In 1968, Tuchman and Warren Serenbetz founded Interpool, one of the nation’s leading container and leasing corporations. In 1978, TBG Holdings NV, an international holding company, acquired Interpool; Tuchman remained as CEO until 1985. In 1988, Tuchman re-acquired Interpool. He had it listed on the New York Stock Exchange in 1993. Today the company ranks as one of the top-three international leasing companies in terms of net worth, with headquarters in Princeton and offices throughout the world.
In 1987, Tuchman formed Trac Lease, and developed it into the largest chassis leasing company in the United States, with over 150,000 units operating over the road and in rail service.
In 1995, Tuchman was honored as Entrepreneur of the Year in an awards program founded by Ernst & Young. In 1996, he was named Alumnus of the Year by NJIT. On March 3, 2016, NJIT’s School of Management was named in his honor the Martin Tuchman School of Management.