This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Pacer And CRST Establish Dedicated Drayage Agreements, CRST Forms New CRST IMX Operating Unit

Pacer International and CRST International announced today that they have agreed to multi-market dedicated drayage agreements focused on driving intermodal drayage efficiencies and providing incremental capacity for Pacer. Additionally, CRST has formed a separate operating unit, CRST IMX, within its Dedicated Services, Inc. subsidiary to provide this service. CRST IMX will market, sell, and operate an efficient network of intermodal drayage and other short-haul trucking services utilizing CRST’s on site management, dedicated tractors and qualified drivers.

The initial focus of CRST IMX will be to provide incremental capacity to Pacer as part of its highly integrated intermodal door-to-door product offering. The companies plan to add 200 trucks in 2012 with the first markets being Chicago, IL and Salt Lake City, UT. CRST will dedicate dray capacity using the latest model day cabs enabling Pacer to service heavier commodities while being more eco-friendly and fuel efficient. An expanded and collaborative effort by Pacer and CRST to attract additional short haul business is expected to reduce empty miles and help balance equipment flows.

“We are extremely excited about partnering with CRST to provide a higher integrated service offering at a competitive cost,” said Dan Avramovich, chairman and CEO of Pacer International. “The establishment of CRST dedicated contract agreements will allow Pacer to expand its dray capacity while tightly integrating the critical order management, street route planning, and dispatch management processes.”

“A leader in intermodal transportation, Pacer is an ideal customer for our dedicated capacity solutions for the short-haul and drayage market,” said Dave Rusch, president and CEO of CRST International. “Pacer has a deep understanding of the intermodal business and has long-time relationships with railroads, steamship lines, beneficial cargo owners and other users of intermodal transportation. Given CRST’s ability to rapidly provide safe, qualified drivers and efficient tractors, we expect that our dedicated solutions will attract other customers and allow for better equipment utilization, fewer empty miles, and lower costs.”

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,563.30 -317.06 -1.88%
S&P 500 1,930.67 -39.40 -2.00%
NASDAQ 4,369.7730 -93.1290 -2.09%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs