This Day On The Street
Continue to site
ADVERTISEMENT
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

Pacer International/Ocean World Lines Expands Network Extensively In China

Pacer International, Inc. (Nasdaq: PACR), a leading North American freight transportation and global logistics services provider, is pleased to announce that effective July 1, 2013, Pacer International/Ocean World Lines (OWL) has entered into a new agreement with CTS International Logistics Corporation, Ltd. that will further expand its network. CTS brings 56 offices in mainland China to the Pacer/OWL network, providing a location in every major business and manufacturing center, port and airport. Pacer believes that CTS International is perfectly situated for unmatched supplier relationship management and origin and destination logistics activities.

“Pacer’s US domestic intermodal capacity and highway network streamline our reach into the heartland of the USA. “ commented Mr. Chen Yu, Executive Vice President at CTS, “And the OWL network reaches the logistics supply chain country extremities demanded by our customers. This partnership gives us the access we need.”

CTS already has facilities situated in those cost effective regions where Chinese manufacturers are migrating to, and several members of management within both companies have long-standing relationships that further enhance the partnership and advance the business relationship development.

“CTS is an established, well respected organization located right where our customers need them. We are extremely pleased to have the opportunity to expand our global coverage for our customer base through the CTS network. Pacer has been steadily expanding its US based sales force over the last twelve months and is pooling additional resources from its International and Intermodal business units to manage the new business. From day one we will offer an unrivaled, complete end-to-end solution from virtually any point in China, through Control Towers in Shanghai, Singapore, the USA and Europe, to any point in the over 100-country strong OWL network.” remarked Bob Noonan, EVP International, Pacer. “We can offer our customers direct-access to every major production center in China without the typical concerns and asset acquisitions associated with start-up operations.”

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

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

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 18,232.02 -53.72 -0.29%
S&P 500 2,126.06 -4.76 -0.22%
NASDAQ 5,089.3620 -1.4320 -0.03%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs