Pacer International, Inc. (NASDAQ: PACR), the North American freight transportation and global logistics services provider, announced that its Pacer Distribution Services (PDS) subsidiary has expanded its operation to the Seattle area with the leasing of space in Sumner, Washington. The Sumner property is located at 2701 142nd Avenue East, Suite #100 and is in close proximity to the ports of Seattle and Tacoma. Warehousing and transloading operations began on July 1, 2011. Pacer will also offer trucking services to support the facility and customers in the area. Recently, Mike O’Malley was hired by PDS as a new Vice President with sales and operational responsibilities in the Pacific Northwest and Southern California territories. Mike brings more than 30 years of executive level transportation and logistics experience to Pacer. Prior to joining Pacer, Mike held two positions with NYK serving as a Regional General Manager and VP of Sales and Marketing. Before working with NYK, Mike held positions with A&M Warehouses, Interstate Distributor, Chase Transportation, and May Trucking Company. “By securing a first-class facility and adding Mike O’Malley to our team, Pacer is looking forward to servicing customers that use the Seattle and Tacoma gateways in the Pacific Northwest. With our warehouse operations expertise, and the ability to integrate our transloading operation with our intermodal and highway products, we believe we have created a winning combination for customers in the Seattle and Tacoma areas,” said Kent Prokop, President of Pacer Distribution Services. Pacer’s warehousing and distribution unit has been operating in the Southern California area for over twenty years. PDS provides a variety of services to its customers including: public and contract warehousing, transloading, cross-docking, consolidation and de-consolidation, local and regional trucking and harbor drayage. ABOUT PACER INTERNATIONAL ( www.pacer.com) Pacer International, a leading asset-light North American freight transportation and logistics services provider, offers a broad array of services to facilitate the movement of freight from origin to destination through its intermodal and logistics operating segments. The intermodal segment offers container capacity, integrated local transportation services, and door-to-door intermodal shipment management. The logistics segment provides truck brokerage, warehousing and distribution, international freight forwarding, and supply-chain management services. For more information on Pacer International visit www.pacer.com.
Shares of Pacer International (Nasdaq:PACR) were gapping up Thursday morning with an open price 14.6% higher than Wednesday's closing price. The stock closed at $4.80 yesterday and opened today's trading at $5.50.