Pacer International, Inc. (NASDAQ: PACR), the North American freight transportation and global logistics services provider, announced today the expansion of its Mexico Direct (Intermodal/Double Stack) service between Chihuahua, Mexico and key markets within the U.S. and Canada. The service, which began operations on August 29, 2011, will operate five days per week to and from the Chihuahua market. The service utilizes Ferromex and Union Pacific networks. Pacer will support the new service by providing equipment from a fleet of more than 18,500 high cube intermodal containers and a newly established chassis pool located at the Ferromex rail ramp in Chihuahua. This service has been established to help customers, within 150 miles of the Chihuahua ramp, deliver their goods smoother. Pacer provides integrated intermodal door service with its extensive Pacer Cartage and core carrier drayage network throughout North America. Pacer's bi-lingual staff, located in Mexico and U.S.-Mexico border offices, has been serving customers in the Mexican trade for more than 20 years. "We have further expanded our Mexico services with the addition of Chihuahua, Mexico. Our customers are now able to improve their supply chain performance and the security of their products by eliminating the need to truck finished goods and production parts to/from the U.S.-Mexico border. Many years of intermodal service to and from Mexico make Pacer the leader in cross-border transportation," said Mike Burns, Chief Commercial Officer. 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.