Pacer International, Inc. (NASDAQ: PACR), the North American freight transportation and global logistics services provider, announced the addition of Bob Noonan as executive vice president of International Logistics. In his new role, Mr. Noonan will lead Pacer’s Ocean World Lines, RF International, Pacer Distribution Services and PDS Trucking business units. Mr. Noonan will be charged with focusing on the growth of these businesses by expanding Pacer’s overseas and domestic footprint, developing new traffic lanes and service products, as well as integrating its air, ocean, freight forwarding, distribution, and domestic service offerings. Dan Gardner, CEO and president of the Ocean World Lines and RF International businesses, and Mike Stark, president of the Pacer Distribution Services and PDS Trucking businesses, will be reporting to Mr. Noonan. Michael Killea, who has been serving as executive vice president - International Logistics as well as chief Legal officer and general counsel, will continue as chief legal officer and general counsel for Pacer. Mr. Noonan brings to Pacer a wealth of experience in the international freight forwarding and global supply chain industries. For the past seven years, Mr. Noonan had served as senior vice president of Global Transportation for UPS Supply Chain Solutions. While in this position, he helped grow the business unit into a profitable global leader and led the operational due diligence and global integration teams for UPS’ acquisition of Menlo Worldwide Forwarding. Mr. Noonan also served as senior vice president of the Americas for UPS Freight Services, where he was responsible for all facets of the supply chain business. Prior to joining UPS, Mr. Noonan served in various executive leadership capacities at Air Tiger Express, Behring International, and Fritz Companies. “Bob’s considerable international and logistics experience as well as his proven track record of success will help us drive our strategy of growing our International Logistics businesses and becoming a single source provider of integrated global logistics solutions to our customers,” said Dan Avramovich, Pacer’s chief executive officer.
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.