Pacer International, Inc. (Nasdaq: PACR), a leading North American freight transportation and global logistics services provider, is proud to announce that it has been named a Business Partner of the Year for 2012 by Procter & Gamble (P&G). The Business Partner of the Year award is the highest honor P & G bestows on its suppliers and agencies. Pacer is the first logistics company to be named a Business Partner of the Year by P&G. Pacer was one of the eight suppliers to win the award among P&G’s 75,000 plus global suppliers. Pacer received the award due to its demonstrated partner excellence through its outstanding performance as measured by P&G’s Supplier Performance Management System (SPMS). P&G’s SPMS measures its external business partners in the performance areas of commercial, operational, innovation and relationship. The SPMS provides P&G’s business partners with a stringent set of performance criteria that the business partner must meet and maintain throughout the year. “I congratulate Pacer for being the first logistics company recognized by P&G as a Business Partner of the Year,” said Rick Hughes, chief purchasing officer. "The entire P&G organization is focused on our top business priorities, and that includes our external business partners like Pacer who help us innovate, operate more efficiently, and win in the marketplace." “Receiving this distinguished Business Partner of the Year award from P&G is a validation of Pacer’s commitment to providing best-in-class customer service and our collaborative approach in bringing innovative transportation solutions to P&G and all of our customers. I want to thank Procter & Gamble for this great honor and we look forward to our continued success in bringing the highest levels of service and innovation to our customers,” said Dan Avramovich, chairman and CEO of Pacer. ABOUT PACER INTERNATIONAL ( http://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 http://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.