Pacer International, Inc. (NASDAQ: PACR), a leading North American logistics and freight transportation provider, announced the hiring of Paul C. Svindland to serve as Chief Operating Officer effective November 12, 2012. Before joining Pacer, Mr. Svindland served as Managing Director at AlixPartners, LLP, the global business-advisory firm, where he co-led the Global Transportation and Logistics Practice, working with carriers and shippers to improve their overall operational and financial performance. Prior to AlixPartners, Mr. Svindland worked at ICG Commerce, a leading sourcing, procurement and logistics Business Process Outsourcing (BPO) company where he developed and led the firm’s Global Logistics practice, growing revenue and expanding services in Asia, Europe and the Americas. Mr. Svindland’s experience also includes several years in management roles with Maersk Inc. "We look forward to the energy and expertise that Paul will bring to Pacer," said Dan Avramovich, Pacer’s Chief Executive Officer. "His deep industry knowledge and extensive experience advising transportation companies will bring valuable perspective to our executive leadership team. We are confident that, as a member of senior management, Paul will help us drive improvements with vision and passion." “My decision to join Pacer was the result of a strong belief in its people, brand and services," said Mr. Svindland. "While it’s tough to leave such a great firm as AlixPartners, I am excited about being part of a company with such a commitment to providing best-in-class customer service and innovative transportation solutions to its customers." Mr. Svindland earned an MBA in operations and marketing from The Wharton School of Business, University of Pennsylvania, and a Bachelor of Science degree in transportation and operations from Syracuse University. 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.