Pacer International, also known as Pacer Stacktrain, is the former name of a major North American provider of intermodal services, was owned by XPO, Inc. (NYSE: XPO) which later sold it in 2022 to STG Logistics.[1]
 | |
| Industry | Intermodal (53’ containers) |
|---|---|
| Founded | 1997 |
| Headquarters | Divisional headquarters: Dublin, Ohio, United States |
Key people | Paul V. Smith, President–Intermodal Services |
| Services | Domestic Intermodal, Cross-border Mexico Intermodal, Drayage |
| Parent | STG Logistics 2022–present XPO, Inc. 2014–2022 |
| Website | www.pacer.com |
With the acquisition of Pacer International on March 31, 2014, XPO, Inc. became the third largest provider of intermodal services in North America and the largest provider of cross-border Mexico intermodal. The business facilitates one of the most comprehensive double-stack intermodal networks in North America, with access to more than 60,000 miles (97,000 km) of rail routes and a nationwide relationships with independent truck drayage carriers.
The former Pacer operations have been integrated into the XPO, Inc. service offering, which includes truck brokerage, intermodal, ground and air expedite, last mile logistics, contract logistics, freight forwarding, less-than-truckload brokerage and managed transportation.
Company history
edit- 1984: Don Orris leads the development of the first cost-effective double-stack rail network service, an innovation that led to a major change in the movement of domestic goods within the United States, Mexico, and Canada. Orris would go on to found Pacer International.
- 1997: Don Orris, chairman and CEO, founds Pacer International when he begins acquiring the 14 small-to-medium-sized companies in transportation, third party logistics, intermodal marketing, drayage, and ocean transportation.
- 1999: Pacer acquires APL Stacktrain and operates the new business unit as Pacer Stacktrain.
- 2001: Pacer consolidates its transportation and logistics brokerage services in its subsidiary Pacer Global Logistics. This unit was renamed Pacer Transportation Solutions in 2008.
- 2002: Ajay Amlani is hired to lead strategic initiatives at the company and lead its IPO process.
- 2002: Pacer becomes a public company (NASDAQ: PACR).
- 2006: Michael E. Uremovich is appointed Chairman and CEO.
- 2008:
- Pacer's intermodal network doubles in size with the addition of BNSF service routes.[2]
- Pacer begins expansion of its truck brokerage and highway services units.
- 2009: Daniel W. Avramovich is appointed Chairman and CEO.[3]
- 2014: On March 31, XPO, Inc. completed the acquisition of Pacer International.[4] Paul Smith was subsequently appointed as President–Intermodal Operations.
Operating structure
editThe former Pacer intermodal operations are part of the XPO, Inc. freight brokerage business segment.
References
edit- ^ "XPO Logistics to buy Pacer International in deal valued at $335 million - WSJ". Reuters. 2014-01-06. Retrieved 2023-11-02.
- ^ "Pacer, BNSF Expand Intermodal Service". Retrieved 2009-01-22.
- ^ "Pacer CEO to retire, COO tapped as replacement". 2009-12-15. Retrieved 2009-12-16.[dead link]
- ^ "XPO Logistics Completes Acquisition of Pacer International" (Press release). XPO Logistics. April 1, 2014. Retrieved August 18, 2014.
