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.
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 of rail routes and a nationwide relationships with independent truck
drayage
Drayage is the transport of goods over a short distance in the shipping and logistics industries. Drayage is often part of a longer overall move, such as from a ship to a warehouse. Some research defines it specifically as "a truck pickup from ...
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
* 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
The Nasdaq Stock Market () (National Association of Securities Dealers Automated Quotations Stock Market) is an American stock exchange based in New York City. It is the most active stock trading venue in the US by volume, and ranked second ...
: 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.
** Pacer begins expansion of its truck brokerage and highway services units.
* 2009: Daniel W. Avramovich is appointed Chairman and CEO.
* 2014: On March 31, XPO, Inc. completed the acquisition of Pacer International.
Paul Smith was subsequently appointed as President–Intermodal Operations.
Operating structure
The former Pacer intermodal operations are part of the XPO, Inc. freight brokerage business segment.
References
External links
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Companies based in Contra Costa County, California
Companies formerly listed on the Nasdaq
Transportation companies of the United States
Transportation companies based in California
Transportation companies based in Ohio