Pacer International
Pacer International, also known as Pacer Stacktrain stylized as PACER STACKTRAIN, is the former name of a major North American provider of intermodal services, was owned by XPO Logistics (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 Logistics 2014-2022 |
| Website | www.pacer.com |
With the acquisition of Pacer International on March 31, 2014, XPO Logistics 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 Logistics 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: 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 Logistics completed the acquisition of Pacer International.[4] Paul Smith was subsequently appointed as President–Intermodal Operations.
Operating structure
The former Pacer intermodal operations are part of the XPO Logistics freight brokerage business segment.
Awards and recognition
| 2008
Pacer Transportation Solutions, Inc. |
2007
Pacer Global Logistics |
| 2008
Pacer International, Inc. |
2006, 2005, 2004, and 1999
Pacer Stacktrain |
| 2007, 2006, and 2005
Pacer International, Inc. |
2006
Pacer Transport |
| 2007
Pacer Distribution Services |
2006
Pacer International, Inc. |
References
- Partners, STG Logistics; Wind Point. "STG Logistics Acquires the Intermodal Division of XPO Logistics". www.prnewswire.com. Retrieved 2023-06-13.
{{cite web}}: CS1 maint: multiple names: authors list (link) - "Pacer, BNSF Expand Intermodal Service". Retrieved 2009-01-22.
- "Pacer CEO to retire, COO tapped as replacement". 2009-12-15. Retrieved 2009-12-16.
- "XPO Logistics Completes Acquisition of Pacer International" (Press release). XPO Logistics. April 1, 2014. Retrieved August 18, 2014.
- "Awards & Recognition". Retrieved 2009-01-22.
- "Award to Pacer International; Reliable Logistics is Strategic Asset, Retailer Says". Retrieved 2009-03-19.