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The new truck program will allow Pacer customers to minimize their exposure to the clean air fees that have recently been instituted by the ports of Los Angeles and Long Beach under their Clean Truck Program. The Pacer trucking companies are already compliant with all other Los Angeles and Long Beach port requirements, including the new Radio Frequency Identification (RFID) requirements made effective November 10, 2008.
The 230 new trucks will be leased to Pacer's owner operators. Pacer has the option to add 150 more trucks as market conditions warrant. The company will start accepting delivery of the new trucks in late November and plans to have all 230 deployed by the end of this year.
Dan Avramovich, Retail Intermodal Services President for Pacer International said, "This is an important step for our customers as well as the local community. By deploying the new trucks Pacer will reduce our customers' exposure to the $35 per TEU [20 foot equivalent unit] fee and meet the ports' new emission standards. Also, as a SmartWay partner, we are very pleased to further reduce emissions and improve fuel efficiency of our fleet."
"Pacer is making this important investment in our dray operations to improve service to our customers and ensure that we meet local and federal emission standards," added Michael E. Uremovich, Chairman and CEO of Pacer International. "This investment supports our initiative to provide best-in-class door-to-door transportation solutions for our customers."
ABOUT PACER INTERNATIONAL (www.pacer-international.com)
Pacer International, a leading asset-light North American freight transportation and third-party logistics provider, through its intermodal and logistics operating segments, offers a broad array of services to facilitate the movement of freight from origin to destination. The intermodal segment offers wholesale services provided by Pacer Stacktrain (cost-efficient, two-tiered rail transportation for containerized shipments) and Pacer Cartage (local trucking), as well as retail services through its Rail Brokerage group (intermodal marketing). The logistics segment provides retail truck brokerage, trucking, warehousing and distribution, international freight forwarding, and supply-chain management services. Pacer International is headquartered in Concord, California. Its intermodal and logistics operating segments are headquartered in Concord, California, and in Dublin, Ohio, respectively.
SOURCE: Pacer International, Inc.
INVESTOR CONTACT: Joseph B. Doherty, EVP Investor Relations & Treasurer Pacer International, Inc. (925) 887-1582 joe.doherty@pacer.comMEDIA CONTACT: Bill Fahrenwald James Street Associates (708) 371-0010 X 1# bfahrenwald@jamesstreetassoc.com
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