Pacer Finalizes Sale of Heavy-Haul Operations

Discussion in 'Motor Carrier Questions - The Inside Scoop' started by rookietrucker, Aug 21, 2009.

Aug 21, 2009 #1

rookietrucker Trucker Forum STAFF Staff Member

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Pacer Finalizes Sale of Heavy-Haul Operations

Pacer International has finalized a deal with Universal Truckload Services to sell its heavy-haul trucking operations to subsidiaries of Universal. As part of the $2 million deal, the subsidiaries will take over the real property leases and equipment leases for tractors and trailers used in the operation, as well as various customer, agent and other contracts.

Pacer initially announced the sale at the end of July.

Pacer retained the rights to all receivables generated by this trucking operation through the closing date. Pacer will continue its highway and intermodal operations as part of the integrated operations, and plans on using the UTSI heavy-haul highway transport services when appropriate.

more here>> Pacer Finalizes Sale of Heavy-Haul Operations

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rookietrucker, Aug 21, 2009

rookietrucker, Aug 21, 2009

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