Pacer Sells Truck Operation

Discussion in 'Motor Carrier Questions - The Inside Scoop' started by rookietrucker, Jul 29, 2009.

Jul 29, 2009 #1

rookietrucker Trucker Forum STAFF Staff Member

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Pacer Sells Truck Operation

Buyer expects $30-$40 million of extra revenue from deal

Intermodal and logistics firm Pacer International, in a sharp change in some of its transport operations as it struggles with steep losses, will sell its heavy-haul Pacer Transport trucking business to Universal Truckload Services, the companies said Monday.

They did not disclose sale terms. Universal said acquiring certain assets of Pacer Transport will add $30 million to $40 million to the truckers revenue. That Pacer operation, Universal said, has 99 company trucks, 480 owner-operators and about 130 agents.

Pacer said the sale will include customer, contractor and agent lists, and owned trailers of Pacer Transport. Universal will also assume two real property leases and equipment leases for tractors and trailers used in that operation, subject to consents being obtained, and the deal should close in August, Pacer said.

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rookietrucker, Jul 29, 2009

rookietrucker, Jul 29, 2009

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