Pacer International
is headquartered in Concord, California
.
have customs
Its principal business units Pacer Stacktrain
and Pacer Global Logistics are headquartered in Concord
, California,
and in Dublin, Ohio, respectively.m.
510-865-0800, or steve@potashco.Pacer International
Completes Repricing of Senior Credit Facilities
have professionals
----Pacer
International, Inc. (Nasdaq:PACR), the
North America logistics and
freight transportation provider, is named in the March 7 issue of
Fortune
Magazine as one of "America's Most Admired Companies. This could never have happened without the focus
and
dedication of our people," Orris said.Pacer International to Present at Raymond James Institutional
Investors Conference on March 9; Audio Webcast to Be Available
com
Web sites:
www
.focused rail
Pacer International Named to Fortune List of ''America's Most Admired Companies''
customs vacancies
8 billion for 2004
.----Pacer
International, Inc. Its wholesale services
include Stacktrain (cost-efficient, two-tiered
rail transportation for
containerized shipments) and cartage (local trucking) services, and
its
retail services include intermodal marketing, truck brokerage,
truck services, warehousing and distribution
, international freight
forwarding, and supply-chain management services.
Note to editors:
Issued by Steve Potash and Company, tel.nvo intermediaries
Should one or
more of these risks or uncertainties materialize
, or should underlying
assumptions or estimates prove incorrect, actual results may vary
materially
from those described herein as anticipated, believed,
expected or intended.maritime aviation
This rate reduction is
equivalent to an annual interest
expense reduction of approximately $700,000 based on the current
$139
million outstanding term loan balance, and without taking into account
the amortization of
associated loan fees.
"The repricing has been made possible by Pacer International's
strong operating
performance, accelerated debt repayments, and current
market conditions," according to Don Orris
, Pacer's chairman and chief
executive officer.cargo customs
truck job
" This is
the second consecutive year for Pacer
to be on the list. Eastern Time. Its principal business units,
Pacer Stacktrain and Pacer Global
Logistics, are headquartered in
Concord CA and in Dublin OH, respectively.com, and
www.job intermediaries
Companies
selected for recognition in the Fortune competition were
judged by executives of competing firms
, Fortune said. One of the company's key
strategies is to offer a full portfolio of individual logistics
and
transportation services, while at the same time providing integrated
supply-chain solutions
for customers that require customized support. (Nasdaq:PACR), the non-asset based North American
third
-party logistics and freight transportation provider, announced
that it has successfully completed
a second repricing of its senior
credit facilities.have rail
aviation vacancies
In January, Pacer was also named to Forbes
Magazine's "Platinum
400," a listing of the "Best Big Companies in the United States" for
2005
. "These accolades are
particularly heartening since they demonstrate that Pacer has been
able
to rapidly create a logistics company with a level of operating
excellence that is recognized and
respected by both competitors and
customers.
Michael E.
The Pacer presentation (audio) will
be broadcast live via the
Internet at http://www.logistics air
Business Editors/Logistics + Transportation
Writers
CONCORD, Calif. Pacer International is headquartered
in Concord, California.com
About Pacer International -- Pacer International, a leading
non-asset based North America third
-party logistics and freight
transportation provider, offers a broad array of logistics and other
services through its subsidiaries and divisions to facilitate the
movement of freight from origin
to destination. Pacer International
is headquartered in Concord, California.pacerstack.air customs
Don Orris
, Pacer's chief executive officer, said the Fortune
recognition, like the Forbes award before it,
validates that Pacer is
implementing its strategy successfully. Uremovich, Pacer's vice chairman
, and Larry Yarberry,
chief financial officer, will present an overview of the company.
510/865
-0800, or steve@potashco.trucking job
Web site:
www. They
will comment on Pacer's recent strong 2004 financial
performance and
its recovering retail product line.wsw.pacer-international.
Business Editors
/Logistics + Transportation Writers
CONCORD, Calif.0 million revolving
credit facility. "It
will bring significant additional savings to
the company's bottom line. Its business units Pacer
Stacktrain and Pacer Global Logistics are headquartered in Concord,
California, and in Dublin
, Ohio, respectively.trucking employment
(Nasdaq:PACR), the North America logistics and
transportation provider, will
participate in the Raymond James +
Associates 2005 Institutional Investors Conference on Wednesday
, March
9 at 2:50 p. Web site:
www.com
Note to editors: Issued by Steve Potash and Company
, tel.professionals aviation
Its services include
wholesale stacktrain (cost-efficient, two-tiered rail transportation
for
containerized shipments) and cartage (local trucking) services;
and retail intermodal marketing,
truck brokerage, trucking services,
warehousing and distribution, international freight forwarding
, and
supply-chain management services.pacer-international.maritime truck
The senior credit facility, established
in June 2003, provided for
a seven-year term loan maturing in 2010 in an original principal
amount
of $255. Among the important factors that could cause actual
results to differ materially from those
expressed or implied in the
forward-looking statements are the general economic and business
conditions;
congestion, work stoppages, capacity shortages or weather
related issues and service disruptions
affecting our rail and motor
transportation providers; industry trends, including changes in the
costs of services from rail and motor transportation providers;
changes in our business strategy
, development plans or cost savings
plans; the loss of one or more of our major customers; competition;
availability of qualified personnel; the frequency or severity of
accidents, particularly involving
our trucking operations; changes in,
or the failure to comply with, government regulations; changes
in
interest rates; difficulties in maintaining or enhancing our
information technology systems;
our ability to integrate acquired
businesses; terrorism and acts of war; and increases in our leverage
.cargo focused
Pacer, which was formed eight years ago and went public in 2002,
reported revenues of $1.
ABOUT PACER INTERNATIONAL -- Pacer International, a leading
non-asset based North America third
-party logistics and freight
transportation provider, offers through its subsidiaries and divisions
a broad array of logistics and other services to facilitate the
movement of freight from origin
to destination.pacer-international. The first repricing was completed in November 2003.5 million
in
outstanding letters of credit."
ABOUT PACER INTERNATIONAL -- Pacer International, a leading
non
-asset based North American third-party logistics and freight
transportation provider, offers a broad
array of logistics and other
services through its subsidiaries and divisions to facilitate the
movement
of freight from origin to destination.nvo aviation
The repricing provides for
further interest rate reductions
based upon Pacer's achieving certain
leverage ratios.5 million available with $15.com
intermediaries nvo
Winners were
evaluated on the basis of eight principal attributes of corporate
reputation: innovation
, employee talent, use of corporate assets,
social responsibility, quality of management, financial
soundness,
long-term investment, and quality of products and services. These
forward-looking statements
are based on the company's current
expectations and are subject to a number of risks, uncertainties
and
assumptions.focused aviation
com
com/webcast/rjii05/pacr/ and can also be
found on the Investors
page at www. Its wholesale services
include Stacktrain (cost-efficient, two-tiered rail transportation
for
containerized shipments) and cartage (local trucking) services; and
its retail services include
intermodal marketing, truck brokerage,
truck services, warehousing and distribution, international
freight
forwarding, and supply-chain management services.com
CERTAIN FORWARD-LOOKING STATEMENTS
-- This press release contains
or may contain forward-looking statements (as such term is defined
in
the Private Securities Litigation Reform Act of 1995). Except as otherwise required by federal
securities laws, the company does not undertake any obligation to
update such forward-looking
statements whether as a result of new
information, future events or otherwise.truck air
The repricing,
negotiated with a syndicate of financial
institutions led by Deutsche Bank, is expected to produce
an immediate
interest rate reduction for Pacer of 1/2 of one percent, or 50 basis
points.0 million
and a five-year, $75.pacerglobal.
Additional information about these and other factors that could
affect
the company's business is set forth in the company's various filings
with the Securities
and Exchange Commission, including those set forth
in the company's annual report on Form 10-K for
the year ended
December 31, 2004 filed with the SEC on March 14, 2005.job carriers
Business Editors/Logistics
+ Transportation Writers
Raymond James 26th Annual Institutional Investors Conference
CONCORD
, Calif. The revolving credit facility is not impacted by this
repricing and currently has $59.needs vacancies
--
--Pacer
International, Inc.ocean forwarding
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