Pacer International, Inc., the non-asset based North America third-party logistics and freight transportation provider, has reported financial results for the three-month period ended April 6, 2007. Reflecting a softening in domestic intermodal and truck volumes, income from operations decreased 41.0 percent to $14.4 million, compared to $24.4 million last year. Revenues decreased $4.3 million to $465.1 million compared to $469.4 million a year earlier.
"The softer domestic market impacted the company's rail brokerage, trucking and domestic Stacktrain operations and was partially offset by increased wholesale auto and wholesale international volumes," said Mike Uremovich, Pacer's chairman and chief executive officer.
"We are making changes at Pacer to streamline operations and increase efficiency and profitability in both of our operating segments and in the corporate offices," said Uremovich.