DUBLIN, Ohio--(BUSINESS WIRE)--Jun. 20, 2013--
Pacer International, Inc. (Nasdaq: PACR), a leading North American
freight transportation and global logistics services provider, is
pleased to announce that effective July 1, 2013, Pacer
International/Ocean World Lines (OWL) has entered into a new agreement
with CTS International Logistics Corporation, Ltd. that will further
expand its network. CTS brings 56 offices in mainland China to the
Pacer/OWL network, providing a location in every major business and
manufacturing center, port and airport. Pacer believes that CTS
International is perfectly situated for unmatched supplier relationship
management and origin and destination logistics activities.
“Pacer’s US domestic intermodal capacity and highway network streamline
our reach into the heartland of the USA. “ commented Mr. Chen Yu,
Executive Vice President at CTS, “And the OWL network reaches the
logistics supply chain country extremities demanded by our customers.
This partnership gives us the access we need.”
CTS already has facilities situated in those cost effective regions
where Chinese manufacturers are migrating to, and several members of
management within both companies have long-standing relationships that
further enhance the partnership and advance the business relationship
“CTS is an established, well respected organization located right where
our customers need them. We are extremely pleased to have the
opportunity to expand our global coverage for our customer base through
the CTS network. Pacer has been steadily expanding its US based sales
force over the last twelve months and is pooling additional resources
from its International and Intermodal business units to manage the new
business. From day one we will offer an unrivaled, complete end-to-end
solution from virtually any point in China, through Control Towers in
Shanghai, Singapore, the USA and Europe, to any point in the over
100-country strong OWL network.” remarked Bob Noonan, EVP International,
Pacer. “We can offer our customers direct-access to every major
production center in China without the typical concerns and asset
acquisitions associated with start-up operations.”
CTS was founded in 1984 and has since become a reputable name in the
logistics industry in China, ranking seventh in the country’s
top 100 logistics companies. CTS’s key products: ocean freight,
airfreight, customs brokerage, projects and warehousing, bond perfectly
to the competencies of the OWL Network, and its corporate vision and
strategy is core to OWL’s own philosophy.
ABOUT PACER INTERNATIONAL (http://www.pacer.com)
Pacer International, a leading asset-light North American freight
transportation and logistics services provider, offers a broad array of
services to facilitate the movement of freight from origin to
destination through its intermodal and logistics operating segments. The
intermodal segment offers container capacity,
integrated local transportation services,
and door-to-door intermodal shipment management.
The logistics segment provides truck brokerage,
warehousing and distribution, international
freight forwarding, and supply-chain
management services. For more information on Pacer
International, visit http://www.pacer.com.
Source: Pacer International, Inc.
Pacer International, Inc.
VP, Investor Relations & Financial Planning & Analysis
Tracy Williams, 609-806-1023
Account Manager, Public
Curtis, 609-452-8500 x118