Pacer Says 3Q Profit Rises, CEO to Retire
Click here to write a Letter to the Editor.
In a separate release, Pacer announced Thursday that Donald Orris, its chief executive officer, will retire within a year after the company’s board names his successor.
ransportation and third-party logistics firm Pacer International said late Wednesday its third-quarter net income rose 25.5% to $18.3 million or 48 cents a share, from $14.6 million or 38 cents a year ago.
Revenue rose to $458.2 million from $441.6 million. Wholesale revenue rose 10.7% to $297.9 million.
Income from operations rose to $31.6 million from $26.1 million.
Orris founded Pacer, which is ranked No. 18 the Transport Topics 100 list of the largest U.S. and Canadian trucking companies, in 1997.
