Pacer’s Fourth-Quarter, Year-End Income Gain

ransportation and third-party logistics firm Pacer International said its fourth-quarter net income rose 20% to $20.4 million or 54 cents a share, from $17 million or 44 cents a share in the previous fourth quarter.

Revenue fell 5.1% for the quarter ended Dec. 30 to $503.8 million, the company said in a statement late Wednesday.

For its full fiscal year, also ended Dec. 30, Pacer’s profit rose to $50.9 million or $1.34 a share, from $47.2 million or $1.24 a year earlier.

“Our strong cash flow enabled us to repay $64 million of our debt and to pay our first dividend,” said Don Orris, Pacer’s chairman and chief executive officer.

The company in January named John Hickerson as Chairman and Chief Executive Officer of Pacer Transport, its truck services unit. (Click here for previous coverage.)

Pacer is ranked No. 16 the Transport Topics 100 list of the largest U.S. and Canadian trucking companies.