May 09, 2012
Pacer International entered into a new multi-year agreement with CSX Transportation, under which CSX will continue as Pacer's primary rail carrier in the Eastern U.S.Taken together with the existing agreements between Pacer and CSX, which remain in place, the new agreement provides terms of service for shipments in Pacer's private container fleet of 18,000 plus containers over a multi-year term."A key element of Pacer's success is strong, collaborative relationships with our major rail carriers like CSX," says Dan Avramovich, Pacer's CEO. "We recognize that CSX's intermodal business serves more major eastern U.S. markets than any other rail carrier, and we will be working closely with CSX to capitalize on favorable trends in the intermodal industry. "We expect this new agreement will provide the foundation to increase our volumes on CSX, particularly east-to-east shipments, expand our services to existing customers, and win new customers with our seamless coordination and control of equipment, technology, and service delivery."