Pacer Reports Higher 2Q Profit

Pacer International reported a higher second-quarter profit from a year ago, but its intermodal and logistics revenue declined.

Net income was $1.9 million or 5 cents a share, compared with $1.3 million or 4 cents, a year ago.

Revenue fell about 35% to $238 million from a year ago, Pacer said.

Intermodal revenue fell almost 40% to $184.3 million on lower volume, and logistics revenue slipped 13% to $54 million.