Pacer’s Fourth-Quarter Profit Mixed
Transportation and third-party logistics firm Pacer International’s fourth-quarter profit slipped to $20.6 million, from $21.5 million a year ago, but per-share earnings rose to 59 cents a share, from 57 cents a year earlier.
Revenue rose 8% to $540.2 million for the quarter ended Dec. 28, Pacer said late Monday.
For the full year also ended Dec. 28, Pacer’s earnings fell 21% to $54.3 million, or $1.51 per share, from $68.3 million, or $1.80, in 2006.
Pacer International, which runs rail intermodal, less-than-truckload and warehousing operations, is ranked No. 15 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers.
