Pacer expanding intermodal services with BNSF
Pacer International Inc. said it has expanded intermodal services with BNSF Railway. Up until now, most of the company's business in the West has gone to the Union Pacific.
'This service expansion increases our market reach, service level offerings, and capacity in key intermodal lanes,' said Michael Uremovich, Pacer chairman and chief executive officer.
'The expanded BNSF service provides new high-value options within Pacer's intermodal product offerings. Our customers will be able to choose the right service — either on the BNSF or UP networks — that meets their needs in a particular market or lane,' Uremovich said.
According to its 2007 annual report with the Securities and Exchange Commission 'long-term rail contracts with Union Pacific and CSX represent a majority of our Stacktrain unit's cost of purchased transportation, while other business with Union Pacific and CSX is covered by shorter-term commercial arrangements.'
Pacer said, 'Business with other railroads, including the Burlington Northern Santa Fe, Canadian National Railroad and KCSM, constituted approximately 7 percent of our Stacktrain unit's cost of purchased transportation in 2007.'