Pacer’s 1st-quarter profits up 22%
Concord, Calif.-based third-party logistics and freight transportation provider Pacer International Inc.’s first quarter net income jumped 22 percent to $13.9 million, compared to $11.4 million in the same period last year.
Operating income in the latest quarter rose 15 percent to $24.4 million, from $21.2 million a year earlier. Consolidated revenue improved 2 percent to $469.4 million from $460.1 million a year ago.