Pacer Enters Agreement to Sell Assets of Its Specialized,

  Pacer Enters Agreement to Sell Assets of Its Specialized, Heavy-Haul
  Trucking Operation

Business Wire

CONCORD, Calif. -- July 27, 2009

Pacer International, Inc. (Nasdaq:PACR), the North American freight
transportation and logistics services provider, announced that it has entered
into an agreement with Universal Truckload Services, Inc. and UTS Leasing,
Inc. (collectively, “UTSI”) to sell certain assets. These assets include
customer, contractor and agent lists, and owned trailers of Pacer Transport,
its specialized heavy-haul trucking operation. In connection with its purchase
of these assets, UTSI will also assume, subject to receipt of appropriate
consents, two real property leases and equipment leases for tractors and
trailers used in the operation. The closing, which is subject to customary
closing conditions, is expected to occur in August. Pacer will retain rights
to all receivables generated by this trucking operation through the closing
date.

“We believe that UTSI is the right buyer for Pacer Transport and that this is
the right time to transition Transport’s people, assets, and customers into
the hands of a very capable company where they will complement UTSI’s services
portfolio. We appreciate the excellent progress the Transport team has been
making and look forward to a smooth transition into UTSI’s operations,” said
Michael E. Uremovich, chairman and CEO of Pacer.

ABOUT PACER INTERNATIONAL (www.pacer.com)

Pacer International is a leading asset-light North American freight
transportation and third-party logistics provider, and through its intermodal
and logistics operating segments, offers a broad array of services to
facilitate the movement of freight from origin to destination. The intermodal
segment offers wholesale services provided by Pacer Stacktrain
(cost-efficient, two-tiered rail transportation for containerized shipments)
and Pacer Cartage (local trucking), as well as retail services through its
Rail Brokerage unit (intermodal marketing). The logistics segment provides
retail truck brokerage, trucking, warehousing and distribution, international
freight forwarding, and supply-chain management services. Pacer International
is headquartered in Concord, California. Its intermodal and logistics
operating segments are headquartered in Concord, California, and in Dublin,
Ohio, respectively.

CERTAIN FORWARD-LOOKING STATEMENTS

This press release contains or may contain forward-looking statements (as such
term is defined in the Private Securities Litigation Reform Act of 1995).
These forward-looking statements are based on the company's current
expectations and beliefs and are subject to a number of risks, uncertainties
and assumptions. Among the important factors that could cause actual results
to differ materially from those expressed or implied in the forward-looking
statements are those set forth in the company's various filings with the
Securities and Exchange Commission, including those set forth in the company's
annual report on Form 10-K for the year ended December 26, 2008 filed with the
SEC on February 17, 2009 and the Form 10-Q for the quarter ended March 31,
2009 filed with the SEC on May 8, 2009. Should one or more of these risks or
uncertainties materialize, or should underlying assumptions or estimates prove
incorrect, actual results may vary materially from those described herein as
anticipated, believed, expected or intended. Except as otherwise required by
federal securities laws, the company does not undertake any obligation to
update such forward-looking statements whether as a result of new information,
future events or otherwise.

Contact:

Pacer International
INVESTOR CONTACT
Joseph B. Doherty, 925-887-1582
EVP, Investor Relations and Treasurer
joe.doherty@pacer.com
or
James Street Associates
MEDIA CONTACT
Bill Fahrenwald, 708-371-0110 ext. 1#
bfahrenwald@jamesstreetassoc.com
 
Press spacebar to pause and continue. Press esc to stop.