Pacer sells heavy haul truck operation
Transportation and logistics company Pacer International said it has entered into an agreement to sell the assets of its specialized, heavy haul trucking operation to Universal Truckload Services Inc. and UTS Leasing Inc.
The closing, which is subject to customary closing conditions, is expected to occur in August.
'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,” said Michael E. Uremovich, chairman and chief executive officer of Pacer.
Pacer sells heavy haul truck operation
