PacerÆs 4th quarter profit up 5.4%
Concord, Calif.-based third-party logistics provider Pacer International Inc. reported fourth quarter net income of $21.5 million, up 5.4 percent over $20.4 million in the same period 2005.
Pacer's quarterly operating income rose 3.1 percent to $37.1 million with revenue dropping 0.4 percent to $502 million.
For the year, Pacer's income rose 34 percent to $68.3 million, from $50.9 million posted in 2005. Annual operating income jumped 27 percent to $118.3 million after a revenue gain of 1.5 percent to $1.89 billion.
Pacer’s 4th quarter profit up 5.4%
