Intermodal & Trucking Veteran Val Noel Named President of Pacer Cartage

Business Wire, June 15, 2004

Business, Logistics and Transportation Editors

CONCORD, Calif.--(BUSINESS WIRE)--June 15, 2004

Pacer International, Inc. (Nasdaq:PACR), the non-asset based North American third-party logistics and freight transportation provider, today announced that Val T. Noel has joined the company as president of Pacer Cartage, Pacer's local trucking business unit.

Noel brings to Pacer more than 20 years of experience in intermodal and trucking operations, having held a number of key commercial and operating positions for CSX Intermodal (CSXI) and its predecessor companies, including, most recently, CSXI president.

Pacer Cartage is part of Pacer International's wholesale segment, which also includes Pacer Stacktrain. This segment provides double-stack rail and related transportation services, including cartage, for containerized freight.

"Working closely with Val Noel and his team," said Tom Shurstad, president of Pacer Stacktrain, "Pacer's wholesale segment will continue to work hand-in-hand with our customers, the intermodal marketing companies (IMC) and ocean carriers, to improve the door-to-door reliability of the intermodal product."

"With its comprehensive logistics and transportation services, Pacer International represents the future of intermodal transportation," added Noel. "I look forward to bringing my experience in trucking and intermodal operations to Pacer Cartage to improve services and support the company's growth."

MEANING OF "CARTAGE" -- Cartage, which is an integral part of the freight distribution process and is also called "drayage" or "local trucking," refers to the local pickup and delivery of freight by truck. It may involve transfer to or from a port or a railhead, or from a freight-handling facility to a retail outlet or other customer destination.

ABOUT PACER -- Pacer International, a leading non-asset based North American third-party logistics and freight transportation provider, offers a broad array of logistics and other services through its subsidiaries and divisions to facilitate the movement of freight from origin to destination. Its wholesale services include Stacktrain (cost-efficient, two-tiered rail transportation for containerized shipments) and cartage (local trucking) services; and its retail services include intermodal marketing, truck brokerage, truck services, warehousing and distribution, international freight forwarding, and supply-chain management services. Pacer International is headquartered in Concord, California. Its principal business units Pacer Stacktrain and Pacer Global Logistics are headquartered in Concord CA and in Dublin OH, respectively. Web sites: www.pacer-international.com, www.pacerstack.com, and www.pacerglobal.com.

Note: Issued by Steve Potash & Company, 510-865-0800 or steve@potashco.com