Pacer International Reports Third Quarter and Year to Date Results: EPS of $0.03

Pacer International, Inc. PACR, the asset-light North American freight transportation and logistics services provider, today reported financial results for the three- and nine-month periods ended September 30, 2010. THIRD QUARTER RESULTS * Operating income increased by $2.6 million or 371.4%; * Gross margin percentage was 11.0% and increased slightly from 2009; * Revenues were $364.8 million. Excluding the impact of the transition of the east-west big box business and sale of the truck services unit in August 2009, revenues improved by $20.0 million or 5.9%; * Selling, general and administrative expenses decreased $8.5 million or 19.6%; * Hurricane Alex adversely impacted the operating income by an estimated $3.5 million to $4.0 million for the quarter; * A new internally-developed transportation management and operations solutions system was implemented to replace the systems previously provided through an agreement with APL for the intermodal operations. Earnings per share $$0.03