CONCORD, Calif.--(BUSINESS WIRE)--Pacer International, Inc., a leading North American freight transportation and logistics provider, announced the appointment of Robert J. Grassi, 62, to the board of directors effective March 1, 2009. Grassi is a transportation industry veteran with experience as a top management executive and corporate officer. He retired as president and CEO of CSX World Terminals in 2003, and is now a consultant, providing management and financial support for transportation clients.
“Bob brings an impressive combination of financial, operational and management expertise to Pacer that will be an asset as we move forward with our key strategic initiatives,” said Michael E. Uremovich, chairman and CEO. “He will bring fresh and valued insights and we are pleased to have his vision and experience on the Pacer board.”
“Pacer has a wonderful brand, a respected name and a strong franchise,” Grassi said. “I have seen this business through various economic cycles and Pacer is well positioned in the industry. I look forward to supporting the company’s ongoing success, drawing on my transportation management experience as well as my financial experience.”
Grassi will serve on the board’s audit committee and qualifies as an audit committee financial expert under SEC regulations.
In addition to his leadership of CSX World Terminals from 1999 until 2003, Grassi held senior management positions with Sea-Land Service, Inc. for 22 years, finally serving as senior vice president and CFO. Prior to his career in the transportation sector, Grassi held financial management positions with major pharmaceutical companies.
He is a member of the American Institute of CPAs with an MBA from the City University of New York.
ABOUT PACER INTERNATIONAL (www.pacer.com)
Pacer International is a leading asset-light North American freight transportation and 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.