Pacer International Inc. expected to Report Fiscal Year 2009 Results on February 8, 2010. This event was calculated by Capital IQ (Created on November 11, 2009).

Pacer International Inc. reached an agreement with Union Pacific (UNP) featuring a multi-year line-haul services extension that replaces the parties' current terms for domestic big-box shipments 48 to 53 feet containers that were to expire in 2011. The agreement also resolves outstanding claims relating to domestic container transportation between the companies, and calls for a payment of $30 million to PACR. It provides that rates and other terms and conditions of the existing agreement will no longer apply to domestic big-box shipments.

Pacer International Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported revenues decreased $139.1 million to $418.7 million compared to $557.8 million for the quarter ended September 19, 2008. Income from operations declined $28.6 million to an income of $0.7 million compared to an income of $29.3 million in the 2008 quarter. Net income declined from $20.8 million in the 2008 quarter to a net income of $0.6 million in the 2009 quarter. Diluted earning per share for the quarter was $0.02 compared to $0.59 per share for the same period last year. The company reported loss before income tax was $1.0 million. For the nine months, the company reported revenue decreased $423.2 million to $1,154.0 million compared to $1,577.2 million for the nine months ended September 19, 2008. Income from operations, which includes a $200.4 million pre-tax, non-cash goodwill impairment charge, was a loss of $234.2 million compared to income of $75.3 million in the 2008 period. Excluding the first quarter impairment charge, income from operations was a loss of $33.8 million. Included in income from operations in the 2009 period is $4.3 million for severance expense. Net income declined from $47.6 million or $1.36 diluted per share in the 2008 period to a net loss of $184.1 million, or $5.30 per diluted share, in the 2009 period. Net income includes the impact of the goodwill impairment charge, $161.2 million after-tax, or $4.64 per share. Excluding the impairment charge, net income was a loss of $22.9 million, or $0.66 per diluted share. The company reported net cash used for operating activities of $20.8 million and capital expenditures of $7.2 million for the period ended September 30, 2009. The company reported loss before income tax was $237.1 million. The company reported adjusted loss before income taxes of $36.7 million, net loss of $22.9 million or $0.66 diluted per share for the nine months ended September 30, 2009.