August 21 - Further to our report of July 31, Pacer International, Inc has announced that it has closed the US2 million sale of certain assets of its heavy-haul trucking operation to subsidiaries of Universal Truckload Services, Inc. (UTSI).

Pacer said it plans to use the services of UTSI for heavy-haul highway transport when appropriate.

"We are pleased to have completed the sale of these assets to UTSI where these operations are a better strategic fit, and we appreciate the efforts of the team that closed this transaction on schedule," said Michael E. Uremovich, chairman and CEO of Pacer.