XPO Logistics, athird-party logistics company that has seemingly made a business of acquisitions over the last two years, started 2014 by buying the third-largest intermodal player in the market, Pacer International. This step into the intermodal arena is somewhat new for XPO, which has concentrated mostly on trucking brokerages during its two-year buying spree. In 2012, the company purchased BirdDog Logistics, Kelron Logistics, Continental Freight Services and Turbo Logistics; last year, it acquired six companies, which included NLM, 3PD and Covered Logistics. Pacer is by far the largest company XPO has acquired so far, and the company had been in the sights of XPO Chief Executive Officer Brad Jacobs for a couple of years. Jacobs said Pacer's management had kept rebuffing his offers, and then a few months ago, everything changed.
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