Pilot Freight Services Continues Revenue Growth in Third Quarter
Pilot Freight Services, a worldwide provider of transportation and logistics services, announced today that it has continued its strong growth with $130.9 million in revenue for the third quarter, ending September 30, 2012. The company, which expects to exceed the record revenue numbers it set in 2011, shipped more than 168 million pounds over the quarter.
“As I predicted earlier this year, we're continuing to see slow, but steady growth in the economy and improved consumer confidence, which is translating into more business for Pilot,” said Richard Phillips, chief executive officer of Pilot. “All of our lines of business are up, thanks to an uptick in shipments from existing customers, as well as an increase in market share in several areas. Our team continues to outdo themselves by doing whatever it takes to keep our quality numbers up, even as our volume increases.”
Pilot has seen tremendous growth in its government services business in 2012, a trend that continued in the third quarter, with a 77 percent year-over-year increase in revenue from the same period in 2011. Additionally, Pilot's home delivery and special services business were both up more than 30 percent for the quarter.
“We're seeing lots of activity in the government space, both in exports and imports,” said Larry Wenrich, Pilot's vice president of government sales. “We're continuing to move a large volume of freight to the Middle East and other overseas destinations, but because of the draw down in Afghanistan, we're also getting more requests to move freight back to the U.S.”
ABOUT PILOT FREIGHT SERVICES
Pilot Freight Services, Inc. is a full-service transportation and logistics provider with over 75 locations throughout North America and a recently opened station in Amsterdam, Netherlands. The company's freight forwarding services encompasses every mode of transportation, including air, ground and ocean, serving all corners of the globe. Pilot's logistics programs offer a complete line of expedited and time-definite services, international shipping solutions, product warehousing and inventory management. In addition, Pilot's online shipment navigator, CoPilot, makes online shipping fast, convenient and secure. Learn more about Pilot Freight Services at www.PilotDelivers.com.