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Thursday, October 27, 2011

Closing out Q3 and looking ahead to the holidays

As the holidays approach and we prepare for our busiest time of the year -- thanks to the huge growth of our home delivery business over the past few years -- I'm excited to close out yet another strong quarter at Pilot. As we announced today (check out the press release below), Q3 was the seventh consecutive quarter in which our revenue grew, keeping us on pace to have our biggest year ever.

Special congratulations goes to two groups: government services, which was up a whopping 46 percent over Q3 of 2010, and special services, who almost matched that number, with 44 percent year-over-year growth. Both teams have had great success in landing new accounts, as well as getting additional business from current customers. Great job to everyone involved!

Pilot Freight Services Continues Strong Year with Third Quarter Growth 

Growth was led by the company’s special services and government groups 

Lima, Pa.—October 27, 2011Pilot Freight Services, a worldwide provider of transportation and logistics services, reported revenue of $122.2 million for the third quarter, ending September 30, 2011. This growth marks the seventh consecutive quarter of rising revenue numbers for the company. Pilot shipped more than 153 million pounds of freight in the quarter.

Pilot saw growth across all of its business segments, led by its government (up more than 46 percent year-over-year) and special services groups (up over 44 percent). Both business segments grew as a result of the addition of major new customers, as well as further penetration of existing business. Additionally, home delivery was up almost 10 percent for the quarter. As the company enters the fourth quarter, it is preparing for a major increase in revenue in its home delivery business, thanks to holiday deliveries of electronics and other consumer goods.

“Congratulations to everyone at Pilot who drove yet another successful quarter,” said Richard Phillips, chief executive officer of Pilot. “As we continue to grow, we remain committed to offering our customers a solid partner who is dedicated to solving their most difficult transportation and logistics problems."

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.

Press contact(s): Jessica@GregoryFCA.com
Web site: http://pilotdelivers.com/
Blog: http://blog.pilotdelivers.com
 Press room: http://pilotdelivers.com/pages/pilotnews.aspx