That number would have been impossible without every single one of our business segments marking significant gains for the year. Congratulations are in order for everyone for making this growth possible, and a special recognition goes to Larry Wenrich and the government group, which grew its revenue by an unbelievable 65 percent over the previous year. The work that they've done with both existing and new customers to serve U.S. interests at home and abroad clearly has not gone unnoticed.
As if these numbers weren't exciting enough on their own, I'm even more impressed by the fact that while we handled more volume in 2011 than ever before, we did so while achieving our best ever performance numbers. So not only did Pilot continue to grow, we also continued to deliver the excellent service our customers have come to expect. And that deserves a big round of applause all around.
After a year like that, where do we go from here? Nowhere but up.
Pilot Freight Services Breaks Records in 2011
Company marks largest year in its history with growth across all business segments
Lima, Pa.—February 1, 2012—Pilot Freight Services, a worldwide provider of transportation and logistics services, announced today that it broke company records for revenue, number of shipments, and total shipment weight in 2011. Pilot reported revenue of $491 million for the year ending December 31, 2011, an increase of nearly 16 percent from 2010. During that period, the company handled over one million shipments with a total weight of 595.5 million pounds. The year was closed out by a strong fourth quarter, with revenue of $141.5 million, up 10.5 percent year-over-year.
Pilot saw significant growth across all of its business segments, led by government (up a massive 64.6 percent year-over-year), special services (up over 33 percent), and international (up 24 percent). Government business has been a major part of Pilot’s growth over the past year, as the company continues to service agencies including the Department of Defense, Department of State and NASA, servicing the needs of our Armed Forces both domestically and in the Middle East and Africa.
“This was a remarkable year for all of us at Pilot, solidifying and building on our enormous growth in 2010,” said Richard Phillips, chief executive officer of Pilot. “But more important than just our revenue numbers is the fact that despite handling more volume than ever before, our performance numbers improved during the year. So not only were we able to build the business, but we did it while doing a better job for our customers – completing their deliveries on time and without damage."
Phillips continued, “We’re expecting to see continued growth in 2012, as we focus on not only continuing to secure large national accounts, but on growing our business on the local level throughout the country. This projected growth, coupled with new logistics and warehousing locations expected to open this year, gives us a lot to be excited about.”
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.
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