Today, we announced our numbers for the first quarter, which reflected growth across the company, thanks to another three months of amazing work from the entire Pilot team. A couple of highlights include 71 percent year-over-year growth for our special services business, and an almost 20 percent increase for our government business.
With numbers like these, broad-based growth across the company as a whole, and the U.S. economy showing more signs of improvement, I can tell you that it's going to be another great year for Pilot.
Pilot Freight Services Marks Ninth Consecutive Quarter of Revenue Growth
LIMA, Pa.—May 15, 2012—Pilot Freight Services, a worldwide provider of transportation and logistics services, announced today that it has continued its pattern of growth, with $115.5 million in revenue for the first quarter, ending March 31, 2012. The company, which had a record-breaking year in 2011, continues to build on that momentum, shipping more than 149.8 million pounds over the quarter.
“While many of our competitors are struggling to stay afloat – with some going under completely – we've been able to not only stand our ground, but continue to grow,” said Richard Phillips, chief executive officer of Pilot. “We’re seeing moderate but steady growth in the economy, with the U.S. manufacturing and automotive industries really starting to rebound, so we’re expecting good things for Pilot in 2012.”
Phillips continued, “We've achieved broad-based growth across our product lines, as each of our business units steps up and continues to exceed customer expectations. This commitment to excellence, along with trends like increased near-shoring of manufacturing plants and warehouses to Mexico, has positioned us extremely well in the marketplace.”
Pilot saw tremendous first quarter growth in its special services business, which grew over 71 percent year-over-year from 2011, due in large part to a major competitor shutting down domestic operations, allowing the company to gain market share in that area. Additionally, Pilot’s government business saw a nearly 20 percent increase from last year, as it increased its work supporting U.S. armed forces domestically and abroad, particularly in Afghanistan and Africa.
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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