It’s been an exciting first half of the year for everyone at Pilot. Our first quarter marked nine quarters of steady revenue growth and we are happy to say that the second quarter of 2012 has been no different. As a company, we have seen significant and continued growth, increasing our revenue by 12.5 percent from the second quarter of 2011.
The fantastic team at Pilot deserves much of the credit; especially those that helped our special services business grow this quarter—now up 65.5 percent year-over-year, along with our home delivery segment, which is up 37.2 percent over last year. Take a peek below for more about our solid second quarter. In addition, we congratulate Miami and Laredo on breaking the $1 million mark in monthly revenues, and recognize Pilot Seattle for their tremendous growth.
I have every confidence in the world that Pilot will continue to make huge strides and finish out the second half of the year with long-term revenue growth. We are excited about our employees’ hard work and Pilot’s ongoing commitment to exceeding customer expectations.
Pilot Freight Services Reports Strong Revenue Growth for Second Quarter
Revenue for the quarter rose more than 12 percent over Q2 of 2011
LIMA, PA—July 26, 2012—Pilot Freight Services, a worldwide provider of transportation and logistics services, today announced reported revenue of $126.5 million for the second quarter, ending June 30, 2012. This marks a 12.5 percent increase over the same period in 2011 and a continued strengthening in the momentum of ten consecutive quarters of revenue growth.
In Q2, Pilot saw steady increases in all areas of business with the most significant stemming from their special services business, up 65.5 percent year-over-year and home delivery, up 37.2 percent over last year. This sector growth is attributed to a diversification in home deliveries product shipment including outdoor products as well as home furnishings. The special services division saw growth as a result of their asset recovery and medical equipment businesses.
“We are incredibly excited to see our numbers grow across all industry sectors and our customer base further develop,” said Richard Phillips, chief executive officer of Pilot. “In the third quarter of 2012, we look forward to seeing sustained long term revenue growth as a result of our dedication to exceeding our customers’ needs and expectations while consistently developing our business lines to serve a broader customer base. I am confident that by focusing on our customers’ needs and taking pride in the work that we do, we will continue to foster our long-term company growth.”
ABOUT PILOT FREIGHT SERVICES
Pilot Freight Services, Inc. is a full-service transportation and logistics provider with over 75 locations throughout North America. Pilot is also a founding member of the World Freight Alliance (WFA), operating in more than 190 countries worldwide. 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.