Supply Chain News / Ground

Pilot Freight Services Reports 2Q Revenue Growth

August 15, 2012

Pilot Freight Services, a worldwide provider of transportation and logistics services, 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, the company said.
In the second quarter, Pilot saw steady increases in all areas of business with the most significant stemming from its special services business, up 65.5 percent year-over-year, and home delivery, up 37.2 percent over last year. The company attributed this sector growth 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 Pilot’s 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, CEO 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."

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