Pilot Freight Services Closes Out Largest Year in Company History

Revenue for the year jumped 31 percent over 2009

LIMA, Pa.--(BUSINESS WIRE)-- Pilot Freight Services, a worldwide provider of transportation and logistics services, announced today it recorded record annual revenue and shipment volume for 2010. Revenue for the year was $423.5 million, a 31 percent increase over 2009, and the company shipped more than 583.4 million pounds of freight in 2010, a 29 percent year-over-year increase.

Despite the struggling economy, Pilot achieved the highest annual revenue and shipment volume since its formation in 1970. The company has seen steady growth since late 2009, continually surpassing its own records. December was also the single largest month in company history, with $45.7 million in revenue.

Pilot achieved substantial growth across all business segments for the year, with its international shipping sector leading the way with 60 percent year-over-year growth. Other sectors showing large increases included logistics (26 percent), domestic shipping (18 percent) and national accounts (25 percent).

“We set some high goals for ourselves in 2010, not only in terms of our customer service, product offerings and on-time performance, but also for our revenue growth. I am proud to say that we have exceeded all of them,” said Richard Phillips, CEO of Pilot. “It’s been very rewarding to see that the hard work by the entire Pilot team has paid off. We’re looking forward to another record year in 2011, and we have some exciting events on the horizon, including the opening of our first office in Europe and the continued expansion of our product offerings.”

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.

PRESS RESOURCES

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Web site: http://pilotdelivers.com/
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Press room: http://pilotdelivers.com/pages/pilotnews.aspx

Contacts

Press contact:
Gregory FCA
Jessica Attanasio, Account Executive, 610-228-2112
Mobile: 732-995-5366
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Company contact:
Pilot Freight Services, Inc.
Peter Placido, Director of Marketing, 610-891-8511
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