After a tough year industry-wide, I’m very happy to share the fact that Pilot just closed out the second quarter of 2010 with the largest volume month in company history! In June, we handled a larger number of shipments, and larger total weight than ever before. On top of that, it was the second largest revenue month we’ve ever seen.
This record month closed out a strong quarter for Pilot, with more than 27% growth over Q2 of 2009. I’m especially pleased to report that this growth was not in one particular segment of our business, but spread across the company. Every segment of our business was up in Q2, including automotive services, international shipping, logistics, home delivery and domestic expedited air freight.
Hopefully the new record set in June won’t last long, as we’re expecting to see continued growth through the remainder of the year.
Keep reading to see the full press release we put out today.
Lima, Pa.—July 19, 2010—Pilot Freight Services, a worldwide provider of transportation and logistics services, today announced revenue and shipment figures for the second quarter of 2010, ending June 30. The company reported revenue for the quarter of $94.9 million, up 27.5 percent from the same period in 2009.
Pilot saw the substantial increases across all segments of its business, including international shipping, logistics, home delivery and domestic expedited air freight. The automotive sector saw especially strong growth throughout the quarter. Additionally, June marked the largest month in company history in terms of the number of shipments and total weight handled, resulting in a 32.9 percent increase in revenue over June 2009.
“After a tough year for the shipping and logistics industries in 2009, we’re seeing a major turnaround in 2010, as shown by the strong numbers from Q2,” said John Hill, Executive Vice President of Sales for Pilot. “While the economy still has a long way to go, Pilot has managed to not only survive what we believe was the worst of the recession, but continued to evolve and expand our service offerings, while staying strong in each of our core business segments.”
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.