After continuing to break monthly and quarterly records all year long, we have been anticipating for months that 2010 would be the largest year in Pilot’s history. I’m happy to officially announce that we crushed our previous records, with $423.5 million in revenue for 2010. This marks an incredible 31 percent increase over 2009’s numbers.
The thanks for our success, as always, goes to the incredible Pilot team, who works tirelessly to serve our customers above and beyond their expectations.
This is a huge milestone for our company. We have emerged from the recession stronger than before, with local accounts, international shipping, national accounts, home delivery, automotive and logistics all growing very well. And we have exciting things on the horizon for 2011, including the continued expansion of our services, and the opening of new stations domestically and in Europe. Stay tuned to the blog for more details on these exciting developments.
For more details on our 2010 numbers, you can read the full press release below.
FOR IMMEDIATE RELEASE
Lima, Pa.—January 24, 2011—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.