Pilot Freight Services Reports Record Revenue in 2015

LIMA, Pa.—February 5, 2016— Pilot Freight Services, a worldwide provider of transportation and logistics services, announced today that it closed 2015 with record revenue of $556.3 million, an increase of 1.84 percent compared to 2014 sales volume and more than 1.4 million shipments for the year.

“Pilot’s continued ability to increase revenue is testament to our domestic and international reach, personalized service, and the customized solutions we offer customers worldwide,” says Richard Phillips, chief executive officer of Pilot. “Our people, technology, and unique understanding of how to optimize ground, ocean, and air capacity deliver real value to the marketplace and provide a demonstrative advantage we make available to some of the most sophisticated shippers in the world. Our opening of two new stations in Vancouver and Mexico City, enhances our positioning, and makes us the go-to freight forwarder serving NAFTA markets.”

In 2015, Pilot introduced a new retail services division, expanding its work with brick and mortar retailers. “Our retail services launch represents one of the most exciting developments of the year, and leverages our ability to handle shipping and visual logistics requirements for store planning, design and merchandising,” commented Phillips. “Today, we are working with major brand names, making Pilot Freight Services an ideally positioned partner for retailers seeking to better serve markets and build their market share.”

In 2015, Pilot’s National Account Domestic business represented the lion’s share of company growth, increasing 6.4 percent to $216.5 million of revenue, while international revenues grew six percent. Year over year revenue growth was diminished by considerable decreases in fuel prices. Particular pockets of opportunity were seen for Pilot Automotive, which grew 49 percent over 2014 volumes, while Pilot’s home delivery business registered a record year with revenues exceeding $123 million, representing 17.1 percent of the year’s business growth.