Pilot Freight Services Reports Strong Revenue Growth in First Quarter

Lima, Pa.—May 9, 2011—Pilot Freight Services, a worldwide provider of transportation and logistics services, today announced its fifth consecutive quarter of strong revenue growth. The company reported revenue of $114.7 million for the quarter ending March 30, 2011, a 34 percent increase over the same period in 2010. The company shipped more than 146.4 million pounds of freight, a 16 percent year-over-year increase. This continued momentum for Pilot extends its record-setting performance of 2010 and indicates that another record year is at hand in 2011.

Pilot’s automotive group saw its highest revenue numbers since being formed in 2007, up 13 percent from 2010. Additionally, the company saw strong growth from its national accounts, international and government business units.

“This was the best first quarter in Pilot’s 40-year history, and puts us on pace to set new revenue records in 2011. The strong demand we are seeing from customers, and our continued double-digit revenue growth is a testimony to our value-added business model,” said Richard Phillips, chief executive officer of Pilot. “Our team continues to do an incredible job servicing our customers and developing new business to sustain this aggressive growth.”