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Issue #588

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Intermodalism

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2014 Media Kit
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Pilot Freight Services reports boost in revenue for second quarter

By: | at 08:00 PM | Transport Intermediaries  

Pilot Freight Services reported revenue of $112.5 million for the second quarter, ending June 30, 2011, up 18.5 percent over the same period in 2010. This double digit growth marks the sixth consecutive quarter in which the company has seen skyrocketing revenue numbers.

Pilot saw significant increases across all of its business lines, with the largest growth coming from its government business (up 80.9 percent year-over-year) and international shipping (up 32.4 percent). The massive growth in the government sector reflects not only Pilot’s continued commitment to serving American armed services, but also a host of government agencies with unique transportation needs. It is also due in large part to the company expanding its customer base of defense contractors. Pilot’s national account, automotive and logistics divisions also grew at a fast pace.

“While continuing to see strong revenue numbers is always an important benchmark, this quarter we have much more to be excited about,” said Richard Phillips, chief executive officer of Pilot. “From the opening of our station in Amsterdam-the first for us in Europe-to the expansion of all our business lines, old and new, we continue to break new ground and make significant moves that I’m confident will foster long-term growth throughout the company. Pilot people have a lot to be proud of, but most of all we are proud of the work we do for our customers. Our continued growth reflects that pride.”