$591.3 million in revenue marks the company’s best-performing year to date
LIMA, Pa. - Pilot Freight Services (Pilot), a worldwide provider of transportation and logistics services, announced today that it closed 2016 with record revenue of $591.3 million, a 4.5 percent increase from its 2015 revenue of $565 million.
“Pilot’s record-breaking milestones in 2016 were driven by a booming e-commerce/home delivery business and founded upon a diverse breadth of clients. That, along with our people, technology and expertise in optimizing ground, air and ocean capacity, allowed us to achieve historic success,” says Richard Phillips, chief executive officer of Pilot Freight Services.
The company handled a record 1.6 million shipments in 2016, an increase of 16.1 percent over the prior year. This accomplishment is a testament to Pilot’s investment in IT amidst a technology-driven industry, and its meticulous upkeep of driver and staff training.
An extensive and varied customer base trusted Pilot with a vast amount of shipments in the e-commerce/home delivery arena, accounting for $172.1 million of the year’s total. This topped the previous year by 39.6 percent, and comprised nearly 30 percent of the company’s overall revenue.
In the final month of the year, December 2016, Pilot enjoyed its most successful month in its 45-year history, with monthly revenue totaling $57.2 million, a 6.65 percent increase from the same month in 2015.
Throughout 2017, the company looks to continue its growth overseas while gaining traction in vertical domestic markets. Planned technology advancements will enable Pilot to continue providing customers with the cutting edge solutions needed to remain the global transportation and logistics provider of choice to some of the world’s largest companies.