TRANSPORT and logistics services provider Pilot Freight Services (Pilot) anticipates e-commerce delivery in the 'heavy and hard-to-handle' H3D category will account for 30 per cent of its overall business, leading to a forecasted year-end revenue of US$800 million
TRANSPORT and logistics services provider Pilot Freight Services (Pilot) anticipates e-commerce delivery in the 'heavy and hard-to-handle' H3D category will account for 30 per cent of its overall business, leading to a forecasted year-end revenue of US$800 million. The company said in a release that second quarter revenues rose to a record $188.6 million. Coming on the heels of the recent acquisition of Manna Freight Systems, the company reports year-to-date revenues of $353.9 million.
Pilot is demonstrating diversified gains across all categories with revenue growth up 22 per cent in Q2 2018 when compared to the same quarter last year. Further indicators of the company's growth include moving 532.6 million pounds of freight in the second quarter, which is a 12 per cent increase over last quarter.
'For the third quarter in a row every Pilot product line saw over 20 per cent growth,' said chief commercial officer John Hill. 'Home delivery and e-commerce offerings will continue to be a focus as we integrate last-mile-only solutions to complement our existing full-mile service offering to current and new clients.'
The company added that 'investments in new technology solutions to seamlessly integrate and automate platforms while increasing transparency and efficiencies will advance the company's aggressive growth strategy.'
