Pilot Freight reports big 2Q turnaround

PILOT Freight Services reports its second-quarter revenues jumped 27.5 per cent, to US$94.9 million, compared with the same quarter last year.

“After a tough year for the shipping and logistics industries in 2009, we’re seeing a major turnaround in 2010,” said John Hill, executive vice-president for sales for the Lima-based company.

Hill said the company saw increases across all segments, including international shipping, logistics, home delivery and expedited domestic airfreight. “The automotive sector saw especially strong growth throughout the quarter,” he added, with June being a particularly strong month, “the largest month in company history in terms of the number of shipments and total weight handled”. Compared with June 2009, monthly revenue was up 32.9 per cent.