Pilot Freight has acquired its Metro New York franchise as part of efforts to capitalise on the growing e-commerce market.
The forwarder said that the franchise is a strategic asset due to the high concentration of deliveries for the Pilot system and the sustained sales growth across all service offerings.
The leadership and employees of the franchise will join the Pilot organisation as part of the transaction and will "continue to play a role in the long-term growth of the company", the company said.
Pilot has acquired 26 franchise locations over the last three years and completed the acquisition of last mile logistics provider, Manna Freight Systems, in 2018. As a result of these acquisitions, over 90% of Pilot’s locations are company-owned.
“Pilot’s expertise and our flexible solution model is our key differentiator. The Metro New York franchise has found success in delivering heavy bulky freight in one of the most challenging markets whether B2B or direct to consumers,” said Gordon Branov, chief executive officer of Pilot Freight Services. “We welcome the franchise employees and leadership to the Pilot corporate team and know that they will continue to contribute to the long-term growth, success, and stability of our company.”
Over the last six months, Pilot has experienced a surge in e-commerce delivery volume as rising consumer demand for outdoor lifestyle products, appliances, and home furnishings have reached peak levels.
The logistics firm added that domestic business-to-business volumes continue to recover while global freight movement remains at a high volume largely due to shipments of PPE equipment from Southeast Asia and production facilities resuming manufacturing at pre-pandemic levels.
