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  • Associated Press2 hours ago

    Patriot Transportation posts 3Q profit

    On a per-share basis, the Jacksonville, Florida-based company said it had profit of 42 cents. The tank truck carrier posted revenue of $31.4 million in the period. Patriot Transportation shares have declined ...

  • American City Business Journals3 months ago

    Patriot improves over grim last few quarters, but still misses on revenue

    Jacksonville-based tanker company Patriot Transportation Holding Inc. (PATI) posted second-quarter earnings of 26 cents per share, up from a significant 11 cent loss per share for the same period last year, but still managed to miss on revenue. Total revenue for the quarter was $29 million, down $689,000 year over year. "It's not what we like," said CEO Tom Baker on a conference call, "but we've shown improvement over our first quarter results and we expect more improvement." Compensation and benefit costs increased $979,000, or 9.1 cents per mile, driven by the decision in the second quarter to begin growing the driver count in excess of current demands to be positioned for opportunities that would arise during the spring and summer.