Patriot Transportation Reports Improved 1Q Earnings
atriot Transportation Holding reported Friday it earned $1.9 million or 62 cents a share for its first fiscal quarter ended Dec. 31, compared with $1.7 million or 56 cents a year earlier.
Transportation segment revenues were $30.3 million, up 10% from the same period a year earlier. Fuel surcharges accounted for almost $2 million of the increase, the company said.
Revenue miles in the current quarter were up 2.4% compared with the fourth quarter of 2004 and were constrained by low driver availability, Patriot said.
Patriot operates tank carrier Florida Rock & Tank Lines, flatbed hauler SunBelt Transport and a real estate business.
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