Patriot Transportation Holding has lost some of its transportation group customers, who accounted for about $10 million, or 11 percent, of the company's transportation group revenue
for the fiscal year ending Sept. 30, 2009.
According to Patriot, these customers did not renew contracts with the company, as they moved to competing carriers who offered lower pricing. The company says it will provide transitional services to these outgoing customers.
Patriot's transportation business is conducted through Florida Rock & Tank Lines, which it says is facing "an intensely competitive environment."
"Management is committed to securing replacement business at rates that produce satisfactory returns for our shareholders," the company said.
for the fiscal year ending Sept. 30, 2009.
According to Patriot, these customers did not renew contracts with the company, as they moved to competing carriers who offered lower pricing. The company says it will provide transitional services to these outgoing customers.
Patriot's transportation business is conducted through Florida Rock & Tank Lines, which it says is facing "an intensely competitive environment."
"Management is committed to securing replacement business at rates that produce satisfactory returns for our shareholders," the company said.
media brand
0 Comments
See all comments