For the fourth quarter of fiscal 2009, Patriot Transportation Holding posted income of $2.06 million, or 66 cents a share, down 36.1 percent from the same quarter of 2008, when income was $3.2 million, or $1.03 per share
.
The company's consolidated revenues were $27.8 million, a 20 percent drop over the same quarter of last year.
Within the transportation segment, the company saw revenues of $22.3 million in the quarter, down 12.4 percent, or about $6.4 million, from the fourth quarter of fiscal 2008. The company attributes the drop in part to the economic conditions.
According to the company, reduced miles driven in the transportation segment were offset by reduced vehicle accident costs, increased revenue per mile, higher gains on equipment sales and cost management. This resulted in a gross profit gain of $433,000, or 8.4 percent.
Patriot Reports Lower Income in Fiscal Fourth Quarter
For the fourth quarter of fiscal 2009, Patriot Transportation Holding posted income of $2.06 million, or 66 cents a share, down 36.1 percent from the same quarter of 2008, when income was $3.2 million, or $1.03 per shar
More Drivers
Maverick Announces 2026 Driver Pay Raises
New raises for Maverick Transportation drivers will take effect on May 31, 2026.
Read More →
Illinois Trucker Indicted for Nearly $22,000 in Ohio Turnpike Toll Evasion
Authorities say an Illinois trucker avoided paying tolls for two years, and now faces felony charges, possible prison time, and forfeiture of his Freightliner tractor.
Read More →
New Trojan Driver Cargo Theft Scam Bypasses Carrier Vetting Systems
Cargo theft rings plant operatives as drivers inside legitimate, fully vetted carriers, then execute coordinated thefts that look like a traditional straight theft from the outside.
Read More →
WIM, Trucker Path Name Top 3 Women-Friendly Truck Stops
ATA’s Women In Motion Council and Trucker Path highlight three truck stops that meet all seven safety-focused criteria and rank highest among female drivers.
Read More →
FMCSA Extends Paper Medical Card Exemption … Again
Five states still aren't ready to accept commercial driver medical exam information directly from the medical examiner's registry.
Read More →
Mack Launches Digital Driver Guide for Chassis-Specific Truck Info
Mack’s new, virtual owner’s manual delivers VIN-based, on-demand guidance for vehicle systems via web, app, and soon in-cab displays.
Read More →
Western Star Showcases Truckers' Pride and Skill
Western Star is expanding its Star Nation Experience in 2026, adding new competitions and dealer participation to highlight operator skills and promote careers in trucking.
Read More →
Best Fleets to Drive For: Two Carriers Earn Overall Award for First Time
CarriersEdge announced the 2026 Best Fleets to Drive For overall winners, with Crawford Trucking, Fortigo Freight Services, and FTC Transportation receiving top awards.
Read More →
Federal Proposal Would Allow Pell Grants for Shorter-Term Job Training
The Department of Labor plans to expand Pell Grant eligibility to some shorter workforce training programs, a move the American Trucking Associations said will help strengthen commercial driver training schools and diesel technician training programs.
Read More →
Owner-Operator Model Gets Boost as DOL Proposes 2024 Independent Contractor Definition Reversal
For an industry that has watched this issue go back and forth for years, the independent contractor proposal marks the latest swing in the regulatory pendulum.
Read More →