The parent to liquid and dry bulk carrier Florida Rock and Tank lines reports earnings in the final three months of last year fell 25% from a year earlier, despite an increase in revenue.
Patriot Transportation Earnings Fall
The parent to liquid and dry bulk carrier Florida Rock and Tank lines reports earnings in the final three months of last year fell 25% from a year earlier, despite an increase in revenue.
by Staff
February 4, 2014
1 min to read
Florida-based Patriot Transportation Holding net income of $2.34 million or $.24 per share compares $3.12 million or $.33 per share in the same period last year.
Total revenues during the period were $38.8 million, a 17.4% gain over the same quarter last year.
Transportation segment revenues were $31.59 million in the first quarter of 2014, an increase of $4.95 million over the same quarter last year.
In the company’s other interests, mining royalty land segment revenues were $1.27 million, a decrease of 4.7% over the same quarter a year ago while developed property rentals segment revenues were $5.96 million, an increase of 17.2%.
Consolidated operating profit was $4.12 million, a drop of 6.4% compared to a year earlier.
More information is on the Patriot Transportation website.
More Fleet Management
Ohio Turnpike Targets $5.2 Million in Unpaid Tolls from Trucking Firms
More than 300 carriers across 26 states have been sent to collections as the Ohio Turnpike cracks down on toll evasion and delinquent payments.
Read More →
'Beyond Compliance,' Regulations, Driver Coaching on ATRI’s 2026 Research List
The American Transportation Research Institute will examine driver coaching, regulatory impacts — including the "Beyond Compliance" concept —and weather disruptions that shape trucking operations.
Read More →
Fleet Advantage's Brian Antonellis on the Growing Need to Replace Old Trucks
Fleet Advantage's Brian Antonellis says it's time for fleets to get back to the fundamentals of good maintenance practices. And that includes replacing older, inefficient equipment.
Read More →
Truckstop.com Adding to Open Deck, Heavy Haul Offerings
Load matching for flatbed, lowbed, oversize and overweight loads can't be automated like basic van freight, but Truckstop.com is adding more high-tech tools to help.
Read More →
Trucker Path, Truckstop.com Expand Load Access Partnership
An expanded Trucker Path and Truckstop.com integration brings more freight opportunities into the TruckLoads app while emphasizing security and network quality.
Read More →
Truckload Rates Hit Two-Year Highs as Diesel Costs Surge, DAT Says
Strong March freight demand combined with a spike in fuel costs pushed both spot and contract truckload rates to their highest levels in more than two years.
Read More →
The AI Conversation You Need to Have with Your TMS Provider
Everyone’s talking about AI — but is your transportation management system actually built for it?
Read More →
Kriska Buys Fellow Canadian Carrier Sharp Transportation Systems
Being part of KTG will allow Sharp to expand and improve its services.
Read More →
Bill in House Would Raise Minimum Insurance for Motor Carriers to $5 Million
The Fair Compensation for Truck Crash Victims Act would increase insurance requirements for interstate motor carriers by nearly seven times.
Read More →
FTR Trucking Conditions Index Hits Four-Year High in February
Strong freight rates push TCI to 10.2, but FTR expects fuel-price volatility to skew March results.
Read More →