Patriot Transportation to repurchase $5 million in stock

The Trucker News Services

2/20/2008

JACKSONVILLE, Fla. — Patriot Transportation Holding Inc. said Tuesday that the company's board of directors has authorized the repurchase of up to $5 million of the company's outstanding common stock. The stock repurchase program does not have an expiration date.

Patriot Transportation Holding Inc. is engaged in the transportation and real estate businesses. The company's transportation business is conducted through two wholly owned subsidiaries. Florida Rock & Tank Lines Inc. is a Southeastern transportation company concentrating in hauling liquid and dry bulk commodities. SunBelt Transport Inc. serves the flatbed portion of the trucking industry in the Southeastern states, hauling primarily construction materials.