JACKSONVILLE, Fla. — Patriot Transportation Holding Inc. reported Wednesday that its transportation group has been unsuccessful in renewing contracts with significant customers recently. For the fiscal year ending Sept. 30, 2009 the revenue from those customers was $10,012,000 or approximately 11 percent of transportation group revenue.
Patriot operates Florida Rock & Tank Lines Inc., which is a Southeastern transportation carrier specializing in liquid and dry bulk commodities.
The customers were lost to competing carriers due to lower pricing, Patriot said. The company also said it will provide transitional services to the customers.
“While Florida Rock & Tank Lines Inc. continues to face an intensely competitive environment, management is committed to securing replacement business at rates that produce satisfactory returns for our shareholders,” the Patriot statememt said.
Kevin Jones of The Trucker staff can be reached for comment at email@example.com.