Patriot Transportation Holding, Inc. (PATI) Research

Patriot Transportation Holding, Inc., through its primary subsidiary, Florida Rock & Tank Lines, Inc., specializes in the transport of various liquid and dry bulk commodities. The company's services encompass hauling refined petroleum products, such as gasoline and diesel fuel, along with diverse liquid chemicals and dry bulk materials like cement, lime, and other industrial powders. Patriot serves a broad clientele: its petroleum division caters to retail fuel outlets including convenience stores and hypermarkets, fuel wholesalers, and major oil companies. For its dry bulk and chemical transportation, the company partners with industrial enterprises, notably those in cement and concrete manufacturing, as well as various product distribution networks. As of September 30, 2021, Patriot's operational scale included a robust fleet of 282 company-owned tractors, 22 owner-operator units, and 420 trailers. These assets are managed from 18 terminals and 6 satellite locations spread across the southeastern U.S., specifically Florida, Georgia, Alabama, and Tennessee. The company maintains its corporate headquarters in Jacksonville, Florida.

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