Patriot Transportation Holding Inc
Our business consists of hauling petroleum related products and dry bulk commodities
and liquid chemicals. We are one of the largest regional tank truck carriers
in North America. We operate terminals in Florida, Georgia, Alabama, South Carolina,
North Carolina and Tennessee. We do not own any of the products we haul; rather,
we act as a third party carrier to deliver our customers’ products from
point A to point B, using predominately Company employees and Company-owned
tractors and tank trailers. Approximately 82% of our business consists of hauling
liquid petroleum products (mostly gas and diesel fuel) from large scale fuel
storage facilities to our customers’ retail outlets (e.g. convenience
stores, truck stops and fuel depots) where we off-load the product into our
customer’s fuel storage tanks for ultimate sale to the retail consumer.
The remaining 18% of our business consists of hauling our customers’ dry
bulk commodities such as cement, lime and various industrial powder products
and liquid chemicals.
We are an important link in our customers’ fuel supply chain, transporting
primarily from petroleum terminals to retail locations such as hypermarkets,
convenience stores and truck stops. We also provide the last mile of delivery
service in the liquid chemical and dry bulk business primarily from distribution
facilities or manufacturing facilities to the end user. Cement and ash are delivered
to concrete plants, powdered lime to industrial users and liquid chemicals primarily
to the end user at a manufacturing plant or water treatment or storage facility.
2.28%