PATI

Patriot Transportation Holding, Inc. serves the southeastern United States as a bulk tank carrier. The Company, through its subsidiary Florida Rock & Tank Lines, Inc., is engaged in the transportation of petroleum related products and dry bulk commodities and liquid chemicals. Approximately 86% of its business consists of hauling liquid petroleum products (mostly gas and diesel fuel) from large scale fuel storage facilities to its customers’ retail outlets where it off-loads the product into its customers’ fuel storage tanks for ultimate sale to the retail consumer. The remaining 14% of its business consists of hauling dry bulk commodities such as cement, lime and various industrial powder products and liquid chemicals. The Company’s dry bulk and chemical customers include industrial companies including cement and concrete accounts and product distribution companies.