Patriot Transportation Holding, Inc.

Press Releases

Media Kit

Stock Information

PATRIOT TRANSPORTATION HOLDING, INC. ANNOUNCES NEW PRESIDENT OF SUNBELT TRANSPORT.

Jacksonville, Florida; April 5, 2004 -- Patriot Transportation Holding, Inc. (NASDAQ-PATR) today announced that Terry Phipps, who has served as SunBelt's Vice-President of Marketing and Traffic since May 2003, has been named as SunBelt's new President, effective immediately. Prior to joining SunBelt, Mr. Phipps served in various positions with Coastal Transport Inc., most recently as Vice-President of Sales. Mr. Phipps replaces Rick Copley, who resigned his position to pursue other interests.

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 the hauling by motor carrier of petroleum products and other liquid and dry bulk commodities. SunBelt Transport, Inc. serves the flatbed portion of the trucking industry in the Southeast, Midwest and Mid-Atlantic States, hauling primarily construction materials. The Company's real estate group, through subsidiaries, acquires, constructs, leases, operates and manages land and buildings to generate both current cash flows and long-term capital appreciation. The real estate group also owns real estate which is leased under mining royalty agreements or held for investment.

Investors are cautioned that statements in this press release which relate to the future are, by their nature, subject to risks and uncertainties that could cause actual results and events to differ materially from those indicated in such forward-looking statements. These include general business conditions, competitive factors, political, economic, regulatory, climatic, pricing, energy costs and technological contingencies. Additional information regarding these and other risk factors and uncertainties may be found in the Company's filings with the Securities and Exchange Commission.