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February 2, 2007 8:20 AM, EST

Patriot Transportation’s Fiscal 1Q Income Improves

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Patriot Transportation Holding reported net income of $2.2 million or 69 cents a share for its fiscal first quarter, up from $1.9 million or 62 cents a year earlier.Revenue for the quarter ended Dec. 31 rose 4.8% to $37.1 million, the company said late Thursday.Transportation segment revenue was $31.7 million, an increase of $1.4 million over the previous first quarter. Fuel surcharge revenue fell $500,000.Patriot operates tank carrier Florida Rock & Tank Lines, flatbed hauler SunBelt Transport and a real estate business.