United petroleum transports

The acquisition marks a milestone for UPT, united petroleum transports, furthering its goal to become a top five bulk tank carrier by revenue, the company said in a release. We are excited about what we can offer our current and future customers by utilizing both brands from Arizona to Florida.

Florida Rock. Patriot shareholders approved the transaction at a special meeting of shareholders on December 19, UPT and Patriot finalized the transaction today. Florida Rock will retain its operating footprint and continue to operate under its historical brand. Since the initial announcement, Florida Rock's team has effectively collaborated with UPT in planning to enhance operational outcomes with a shared goal of increasing profitability and service to customers. The combination of these companies creates a top ten bulk tank carrier by revenue, with operations stretching from Arizona to Florida and over 1, professional drivers and 30 terminals.

United petroleum transports

Forgot password? Don't have an account? Sign Up! Already have an account? The acquisition of Patriot Transportation Holding, Inc. UPT represents a significant consolidation within the transportation sector, specifically the bulk tank carrier industry. The valuation of this deal warrants attention, as it reflects the current market conditions and the perceived value of Patriot's assets and customer base. From a financial perspective, the acquisition is likely to result in economies of scale, potentially lowering operational costs and increasing profitability. The transaction also suggests an immediate increase in UPT's revenue, positioning it as a top ten bulk tank carrier by revenue. However, it is crucial to monitor the integration process as it can incur significant costs and may present challenges that could affect the expected synergies. For current and potential investors, the key considerations include the impact on UPT's balance sheet, debt levels and the potential for revenue growth. The transition of Patriot from a publicly traded to a privately held entity also removes a market competitor, which could have regulatory implications and affect industry pricing dynamics.

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We work tirelessly not only to be awarded the opportunity to serve the needs of our customers, but once awarded, immediately begin the process of building and growing mutually beneficial relationships and partnerships in the quest to meet and exceed all expectations. Our approach is always about providing solutions; understanding and knowing the needs of our customers and then executing on our service. We utilize the best technology available in the industry to enhance our offerings and further differentiate ourselves from the competition. UPT is proud to be considered Best in Class amongst peers in a highly competitive industry, and we have been fortunate to receive countless safety awards from customers and industry associations throughout the years. All UPT equipment is built with safety in mind and have the highest standards in the industry. Our equipment is designed for protecting and transporting your specialized products. UPT recruits and employs only experienced, trained professional drivers.

We work tirelessly not only to be awarded the opportunity to serve the needs of our customers, but once awarded, immediately begin the process of building and growing mutually beneficial relationships and partnerships in the quest to meet and exceed all expectations. Our approach is always about providing solutions; understanding and knowing the needs of our customers and then executing on our service. We utilize the best technology available in the industry to enhance our offerings and further differentiate ourselves from the competition. UPT is proud to be considered Best in Class amongst peers in a highly competitive industry, and we have been fortunate to receive countless safety awards from customers and industry associations throughout the years. All UPT equipment is built with safety in mind and have the highest standards in the industry. Our equipment is designed for protecting and transporting your specialized products. UPT recruits and employs only experienced, trained professional drivers.

United petroleum transports

Florida Rock. Patriot shareholders approved the transaction at a special meeting of shareholders on December 19, UPT and Patriot finalized the transaction today. Florida Rock will retain its operating footprint and continue to operate under its historical brand. Since the initial announcement, Florida Rock's team has effectively collaborated with UPT in planning to enhance operational outcomes with a shared goal of increasing profitability and service to customers.

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News The UPT family in the news What was the value of the acquisition of Patriot Transportation Holding, Inc.? Dow Futures 38, Close Privacy Overview This website uses cookies to improve your experience while you navigate through the website. By retaining the Florida Rock brand, UPT demonstrates a strategic approach to leverage existing brand equity and customer loyalty, which can be advantageous in maintaining market share during the transition period. Website Link. Patriot were involved in the acquisition. Florida Rock. A Few of Our Valued Partners. Patriot conducts business through its wholly owned subsidiary, Florida Rock. Florida Rock will retain its name. UPT and Patriot finalized the transaction today.

Upon completion of the transaction, the combined company will have more than 1, drivers servicing markets from Arizona to Florida, covering 11 states and more than 30 terminals. Florida Rock transports petroleum and other liquids and dry bulk commodities.

Necessary cookies are absolutely essential for the website to function properly. We are committed to constantly reviewing and upgrading technology, in the trucks, on the trailers, and in our offices to ensure we are meeting and exceeding the needs of our customers in an always changing industry. Florida Rock will retain its operating footprint and continue to operate under its historical brand. Something went wrong while trying to create your new account. Forgot password? Florida Rock currently operates 19 terminals in addition to numerous truck domicile locations throughout the Southeast. The Benefits of UPT We work tirelessly not only to be awarded the opportunity to serve the needs of our customers, but once awarded, immediately begin the process of building and growing mutually beneficial relationships and partnerships in the quest to meet and exceed all expectations. Florida Rock. Sign Up! These cookies do not store any personal information. Florida Rock transports petroleum and other liquids and dry bulk commodities. I accept the user agreement. These cookies will be stored in your browser only with your consent. Our fleet of over six hundred professional drivers is a mix of company employees and independent contractors, all of which must continually meet and exceed rigorous safety standards. Share this!