United petroleum transports

The acquisition marks a milestone for UPT, furthering its goal to become a top five bulk tank carrier by revenue, the company said in united petroleum transports release. We are excited about what we can offer our current and future customers by utilizing both brands from Arizona to Florida. The transaction is expected to be finalized in early Patriot will transition from a publicly traded company to a privately held entity, 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. 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

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. 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. Smart, efficient tools help us make our commitment to seamless deliveries a reality. 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. Skip to main content. 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. Learn More. Our Customers. A Few of Our Valued Partners.

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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.

Upon completion of the transaction, the combined company will have over 1, drivers servicing markets from Arizona to Florida covering 11 states with over 30 terminals. The companies have strong market brands and operate with a similar culture focused on safety and quality customer service. UPT will utilize the combined company strength, the high-quality employees and large regional and national customer base to strategically grow the business. Florida Rock serves the southeastern United States as a premier bulk tank carrier specializing in hauling primarily petroleum-related products and other liquid and dry bulk commodities. One of the largest regional tank truck carriers in North America, Florida Rock operates in Florida, Georgia, Alabama, and Tennessee with 17 terminals and six satellite locations.

United petroleum transports

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.

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About PATI patriot transportation holding, inc. With one of the most modern tank fleets available in the industry, Florida Rock is composed of more than tractors and trailers. Florida Rock transports petroleum and other liquids and dry bulk commodities. But opting out of some of these cookies may have an effect on your browsing experience. Country US. Sign me up for the newsletter. Florida Rock currently operates 19 terminals in addition to numerous truck domicile locations throughout the Southeast. United Petroleum Transports, Inc. Florida Rock will retain its operating footprint and continue to operate under its historical brand. Nasdaq Futures 18, Silver These cookies do not store any personal information.

Florida Rock.

LMI Finishing Inc. We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. How much did United Petroleum Transports, Inc. The handling of these legal aspects can significantly impact the success of the merger and the realization of its projected synergies. Related Content. Florida Rock will retain its operating footprint and continue to operate under its historical brand. Known to friends and colleagues as Bob, Ravitz, 71, was also an adjunct professor at the Oklahoma Ci[ Something went wrong while trying to create your new account. 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. Headquartered in Oklahoma City, UPT is a leader in the tank truck industry, with a professional driver base of more than professional drivers who safely and dependably serve UPT customers across the USA and Canada. 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. This category only includes cookies that ensures basic functionalities and security features of the website. 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. Breaking News: US economy adds , jobs in February, topping expectations. Financial Analyst.