 Patriot Transportation Holdings Inc. reports a dismal first quarter in 2020, with a 464,000 net loss, after facing a myriad of industry headwinds including driver turnover, rising insurance premiums and a drop in the volume of freight it carried. For the first quarter, which closed Jan. 15, revenue declining roughly 3.2 million from the same quarter last year to 24.8 million, leading to the 14 cents per share net loss, down from a 27 cents per share gain a year ago. This quarters decline was mostly due to a decrease in miles driven after the company closed its Charlotte Terminal in May and the result of Patriot shedding some low-volume accounts, it said We are not pleased with our operating performance in Q1 and have a lot of work ahead to be successful during the remainder of this fiscal year, the company said in its filing. 