EXHIBIT 99.1


                PATRIOT TRANSPORTATION HOLDING, INC./NEWS

Contact: John D. Baker II, President and CEO    904/396-5733 ext.161



  PATRIOT TRANSPORTATION HOLDING, INC. ANNOUNCES STOCK REPURCHASE PROGRAM

Jacksonville, Florida; February 19, 2008 - Patriot Transportation Holding,
Inc. (NASDAQ-PATR) today announced that the Company's Board of Directors
has authorized the repurchase of up to $5 million of the Company's
outstanding common stock.  These repurchases may be made from time to time
in the open market or in privately negotiated transactions at prevailing
market prices as the Company's management deems appropriate.  The stock
repurchase program does not have an expiration date.

Investors are cautioned that any 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.
Additional information regarding these and other risk factors and
uncertainties may be found in the Company's filings with the Securities
and Exchange Commission.

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 liquid and dry bulk commodities.  SunBelt
Transport, Inc. serves the flatbed portion of the trucking industry in
the Southeastern states, hauling primarily construction materials.  The
Company's real estate group, comprised of FRP Development Corp. and Florida
Rock Properties, Inc., 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.