Good afternoon, and thank you all for being on the call today and for your interest in Patriot Transportation.
CEO McNulty, Transportation, and our our Accounting Sandlin, today with John Rob Chief Matt are Chief Officer. am of and Patriot me Klopfenstein, I Financial Officer;
that results, relate and that the events actual from and future nature, materially me our uncertainties this their to into those by to such to get made during differ we caution Before forward-looking indicated results you subject any are, that statements call cause statements. let by risks could
and factors and risk may other and these regarding filings Securities information in found the company's Exchange uncertainties the Additional be with Commission.
first company to a last $X.XX per net negative quarter results, or net our year's For or per loss of quarter. $X.XX quarter $XXX,XXX today, or a reported a a -- in $XXX,XXX of the share loss first compared share of loss $X.XX
Total a revenues the remaining of closing of quarter lower on terminal. North from last the the COVID-XX negative large Carolina primarily $X,XXX,XXX driver of customers the same demand of downsizing attributable due petroleum to and decline the is to Wilmington, X were year count. and impacts decrease our revenue $XX,XXX,XXX, The
Our transportation X.X% due last lower-rated or rate per revenue $X.XX quarter $X,XXX,XXX. eliminating revenue same business. by increases and surcharge was mile to Fuel year's down versus increased
fleet. mainly Compensation $XXX,XXX by decreased miles, less to and as reduction lower to staff. we $X,XXX,XXX benefits expense the Depreciation minimum rightsize of decreased company due pay nondriver expense continue and
tractor. lower was to $XXX,XXX $XXX,XXX to was repair due loss to nonpreventable management's decreased The $XX,XXX lower losses lower health costs. and due assets newer lower decision of and disposition a a and Insurance decreased claims, claims due of to model accident of due expense certain SG&A to health -- tire care miles.
operating to result, operating an of operating quarter. first loss last to an in compared -- quarter a $XXX,XXX quarter, last $XXX,XXX of with XXX.X loss during ratio XXX.X year's year's $XXX,XXX As negative compared was the for
be declines certain downsized and in revenue markets. continues XXXX, with to of challenge during a pay made January, revenue first outlook, to driving whole. quarter decreased will and have the customers, a hiring we in problem additional tell quarter The and this business a adjustments lower drivers resulting soon industry summary Management related hire some trucking new seen turnover in For and COVID-related shortage in -- shortage to some as that to our driver too us during some but for the driver due if last. and it's improvements
which private store the ability company our in cost our We have some fleet also a putting a of of and revenue training. in grow to add begin markets, our driver one major availability on convenience to strain and seen those markets, is thus hiring increasing impacting
reducing business making overhead. and lower-rated changes continue to freight eliminating We by our
Our higher intention and rates continue the to liability rising the auto offset and hiring cost partner to this is time. insurance to those presents understand and customers to driver with that at the market difficulty retention of push and premiums
number the to continues us to positive, an ability decreasing in thus have volume at our to The demand COVID-XX due times. employees of and pandemic increase challenge certain that lower tested meet
lower driver During costs for layoffs salaried operating eliminated opportunities our last expenses. And permanent and staff, we review of pay made to and of hourly number continue fiscal of all year, we we our additional a to minimums.
further of and that January and depreciation tractors a will reduce maintenance. trailers group sold During we XXXX, expense
be equipment XXXX, purchase our expenditures approximately except lease over quarter our the have X sheet for fiscal plans XXXX capital anticipate any Fortunately, will until and have and all on do not last of have trailers, and balance tractors $X we million of tractors our XX for cash. on to debt replacement million. $X of we We
position strong that a return in and be to for to investment allows fortunate a focus to on willing growth a to are operate longer-term accounts pay our we'll and price on business, continue we reasonable revenue ahead, Looking partnership.
December, of and $XX,XXX, and some from a are issues through new The water start-up producing we mentioned that have quarter business we expect started demand opportunity. to working revenue strong approximately last business in year this
But leveraging We adding are dry challenge capacity bulk business our current growing focusing on where petroleum is relationships add to capacity. we driver by in markets our can the terminals. again,
the same management Finally, and our thing our last team say employees. been I've that with the I will I said response quarter. pleased of
Our the employees. necessary management guidelines our the team for to steps meet taken CDC has safety established by
crisis, taken of for economy, all an while people. have fortunate I this essential part great have for appreciate the I of the loyalty their drivers, such dedication reacted a the most providing needs during earnings and they Patriot. us part. am to group hit to their yet transportation be of to Our U.S. to for positively
again you I'll entertain in questions. Thank for company, your to interest any our be happy and
