8-K

                     SECURITIES AND EXCHANGE COMMISSION

                         WASHINGTON, D.C.  20549

                         -----------------------

                                FORM 8-K

                             CURRENT REPORT

                  Pursuant to Section 13 or 15(d) of the
                     Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):  February 18, 2008

                  PATRIOT TRANSPORTATION HOLDING, INC.
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       (Exact name of registrant as specified in its charter)



      FLORIDA                  33-26115                59-2924957
- ---------------------      --------------          ----------------
(State or other            (Commission             (I.R.S. Employer
jurisdiction                 File Number)          Identification No.)
of incorporation)

1801 Art Museum Drive
Jacksonville, Florida                                    32207
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(Address of principal executive offices)              (Zip Code)

Registrant's telephone number, including area code:  (904) 396-5733

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(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any
of the following provisions (see General Instruction A.2. below):

[  ] Written communications pursuant to Rule 425 under the Securities
Act (17 CRF 230.425)

[  ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)



[  ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))

[  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))



                        CURRENT REPORT ON FORM 8-K

                    PATRIOT TRANSPORTATION HOLDING, INC.

                           February 18, 2008


ITEM 7.01	REGULATION FD DISCLOSURE.

On February 18, 2008, Patriot Transportation Holding, Inc. (the "Company")
announced that the Company's Board of Directors authorized the repurchase of
up to $5 million of the Company's outstanding common stock.  There is no
expiration for this authorization.  Repurchases may be made from time to
time in the open market or in privately negotiated transactions at prevailing
market prices as Company's management deems appropriate.

A copy of the Company's press release announcing the stock repurchase program
is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is
incorporated into this Item 7.01 by reference.

The information contained in this Current Report on Form 8-K under Item 7.01,
including Exhibit 99.1, has been "furnished" and shall not be deemed "filed"
for purposes of Section 18 of the Securities Exchange Act of 1934, as amended,
or otherwise subject to liability under that Section.  The information in this
Current Report on Form 8-K under Item 7.01 shall not be incorporated by
reference into any filing or other document pursuant to the Securities Act
of 1933, as amended, except as shall be expressly by specific reference in
such filing or document.

ITEM 9.01	FINANCIAL STATEMENTS AND EXHIBITS.

Exhibit		Description
- -------         -----------

99.1		Press Release dated February 18, 2008.




                              SIGNATURES

	Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this Current Report to be signed on its behalf
by the undersigned thereunto duly authorized.

				PATRIOT TRANSPORTATION HOLDING, INC.


Date: February 19, 2008		/s/ Ray M. Van Landingham
        			----------------------------------------
				Ray M. Van Landingham
				Vice President, Finance and Administration
        			and Chief Financial Officer

EX-99

                                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.