Frozen Food Express
endures financial losses
Aug 3, 2007 8:39 AM
Frozen Food Express Industries Inc reported its financial and operating results for the three- and six-month periods ended June 30, 2007.
The Dallas TX-based temperature-controlled trucking carrier’s loss from operations rose by $2.5 million from first quarter 2007 to $3.2 million for the 2007 second quarter.
Including fuel surcharges of $18.1 million and $20.2 million during the second quarters of 2007 and 2006, respectively, revenue dropped by $10.5 million between the quarters. For the 2007 second quarter, revenue decreased by 8.5% to $113.1 million from $123.6 million for second quarter 2006.
For the first six months of 2007, revenue, including the effect of a $4.4 million decline in fuel surcharges, fell 11.2% to $219.6 million from $247.2 million during the same period of 2006.
