Freight figures bolster Frozen Food Express
Oct 30, 2003 12:00 PM, from staff and wire reportsFrozen Food Express Industries Inc, the Dallas TX-based temperature-controlled truckload carrier, has reported improved income from freight operations. For the three months ended Sept 30, 2003, income from freight operations was $3,947,000 versus $1,043,000 for the same quarter in 2002. Freight revenue for 2003's third quarter increased 15.2% to $101.7 million from $88.3 million for the same quarter of 2002.
The company reported net income of $1,705,000 for the third quarter of 2003, compared with 2002's third quarter net income of $3,338,000.
For the nine months ended Sept 30, 2003, the company reported net income of $3,584,000 on revenue of $300,336,000. Revenue for 2003 was 15.3% higher than the $260,440,000 in revenue generated in 2002's first nine months. The nine-month net income in 2002 was $2,600,000.