Frozen Food Express income climbs in 2Q
Jul 30, 2003 12:00 PM, from staff and wire reportsFrozen Food Express Industries Inc, the Dallas TX-based temperature-controlled carrier of perishable goods, reported an improved profit from its trucking operations. Net income totaled $2.5 million for the quarter ended June 30, 2003, compared with $206,000 for the same period of 2002.
Second-quarter 2003 income from trucking operations was $2.9 million compared with $800,000 during the second quarter of 2002. Freight revenue for the 2003 quarter was $96.4 million, 14.2% more than 2002’s second-quarter freight revenue of $84.4 million. Excluding the impact of fuel surcharges, the company’s freight revenue improved by 12.4% between the second quarters of 2002 and 2003.