Frozen Food Express posts second consecutive quarterly profit

Discussion in 'Motor Carrier Questions - The Inside Scoop' started by Cybergal, Oct 31, 2008.

Oct 31, 2008 #1

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Frozen Food Express posts second consecutive quarterly profit

Frozen Food Express Industries Inc. on Thursday, Oct. 30, announced a second consecutive profitable quarter, the first such occurrence since 2006. For the three months ended Sept 30, revenue increased by $17.7 million (15.4 percent) to $132.5 million compared to the same quarter of 2007. Excluding fuel surcharges, revenue for the 2008 quarter was $2.7 million more than the comparable 2007 period.

Nonasset-based, intermodal and brokerage service revenue increased 54.2 percent to a combined $12.8 million from $8.3 million. Income from operations was $3.6 million compared to an operating loss of $1.3 million. For the nine months ended Sept. 30, income from operations was $1.9 million compared to a $5.1 million loss during the comparable 2007 period.
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http://www.etrucker.com/apps/news/article.asp?id=73553

Cybergal, Oct 31, 2008

Cybergal, Oct 31, 2008

#1
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