Profits at Frozen Food Express grow

July 31, 2003
Frozen Food Express Industries Inc. today reported an improved profit from its trucking operations and net income of $2.5 million for the quarter ended June 30. Second-quarter income from trucking operations was $2.9 million as compared to $0.8 million during the second quarter of 2002. The company's freight operating ratio improved from 99 to 97 between the quarters, about half of which was due to
Frozen Food Express Industries Inc. today reported an improved profit from its trucking operations and net income of $2.5 million for the quarter ended June 30.

Second-quarter income from trucking operations was $2.9 million as compared to $0.8 million during the second quarter of 2002. The company's freight operating ratio improved from 99 to 97 between the quarters, about half of which was due to reduced claims and insurance expenses.

Freight revenue for the 2003 quarter was $96.4 million, 14.2% more than the same period last year. Excluding the impact of fuel surcharges, the company's freight revenue improved by 12.4% between the two quarters.

Sponsored Recommendations

Tackling the Tech Shortage: Lessons in Recruiting Talent and Reducing Turnover

Discover innovative strategies for recruiting and retaining tech talent in the trucking industry at our April 16th webinar, where experts will share insights on competitive pay...

Stop Sweating Temperature Excursions

Advanced chemical indicators give you the peace of mind that comes from reliable insights into your supply chains. Compromised shipments can be identified the moment they arrive...

How Electric Vehicles Help You Prolong the Life of Your Fleet

Before adopting electric vehicles for commercial/government fleets, prioritize cost inquiries. Maintenance is essential; understand the upkeep of EV fleets. Here’s what you need...

How to Choose the Right Route Planning Solution

This free buyer's guide will help equip you with the knowledge and insights needed to analyze route planning software and vendors in the market and, ultimately, make an informed...

Voice your opinion!

To join the conversation, and become an exclusive member of FleetOwner, create an account today!