FFE profits steady in 2Q
Troubled carrier Frozen Food Express Industries (FFE) stayed profitable in the second quarter, reporting net income of $303,000 compared to $248,000 in the same period last year. For the first half of 2002, however, FFE lost $566,000. The Dallas-based carrier lost $859,000 in the first quarter of this year. FFE said revenue from freight operations rose by 1.5% during the second quarter, but a 50%