Frozen Food Express Industries Inc. reported improved results for its first quarter when compared to those of last year's first quarter.
Revenue for the first quarter was $91,454,000, compared to $79,057,000 for the first quarter of 2002. Freight revenue improved by 14.3% to $88.5 million versus the same period last year, principally due to increased revenue from less-than-truckload operations and from fuel surcharges.
Freight revenue increased $11.1 million, 33% of which was due to increased fuel surcharges.
The first-quarter net loss was $668,000 compared to a loss of $944,000 for the first quarter of 2002.
