Numbers improve at Frozen Food Express
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.