Frozen Food Express’ 2Q Loss Narrows

The refrigerated carrier lost $3.3 million, or 19 cents a share, compared with a loss of $4.4 million, or 26 cents, a year ago.

Revenue rose 6.7% to $101.3 million, while revenue excluding fuel surcharges dipped 1.7% to $78.6 million, the company said in a statement.

Less-than-truckload revenue rose 4.4% to $30 million, while truckload revenue fell 3.9% to $47.2 million.

CEO Russell Stubbs said the company averaged 15 fewer trucks in service during the quarter as the company continued to face challenges from the driver shortage.

Frozen Food Express is ranked No. 57 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers.