Frozen Food Express’ 3Q Loss Narrows

Frozen Food Express Industries said late Wednesday its third-quarter loss narrowed from a year ago, citing high fuel prices and lower truckload volume, though its less-than-truckload operations improved.

The refrigerated carrier lost of $5.5 million, or 32 cents a share, compared with a loss of $13.5 million, or 77 cents, a year ago. Revenue declined 7% to $95.6 million.

Truckload services revenue fell to $36.1 million from $44.5 million, while less-than-truckload rose to $34.4 million from $30.7 million.

Brokerage and logistics services operating revenue fell to $4.9 million from $5.6 million, the company said.

Frozen Food Express is ranked No. 61 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers and is the sixth-largest refrigerated sector carrier.