Frozen Food Express Industries Inc.(NASDAQ:FFEX)today announced its financial and operating results for the fourth quarter and year ending Dec. 31, 2004.
Income from operations more than tripled during this quarter and net income increased to $1.8 million from $0.7 million. Earnings per diluted share increased to $.10 from $.04.
Quarterly total revenue increased by nearly 14% to $124.2 million compared to $109.1 million for the same quarter last year. This figure includes fuel surcharge revenue of $11.5 million; $14.8 million from dedicated services, freight brokerage services and equipment rental; and $1.3 million from non-freight operations.
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