Heavy Duty Trucking Logo
MenuMENU
SearchSEARCH

FFE Narrows Loss in First Quarter

Frozen Food Express Industries incurred an after tax loss of $3.7 million, or 22 cents a share, during the first quarter of 2010, compared to a net loss of $6.1 million, or 36 cents a share in the 2009 quarter

by Staff
May 5, 2010
2 min to read


Frozen Food Express Industries incurred an after tax loss of $3.7 million, or 22 cents a share, during the first quarter of 2010, compared to a net loss of $6.1 million, or 36 cents a share in the 2009 quarter.
The company attributed the loss to continued weakness in the economy as well as poor weather conditions at the beginning of the year.

The temperature-controlled truckload and less-than-truckload carrier reported first quarter revenue of $85.8 million, down from $92.2 million in the first quarter of 2009.

"The first quarter of 2010 started off with the potential to be a repeat of 2009," said Stoney M. Stubbs, chairman and CEO. "A combination of anemic freight activity and severe storms in January and February stemmed our momentum coming out of the fourth quarter of 2009. Fortunately, March rebounded with strengthening freight activity, despite continued poor weather. Increased shipper demand, shrinking capacity and improving freight yield allowed us to regain our momentum and improve our operating results by $3.1 million compared to the first quarter of 2009."

FFE's purchased transportation was down 11.9 percent to $18.1 million in the quarter from $20.6 million in the first quarter of 2009, as a result of a decrease in the number of independent contractors compared to the prior year.

"The first quarter of each year has traditionally been our toughest operating challenge, and this year is no different," said Russell Stubbs, president. "However, with the momentum we have built in March, through a commitment to excellent customer service and pricing discipline, we expect a continuation of improved results."



More Drivers

HDT Talks Trucking thumbnail with photo of Jane Jazrawy and the text,, "When Drivers Tune Out"
Driversby Deborah LockridgeJune 24, 2026

How Top Trucking Fleets Improve Driver Retention [Video]

What do healthy snacks, optimized routing, and just picking up the phone have in common? They're all strategies the Best Fleets to Drive For are using to retain truck drivers.

Read More →
Trucker Path Cargo Net theft overlay.
Driversby News/Media ReleaseJune 23, 2026

Trucker Path Adds Verisk CargoNet Theft Data to Navigation Platform

Trucker Path’s new cargo theft risk overlays give drivers and fleets visibility into high-risk areas, stolen commodity trends, and theft hotspots.

Read More →
Man seated in front of computer with inset of insights generated for a truck driver

Netradyne Intelligence Uses New AI Agents to Automate Response to In-Cab Camera Data

The company called the next-generation in-cab camera safety platform "a fundamental shift from systems that report on what happened to systems that actively drive what should happen next."

Read More →
Ad Loading...
Illustration of hourglass and trucks backed up to a dock
DriversJune 15, 2026

Why Truck Detention Keeps Costing Fleets Time and Money

A 2024 ATRI study found detention affects nearly 40% of truckload stops and costs the industry more than $15 billion annually. Despite the toll on drivers, fleets, and supply chains, the problem remains stubbornly persistent.

Read More →
Artist rendering of dealership with trucks and trailers parked outside
Equipmentby News/Media ReleaseJune 2, 2026

Prime Inc. to Open $7.9M Flagship Used-Truck Dealership

A new driver-focused facility to sell Prime Inc's used trucks and trailers will be the first purpose-built location in the company's history.

Read More →
Thumbnail for podcast episode
Safety & ComplianceMay 28, 2026

Short Takes: Inside K&B’s Truck Safety Tech

Listen to learn how K&B Transportation uses cellphone-blocking technology, speed management systems, weather geofencing, bridge avoidance tools, and more to improve driver safety.

Read More →
Ad Loading...
Nussbaum driver pay.
Driversby News/Media ReleaseMay 27, 2026

Nussbaum Expands Driver Compensation with Pay Raises, Profit Sharing

Nussbaum Transportation said its latest compensation package could push first-year driver earnings above $90,000 in key hiring markets.

Read More →
Lance Evans, Director of Safety at K&B Transportation.
Safety & ComplianceMay 13, 2026

Listen: Inside Modern Fleet Safety: AI, Cameras & Speed Control at K&B Transportation

Fleet safety is evolving fast—and technology is at the center of it. Learn how a former commercial vehicle enforcement officer turned director of safety at K&B Transportation is embracing real-world safety technology.

Read More →
Maverick Transportation Freightliner Cascadia.
Driversby News/Media ReleaseMay 12, 2026

Maverick Announces 2026 Driver Pay Raises

New raises for Maverick Transportation drivers will take effect on May 31, 2026.

Read More →
Ad Loading...
Alleged Ohio toll evasion truck.
Driversby News/Media ReleaseMay 5, 2026

Illinois Trucker Indicted for Nearly $22,000 in Ohio Turnpike Toll Evasion

Authorities say an Illinois trucker avoided paying tolls for two years, and now faces felony charges, possible prison time, and forfeiture of his Freightliner tractor.

Read More →