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Demand Spells Profits for FFE

Published Friday, November 05, 2004

Dallas-based refrigerated carrier Frozen Food Express Industries (FFE) said its net income for the third quarter doubled that of the same quarter in 2003 on 9% higher revenues. This indicates demand remains strong in a period when it usually lags, according to chairman & CEO Stoney ‘Mit’ Stubbs Jr. “Historically, our year has been seasonal, with demand for our refrigerated services highest during the warm months,” he said. “The first quarter has almost always been our weakest, the second quarter our best, followed by a not-quite-as-strong third quarter and a somewhat softer fourth quarter. But net income for ...

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