Frozen Food Express’ Profits, Revenue Fall in 3Q
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In August, the carrier authorized a new share repurchase program, authorizing the buy back of up to 750,000 shares of the its common stock. (Click here for previous coverage.)
efrigerated truckload carrier Frozen Food Express Industries reported late Tuesday its third-quarter income fell to $2.9 million or 16 cents a share, from $5 million or 26 cents a year ago.
Revenue fell to $127 million from $137.5 million.
Income from operations fell to $5.3 million from $8.8 million, the company said in a statement.
Frozen Food Express is ranked No. 47 on the Transport Topics 100 list of the largest U.S. and Canadian trucking companies.
