#Frozen food express driver

With FreightCenter, you can track all of your shipments in on place, whether it's Frozen Food Express (FFE) or one of the other 50+ carriers we partner with. You can also find all your shipments from your account page. Once you open that email, you'll find the shipment ID you can use to track your FFE shipment. After you booked your Frozen Food Express (FFE) shipment through FreightCenter, you were sent a confirmation email with your shipment ID. One of the easiest ways to find your shipment ID is from within your confirmation email from FreightCenter. “We are committed to enhancing shareholder value, returning to profitability during 2012 and positioning the company to achieve attractive returns for the long term.Track By clicking the “TRACK” button, I agree to the Terms & Conditions Looking for your FFE Shipment ID? “As a result of our efforts, we expect to see significant improvements in our cash flows and enhanced liquidity,” Stubbs said. The company said that it expects to report a loss during its seasonally weakest first quarter, but that as a result of its strategic plan, quarterly results are expected to improve throughout the year, and that it expects to produce near breakeven profitability during fiscal 2012. The company recorded a net loss of $36.7 million compared to a net loss of $11.9 million. The company posted a net loss of $11.8 million compared to a net loss of $1.5 million.įor its 2011 fiscal year, operating revenue, net of fuel surcharges, was $307.8 million compared to $311.4 million during fiscal 2010. “As a result, we expect to benefit from both volume and rate increases during fiscal 2012.”ĭuring its 2011 fourth quarter, Frozen Food Express’ operating revenue, net of fuel surcharges, was $74.2 million compared to $78.6 million during the fourth quarter of 2010. “Market conditions are improving in our core truckload and less-than-truckload shipping markets,” Stubbs said.

Improving yields in core temperature controlled business.“With a younger fleet, we expect to reduce tractor maintenance expense by 2 to 4 cents per mile and overall improvement in fuel economy of approximately 5 percent,” Stubbs said. Additional operating efficiencies are expected from a reduction in the average fleet age from 2.8 years to 2.1 years. The company expects to realize annualized cost savings of about $5 million as the result of its previously announced 12 percent reduction in nondriver staffing levels. We continue to look for other businesses in which we can deploy resources and generate increased revenues.” “These new services are expected to add approximately $40 million in incremental annual gross revenue. “Due to the 24/7 nature of drilling operations, equipment utilization rates are very high and present attractive return characteristics,” Stubbs said.

FFE plans to expand its fleet of trucks that provide this service from about 40 to 70 by the end of fiscal 2012. The Company began providing bulk tank water transportation services for the crude oil drilling industry during the fourth quarter of 2011. “This action removes a line of lower-margin services, and by lowering the average age of the fleet, is expected to significantly improve operating efficiency.” “We have sold approximately 435 dry van trailers and 228 tractors, netting approximately $13.6 million in cash proceeds,” Stubbs said. As previously announced, the company no longer provides dry van services via a dedicated fleet of dry van trailers.

Ğxiting low-margin/ low-return businesses.

Key elements of the company’s strategic plan to restore profitability during fiscal 2012 include: “Nevertheless, we have repositioned the company, maintained a well-capitalized balance sheet and are confident that we have the right plan in place to restore meaningful profitability,” he said. Stubbs said the company also made several decisions and incurred expenses to implement its strategic plan in the third and fourth quarters, which had a temporary negative effect on its financial results.

#Frozen food express driver

“We faced strong headwinds during 2011 with an uncertain economy, unstable fuel costs, driver shortages and increased commodity costs.” “It is important that we communicate with our investors to assure them that we have a solid plan to return to the profitable operations we have enjoyed in the past,” said Russell Stubbs, president and chief executive officer of the Dallas-based refrigerated hauler. on Thursday, March 29, announced detailed plans to restore profitability during fiscal 2012, as well as its fourth-quarter and fiscal 2011 financial results.