Consolidated Freightways 8-K Other events

EXHIBIT 99.1

Consolidated Freightways Corporation – Debtors

Consolidating Income Statements

For the Month Ended September 30, 2002

(Unaudited)

	Consolidated Freightways Corporation of Delaware			Consolidated Freightways Corporation			CF AirFreight Corporation			Leland James Service Corporation			Redwood Systems Inc.			CF MovesU Inc.			Total
Revenue—Customers	$	436,413		$	—		$	1,582,609		$	—		$	—		$	—		$	2,019,022
Revenue—Affiliates		—			—			48,671			—			—			—			48,671
Total Revenue		436,413			—			1,631,280			—			—			—			2,067,693
Operating Expenses		10,648,334			—			245,973			(1,232	)		1,781			11			10,894,867
Salaries, Wages, and Benefits		(61,107,594	)		—			697,554			28,616			(482,559	)		—			(60,863,983	)
Purchased Transportation		(5,182,132	)		—			882,981			—			—			—			(4,299,151	)
Operating Taxes and Licensing		5,087,635			—			6,220			—			8,096			—			5,101,951
Claims and Insurance		178,910			—			15,954			—			133			—			194,997
Rents		5,506,151			—			174,503			—			16,507			—			5,697,161
Depreciation		41,265,094			—			44,882			465			8,781			—			41,319,222
Amortization		2,309,703			—			5,264,072			1,134,201			32,109			—			8,740,085
Other G&A Expense		3,434,981			—			62,108			(1,162,050	)		53,807			—			2,388,846
(Gain) Loss on Sale of Assets		928			—			—			—			—			—			928
Total Operating Expenses		2,142,010			—			7,394,247			—			(361,345	)		11			9,174,923
Operating Income (Loss)		(1,705,597	)		—			(5,762,967	)		—			361,345			(11	)		(7,107,230	)
Affiliate Interest Expense		(63,940	)		—			—			—			—			—			(63,940	)
Other Interest Expense		(725,072	)		—			—			—			—			—			(725,072	)
Interest Expense		(789,012	)		—			—			—			—			—			(789,012	)
Temporary Investment Interest		2,081			—			—			—			—			—			2,081
Affiliate Interest Income		—			—			—			—			21,804			—			21,804
Other Interest Income		718			—			2			—			—			—			720
Interest Income		2,799			—			2			—			21,804			—			24,605
Debt Expense		(442,305	)		—			—			—			—			—			(442,305	)
Other Miscellaneous, Net		(217,800	)		—			1,312			—			—			—			(216,488	)
Income (Loss) Before Income Taxes (Benefits)		(3,151,915	)		—			(5,761,653	)		—			383,149			(11	)		(8,530,430	)
Federal Income Tax Current		3,279,135			(125,300	)		(2,819,938	)		1,504,880			(225,836	)		10,851			1,623,792
Foreign Income Tax Current		683			—			—			—			—			—			683
Income Taxes (Benefits)		3,279,818			(125,300	)		(2,819,938	)		1,504,880			(225,836	)		10,851			1,624,475
Net Income (Loss)	$	(6,431,733	)	$	125,300		$	(2,941,715	)	$	(1,504,880	)	$	608,985		$	(10,862	)	$	(10,154,905	)

Consolidated Freightways Corporation – Debtors

Consolidating Income Statements

For the Month Ended October 31, 2002

(Unaudited)

	Consolidated Freightways Corporation of Delaware			Consolidated Freightways Corporation		CF AirFreight Corporation			Leland James Service Corporation			Redwood Systems Inc.			CF MovesU Inc.			Total
Revenue—Customers	$	39,824		$	—	$	1,671,950		$	—		$	—		$	—		$	1,711,774
Revenue—Affiliates		—			—		2,667			—			—			—			2,667
Total Revenue		39,824			—		1,674,617			—			—			—			1,714,441
Operating Expenses		2,753,079			—		129,057			(855	)		415			11			2,881,707
Salaries, Wages, and Benefits		5,511,979			—		711,740			12,916			28,853			—			6,265,488
Purchased Transportation		(248,216	)		—		1,300,746			—			—			—			1,052,530
Operating Taxes and Licensing		37,191			—		8,897			—			—			—			46,088
Claims and Insurance		121,342			—		18,109			—			26			—			139,477
Rents		333,880			—		34,484			—			(58,498	)		—			309,866
Depreciation		405,849			—		36,222			1,273			511			—			443,855
Amortization		153,597			—		—			875,119			4,976			—			1,033,692
Other G&A Expense		3,937,158			—		28,791			(888,439	)		(554	)		—			3,076,956
(Gain)/Loss on Sales of Assets		(44,748	)		—		(6,271	)		(14	)		(71	)		—			(51,104	)
Total Operating Expenses		12,961,111			—		2,261,775			—			(24,342	)		11			15,198,555
Operating Income (Loss)		(12,921,287	)		—		(587,158	)		—			24,342			(11	)		(13,484,114	)
Affiliate Interest Expense		(63,940	)		—		—			—			—			—			(63,940	)
Other Interest Expense		(789,241	)		—		—			—			—			—			(789,241	)
Interest Expense		(853,181	)		—		—			—			—			—			(853,181	)
Affiliate Interest Income		—			—		—			—			22,436			—			22,436
Other Interest Income		9,993			—		6			—			32			—			10,031
Interest Income		9,993			—		6			—			22,468			—			32,467
Debt Expense		(437,514	)		—		—			—			—			—			(437,514	)
Other Miscellaneous, Net		(147,257	)		—		475			—			—			—			(146,782	)
Income (Loss) Before Taxes		(14,349,246	)		—		(586,677	)		—			46,810			(11	)		(14,889,124	)
Federal Income Tax Current		—			—		—			—			—			—			—
State Income Tax Current		—			—		—			—			—			—			—
Income Taxes		—			—		—			—			—			—			—
Net Income (Loss)	$	(14,349,246	)	$	—	$	(586,677	)	$	—		$	46,810		$	(11	)	$	(14,889,124	)

Consolidated Freightways Corporation – Debtors

Consolidating Income Statements

For the Month Ended November 30, 2002

(Unaudited)

	Consolidated Freightways Corporation of Delaware			Consolidated Freightways Corporation		CF AirFreight Corporation			Leland James Service Corporation			Redwood Systems Inc.			CF MovesU Inc.			Total
Revenue—Customers	$	4,701		$	—	$	1,026,362		$	—		$	—		$	—		$	1,031,063
Total Revenue		4,701			—		1,026,362			—			—			—			1,031,063
Operating Expenses		1,270,480			—		61,255			524			747			11			1,333,017
Salaries, Wages, and Benefits		2,665,475			—		610,295			13,192			31,875			—			3,320,837
Purchased Transportation		(1,115,320	)		—		767,447			—			—			—			(347,873	)
Operating Taxes and Licensing		(60,225	)		—		7,136			—			—			—			(53,089	)
Claims and Insurance		229,485			—		24,925			—			—			—			254,410
Rents		1,613,099			—		87,322			—			(9,284	)		—			1,691,137
Depreciation		347,040			—		22,815			1,273			511			—			371,639
Amortization		153,597			—		—			875,119			4,977			—			1,033,693
Other G&A Expense		3,484,838			—		4,685			(889,827	)		—			—			2,599,696
(Gain) Loss on Sale of Assets		(8,872,447	)		—		6,271			(280	)		(53,644	)		—			(8,920,100	)
Total Operating Expenses		(283,978	)		—		1,592,151			1			(24,818	)		11			1,283,367
Operating Income (Loss)		288,679			—		(565,789	)		(1	)		24,818			(11	)		(252,304	)
Affiliate Interest Expense		(61,530	)		—		—			—			—			—			(61,530	)
Other Interest Expense		(531,776	)		—		—			—			—			—			(531,776	)
Interest Expense		(593,306	)		—		—			—			—			—			(593,306	)
Affiliate Interest Income		—			—		—			—			22,214			—			22,214
Other Interest Income		552			—		—			—			—			—			552
Interest Income		552			—		—			—			22,214			—			22,766
Debt Expense		(437,514	)		—		—			—			—			—			(437,514	)
Other Miscellaneous, Net		(142,916	)		—		(136	)		—			—			—			(143,052	)
Income (Loss) Before Taxes		(884,505	)		—		(565,925	)		(1	)		47,032			(11	)		(1,403,410	)
Federal Income Tax Current		—			—		—			—			—			—			—
State Income Tax Current		—			—		—			—			—			—			—
Income Taxes		—			—		—			—			—			—			—
Net Income (Loss)	$	(884,505	)	$	—	$	(565,925	)	$	(1	)	$	47,032		$	(11	)	$	(1,403,410	)

Consolidated Freightways Corporation—Debtors

Income Statements

For the Month Ended December 31, 2002

(Unaudited)

	Consolidated Freightways Corporation of Delaware			Consolidated Freightways Corporation		CF AirFreight Corporation			Leland James Service Corporation			Redwood Systems Inc.			CF MovesU Inc.			Total
Revenue—Customers	$	(25,342,110	)	$	—	$	(228,375	)	$	—		$	—		$	—		$	(25,570,485	)
Total Revenue		(25,342,110	)		—		(228,375	)		—			—			—			(25,570,485	)
Operating Expenses		705,953			—		(101,507	)		33			(763	)		—			603,716
Salaries, Wages, and Benefits		4,427,830			—		(75,954	)		19,194			50,283			—			4,421,353
Purchased Transportation		(269,788	)		—		(44,247	)		—			—			—			(314,035	)
Operating Taxes and Licensing		(1,163,847	)		—		484			22			—			—			(1,163,341	)
Claims and Insurance		105,524			—		(180,457	)		—			—			—			(74,933	)
Rents		1,448,029			—		74,149			—			(7,455	)		—			1,514,723
Depreciation		344,240			—		29,310			1,273			511			—			375,334
Amortization		153,597			—		12,255			875,119			4,976			—			1,045,947
Other G&A Expense		6,448,627			—		17,310			(892,641	)		13,250			—			5,586,546
(Gain)/Loss on Sales of Assets		(1,487,131	)		—		—			—			—			—			(1,487,131	)
																	��
Total Operating Expenses		10,713,034			—		(268,657	)		3,000			60,802			—			10,508,179
Operating Income (Loss)		(36,055,144	)		—		40,282			(3,000	)		(60,802	)		—			(36,078,664	)
Other Interest Expense		(217,849	)		—		—			—			—			—			(217,849	)
Interest Expense		(217,849	)		—		—			—			—			—			(217,849	)
Temporary Investment Interest		103			—		—			—			—			—			103
Affiliate Interest Income		—			—		—			—			23,203			—			23,203
Other Interest Income		97			—		—			—			—			—			97
Interest Income		200			—		—			—			23,203			—			23,403
Debt Expense		(1,340,112	)		—		—			—			—			—			(1,340,112	)
Other Miscellaneous, Net		(145,364	)		—		—			—			—			—			(145,364	)
Income (Loss) Before Taxes (Benefits)		(37,758,269	)		—		40,282			(3,000	)		(37,599	)		—			(37,758,586	)
Federal Income Tax Current		4,531			—		—			—			—			—			4,531
Foreign Income Tax Current		(474,954	)		—		—			—			—			—			(474,954	)
Income Taxes (Benefits)		(470,423	)		—		—			—			—			—			(470,423	)
Net Income (Loss)	$	(37,287,846	)	$	—	$	40,282		$	(3,000	)	$	(37,599	)	$	—		$	(37,288,163	)

Consolidated Freightways Corporation—Debtors

Consolidating Income Statements

For the Month Ended January 31, 2003

(Unaudited)

	Consolidated Freightways Corporation of Delaware			Consolidated Freightways Corporation			CF AirFreight Corporation			Leland James Service Corporation			Redwood Systems Inc.			CF MovesU Inc.			Total
Revenue—Customers	$	—		$	—		$	(95,237	)	$	—		$	—		$	—		$	(95,237	)
Total Revenue		—			—			(95,237	)		—			—			—			(95,237	)
Operating Expenses		2,169,271			—			45,086			16			2,764			—			2,217,137
Salaries, Wages, and Benefits		2,157,406			—			(95,822	)		11,493			(5,025	)		—			2,068,052
Purchased Transportation		211			—			12,980			—			—			—			13,191
Operating Taxes and Licensing		184,912			—			4			—			4			—			184,920
Claims and Insurance		99,192			—			15,895			—			—			—			115,087
Rents		1,259,040			—			9,882			—			(44,762	)		—			1,224,160
Depreciation		348,490			—			10,746			1,273			511			—			361,020
Amortization		154,145			—			—			875,119			4,976			—			1,034,240
Other G&A Expense		3,163,068			250			10,868			(887,901	)		28,358			250			2,314,893
(Gain)/Loss on Sales of Assets		(1,200,449	)		—			(6,260	)		—			—			—			(1,206,709	)
Total Operating Expenses		8,335,286			250			3,379			—			(13,174	)		250			8,325,991
Operating Income (Loss)		(8,335,286	)		(250	)		(98,616	)		—			13,174			(250	)		(8,421,228	)
Other Interest Expense		(200,440	)		—			—			—			—			—			(200,440	)
Interest Expense		(200,440	)		—			—			—			—			—			(200,440	)
Affiliate Interest Income		—			—			—			—			23,244			—			23,244
Other Interest Income		313			—			—			—			—			—			313
Interest Income		313			—			—			—			23,244			—			23,557
Debt Expense		(310,937	)		—			—			—			—			—			(310,937	)
Other Miscellaneous, Net		(144,663	)		—			773			—			—			—			(143,890	)
Income (Loss) Before Taxes		(8,991,013	)		(250	)		(97,843	)		—			36,418			(250	)		(9,052,938	)
Federal Income Tax Current		—			—			—			—			—			—			—
State Income Tax Current		—			—			—			—			—			—			—
Foreign Income Tax Current		—			—			—			—			—			—			—
Income Taxes		—			—			—			—			—			—			—
Net Income (Loss)	$	(8,991,013	)	$	(250	)	$	(97,843	)	$	—		$	36,418		$	(250	)	$	(9,052,938	)

Consolidated Freightways Corporation – Debtors

Consolidating Income Statements

For the Month Ended February 28, 2003

(Unaudited)

	Consolidated Freightways Corporation of Delaware			Consolidated Freightways Corporation		CF AirFreight Corporation			Leland James Service Corporation			Redwood Systems Inc.			CF MovesU Inc.		CFCD 2002 LLC			CFCD 2002 Member LLC		CFCD 2002A LLC			CFCD 2002A Member LLC		Eliminations			Total
Revenue—Customers	$	—		$	—	$	—		$	—		$	—		$	—	$	—		$	—	$	—		$	—	$	—		$	—
Revenue—Affiliates		—			—		—			—			—			—		954,244			—		316,000			—		(1,270,244	)		—
Total Revenue		—			—		—			—			—			—		954,244			—		316,000			—		(1,270,244	)		—
Operating Expenses		1,701,039			—		22,171			18			(222	)		—		—			—		—			—		—			1,723,006
Salaries, Wages, and Benefits		1,501,222			—		70,546			7,157			—			—		—			—		—			—		—			1,578,925
Purchased Transportation		(27,342	)		—		5,391			—			—			—		—			—		—			—		—			(21,951	)
Operating Taxes and Licensing		33,999			—		—			—			—			—		—			—		—			—		—			33,999
Claims and Insurance		151,577			—		15,895			—			—			—		37,228			—		9,313			—		—			214,013
Rents		1,101,217			—		1,085			—			(401,990	)		—		—			—		—			—		(1,270,244	)		(569,932	)
Depreciation		344,847			—		8,688			1,273			511			—		—			—		—			—		—			355,319
Amortization		154,145			—		—			875,119			4,976			—		—			—		—			—		—			1,034,240
Other G&A Expense		3,162,484			—		(1,221	)		(883,567	)		9,322			—		—			—		—			—		—			2,287,018
(Gain)/Loss on Sales of Assets		(6,494,495	)		—		—			—			—			—		(15,653,742	)		—		—			—		—			(22,148,237	)
Total Operating Expenses		1,628,693			—		122,555			—			(387,403	)		—		(15,616,514	)		—		9,313			—		(1,270,244	)		(15,513,600	)
Operating Income (Loss)		(1,628,693	)		—		(122,555	)		—			387,403			—		16,570,758			—		306,687			—		—			15,513,600
Other Interest Expense		(200,870	)		—		—			—			—			—		(447,851	)		—		(154,983	)		—		—			(803,704	)
Interest Expense		(200,870	)		—		—			—			—			—		(447,851	)		—		(154,983	)		—		—			(803,704	)
Other Interest Income		9,713			—		—			—			—			—		—			—		—			—		—			9,713
Interest Income		9,713			—		—			—			—			—		—			—		—			—		—			9,713
Dividend Income		483,961			—		—			—			—			—		—			467,050		—			16,912		(967,923	)		—
Debt Expense		(310,937	)		—		—			—			—			—		(709,215	)		—		(85,392	)		—		—			(1,105,544	)
Other Miscellaneous, Net		(123,100	)		—		(999	)		—			—			—		—			—		—			—		—			(124,099	)
Income (Loss) Before Taxes		(1,769,926	)		—		(123,554	)		—			387,403			—		15,413,692			467,050		66,312			16,912		(967,923	)		13,489,966
Federal Income Tax Current		—			—		—			—			—			—		—			—		—			—		—			—
State Income Tax Current		—			—		—			—			—			—		—			—		—			—		—			—
Foreign Income Tax Current		—			—		—			—			—			—		—			—		—			—		—			—
Income Taxes		—			—		—			—			—			—		—			—		—			—		—			—
Net Income (Loss)	$	(1,769,926	)	$	—	$	(123,554	)	$	—		$	387,403		$	—	$	15,413,692		$	467,050	$	66,312		$	16,912	$	(967,923	)	$	13,489,966

Consolidated Freightways Corporation – Debtors

Consolidating Income Statements

For the Month Ended March 31, 2003

(Unaudited)

	Consolidated Freightways Corporation of Delaware			Consolidated Freightways Corporation		CF AirFreight Corporation			Leland James Service Corporation			Redwood Systems Inc.			CF MovesU Inc.		CFCD 2002 LLC			CFCD 2002 Member LLC		CFCD 2002A LLC			CFCD 2002A Member LLC		Eliminations			Total
Revenue—Customers	$	—		$	—	$	—		$	—		$	—		$	—	$	—		$	—	$	—		$	—	$	—		$	—
Revenue—Affiliates		—			—		—			—			—			—		954,244			—		316,000			—		(1,270,244	)		—
Total Revenue		—			—		—			—			—			—		954,244			—		316,000			—		(1,270,244	)		—
Operating Expenses		1,851,738			—		13,996			54			49,873			—		7,274			—		—			—		—			1,922,935
Salaries, Wages, and Benefits		1,412,073			—		23,433			7,488			—			—		—			—		—			—		—			1,442,994
Purchased Transportation		(118,740	)		—		996			—			—			—		—			—		—			—		—			(117,744	)
Operating Taxes and Licensing		455,134			—		—			—			(5,065	)		—		(18,573	)		—		—			—		—			431,496
Claims and Insurance		98,631			—		15,847			—			—			—		36,857			—		9,313			—		—			160,648
Rents		1,400,399			—		713			—			27,033			—		—			—		—			—		(1,270,244	)		157,901
Depreciation		328,798			—		8,688			1,242			511			—		—			—		—			—		—			339,239
Amortization		154,145			—		—			875,119			4,976			—		—			—		—			—		—			1,034,240
Other G&A Expense		3,599,783			—		51,877			(883,903	)		17,507			—		—			—		—			—		—			2,785,264
(Gain)/Loss on Sales of Assets		(5,768,410	)		—		70,975			—			49,497			—		(13,977,903	)		—		—			—		—			(19,625,841	)
Total Operating Expenses		3,413,551			—		186,525			—			144,332			—		(13,952,345	)		—		9,313			—		(1,270,244	)		(11,468,868	)
Operating Income (Loss)		(3,413,551	)		—		(186,525	)		—			(144,332	)		—		14,906,589			—		306,687			—		—			11,468,868
Other Interest Expense		(200,955	)		—		—			—			—			—		(200,296	)		—		(171,588	)		—		—			(572,839	)
Interest Expense		(200,955	)		—		—			—			—			—		(200,296	)		—		(171,588	)		—		—			(572,839	)
Temporary Investment Interest		26			—		—			—			—			—		3,553			—		—			—		—			3,579
Affiliate Interest Income		—			—		—			—			44,239			—		—			—		—			—		—			44,239
Other Interest Income		1,372			—		—			—			—			—		—			—		—			—		—			1,372
Interest Income		1,398			—		—			—			44,239			—		3,553			—		—			—		—			49,190
Debt Expense		(310,937	)		—		—			—			—			—		(709,215	)		—		(85,392	)		—		—			(1,105,544	)
Other Miscellaneous, Net		(136,322	)		—		(905	)		—			—			—		—			—		—			—		—			(137,227	)
Income (Loss) Before Taxes		(4,060,367	)		—		(187,430	)		—			(100,093	)		—		14,000,631			—		49,707			—		—			9,702,448
Federal Income Tax Current		—			—		—			—			—			—		—			—		—			—		—			—
State Income Tax Current		—			—		—			—			—			—		—			—		—			—		—			—
Income Taxes		—			—		—			—			—			—		—			—		—			—		—			—
Net Income (Loss)	$	(4,060,367	)	$	—	$	(187,430	)	$	—		$	(100,093	)	$	—	$	14,000,631		$	—	$	49,707		$	—	$	—		$	9,702,448