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Exhibit 99.1

Consolidated Freightways Corporation – Debtors

Consolidating Income Statements

For the Month Ended May 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		—			—		—			—			—			—		746,988			—		281,000			—		(1,027,988	)		—
Total Revenue		—			—		—			—			—			—		746,988			—		281,000			—		(1,027,988	)		—
Operating Expenses		1,352,281			—		9,228			17			—			—		6,014			—		—			—		—			1,367,540
Salaries, Wages, and Benefits		1,034,626			—		235			7,818			—			—		—			—		—			—		—			1,042,679
Purchased Transportation		29,780			—		73,436			—			—			—		—			—		—			—		—			103,216
Operating Taxes and Licensing		113,673			—		(4,935	)		—			—			—		8,221			—		—			—		—			116,959
Claims and Insurance		105,569			—		79,573			—			—			—		34,208			—		7,478			—		—			226,828
Rents		1,126,265			—		23			—			—			—		—			—		—			—		(1,027,988	)		98,300
Depreciation		577,249			—		—			1,218			511			—		—			—		—			—		—			578,978
Amortization		154,145			—		—			875,119			4,976			—		—			—		—			—		—			1,034,240
Other G&A Expense		3,348,403			—		7,973			(884,172	)		14,164			—		17,307			—		—			—		—			2,503,675
(Gain) Loss on Sale of Assets		(986,426	)		—		116,184			—			351			—		(1,397,486	)		—		(4,272,432	)		—		—			(6,539,809	)
Total Operating Expenses		6,855,565			—		281,717			—			20,002			—		(1,331,736	)		—		(4,264,954	)		—		(1,027,988	)		532,606
Operating Income (Loss)		(6,855,565	)		—		(281,717	)		—			(20,002	)		—		2,078,724			—		4,545,954			—		—			(532,606	)
Interest Expense		(200,001	)		—		—			—			—			—		(203,674	)		—		(142,623	)		—		—			(546,298	)
Interest Expense		(200,001	)		—		—			—			—			—		(203,674	)		—		(142,623	)		—		—			(546,298	)
Temporary Investment Interest		—			—		—			—			—			—		20,709			—		1,324			—		—			22,033
Affiliate Interest Income		—			—		—			—			23,244			—		—			—		—			—		—			23,244
Other Interest Income		49,506			—		—			—			—			—		—			—		—			—		—			49,506
Interest Income		49,506			—		—			—			23,244			—		20,709			—		1,324			—		—			94,783
Debt Expense		(310,937	)		—		—			—			—			—		(739,346	)		—		(70,977	)		—		—			(1,121,260	)
Other Miscellaneous, Net		(133,032	)		—		(147	)		—			—			—		—			—		—			—		—			(133,179	)
Income (Loss) Before Taxes		(7,450,029	)		—		(281,864	)		—			3,242			—		1,156,413			—		4,333,678			—		—			(2,238,560	)
Federal Income Tax Current		—			—		—			—			—			—		—			—		—			—		—			—
Federal Income Tax Deferred		—			—		—			—			—			—		—			—		—			—		—			—
State Income Tax Current		—			—		—			—			—			—		—			—		—			—		—			—
Foreign Income Tax Current		—			—		—			—			—			—		—			—		—			—		—			—
Income Taxes		—			—		—			—			—			—		—			—		—			—		—			—
Net Income (Loss)	$	(7,450,029	)	$	—	$	(281,864	)	$	—		$	3,242		$	—	$	1,156,413		$	—	$	4,333,678		$	—	$	—		$	(2,238,560	)