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Exhibit 99.1

Consolidated Freightways Corporation

Consolidating Income Statements

For the Month Ended June 30, 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		—			—		—			—			—			—		(1,766,528	)		—		(118,584	)		—		1,885,112		—
Total Revenue		—			—		—			—			—			—		(1,766,528	)		—		(118,584	)		—		1,885,112		—
Operating Expenses		1,834,589			—		2,390			414			—			—		—			—		—			—		—		1,837,393
Salaries, Wages, and Benefits		1,426,770			—		1,834			12,116			—			—		—			—		—			—		—		1,440,720
Purchased Transportation		9,459			—		1,697			—			—			—		—			—		—			—		—		11,156
Operating Taxes and Licensing		95,905			—		(4,935	)		—			—			—		(8,915	)		—		(104,207	)		—		—		(22,152	)
Claims and Insurance		95,984			—		—			—			—			—		87,196			—		11,163			—		—		194,343
Rents		15,556,752			—		(180	)		—			—			—		—			—		—			—		1,885,112		17,441,684
Depreciation		9,709			—		—			1,218			73			—		—			—		—			—		—		11,000
Amortization		154,145			—		—			875,119			—			—		—			—		—			—		—		1,029,264
Other G&A Expense		2,482,763			—		7,828			(897,970	)		3,240			—		39,692			—		64,272			—		—		1,699,825
(Gain)/Loss on Sales of Assets		13,215,103			—		369,571			9,103			150,963			—		(4,138,602	)		—		(351,841	)		—		—		9,254,297
Total Operating Expenses		34,881,179			—		378,205			—			154,276			—		(4,020,629	)		—		(380,613	)		—		1,885,112		32,897,530
Operating Income (Loss)		(34,881,179	)		—		(378,205	)		—			(154,276	)		—		2,254,101			—		262,029			—		—		(32,897,530	)
Other Interest Expense		(200,000	)		—		—			—			—			—		(650,188	)		—		(85,097	)		—		—		(935,285	)
Interest Expense		(200,000	)		—		—			—			—			—		(650,188	)		—		(85,097	)		—		—		(935,285	)
Temporary Investment Interest		27			—		—			—			—			—		13,245			—		1,553			—		—		14,825
Affiliate Interest Income		—			—		—			—			22,494			—		—			—		—			—		—		22,494
Other Interest Income		71,747			—		—			—			—			—		—			—		—			—		—		71,747
Interest Income		71,774			—		—			—			22,494			—		13,245			—		1,553			—		—		109,066
Debt Expense		(310,937	)		—		—			—			—			—		(1,960,895	)		—		(283,907	)		—		—		(2,555,739	)
Other Miscellaneous, Net		(125,205	)		—		579			—			—			—		—			—		—			—		—		(124,626	)
Income (Loss) Before Taxes		(35,445,547	)		—		(377,626	)		—			(131,782	)		—		(343,737	)		—		(105,422	)		—		—		(36,404,114	)
Federal Income Tax Current		—			—		—			—			—			—		—			—		—			—		—		—
Federal Income Tax Deferred		—			—		—			—			—			—		—			—		—			—		—		—
State Income Tax Current		1,003,071			—		—			—			—			—		—			—		—			—		—		1,003,071
Foreign Income Tax Current		—			—		—			—			—			—		—			—		—			—		—		—
Income Taxes		1,003,071			—		—			—			—			—		—			—		—			—		—		1,003,071
Net Income (Loss)	$	(36,448,618	)	$	—	$	(377,626	)	$	—		$	(131,782	)	$	—	$	(343,737	)	$	—	$	(105,422	)	$	—	$	—	$	(37,407,185	)