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Exhibit 99.1

Consolidated Freightways Corporation

Consolidating Income Statements

For the Month Ended July 31, 2003

	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		—			—		—			—			—			—		—			—		—			—		—		—
Total Revenue		—			—		—			—			—			—		—			—		—			—		—		—
Operating Expenses		832,926			—		3,124			—			(19	)		—		2,306			—		1,671			—		—		840,008
Salaries, Wages, and Benefits		446,452			—		(11,091	)		8,149			(3,707	)		—		—			—		—			—		—		439,803
Purchased Transportation		—			—		(13,015	)		—			—			—		—			—		—			—		—		(13,015	)
Operating Taxes and Licensing		146,764			—		—			—			—			—		13,671			—		(7,211	)		—		—		153,224
Claims and Insurance		109,344			—		—			—			—			—		19,217			—		6,565			—		—		135,126
Rents		(30,050	)		—		—			—			—			—		—			—		—			—		—		(30,050	)
Depreciation		7,429			—		—			93			73			—		—			—		—			—		—		7,595
Amortization		154,145			—		—			875,119			—			—		—			—		—			—		—		1,029,264
Other G&A Expense		2,758,688			—		(11,426	)		(886,642	)		9,970			—		—			—		—			—		—		1,870,590
(Gain)/Loss on Sales of Assets		(3,897,488	)		—		46,917			3,281			1,147			—		(167,297	)		—		1,857,098			—		—		(2,156,342	)
Total Operating Expenses		528,210			—		14,509			—			7,464			—		(132,103	)		—		1,858,123			—		—		2,276,203
Operating Income (Loss)		(528,210	)		—		(14,509	)		—			(7,464	)		—		132,103			—		(1,858,123	)		—		—		(2,276,203	)
Other Interest Expense		(200,000	)		—		—			—			—			—		58			—		—			—		—		(199,942	)
Interest Expense		(200,000	)		—		—			—			—			—		58			—		—			—		—		(199,942	)
Temporary Investment Interest		—			—		—			—			—			—		3,836			—		2,906			—		—		6,742
Affiliate Interest Income		—			—		—			—			(22,494	)		—		—			—		—			—		—		(22,494	)
Other Interest Income		170,474			—		—			—			—			—		—			—		—			—		—		170,474
Interest Income		170,474			—		—			—			(22,494	)		—		3,836			—		2,906			—		—		154,722
Debt Expense		(242,354	)		—		—			—			—			—		—			—		—			—		—		(242,354	)
Other Miscellaneous, Net		(121,430	)		—		—			—			—			—		—			—		—			—		—		(121,430	)
Income (Loss) Before Taxes		(921,520	)		—		(14,509	)		—			(29,958	)		—		135,997			—		(1,855,217	)		—		—		(2,685,207	)
Federal Income Tax Current		—			—		—			—			—			—		—			—		—			—		—		—
Federal Income Tax Deferred		—			—		—			—			—			—		—			—		—			—		—		—
State Income Tax Current		—			—		—			—			—			—		—			—		—			—		—		—
Foreign Income Tax Current		—			—		—			—			—			—		—			—		—			—		—		—
Income Taxes		—			—		—			—			—			—		—			—		—			—		—		—
Net Loss	$	(921,520	)	$	—	$	(14,509	)	$	—		$	(29,958	)	$	—	$	135,997		$	—	$	(1,855,217	)	$	—	$	—	$	(2,685,207	)