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Exhibit 99.1

Consolidated Freightways Corporation

Consolidating Income Statements

For the Month Ended July 31, 2004

(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		Total
Revenue - Customers	$	—		$	—	$	—		$	—	$	—		$	—	$	—		$	—	$	—		$	—	$	—
Revenue - Affiliates		—			—		—			—		—			—		—			—		—			—		—
Total Revenue		—			—		—			—		—			—		—			—		—			—		—
Operating Expenses		180,766			—		—			—		—			—		(17,203	)		—		—			—		163,563
Salaries, Wages, and Benefits		174,071			—		—			—		—			—		—			—		—			—		174,071
Purchased Transportation		—			—		—			—		—			—		—			—		—			—		—
Operating Taxes and Licensing		59,710			—		—			—		—			—		4,882			—		—			—		64,592
Claims and Insurance		22,020			—		—			—		—			—		5,059			—		1,735			—		28,814
Rents		153,019			—		—			—		—			—		—			—		—			—		153,019
Other G&A Expense		1,143,938			—		—			—		250			—		(3,625	)		—		—			—		1,140,563
(Gain)/Loss on Sale of Assets		(586,602	)		—		(468	)		—		—			—		344,107			—		—			—		(242,963	)
Total Operating Expenses		1,146,922			—		(468	)		—		250			—		333,220			—		1,735			—		1,481,659
Operating Income (Loss)		(1,146,922	)		—		468			—		(250	)		—		(333,220	)		—		(1,735	)		—		(1,481,659	)
Temporary Investment Interest		122,825			—		—			—		—			—		12,635			—		—			—		135,460
Other Interest Income		33,868			—		—			—		—			—		—			—		—			—		33,868
Interest Income		156,693			—		—			—		—			—		12,635			—		—			—		169,328
Other Miscellaneous, Net		9,427			—		31,488			—		—			—		—			—		—			—		40,915
Income (Loss) Before Taxes		(980,802	)		—		31,956			—		(250	)		—		(320,585	)		—		(1,735	)		—		(1,271,416	)
Income Taxes		—			—		—			—		—			—		—			—		—			—		—
Net Income (Loss)	$	(980,802	)	$	—	$	31,956		$	—	$	(250	)	$	—	$	(320,585	)	$	—	$	(1,735	)	$	—	$	(1,271,416	)

Consolidated Freightways Corporation

Consolidating Income Statements

For the Month Ended August 31, 2004

(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		Total
Revenue - Customers	$	—		$	—	$	—		$	—	$	—	$	—	$	—		$	—	$	—		$	—	$	—
Revenue - Affiliates		—			—		—			—		—		—		—			—		—			—		—
Total Revenue		—			—		—			—		—		—		—			—		—			—		—
Operating Expenses		148,726			—		—			—		—		—		—			—		—			—		148,726
Salaries, Wages, and Benefits (a)		5,067,888			—		—			—		—		—		—			—		—			—		5,067,888
Purchased Transportation		5,223			—		—			—		—		—		—			—		—			—		5,223
Operating Taxes and Licensing		3,304			—		—			—		—		—		12,614			—		—			—		15,918
Claims and Insurance		22,020			—		—			—		—		—		5,059			—		1,735			—		28,814
Rents		4,011			—		—			—		—		—		—			—		—			—		4,011
Other G&A Expense		457,959			—		2,027			—		—		—		—			—		—			—		459,986
Loss on Sale of Assets		70,262			—		—			—		—		—		—			—		—			—		70,262
Total Operating Expenses		5,779,393			—		2,027			—		—		—		17,673			—		1,735			—		5,800,828
Operating Loss		(5,779,393	)		—		(2,027	)		—		—		—		(17,673	)		—		(1,735	)		—		(5,800,828	)
Temporary Investment Interest		148,312			—		—			—		—		—		12,665			—		—			—		160,977
Other Interest Income		48,187			—		—			—		—		—		—			—		—			—		48,187
Interest Income		196,499			—		—			—		—		—		12,665			—		—			—		209,164
Other Miscellaneous, Net		67,959			—		(68,886	)		—		250		—		—			—		—			—		(677	)
Income (Loss) Before Taxes		(5,514,935	)		—		(70,913	)		—		250		—		(5,008	)		—		(1,735	)		—		(5,592,341	)
Income Taxes		—			—		—			—		—		—		—			—		—			—		—
Net Income (Loss)	$	(5,514,935	)	$	—	$	(70,913	)	$	—	$	250	$	—	$	(5,008	)	$	—	$	(1,735	)	$	—	$	(5,592,341	)

(a) Includes a $4.9 million charge related to settlement of withdrawal liabilities associated with various union pension funds to which the Company made contributions to on behalf of its former employees.