Exhibit 99.1
Consolidated Freightways Corporation
Consolidating Income Statements
For the Month Ended September 30, 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 | 111,425 | — | — | — | — | — | — | — | — | — | 111,425 | ||||||||||||||||||||||||||||
Salaries, Wages, and Benefits | 240,439 | — | — | — | — | — | — | — | — | — | 240,439 | ||||||||||||||||||||||||||||
Purchased Transportation | 20,221 | — | 3,183 | — | — | — | — | — | — | — | 23,404 | ||||||||||||||||||||||||||||
Operating Taxes and Licensing | 54,611 | — | — | — | — | — | 2,464 | — | — | — | 57,075 | ||||||||||||||||||||||||||||
Claims and Insurance | 22,019 | — | (59,376 | ) | — | — | — | 5,059 | — | 1,735 | — | (30,563 | ) | ||||||||||||||||||||||||||
Rents | 6,527 | — | — | — | — | — | — | — | — | — | 6,527 | ||||||||||||||||||||||||||||
Other G&A Expense | (41,392 | ) | — | (5,203 | ) | — | — | — | — | — | — | — | (46,595 | ) | |||||||||||||||||||||||||
(Gain) Loss on Sale of Assets | 9,717 | — | — | (894 | ) | — | — | — | — | — | 8,823 | ||||||||||||||||||||||||||||
Total Operating Expenses | 423,567 | — | (61,396 | ) | — | (894 | ) | — | 7,523 | — | 1,735 | — | 370,535 | ||||||||||||||||||||||||||
Operating Income (Loss) | (423,567 | ) | — | 61,396 | — | 894 | — | (7,523 | ) | — | (1,735 | ) | — | (370,535 | ) | ||||||||||||||||||||||||
Temporary Investment Interest | 169,435 | — | — | — | — | — | 7,781 | — | — | — | 177,216 | ||||||||||||||||||||||||||||
Other Interest Income | 78,460 | — | — | — | — | — | — | — | — | — | 78,460 | ||||||||||||||||||||||||||||
Interest Income | 247,895 | — | �� | — | — | — | — | 7,781 | — | — | — | 255,676 | |||||||||||||||||||||||||||
Other Miscellaneous, Net | 2,203 | — | (6,579 | ) | — | (3,800 | ) | — | — | — | — | — | (8,176 | ) | |||||||||||||||||||||||||
Income (Loss) Before Taxes | (173,469 | ) | — | 54,817 | — | (2,906 | ) | — | 258 | — | (1,735 | ) | — | (123,035 | ) | ||||||||||||||||||||||||
Income Taxes | — | — | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||
Net Income (Loss) | $ | (173,469 | ) | $ | — | $ | 54,817 | $ | — | $ | (2,906 | ) | $ | — | $ | 258 | $ | — | $ | (1,735 | ) | $ | — | $ | (123,035 | ) | |||||||||||||