Frozen Food Express Industries (FFEX) 8-K Termination of a Material Definitive Agreement

EXHIBIT 99.3

INDEX TO EXHIBIT 99.3

Restated Unaudited Statements of Income for the following periods:	Page Number
Three Months Ended March 31, 2004	1
Three and Six Months Ended June 30, 2004	2
Three and Nine Months Ended September 30, 2004	3
Year Ended December 31, 2004	4
Three Months Ended March 31, 2005	5
Three and Six Months Ended June 30, 2005	6
Three and Nine Months Ended September 30, 2005	7

Statement of Income Frozen Food Express Industries, Inc. For the Three Months Ended March 31, 2004 (unaudited and in thousands, except per-share amounts)
	As Reported			As Restated
Revenue:
Freight revenue	$	106,489		$	106,489
Non-freight revenue		2,442			2,442
		108,931			108,931
Costs and Expenses:
Freight Operating Expenses:
Salaries, wages and related expenses		29,010			29,010
Purchased transportation		30,412			30,412
Fuel		13,089			13,089
Supplies and expenses		12,311			12,311
Revenue equipment rent		8,250			7,972
Depreciation		4,612			4,809
Communications and utilities		974			974
Claims and insurance		2,888			2,888
Operating taxes and licenses		1,128			1,128
Gain on disposition of equipment		(361	)		(361	)
Miscellaneous expenses		866			866
		103,179			103,098
Non-freight costs and operating expenses		2,462			2,462
		105,641			105,560
Income from Operations		3,290			3,371
Interest and other expense		196			277
Income Before Income Tax		3,094			3,094
Provision for Income Tax		1,154			1,154
Net Income	$	1,940		$	1,940
Net income per share of common stock
Basic	$	0.11		$	0.11
Diluted	$	0.11		$	0.11
Weighted average shares outstanding
Basic		17,139			17,139
Diluted		18,261			18,261

PAGE 1

Statements of Income Frozen Food Express Industries, Inc. For the Three and Six Month Periods Ended June 30, 2004 (unaudited and in thousands, except per-share amounts)
	Three Months As Reported			Three Months As Restated			Six Months As Reported			Six Months As Restated
Revenue:
Freight revenue	$	114,746		$	114,746		$	221,235		$	221,235
Non-freight revenue		3,392			3,392			5,834			5,834
		118,138			118,138			227,069			227,069
Costs and Expenses:
Freight Operating Expenses:
Salaries, wages and related expenses		30,670			30,670			59,680			59,680
Purchased transportation		32,281			32,281			62,693			62,693
Fuel		14,467			14,467			27,556			27,556
Supplies and expenses		13,767			13,767			26,078			26,078
Revenue equipment rent		7,888			7,610			16,138			15,582
Depreciation		4,878			5,075			9,490			9,885
Communications and utilities		942			942			1,916			1,916
Claims and insurance		2,910			2,910			5,798			5,798
Operating taxes and licenses		1,163			1,163			2,291			2,291
Gain on disposition of equipment		(604	)		(604	)		(965	)		(965	)
Miscellaneous expenses		1,797			1,797			2,663			2,663
		110,159			110,078			213,338			213,177
Non-freight costs and operating expenses		2,960			2,960			5,422			5,422
		113,119			113,038			218,760			218,599
Income from Operations		5,019			5,100			8,309			8,470
Interest and other (income) expense		(349	)		(268	)		(153	)		8
Income Before Income Tax		5,368			5,368			8,462			8,462
Provision for Income Tax		1,876			1,876			3,030			3,030
Net Income	$	3,492		$	3,492		$	5,432		$	5,432
Net income per share of common stock
Basic	$	0.20		$	0.20		$	0.32		$	0.32
Diluted	$	0.19		$	0.19		$	0.30		$	0.30
Weighted average shares outstanding
Basic		17,209			17,209			17,174			17,174
Diluted		17,937			17,937			17,894			17,894

PAGE 2

Statements of Income Frozen Food Express Industries, Inc. For the Three and Nine Month Periods Ended September 30, 2004 (unaudited and in thousands, except per-share amounts)
	Three Months As Reported			Three Months As Restated			Nine Months As Reported			Nine Months As Restated
Revenue:
Freight revenue	$	120,531		$	120,531		$	341,766		$	341,766
Non-freight revenue		2,590			2,590			8,424			8,424
		123,121			123,121			350,190			350,190
Costs and Expenses:											-
Freight Operating Expenses:											-
Salaries, wages and related expenses		31,257			31,257			90,937			90,937
Purchased transportation		30,704			30,704			93,397			93,397
Fuel		15,990			15,990			43,546			43,546
Supplies and expenses		16,241			16,241			42,319			42,319
Revenue equipment rent		7,765			7,487			23,903			23,069
Depreciation		4,827			5,024			14,317			14,909
Communications and utilities		1,020			1,020			2,936			2,936
Claims and insurance		5,598			5,598			11,396			11,396
Operating taxes and licenses		1,197			1,197			3,488			3,488
Gain on disposition of equipment		(415	)		(415	)		(1,380	)		(1,380	)
Miscellaneous expenses		1,626			1,626			4,289			4,289
		115,810			115,729			329,148			328,906
Non-freight costs and operating expenses		2,466			2,466			7,888			7,888
		118,276			118,195			337,036			336,794
Income from Operations		4,845			4,926			13,154			13,396
Interest and other income		(516	)		(435	)		(669	)		(427	)
Income Before Income Tax		5,361			5,361			13,823			13,823
Provision for Income Tax		1,841			1,841			4,871			4,871
Net Income	$	3,520		$	3,520		$	8,952		$	8,952
Net income per share of common stock
Basic	$	0.20		$	0.20		$	0.52		$	0.52
Diluted	$	0.20		$	0.20		$	0.50		$	0.50
Weighted average shares outstanding
Basic		17,235			17,235			17,196			17,196
Diluted		17,971			17,971			17,926			17,926

PAGE 3

Statement of Income Frozen Food Express Industries, Inc. For the Year Ended December 31, 2004 (unaudited and in thousands, except per-share amounts)
	As Reported			As Restated
Revenue:
Freight revenue	$	464,689		$	464,689
Non-freight revenue		9,741			9,741
		474,430			474,430
Costs and Expenses:
Freight Operating Expenses:
Salaries, wages and related expenses		123,298			123,298
Purchased transportation		125,860			125,860
Fuel		60,124			60,124
Supplies and expenses		56,488			56,488
Revenue equipment rent		31,388			30,227
Depreciation		19,899			20,723
Communications and utilities		4,016			4,016
Claims and insurance		18,056			18,056
Operating taxes and licenses		4,544			4,544
Gain on disposition of equipment		(2,184	)		(2,184	)
Miscellaneous expenses		7,170			7,170
		448,659			448,322
Non-freight costs and operating expenses		8,931			8,931
		457,590			457,253
Income from Operations		16,840			17,177
Interest and other income		(252	)		85
Income before Income Tax		17,092			17,092
Provision for income tax		6,338			6,338
Net income	$	10,754		$	10,754
Net income per share of common stock
Basic	$	0.62		$	0.62
Diluted	$	0.59		$	0.59

PAGE 4

Statement of Income Frozen Food Express Industries, Inc. For the Three Months Period Ended March 31, 2005 (unaudited and in thousands, except per-share amounts)
	As Reported			As Restated
Revenue:
Freight revenue	$	115,872		$	115,872
Non-freight revenue		2,157			2,157
		118,029			118,029
Costs and Expenses:					-
Freight Operating Expenses:					-
Salaries, wages and related expenses		30,626			30,626
Purchased transportation		29,566			29,566
Fuel		16,719			16,719
Supplies and expenses		15,166			15,166
Revenue equipment rent		6,777			6,450
Depreciation		5,822			6,047
Communications and utilities		1,026			1,026
Claims and insurance		3,437			3,437
Operating taxes and licenses		1,176			1,176
Gain on disposition of equipment		(1,157	)		(1,157	)
Miscellaneous expenses		1,188			1,188
		110,346			110,244
Non-freight costs and operating expenses		2,152			2,152
		112,498			112,396
Income from operations		5,531			5,633
Interest and other (income) expense		90			192
Income before income tax		5,441			5,441
Provision for income tax		2,134			2,134
Net income	$	3,307		$	3,307
Net income per share of common stock
Basic	$	0.19		$	0.19
Diluted	$	0.18		$	0.18
Weighted average shares outstanding
Basic		17,656			17,656
Diluted		18,724			18,724

PAGE 5

Statements of Income Frozen Food Express Industries, Inc. For the Three and Six Month Periods Ended June 30, 2005 (unaudited and in thousands, except per-share amounts)
	Three Months As Reported			Three Months As Restated			Six Months As Reported			Six Months As Restated
Revenue:
Freight revenue	$	123,250		$	123,250		$	239,122		$	239,122
Non-freight revenue		3,430			3,430			5,587			5,587
		126,680			126,680			244,709			244,709
Costs and Expenses:
Freight Operating Expenses:
Salaries, wages and related expenses		32,628			32,628			63,254			63,254
Purchased transportation		31,605			31,605			61,171			61,171
Fuel		19,090			19,090			35,809			35,809
Supplies and expenses		15,901			15,901			31,067			31,067
Revenue equipment rent		7,301			7,004			14,078			13,454
Depreciation		5,493			5,697			11,315			11,744
Communications and utilities		900			900			1,926			1,926
Claims and insurance		3,151			3,151			6,588			6,588
Operating taxes and licenses		1,026			1,026			2,202			2,202
Gain on disposition of equipment		(1,493	)		(1,493	)		(2,650	)		(2,650	)
Miscellaneous expenses		1,697			1,697			2,885			2,885
		117,299			117,206			227,645			227,450
Non-freight costs and operating expenses		3,288			3,288			5,440			5,440
		120,587			120,494			233,085			232,890
Income from operations		6,093			6,186			11,624			11,819
Interest and other income		(3,445	)		(3,352	)		(3,355	)		(3,160	)
Income before income tax		9,538			9,538			14,979			14,979
Provision for income tax		3,739			3,739			5,873			5,873
Net income	$	5,799		$	5,799		$	9,106		$	9,106
Net income per share of common stock
Basic	$	0.33		$	0.33		$	0.51		$	0.51
Diluted	$	0.31		$	0.31		$	0.49		$	0.49
Weighted average shares outstanding
Basic		17,843			17,843			17,750			17,750
Diluted		18,759			18,759			18,751			18,751

PAGE 6

Statements of Income Frozen Food Express Industries, Inc. For the Three and Nine Month Periods Ended September 30, 2005 (unaudited and in thousands, except per-share amounts)
	Three Months As Reported			Three Months As Restated			Nine Months As Reported			Nine Months As Restated
Revenue:
Freight revenue	$	135,136		$	135,136		$	374,258		$	374,258
Non-freight revenue		2,403			2,403			7,990			7,990
		137,539			137,539			382,248			382,248
Costs and Expenses:
Freight Operating Expenses:
Salaries, wages and related expenses		33,892			33,892			97,146			97,146
Purchased transportation		32,190			32,190			93,361			93,361
Fuel		22,862			22,862			58,671			58,671
Supplies and expenses		17,006			17,006			48,073			48,073
Revenue equipment rent		8,150			7,849			22,228			21,303
Depreciation		4,888			5,095			16,203			16,838
Communications and utilities		1,087			1,087			3,013			3,013
Claims and insurance		4,293			4,293			10,881			10,881
Operating taxes and licenses		1,218			1,218			3,420			3,420
Gain on disposition of equipment		(923	)		(923	)		(3,573	)		(3,573	)
Miscellaneous expenses		1,959			1,959			4,844			4,844
		126,622			126,528			354,267			353,977
Non-freight costs and operating expenses		2,042			2,042			7,482			7,482
		128,664			128,570			361,749			361,459
Income from operations		8,875			8,969			20,499			20,789
Interest and other (income) expense		517			611			(2,838	)		(2,548	)
Income before income tax		8,358			8,358			23,337			23,337
Provision for income tax		3,382			3,382			9,255			9,255
Net income	$	4,976		$	4,976		$	14,082		$	14,082
Net income per share of common stock
Basic	$	0.28		$	0.28		$	0.79		$	0.79
Diluted	$	0.26		$	0.26		$	0.75		$	0.75
Weighted average shares outstanding
Basic		17,944			17,944			17,817			17,817
Diluted		18,873			18,873			18,971			18,971

PAGE 7