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      Form 8K Preliminary Results Interim CFO Restatement
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                              STATES</strong></font></div>
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                              AND EXCHANGE COMMISSION</strong></font></div>
                            <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman"><strong>Washington
                              D.C., 20549</strong></font></div>
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                            <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
                            <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
                            <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>Form
                              8-K</strong></font></div>
                            <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman"><strong>Current
                              Report</strong></font></div>
                            <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman"><strong>Pursuant
                              to Section 13 or 15(d) of the Securities Exchange Act
                              of
                              1934</strong></font></div>
                            <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
                            <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">Date
                              of
                              report (Date of Earliest Event Reported): February
                              15, 2006</font></div>
                            <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
                            <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
                            <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>Frozen
                              Food Express Industries, Inc.</strong></font></div>
                            <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">(Exact
                              Name of Registrant as Specified in its Charter)</font></div>
                            <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
                            <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">Commission
                              File Number: 1-10006</font></div>
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                                      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman"><strong>Texas</strong></font></div>
                                    </td>
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                                      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
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                                      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">75-1301831</font></div>
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                                        or Other Jurisdiction</font></div>
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                                      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
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                                      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">(I.R.S.
                                        Employer</font></div>
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                                      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">of
                                        Incorporation or Organization)</font></div>
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                                      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
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                                      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">Identification
                                        No.)</font></div>
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                                      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
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                                      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">1145
                                        Empire Central Place</font></div>
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                                      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
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                                      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
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                                      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">Dallas,
                                        TX 75247-4309</font></div>
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                                      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
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                                      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">(Address
                                        of Principal Executive Offices, Including
                                        Zip Code)</font></div>
                                    </td>
                                  </tr>
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                                      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
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                                    <td colspan="3" valign="top" width="90%">
                                      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">214-630-8090</font></div>
                                    </td>
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                                      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">(Registrant's
                                        Telephone Number, Including Area
                                        Code)</font></div>
                                    </td>
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                              name or former address, if changed since last report)</font></div>
                            <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
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                              the
                              appropriate box below if the Form 8-K filing is intended
                              to simultaneously
                              satisfy the filing obligation of the registrant under
                              any of the following
                              provisions:</font></div>
                            <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
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</font><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">Written
                              communications pursuant to Rule&#160;425 under the Securities Act (17 CFR
                              230.425)</font></div>
                            <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
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                              material pursuant to Rule 14a-12 under the Exchange
                              Act (17 CFR
                              240.14a-12)</font></div>
                            <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
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</font>Pre-commencement
                                communications pursuant
                                to Rule 14d-2(b) under the Exchange Act (17 CFR 40.14d-2(b))</font></font></div>
                              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
                              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Wingdings">q
<font style="FONT-FAMILY: Times New Roman">Pre<font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">-commencement
                                communications pursuant to Rule 13e-4(c) under the
                                Exchange Act (17 CFR
                                240.13e-4(c))</font></font></font></div><br></div>
                            <div>&#160;</div>
                            <div style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
                            <div>&#160;</div><br>
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                            <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><strong><u>Item
                              1.01.</u>&#160; <u>Entry into a Material Definitive
                              Agreement</u></strong></div>
                            <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
                            <div style="DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">See
                              Item 5.02(c) below, which is incorporated by reference
                              into this
                              Item 1.01.</div>
                            <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
                            <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman"><strong><u>Item
                              1.02.</u></strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman"><strong><u>Termination
                              of a Material Definitive Agreement</u></strong></font></div>
                            <div>&#160;</div>
                            <div style="DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">See&#160;Item
                              5.02(b)&#160;below, which is incorporated by reference into this
                              Item
                              1.02.</font></div>
                            <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
                            <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman"><strong><u>Item
                              2.02.</u></strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman"><strong><u>
                              Results of Operations and Financial Condition</u></strong></font></div>
                            <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
                            <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">The
                              Company has changed its accounting for its lease arrangements
                              with a related
                              party. In accordance with the Financial Accounting
                              Standards Board&#8217;s Financial
                              Interpretation No. 46 (R), &#8220;Consolidation of Variable Interest Entities&#8221; (&#8220;FIN
                              No. 46(R)&#8221;), due to certain terms and conditions present in one
                              such arrangement
                              between the Company and a family partnership controlled
                              by an executive officer
                              of the Company, the Company determined on&#160;February 15, 2006&#160;that the
                              family partnership is a variable interest entity that
                              is required to be
                              consolidated into the financial statements of the Company.
                              FIN No. 46(R) became
                              effective beginning&#160;in the first quarter of 2004. The Company has restated
                              its prior-period financial statements beginning with
                              the first quarter of 2004
                              to reflect the inclusion of the family partnership&#8217;s net book value of the
                              leased assets and related short-term debt. The consolidation
                              of the family
                              partnership did not impact revenue, pre-tax income
                              or net income or net income
                              per share previously reported by the Company but did
                              result in immaterial
                              changes to certain income statement line items. The
                              impact to the December 31,
                              2004 unaudited consolidated financial statements will
                              increase the net book
                              value of property and equipment and short-term debt
                              by approximately $4.5
                              million. As of December 31, 2005, such values had declined
                              to approximately $3.5
                              million, due to depreciation of the assets and amortization
                              of the debt.&#160;
The associated unaudited financial statements, as restated
                              are, filed herewith
                              as Exhibits 99.2 and 99.3.</font></div>
                            <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">On
                              February 17, 2006, the Company issued a press release
                              advising of (i) the
                              aforementioned financial statement restatements, (ii)
                              the anticipated results of
                              operations for the three and twelve months ending December
                              31, 2005 as compared
                              to the comparable periods of 2004 and (iii) the information
                              contained in Item
                              5.02 of this Current Report on Form 8-K. A copy of
                              the press release is
                              furnished herewith as Exhibit 99.1.</font></div>
                            <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
                            <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman"><strong><u>Item
                              4.02.</u></strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman"><strong><u>Non-Reliance
                              on Previously Issued Financial Statements or a Related
                              Audit Report or Completed
                              Interim Review</u></strong></font></div>
                            <div>&#160;</div>
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                                        <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">(a)</div>
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                                        <div>In connection with the restatements
                                          of the financial statements of
                                          the Company described at Item 2.02 hereof,
                                          which is incorporated by
                                          reference into this Item 4.02, the Audit
                                          Committee determined on February
                                          15, 2006 that the interim financial statements
                                          of the Company included in
                                          the Company&#8217;s Quarterly Reports on Form 10-Q for each
                                          of the quarters of
                                          2004 and 2005&#160;and the financial statements for the year
                                          ended and
                                          &#160;as of December 31, 2004 contained in the
                                          Company&#8217;s Annual Report on
                                          Form 10-K for the year ended December 31,
                                          2004 should no longer be relied
                                          upon. The restated unaudited financial
                                          statements for each of the dates
                                          identified in this Item 4.02, and a comparison
                                          to the financial statements
                                          previously filed by the Company are presented
                                          as Exhibits 99.2 and
                                          99.3&#160;to this Current Report on Form 8-K.&#160; The Company's Audit
                                          Committee has discussed such matters with
                                          the Company's independent public
                                          registered accounting firm, KPMG, LLP.</div>
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                                      <td width="8%">&#160;</td>
                                      <td width="82%">&#160;</td>
                                    </tr>

                                </table>
                              </div>
                            </div>
                            <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman"><strong><u>Item
                              5.02</u></strong></font><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman"><strong>.</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman"><strong><u>
                              Departure of Directors or Principal Officers; Election
                              of Directors; Appointment
                              of Principal Officers</u></strong></font></div>
                            <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
                            <div align="left">
                              <table bgcolor="white" cellpadding="0" cellspacing="0" width="100%">

                                  <tr bgcolor="white">
                                    <td width="5%">&#160;</td>
                                    <td valign="top" width="8%">
                                      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">(a)</div>
                                    </td>
                                    <td width="82%">Effective with the voluntary
                                      termination of his employment
                                      as of February 15, 2006 as Senior Vice President
                                      and Chief Financial
                                      Officer of the Company as described at Item
                                      5.02(b) below, Mr. Gary M.
                                      Pruden has also resigned from the Company's
                                      Board of Directors.&#160; In
                                      connection with his departure, Mr. Pruden met
                                      with the Audit Committee of
                                      the Company's Board of Directors to discuss
                                      unsubstantiated allegations
                                      reported to him relating to questionable billing
                                      practices and certain
                                      other operational matters.&#160; On February 20, 2006, the Audit Committee
                                      retained Thompson &amp; Knight, LLP of Dallas as independent counsel
                                      to
                                      assist the committee in its investigation of
                                      these matters.</td>
                                  </tr>
                                  <tr bgcolor="white">
                                    <td width="5%">&#160;</td>
                                    <td width="8%">&#160;</td>
                                    <td width="82%">&#160;</td>
                                  </tr>
                                  <tr bgcolor="white">
                                    <td width="5%">&#160;</td>
                                    <td valign="top" width="8%"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">(b)</font><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">&#160;</font></td>
                                    <td width="82%">The service of Mr. Pruden as
                                      Senior Vice President and
                                      Chief Financial Officer of the Company ended
                                      on February 15,
                                      2006.&#160;The Company and Mr.&#160;Pruden had entered into a Change in
                                      Control Agreement (the &#8220;Pruden Agreement&#8221;) pursuant to which Mr. Pruden
                                      was entitled to severance benefits in the event
                                      of a "change in control"
                                      (as defined in the Pruden Agreement) of the
                                      Company during the term of his
                                      employment. The terms of that agreement expired
                                      upon the termination of
                                      Mr. Pruden&#8217;s employment by the Company. A form of such
                                      agreement was filed
                                      with the SEC as Exhibit 10.1 to the Company&#8217;s Current Report on Form 8-K
                                      on June 28, 2000 and is incorporated herein
                                      by reference.</td>
                                  </tr>
                                  <tr bgcolor="white">
                                    <td width="5%">&#160;</td>
                                    <td width="8%">&#160;</td>
                                    <td width="82%">&#160;</td>
                                  </tr>
                                  <tr bgcolor="white">
                                    <td width="5%">&#160;</td>
                                    <td valign="top" width="8%">
                                      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">(c)</div>
                                    </td>
                                    <td width="82%">The Company&#8217;s Board of Directors has&#160;appointed Thomas
                                      G. Yetter to the position of Treasurer and
                                      Interim Chief Financial
                                      Officer, effective February 15, 2006.

                                      <div>&#160;</div>
                                      <div><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">Mr.
                                        Yetter, age 53,&#160;has been employed by the Company since 1986,
                                        and has
                                        held the position of Treasurer since 1988.
                                        Since 1988, Mr. Yetter has also
                                        served as Vice President-Finance for the
                                        Company&#8217;s primary operating
                                        subsidiary. A summary of Mr. Yetter&#8217;s compensation arrangement as of
                                        February 15, 2006&#160;is filed herewith as Exhibit 99.4 and incorporated
                                        by reference into this Item 5.02 (c).</font></div>
                                    </td>
                                  </tr>
                                  <tr bgcolor="white">
                                    <td width="5%">&#160;</td>
                                    <td width="8%">&#160;</td>
                                    <td width="82%">&#160;</td>
                                  </tr>

                              </table>
                            </div>
                            <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br>&#160;</div>
                            <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
                              <div id="FTR">
                                <div id="GLFTR" style="WIDTH: 100%" align="left">
                                </div>
                              </div>
                              <div id="PN" style="PAGE-BREAK-AFTER: always">
                                <div style="WIDTH: 100%; TEXT-ALIGN: center">
                                </div>
                                <div style="WIDTH: 100%; TEXT-ALIGN: center">
                                  <hr style="COLOR: black" noshade size="2">
                                </div>
                              </div>
                              <div id="HDR">
                                <div id="GLHDR" style="WIDTH: 100%" align="right">
                                </div>
                              </div>
                            </div>
                            <div>
                              <div style="DISPLAY: block; MARGIN-LEFT: 45pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">Information
                                as to Mr. Yetter&#8217;s compensation for 2005&#160;is as follows:</font></div>
                              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
                              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
                              <div align="center">
                                <table bgcolor="white" border="0" cellpadding="0" cellspacing="0" id="ftable" width="50%">

                                    <tr bgcolor="white">
                                      <td width="1%">&#160;</td>
                                      <td align="left" colspan="8" valign="bottom" width="32%">&#160;</td>
                                      <td align="left" valign="bottom" width="1%">&#160;</td>
                                      <td colspan="8" valign="bottom" width="32%">&#160;</td>
                                      <td align="left" valign="bottom" width="1%">&#160;</td>
                                    </tr>
                                    <tr bgcolor="white">
                                      <td width="1%" style="border-bottom: #ffffff solid;">&#160;</td>
                                      <td align="left" colspan="8" valign="bottom" width="32%" style="border-bottom: black thin solid;">
                                        <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;<strong>Annual
                                          Compensation</strong></div>
                                      </td>
                                      <td align="left" valign="bottom" width="1%" style="border-bottom: #ffffff solid;">&#160;</td>
                                      <td colspan="5" valign="bottom" width="21%" style="border-bottom: black thin solid;">
                                        <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;<strong>Long-Term
                                          Compensation Awards</strong></div>
                                      </td>
                                      <td align="left" valign="bottom" width="1%" style="border-bottom: #ffffff solid;">&#160;</td>
                                      <td colspan="2" valign="bottom" width="10%" style="border-bottom: #ffffff solid;">&#160;</td>
                                      <td align="left" valign="bottom" width="1%" style="border-bottom: #ffffff solid;">&#160;</td>
                                    </tr>
                                    <tr bgcolor="white">
                                      <td width="1%" style="border-bottom: #ffffff thin solid;">&#160;</td>
                                      <td align="left" colspan="2" valign="bottom" width="9%" style="border-bottom: black thin solid;">
                                        <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;<strong>Salary</strong></div>
                                      </td>
                                      <td width="2%" style="border-bottom: #ffffff solid;">
                                        <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
                                      </td>
                                      <td colspan="2" valign="bottom" width="10%" style="border-bottom: black thin solid;">
                                        <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><strong>&#160;Bonus
<sup>(1)</sup></strong></div>
                                      </td>
                                      <td align="left" valign="bottom" width="1%" style="border-bottom: #ffffff solid;">
                                        <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
                                      </td>
                                      <td colspan="2" valign="bottom" width="10%" style="border-bottom: black thin solid;">
                                        <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><strong>&#160;Total</strong></div>
                                      </td>
                                      <td align="left" valign="bottom" width="1%" style="border-bottom: #ffffff solid;">
                                        <div>&#160;</div>
                                      </td>
                                      <td colspan="2" valign="bottom" width="10%" style="border-bottom: black thin solid;">
                                        <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><strong>Restricted
</strong></div>
                                        <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><strong>Stock
                                          Awards $ </strong></div>
                                      </td>
                                      <td align="left" valign="bottom" width="1%" style="border-bottom: #ffffff solid;">
                                        <div>&#160;</div>
                                      </td>
                                      <td colspan="2" valign="bottom" width="10%" style="border-bottom: black thin solid;">
                                        <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><strong>&#160;Securities
                                          Underlying Options/SARs #
                                          <sup>(2)</sup></strong></div>
                                      </td>
                                      <td align="left" valign="bottom" width="1%" style="border-bottom: #ffffff solid;">
                                        <div>&#160;</div>
                                      </td>
                                      <td colspan="2" valign="bottom" width="10%" style="border-bottom: black thin solid;">
                                        <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><strong>&#160;All
                                          Other Compensation
                                          <sup>(3)</sup></strong></div>
                                      </td>
                                      <td align="left" valign="bottom" width="1%" style="border-bottom: #ffffff solid;">&#160;</td>
                                    </tr>
                                    <tr bgcolor="white">
                                      <td width="1%">&#160;</td>
                                      <td align="left" valign="bottom" width="4%" style="border-bottom: medium none;">
                                        <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">$</div>
                                      </td>
                                      <td align="left" valign="bottom" width="5%" style="border-bottom: medium none;">
                                        <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">161,600</div>
                                      </td>
                                      <td width="2%" style="border-bottom: medium none;">&#160;</td>
                                      <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">&#160;$</td>
                                      <td align="right" valign="bottom" width="9%" style="border-bottom: medium none;">
                                        <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">49,800</div>
                                      </td>
                                      <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">&#160;</td>
                                      <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">&#160;$</td>
                                      <td align="right" valign="bottom" width="9%" style="border-bottom: medium none;">
                                        <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">211,400</div>
                                      </td>
                                      <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">&#160;</td>
                                      <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">
                                      </td>
                                      <td align="right" valign="bottom" width="9%" style="border-bottom: medium none;">
                                        <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">$-</div>
                                      </td>
                                      <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">&#160;</td>
                                      <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">&#160;</td>
                                      <td align="right" valign="bottom" width="9%" style="border-bottom: medium none;">
                                        <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">10,000</div>
                                      </td>
                                      <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">&#160;</td>
                                      <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">
                                      </td>
                                      <td align="right" valign="bottom" width="9%" style="border-bottom: medium none;">
                                        <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">$9,100</div>
                                      </td>
                                      <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">&#160;</td>
                                    </tr>

                                </table>
                              </div>
                              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
                              <div align="center">
                                <table bgcolor="white" cellpadding="0" cellspacing="0" width="100%">

                                    <tr bgcolor="white">
                                      <td width="8%" style="border-bottom: #ffffff solid;">&#160;</td>
                                      <td width="82%" style="border-bottom: black thin solid;">&#160;</td>
                                    </tr>
                                    <tr bgcolor="white">
                                      <td valign="top" width="8%">
                                        <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right">(1)
</div>
                                      </td>
                                      <td width="82%">Represents bonus awarded to
                                        Mr. Yetter pursuant to the FFE
                                        Transportation Services, Inc. Phantom Stock
                                        Plan, which is filed herewith
                                        as Exhibit 10.1.</td>
                                    </tr>
                                    <tr bgcolor="white">
                                      <td valign="top" width="8%">
                                        <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right">&#160;(2)</div>
                                      </td>
                                      <td width="82%">Options to acquire shares
                                        of the Company&#8217;s Common
                                        Stock.</td>
                                    </tr>
                                    <tr bgcolor="white">
                                      <td valign="top" width="8%">
                                        <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right">(3)</div>
                                      </td>
                                      <td width="82%">
                                        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">Represents
                                          $5,500 paid under an Executive Medical
                                          Reimbursement Plan and
                                          $3,600&#160;paid&#160;for Mr. Yetter's benefit into the Company's
                                          401 (k)
                                          Wrap Plan.</font></div>
                                      </td>
                                    </tr>
                                    <tr bgcolor="white">
                                      <td width="8%">&#160;</td>
                                      <td width="82%">&#160;</td>
                                    </tr>

                                </table>
                              </div>
                              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt"></font><br><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman"><strong>Option/SAR
                                Grants in Last Fiscal Year</strong></font></div>
                              <div style="DISPLAY: block; MARGIN-LEFT: 54pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">Following
                                is information concerning the grant of stock options
                                to Mr. Yetter in 2005 under
                                the Company&#8217;s option plans:</font></div>
                              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
                              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
                              <div align="center">
                                <table cellpadding="0" cellspacing="0" id="ftable" width="50%">

                                    <tr>
                                      <td align="left" valign="bottom" width="9%" style="border-bottom: black thin solid;">
                                        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
                                        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman"><strong>Number
                                          of Securities Underlying</strong></font></div>
                                        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman"><strong>Options/SARs</strong></font></div>
                                        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman"><strong>Granted
                                          (2)</strong></font></div>
                                      </td>
                                      <td width="2%" style="border-bottom: #ffffff thin solid;">&#160;</td>
                                      <td colspan="2" valign="bottom" width="10%" style="border-bottom: black thin solid;">
                                        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman"><strong>%
                                          of Total</strong></font></div>
                                        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman"><strong>Options/SARS</strong></font></div>
                                        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman"><strong>Granted
                                          to</strong></font></div>
                                        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman"><strong>Employees</strong></font></div>
                                        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman"><strong>In
                                          Fiscal</strong></font></div>
                                        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman"><strong>Year</strong></font></div>
                                      </td>
                                      <td align="left" valign="bottom" width="1%" style="border-bottom: #ffffff thin solid;">&#160;</td>
                                      <td colspan="2" valign="bottom" width="10%" style="border-bottom: black thin solid;">
                                        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center">
                                          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman"><strong>Exercise
                                            or</strong></font></div>
                                          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman"><strong>Base
                                            Price</strong></font></div>
                                          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman"><strong>(#/Sh)</strong></font></div>
                                        </div>
                                      </td>
                                      <td align="left" valign="bottom" width="1%" style="border-bottom: #ffffff thin solid;">&#160;</td>
                                      <td colspan="2" valign="bottom" width="10%" style="border-bottom: black thin solid;">
                                        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center">
                                          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman"><strong>Expiration</strong></font></div>
                                          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman"><strong>Date</strong></font></div>
                                        </div>
                                      </td>
                                      <td align="left" valign="bottom" width="1%" style="border-bottom: #ffffff thin solid;">&#160;</td>
                                      <td colspan="5" valign="bottom" width="21%" style="border-bottom: black thin solid;">
                                        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman"><strong>Potential
                                          Realizable Value at</strong></font></div>
                                        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman"><strong>Assumed
                                          Annual Rates of</strong></font></div>
                                        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman"><strong>Stock
                                          Price Appreciation</strong></font></div>
                                        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman"><strong>For
                                          Option Term (1)</strong></font></div>
                                        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><strong><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
                                          5%&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;10%&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">&#160;</font></strong></div>
                                      </td>
                                      <td align="left" valign="bottom" width="1%" style="border-bottom: #ffffff thin solid;">&#160;</td>
                                    </tr>
                                    <tr>
                                      <td align="left" valign="bottom" width="9%" style="border-bottom: medium none;">
                                        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">10,000</font></div>
                                      </td>
                                      <td width="2%" style="border-bottom: medium none;">&#160;</td>
                                      <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">&#160;</td>
                                      <td align="right" valign="bottom" width="9%" style="border-bottom: medium none;">
                                        <div style="DISPLAY: block; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0px" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">*</font></div>
                                      </td>
                                      <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">&#160;</td>
                                      <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">
                                        <div style="DISPLAY: block; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 12pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">$</font></div>
                                      </td>
                                      <td align="right" valign="bottom" width="9%" style="border-bottom: medium none;">
                                        <div style="DISPLAY: block; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0px" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">10.59</font></div>
                                      </td>
                                      <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">&#160;</td>
                                      <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">&#160;</td>
                                      <td align="right" valign="bottom" width="9%" style="border-bottom: medium none;">
                                        <div style="DISPLAY: block; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 12pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">12/16/2015</font></div>
                                      </td>
                                      <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">&#160;</td>
                                      <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">$&#160;</td>
                                      <td align="right" valign="bottom" width="9%" style="border-bottom: medium none;">
                                        <div style="DISPLAY: block; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0px" align="center">66,600</div>
                                      </td>
                                      <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">&#160;</td>
                                      <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">$&#160;</td>
                                      <td align="right" valign="bottom" width="9%" style="border-bottom: medium none;">
                                        <div style="DISPLAY: block; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0px" align="center">168,800</div>
                                      </td>
                                      <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">&#160;</td>
                                    </tr>

                                </table>
                              </div>
                              <div>&#160;</div>
                              <div>&#160;</div>
                              <div align="center">
                                <table bgcolor="white" cellpadding="0" cellspacing="0" width="100%">

                                    <tr bgcolor="white">
                                      <td valign="top" width="8%">
                                        <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right">&#160;*</div>
                                      </td>
                                      <td width="82%">less than 1%</td>
                                    </tr>
                                    <tr bgcolor="white">
                                      <td valign="top" width="8%">
                                        <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right">&#160;(1)</div>
                                      </td>
                                      <td width="82%">Represents assumed rates of
                                        appreciation only. Actual
                                        gains depend on the future performance of
                                        the Common Stock and overall
                                        stock market conditions. There can be no
                                        assurance that the amounts
                                        reflected in this table will be achieved.</td>
                                    </tr>
                                    <tr bgcolor="white">
                                      <td valign="top" width="8%">
                                        <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right">&#160;<font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">(2)</font></div>
                                      </td>
                                      <td width="82%">
                                        <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">All
                                          options granted were granted on December
                                          16, 2005 under the 2005 Stock
                                          Incentive Plan, are fully vested at date
                                          of grant, are&#160;exercisable
                                          one year from the date of grant, expire
                                          ten years from the date of grant,
                                          and were granted with an exercise price
                                          equal to the market price of are
                                          the Common Stock on the date of grant.</font></div>
                                      </td>
                                    </tr>
                                    <tr bgcolor="white">
                                      <td width="8%">&#160;</td>
                                      <td width="82%">&#160;</td>
                                    </tr>

                                </table>
                              </div>
                              <div style="DISPLAY: block; MARGIN-LEFT: 27pt; TEXT-INDENT: -27pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
                              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
                              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman"><strong>Aggregated
                                Option/SAR Exercises in Last Fiscal Year and Fiscal
                                Year-End Option/SAR
                                Values</strong></font></div>
                              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font id="TAB1" style="MARGIN-LEFT: 18pt"></font><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman"><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;The
                                following
                                table provides information with respect to Mr. Yetter
                                concerning the exercise of
                                options during the last fiscal year and the number
                                of unexercised options
                                segregated by those that were exercisable and those
                                that were unexercisable at
                                December 31, 2005 and the value of in-the-money options
                                segregated by those that
                                were exercisable and those that were unexercisable
                                at December 31,
                                2005:</font></div>
                              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
                              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
                              <div align="center">
                                <table bgcolor="white" border="0" cellpadding="0" cellspacing="0" id="ftable" width="50%">

                                    <tr bgcolor="white">
                                      <td align="left" valign="bottom" width="11%" style="border-bottom: #ffffff solid;">
                                        <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;Shares
                                          Acquired On </div>
                                      </td>
                                      <td width="2%" style="border-bottom: #ffffff solid;">&#160;</td>
                                      <td colspan="2" valign="bottom" width="12%" style="border-bottom: #ffffff solid;">
                                        <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;&#160;Value
</div>
                                      </td>
                                      <td align="left" valign="bottom" width="2%" style="border-bottom: #ffffff solid;">&#160;</td>
                                      <td colspan="2" valign="bottom" width="12%" style="border-bottom: black thin solid;">
                                        <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;Number
                                          of Securities Underlying Unexercised
                                          Options/SARs at Fiscal Year-end (#) </div>
                                      </td>
                                      <td align="left" valign="bottom" width="2%" style="border-bottom: #ffffff solid;">&#160;</td>
                                      <td colspan="2" valign="bottom" width="12%" style="border-bottom: black thin solid;">
                                        <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;Value
                                          of unexercised In-the-Money Options/SARs
                                          At
                                          Fiscal Year-end ($) <sup>(1)</sup></div>
                                      </td>
                                      <td align="left" valign="bottom" width="1%" style="border-bottom: #ffffff solid;">&#160;</td>
                                    </tr>
                                    <tr bgcolor="white">
                                      <td align="left" valign="bottom" width="11%" style="border-bottom: black thin solid;">
                                        <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;Exercise
                                          (#)</div>
                                      </td>
                                      <td width="2%" style="border-bottom: #ffffff thin solid;">&#160;</td>
                                      <td colspan="2" valign="bottom" width="12%" style="border-bottom: black thin solid;">
                                        <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">Realized</div>
                                      </td>
                                      <td align="left" valign="bottom" width="2%" style="border-bottom: #ffffff thin solid;">&#160;</td>
                                      <td colspan="2" valign="bottom" width="12%" style="border-bottom: black thin solid;">
                                        <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;Exercisable/Unexercisable</div>
                                      </td>
                                      <td align="left" valign="bottom" width="2%" style="border-bottom: #ffffff thin solid;">&#160;</td>
                                      <td colspan="2" valign="bottom" width="12%" style="border-bottom: black thin solid;">
                                        <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;Exercisable/Unexercisable</div>
                                      </td>
                                      <td align="left" valign="bottom" width="1%" style="border-bottom: #ffffff thin solid;">&#160;</td>
                                    </tr>
                                    <tr bgcolor="white">
                                      <td align="left" valign="bottom" width="11%" style="border-bottom: medium none;">
                                        <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;11,367</div>
                                      </td>
                                      <td width="2%" style="border-bottom: medium none;">&#160;</td>
                                      <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">
                                      </td>
                                      <td align="right" valign="bottom" width="11%" style="border-bottom: medium none;">
                                        <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">$96,500</div>
                                      </td>
                                      <td align="left" valign="bottom" width="2%" style="border-bottom: medium none;">&#160;</td>
                                      <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">&#160;</td>
                                      <td align="right" valign="bottom" width="11%" style="border-bottom: medium none;">
                                        <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px" align="center">61,819/10,000</div>
                                      </td>
                                      <td align="left" valign="bottom" width="2%" style="border-bottom: medium none;">&#160;</td>
                                      <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">
                                        <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px">&#160;</div>
                                      </td>
                                      <td align="right" valign="bottom" width="11%" style="border-bottom: medium none;">
                                        <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px" align="center">$450,700/$4,400</div>
                                      </td>
                                      <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">&#160;</td>
                                    </tr>

                                </table>
                              </div>
                              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
                              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
                              <div align="center">
                                <table bgcolor="white" cellpadding="0" cellspacing="0" width="100%">

                                    <tr bgcolor="white">
                                      <td valign="top" width="8%">
                                        <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right">&#160;<font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">(1)</font></div>
                                      </td>
                                      <td width="82%">
                                        <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">The
                                          closing price for the Company's Common
                                          Stock as reported by Nasdaq on
                                          December 31, 2005, was $11.03. Value is
                                          calculated based on the difference
                                          between $11.03 and the option exercise
                                          price of an "in-the-money" option
                                          multiplied by the number of shares of Common
                                          Stock underlying the
                                          option.</font></div>
                                      </td>
                                    </tr>

                                </table>
                              </div>
                              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
                              <div>&#160;</div>
                            </div>
                            <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman"><strong><u>Item
                              9.01.</u></strong></font><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman"><strong>&#160;</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman"><strong><u>Exhibits,
                              Financial Statements Schedules,&#160;and Reports on Form
                              8-K.</u></strong></font></div>
                            <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
                            <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman"><strong>(a)
                              FINANCIAL STATEMENTS AND FINANCIAL STATEMENT SCHEDULES:</strong></font></div>
                            <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br>
                              <div align="left">
                                <table cellpadding="0" cellspacing="0" width="100%">

                                    <tr>
                                      <td align="left" valign="top" width="8%">
                                        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
                                      </td>
                                      <td align="left" colspan="2" valign="top" width="82%">
                                      </td>
                                    </tr>
                                    <tr bgcolor="white">
                                      <td align="left" colspan="2" valign="top" width="90%">
                                        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">10.1</font></div>
                                      </td>
                                      <td align="left" valign="top" width="81%">
                                        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">FFE
                                          Transportation Services, Inc. Management
                                          Phantom Stock
                                          Plan.</font></div>
                                      </td>
                                    </tr>
                                    <tr bgcolor="#cbdbd1">
                                      <td align="left" colspan="2" valign="top" width="90%">
                                        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">99.1</font></div>
                                      </td>
                                      <td align="left" valign="top" width="81%">
                                        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">Press
                                          Release dated February 17, 2006 of Frozen
                                          Food Express Industries,
                                          Inc.</font></div>
                                      </td>
                                    </tr>
                                    <tr bgcolor="white">
                                      <td align="left" colspan="2" valign="top" width="90%">
                                        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">99.2</font></div>
                                      </td>
                                      <td align="left" valign="top" width="81%">
                                        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">Restated
                                          Unaudited Balance Sheets of the Company
                                          as of March 31, 2004; June 30,
                                          2004; September 30, 2004; </font><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">December
                                          31, 2004; March 31, 2005; June 30, 2005
                                          and September 30,
                                          2005.</font></div>
                                      </td>
                                    </tr>
                                    <tr bgcolor="#cbdbd1">
                                      <td align="left" colspan="2" valign="top" width="90%">
                                        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">99.3</font></div>
                                      </td>
                                      <td align="left" valign="top" width="81%">
                                        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">Restated
                                          Unaudited Statements of Income of the Company
                                          for the quarterly and
                                          year-end periods from March 31, </font><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">2004
                                          through September 31, 2005.</font></div>
                                      </td>
                                    </tr>
                                    <tr bgcolor="white">
                                      <td align="left" colspan="2" valign="top" width="90%">
                                        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">99.4</font></div>
                                      </td>
                                      <td align="left" valign="top" width="81%">
                                        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">Summary
                                          of Compensation Arrangements.</font></div>
                                      </td>
                                    </tr>

                                </table>
                              </div>
                            </div>
                            <div>&#160;</div>
                            <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
                            <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman"><strong>Signatures</strong></font></div>
                            <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
                            <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">Pursuant
                              to the Requirements of the Securities Exchange Act
                              of 1934, the Registrant has
                              duly caused this Report to be signed on its behalf
                              by the Undersigned hereunto
                              duly authorized. </font></div>
                            <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
                            <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
                            <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 234pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman"><strong>FROZEN
                              FOOD EXPRESS INDUSTRIES, INC.</strong></font></div>
                            <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
                            <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
                            <div>
                              <table cellpadding="0" cellspacing="0" width="100%">

                                  <tr>
                                    <td align="left" valign="middle" width="32%">
                                      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">&#160;Date:&#160;February
                                        22, 2006&#160;&#160;</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font></div>
                                    </td>
                                    <td align="left" valign="middle" width="24%" style="border-bottom: black thin solid;">
                                      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">By:
                                        </font><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">/s/&#160;Stoney
                                        M. Stubbs, Jr.&#160;</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font></div>
                                    </td>
                                  </tr>
                                  <tr>
                                    <td align="left" valign="middle" width="32%">
                                      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
                                    </td>
                                    <td align="left" valign="middle" width="24%">
                                      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">Stoney
                                        M. Stubbs, Jr.</font></div>
                                    </td>
                                  </tr>
                                  <tr>
                                    <td align="left" valign="middle" width="32%">
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[{"type": "8-K", "sequence": "1", "filename": "form8k_prelimresultsq405.htm", "description": "FORM 8K PRELIMINARY RESULTS INTERIM CFO RESTATEMENT", "secsgml_size_bytes": 95661}]
{"company-data": {"conformed-name": "FROZEN FOOD EXPRESS INDUSTRIES INC", "cik": "0000039273", "assigned-sic": "4213", "irs-number": "751301831", "state-of-incorporation": "TX", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-10006", "film-number": "06636659"}, "business-address": {"street1": "1145 EMPIRE CENTRAL PLACE", "city": "DALLAS", "state": "TX", "zip": "75247", "phone": "2146308090"}}
Form 8K Preliminary Results Interim CFO Restatement
UNITED
                              STATES
SECURITIES
                              AND EXCHANGE COMMISSION
Washington
                              D.C., 20549
Form
                              8-K
Current
                              Report
Pursuant
                              to Section 13 or 15(d) of the Securities Exchange Act
                              of
                              1934
Date
                              of
                              report (Date of Earliest Event Reported): February
                              15, 2006
Frozen
                              Food Express Industries, Inc.
(Exact
                              Name of Registrant as Specified in its Charter)
Commission
                              File Number: 1-10006
Texas
75-1301831
(State
                                        or Other Jurisdiction
(I.R.S.
                                        Employer
of
                                        Incorporation or Organization)
Identification
                                        No.)
1145
                                        Empire Central Place
Dallas,
                                        TX 75247-4309
(Address
                                        of Principal Executive Offices, Including
                                        Zip Code)
214-630-8090
(Registrant's
                                        Telephone Number, Including Area
                                        Code)
(Former
                              name or former address, if changed since last report)
Check
                              the
                              appropriate box below if the Form 8-K filing is intended
                              to simultaneously
                              satisfy the filing obligation of the registrant under
                              any of the following
                              provisions:
q
Written
                              communications pursuant to Rule 425 under the Securities Act (17 CFR
                              230.425)
q
Soliciting
                              material pursuant to Rule 14a-12 under the Exchange
                              Act (17 CFR
                              240.14a-12)
p
Pre-commencement
                                communications pursuant
                                to Rule 14d-2(b) under the Exchange Act (17 CFR 40.14d-2(b))
q
Pre
-commencement
                                communications pursuant to Rule 13e-4(c) under the
                                Exchange Act (17 CFR
                                240.13e-4(c))
Item
                              1.01.
Entry into a Material Definitive
                              Agreement
See
                              Item 5.02(c) below, which is incorporated by reference
                              into this
                              Item 1.01.
Item
                              1.02.
Termination
                              of a Material Definitive Agreement
See Item
                              5.02(b) below, which is incorporated by reference into this
                              Item
                              1.02.
Item
                              2.02.
Results of Operations and Financial Condition
The
                              Company has changed its accounting for its lease arrangements
                              with a related
                              party. In accordance with the Financial Accounting
                              Standards Board's Financial
                              Interpretation No. 46 (R), "Consolidation of Variable Interest Entities" ("FIN
                              No. 46(R)"), due to certain terms and conditions present in one
                              such arrangement
                              between the Company and a family partnership controlled
                              by an executive officer
                              of the Company, the Company determined on February 15, 2006 that the
                              family partnership is a variable interest entity that
                              is required to be
                              consolidated into the financial statements of the Company.
                              FIN No. 46(R) became
                              effective beginning in the first quarter of 2004. The Company has restated
                              its prior-period financial statements beginning with
                              the first quarter of 2004
                              to reflect the inclusion of the family partnership's net book value of the
                              leased assets and related short-term debt. The consolidation
                              of the family
                              partnership did not impact revenue, pre-tax income
                              or net income or net income
                              per share previously reported by the Company but did
                              result in immaterial
                              changes to certain income statement line items. The
                              impact to the December 31,
                              2004 unaudited consolidated financial statements will
                              increase the net book
                              value of property and equipment and short-term debt
                              by approximately $4.5
                              million. As of December 31, 2005, such values had declined
                              to approximately $3.5
                              million, due to depreciation of the assets and amortization
                              of the debt. 
The associated unaudited financial statements, as restated
                              are, filed herewith
                              as Exhibits 99.2 and 99.3.
On
                              February 17, 2006, the Company issued a press release
                              advising of (i) the
                              aforementioned financial statement restatements, (ii)
                              the anticipated results of
                              operations for the three and twelve months ending December
                              31, 2005 as compared
                              to the comparable periods of 2004 and (iii) the information
                              contained in Item
                              5.02 of this Current Report on Form 8-K. A copy of
                              the press release is
                              furnished herewith as Exhibit 99.1.
Item
                              4.02.
Non-Reliance
                              on Previously Issued Financial Statements or a Related
                              Audit Report or Completed
                              Interim Review
(a)
In connection with the restatements
                                          of the financial statements of
                                          the Company described at Item 2.02 hereof,
                                          which is incorporated by
                                          reference into this Item 4.02, the Audit
                                          Committee determined on February
                                          15, 2006 that the interim financial statements
                                          of the Company included in
                                          the Company's Quarterly Reports on Form 10-Q for each
                                          of the quarters of
                                          2004 and 2005 and the financial statements for the year
                                          ended and
                                           as of December 31, 2004 contained in the
                                          Company's Annual Report on
                                          Form 10-K for the year ended December 31,
                                          2004 should no longer be relied
                                          upon. The restated unaudited financial
                                          statements for each of the dates
                                          identified in this Item 4.02, and a comparison
                                          to the financial statements
                                          previously filed by the Company are presented
                                          as Exhibits 99.2 and
                                          99.3 to this Current Report on Form 8-K.  The Company's Audit
                                          Committee has discussed such matters with
                                          the Company's independent public
                                          registered accounting firm, KPMG, LLP.
Item
                              5.02
.
Departure of Directors or Principal Officers; Election
                              of Directors; Appointment
                              of Principal Officers
(a)
Effective with the voluntary
                                      termination of his employment
                                      as of February 15, 2006 as Senior Vice President
                                      and Chief Financial
                                      Officer of the Company as described at Item
                                      5.02(b) below, Mr. Gary M.
                                      Pruden has also resigned from the Company's
                                      Board of Directors.  In
                                      connection with his departure, Mr. Pruden met
                                      with the Audit Committee of
                                      the Company's Board of Directors to discuss
                                      unsubstantiated allegations
                                      reported to him relating to questionable billing
                                      practices and certain
                                      other operational matters.  On February 20, 2006, the Audit Committee
                                      retained Thompson & Knight, LLP of Dallas as independent counsel
                                      to
                                      assist the committee in its investigation of
                                      these matters.
(b)
The service of Mr. Pruden as
                                      Senior Vice President and
                                      Chief Financial Officer of the Company ended
                                      on February 15,
                                      2006. The Company and Mr. Pruden had entered into a Change in
                                      Control Agreement (the "Pruden Agreement") pursuant to which Mr. Pruden
                                      was entitled to severance benefits in the event
                                      of a "change in control"
                                      (as defined in the Pruden Agreement) of the
                                      Company during the term of his
                                      employment. The terms of that agreement expired
                                      upon the termination of
                                      Mr. Pruden's employment by the Company. A form of such
                                      agreement was filed
                                      with the SEC as Exhibit 10.1 to the Company's Current Report on Form 8-K
                                      on June 28, 2000 and is incorporated herein
                                      by reference.
(c)
The Company's Board of Directors has appointed Thomas
                                      G. Yetter to the position of Treasurer and
                                      Interim Chief Financial
                                      Officer, effective February 15, 2006.
Mr.
                                        Yetter, age 53, has been employed by the Company since 1986,
                                        and has
                                        held the position of Treasurer since 1988.
                                        Since 1988, Mr. Yetter has also
                                        served as Vice President-Finance for the
                                        Company's primary operating
                                        subsidiary. A summary of Mr. Yetter's compensation arrangement as of
                                        February 15, 2006 is filed herewith as Exhibit 99.4 and incorporated
                                        by reference into this Item 5.02 (c).
Information
                                as to Mr. Yetter's compensation for 2005 is as follows:
Annual
                                          Compensation
Long-Term
                                          Compensation Awards
Salary
Bonus
(1)
Total
Restricted
Stock
                                          Awards $
Securities
                                          Underlying Options/SARs #
(2)
All
                                          Other Compensation
(3)
$
161,600
$
49,800
$
211,400
$-
10,000
$9,100
(1)
Represents bonus awarded to
                                        Mr. Yetter pursuant to the FFE
                                        Transportation Services, Inc. Phantom Stock
                                        Plan, which is filed herewith
                                        as Exhibit 10.1.
(2)
Options to acquire shares
                                        of the Company's Common
                                        Stock.
(3)
Represents
                                          $5,500 paid under an Executive Medical
                                          Reimbursement Plan and
                                          $3,600 paid for Mr. Yetter's benefit into the Company's
                                          401 (k)
                                          Wrap Plan.
Option/SAR
                                Grants in Last Fiscal Year
Following
                                is information concerning the grant of stock options
                                to Mr. Yetter in 2005 under
                                the Company's option plans:
Number
                                          of Securities Underlying
Options/SARs
Granted
                                          (2)
%
                                          of Total
Options/SARS
Granted
                                          to
Employees
In
                                          Fiscal
Year
Exercise
                                            or
Base
                                            Price
(#/Sh)
Expiration
Date
Potential
                                          Realizable Value at
Assumed
                                          Annual Rates of
Stock
                                          Price Appreciation
For
                                          Option Term (1)
5%         10%
10,000
*
$
10.59
12/16/2015
$
66,600
$
168,800
*
less than 1%
(1)
Represents assumed rates of
                                        appreciation only. Actual
                                        gains depend on the future performance of
                                        the Common Stock and overall
                                        stock market conditions. There can be no
                                        assurance that the amounts
                                        reflected in this table will be achieved.
(2)
All
                                          options granted were granted on December
                                          16, 2005 under the 2005 Stock
                                          Incentive Plan, are fully vested at date
                                          of grant, are exercisable
                                          one year from the date of grant, expire
                                          ten years from the date of grant,
                                          and were granted with an exercise price
                                          equal to the market price of are
                                          the Common Stock on the date of grant.
Aggregated
                                Option/SAR Exercises in Last Fiscal Year and Fiscal
                                Year-End Option/SAR
                                Values
The
                                following
                                table provides information with respect to Mr. Yetter
                                concerning the exercise of
                                options during the last fiscal year and the number
                                of unexercised options
                                segregated by those that were exercisable and those
                                that were unexercisable at
                                December 31, 2005 and the value of in-the-money options
                                segregated by those that
                                were exercisable and those that were unexercisable
                                at December 31,
                                2005:
Shares
                                          Acquired On
Value
Number
                                          of Securities Underlying Unexercised
                                          Options/SARs at Fiscal Year-end (#)
Value
                                          of unexercised In-the-Money Options/SARs
                                          At
                                          Fiscal Year-end ($)
(1)
Exercise
                                          (#)
Realized
Exercisable/Unexercisable
Exercisable/Unexercisable
11,367
$96,500
61,819/10,000
$450,700/$4,400
(1)
The
                                          closing price for the Company's Common
                                          Stock as reported by Nasdaq on
                                          December 31, 2005, was $11.03. Value is
                                          calculated based on the difference
                                          between $11.03 and the option exercise
                                          price of an "in-the-money" option
                                          multiplied by the number of shares of Common
                                          Stock underlying the
                                          option.
Item
                              9.01.
Exhibits,
                              Financial Statements Schedules, and Reports on Form
                              8-K.
(a)
                              FINANCIAL STATEMENTS AND FINANCIAL STATEMENT SCHEDULES:
10.1
FFE
                                          Transportation Services, Inc. Management
                                          Phantom Stock
                                          Plan.
99.1
Press
                                          Release dated February 17, 2006 of Frozen
                                          Food Express Industries,
                                          Inc.
99.2
Restated
                                          Unaudited Balance Sheets of the Company
                                          as of March 31, 2004; June 30,
                                          2004; September 30, 2004;
December
                                          31, 2004; March 31, 2005; June 30, 2005
                                          and September 30,
                                          2005.
99.3
Restated
                                          Unaudited Statements of Income of the Company
                                          for the quarterly and
                                          year-end periods from March 31,
2004
                                          through September 31, 2005.
99.4
Summary
                                          of Compensation Arrangements.
Signatures
Pursuant
                              to the Requirements of the Securities Exchange Act
                              of 1934, the Registrant has
                              duly caused this Report to be signed on its behalf
                              by the Undersigned hereunto
                              duly authorized.
FROZEN
                              FOOD EXPRESS INDUSTRIES, INC.
Date: February
                                        22, 2006
By:
/s/ Stoney
                                        M. Stubbs, Jr.
Stoney
                                        M. Stubbs, Jr.
Chairman
                                        and Chief Executive Officer