----

----

FROZEN FOOD EXPRESSINDUSTRIES, INC.

| Texas(State      or other jurisdiction ofincorporation      or organization)                                        |   | 75-1301831(IRS      Employer Identification No.)                                       |
|---------------------------------------------------------------------------------------------------------------------|--------|----------------------------------------------------------------------------------------|
|  1145      Empire Central PlaceDallas,      Texas 75247-4305(Address      of principal executive offices) |   |  (214)      630-8090(Registrant's      telephone number,including      area code) |

| Indicate      by check mark whether the registrant (l) has filed all reports required to      be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934      during the preceding 12 months (or for such shorter period that the      registrant was required to file such reports), and (2) has been subject to      such filing requirements for the past 90 days.  ý      Yes     o      No |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  Large      accelerated filer   o | Accelerated      Filer   ý | Non-accelerated      filer   o | Smaller      Reporting Company   o |
|--------------------------------------------------|-------------------------------------------|------------------------------------------|----------------------------------------------|

|   | Class                              |   | Number      of Shares Outstanding      |   |
|--------|------------------------------------|--------|----------------------------------------|--------|
|   | Common      stock, $1.50 par value |   | 16,688,950 at      March 31, 2008 |   |

----

INDEX

|         | PART      I  Financial Information                                                                         | Page      No. |
|--------------|-----------------------------------------------------------------------------------------------------------------|---------------|
|         |                                                                                                            |          |
| Item      1  | Financial      Statements                                                                                       |          |
|         | Consolidated      Condensed Balance SheetsMarch      31, 2008 (unaudited) and December 31, 2007                 | 1             |
|         |                                                                                                            |          |
|         | Consolidated      Condensed Statements of Income (unaudited)Three      months ended March 31, 2008 and 2007     | 2             |
|         |                                                                                                            |          |
|         | Consolidated      Condensed Statements of Cash Flows (unaudited)Three      months ended March 31, 2008 and 2007 | 3             |
|         |                                                                                                            |          |
|         | Notes      to Consolidated Condensed Financial Statements (unaudited)                                           | 4             |
|         |                                                                                                            |          |
| Item      2  | Management's      Discussion and Analysis of Financial Condition and Results of      Operations                 | 8             |
|         |                                                                                                            |          |
| Item      3  | Quantitative      and Qualitative Disclosures about Market Risk                                                 | 20            |
|         |                                                                                                            |          |
| Item      4  | Controls      and Procedures                                                                                    | 20            |
|         |                                                                                                            |          |
|         | PART II   Other      Information                                                                           |          |
|         |                                                                                                            |          |
| Item      1  | Legal      Proceedings                                                                                          | 21            |
|         |                                                                                                            |          |
| Item      1A | Risk      Factors                                                                                               | 22            |
|         |                                                                                                            |          |
| Item      2  | Unregistered      Sales of Equity Securities and Use of Proceeds                                                | 22            |
|         |                                                                                                            |          |
| Item      3  | Defaults      Upon Senior Securities                                                                            | 22            |
|         |                                                                                                            |          |
| Item      4  | Submission      of Matters to a Vote of Security Holders                                                        | 22            |
|         |                                                                                                            |          |
| Item      5  | Other      Information                                                                                          | 22            |
|         |                                                                                                            |          |
| Item      6  | Exhibits                                                                                                        | 22            |
|         |                                                                                                            |          |
|         | Signatures                                                                                                      | 23            |
|         |                                                                                                            |          |
|         | Exhibit      Index                                                                                              | 24            |

----

|  Assets                                                             |   | March      31, 2008 |    |         | December 31,2007 |   |
|--------------------------------------------------------------------------|--------|---------------------|---------|--------------|-----------------------|--------|
| Current      assets                                                      |   |                |    |         |                  |   |
| Cash      and cash equivalents                                           |   | $                   | 4,504   |         |                  | $      | 2,473 |   |
| Accounts      receivable, net                                            |   |                | 55,469  |         |                  |   | 52,682 |   |
| Tires      on equipment in use, net                                      |   |                | 4,831   |         |                  |   | 5,120 |   |
| Deferred      income taxes                                               |   |                | 2,978   |         |                  |   | 2,978 |   |
| Other      current assets                                                |   |                | 12,277  |         |                  |   | 14,607 |   |
| Total      current assets                                                |   |                | 80,059  |         |                  |   | 77,860 |   |
|                                                                     |   |                |    |         |                  |   |   |   |
| Property      and equipment, net                                         |   |                | 86,134  |         |                  |   | 90,309 |   |
| Other      assets                                                        |   |                | 4,893   |         |                  |   | 5,500 |   |
| Total      assets                                                        |   | $                   | 171,086 |         |                  | $      | 173,669 |   |
|                                                                     |   |                |    |         |                  |   |   |   |
| Liabilities      and shareholders' equity                                |   |                |    |         |                  |   |   |   |
| Current      liabilities                                                 |   |                |    |         |                  |   |   |   |
| Accounts      payable                                                    |   | $                   | 24,407  |         |                  | $      | 25,301 |   |
| Accrued      claims                                                      |   |                | 14,046  |         |                  |   | 12,342 |   |
| Accrued      payroll and deferred compensation                           |   |                | 5,594   |         |                  |   | 5,998 |   |
| Accrued      liabilities                                                 |   |                | 1,595   |         |                  |   | 1,964 |   |
| Total      current liabilities                                           |   |                | 45,642  |         |                  |   | 45,605 |   |
|                                                                     |   |                |    |         |                  |   |   |   |
| Long-term      debt                                                      |   |                | 3,500   |         |                  |   | -- |   |
| Deferred      income taxes                                               |   |                | 11,506  |         |                  |   | 11,488 |   |
| Accrued      claims                                                      |   |                | 4,262   |         |                  |   | 9,317 |   |
| Total      liabilities                                                   |   |                | 64,910  |         |                  |   | 66,410 |   |
|                                                                     |   |                |    |         |                  |   |   |   |
| Shareholders'      equity                                                |   |                |    |         |                  |   |   |   |
| Par      value of common stock (18,572 shares issued)                    |   |                | 27,858  |         |                  |   | 27,858 |   |
| Paid      in capital                                                     |   |                | 5,634   |    |                  |   | 5,682 |   |
| Retained      earnings                                                   |   |                | 87,188  |         |                  |   | 88,515 |   |
|                                                                     |   |                | 120,680 |         |                  |   | 122,055 |   |
| Treasury      stock (1,883 and 1,921 shares, respectively), at cost |   |                | (14,504 | )            |                  |   | (14,796 | ) |
| Total      shareholders' equity                                          |   |                | 106,176 |         |                  |   | 107,259 |   |
| Total      liabilities and shareholders’ equity                    |   | $                   | 171,086 |         |                  | $      | 173,669 |   |

----

|                                                                       |   | 2008   |    |   | 2007   |   |
|----------------------------------------------------------------------------|--------|--------|---------|--------|--------|--------|
| Revenue                                                                    |   | $      | 116,730 |   |   | $      | 106,508 |   |
| Operating      expenses                                                    |   |   |    |   |   |   |   |   |
|            Salaries, wages and related expenses   |   |   | 30,759  |   |   |   | 32,055 |   |
|            Purchased transportation               |   |   | 30,660  |   |   |   | 24,408 |   |
|            Fuel                                   |   |   | 24,293  |   |   |   | 18,956 |   |
|            Supplies and expenses                  |   |   | 12,850  |   |   |   | 13,416 |   |
|            Revenue equipment rent                 |   |   | 7,920   |   |   |   | 7,518 |   |
|            Depreciation                           |   |   | 4,786   |   |   |   | 5,162 |   |
|            Communications and utilities           |   |   | 1,085   |   |   |   | 1,020 |   |
|            Claims and insurance                   |   |   | 4,160   |   |   |   | 3,030 |   |
|            Operating taxes and licenses           |   |   | 1,069   |   |   |   | 1,169 |   |
|            Gain on sale of property and equipment |   |   | (260    | )      |   |   | (522 | ) |
|            Miscellaneous expenses                 |   |   | 1,124   |   |   |   | 964 |   |
|  Total      operating expenses                                        |   |   | 118,446 |   |   |   | 107,176 |   |
| Loss      from operations                                                  |   |   | (1,716  | )      |   |   | (668 | ) |
| Interest      and other (income) expense                                   |   |   |    |   |   |   |   |   |
| Equity      in earnings of limited partnership                             |   |   | (173    | )      |   |   | (99 | ) |
| Interest      income                                                       |   |   | (14     | )      |   |   | (140 | ) |
| Interest      expense                                                      |   |   | 23      |   |   |   | -- |   |
| Life      insurance and other                                              |   |   | 39      |   |   |   | 27 |   |
|  Total      interest and other income                                 |   |   | (125    | )      |   |   | (212 | ) |
| Pre-tax      loss                                                          |   |   | (1,591  | )      |   |   | (456 | ) |
| Income      tax benefit                                                    |   |   | (766    | )      |   |   | (223 | ) |
| Net      loss                                                              |   | $      | (825    | )      |   | $      | (233 | ) |
| Net      loss per share of common stock                                    |   |   |    |   |   |   |   |   |
|            Basic                                  |   | $      | (0.05   | )      |   | $      | (0.01 | ) |
|            Diluted                                |   | $      | (0.05   | )      |   | $      | (0.01 | ) |
| Weighted      average shares outstanding                                   |   |   |    |   |   |   |   |   |
|            Basic                                  |   |   | 16,652  |   |   |   | 17,419 |   |
|            Diluted                                |   |   | 16,652  |   |   |   | 17,419 |   |

----

|                                                               |   | 2008   |    |   | 2007   |   |
|--------------------------------------------------------------------|--------|--------|---------|--------|--------|--------|
| Net      cash (used in) provided by operating activities           |   | $      | (1,737  | )      |   | $      | 11,405 |   |
|                                                               |   |   |    |   |   |   |   |   |
| Cash      flows from investing activities                          |   |   |    |   |   |   |   |   |
| Expenditures      for property and equipment                       |   |   | (2,561  | )      |   |   | (5,926 | ) |
| Proceeds      from sale of property and equipment                  |   |   | 3,270   |   |   |   | 4,130 |   |
| Other                                                              |   |   | --      |   |   |   | (5 | ) |
| Net      cash provided by (used in) investing activities |   |   | 709     |   |   |   | (1,801 | ) |
|                                                               |   |   |    |   |   |   |   |   |
| Cash      flows from financing activities                          |   |   |    |   |   |   |   |   |
| Proceeds      from borrowings                                      |   |   | 26,900  |   |   |   | -- |   |
| Payments      against borrowings                                   |   |   | (23,400 | )      |   |   | (4,900 | ) |
| Dividends      paid                                                |   |   | (502    | )      |   |   | (528 | ) |
| Income      tax benefit of stock options and restricted stock      |   |   | (18     | )      |   |   | 81 |   |
| Proceeds      from capital stock transactions                      |   |   | 79      |   |   |   | 406 |   |
| Purchases      of treasury stock                                   |   |   | --      |   |   |   | (1,874 | ) |
| Net      cash provided by (used in) financing activities           |   |   | 3,059   |   |   |   | (6,815 | ) |
|                                                               |   |   |    |   |   |   |   |   |
| Net      increase in cash and cash equivalents                     |   |   | 2,031   |   |   |   | 2,789 |   |
| Cash      and cash equivalents at January 1                        |   |   | 2,473   |   |   |   | 9,589 |   |
| Cash      and cash equivalents at March 31                         |   | $      | 4,504   |   |   | $      | 12,378 |   |

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FROZEN FOOD EXPRESS INDUSTRIES, INC. AND SUBSIDIARIES

----

|                                 |   | March      31, 2008 |   |   | December      31, 2007 |   |
|--------------------------------------|--------|---------------------|--------|--------|------------------------|--------|
| Due      from equipment sales        |   | $                   | 0.6    |   |                   | $      | 0.7 |   |
| Income      taxes receivable         |   |                | 4.7    |   |                   |   | 4.1 |   |
| Other      prepaid taxes             |   |                | 1.0    |   |                   |   | 1.2 |   |
| Prepaid      insurance               |   |                | 1.0    |   |                   |   | 1.6 |   |
| Prepaid      rent                    |   |                | 1.8    |   |                   |   | 1.8 |   |
| Retired      equipment held for sale |   |                | 0.1    |   |                   |   | 1.5 |   |
| Prepaid      licenses and permits    |   |                | 0.8    |   |                   |   | 1.6 |   |
| Inventories      and other           |   |                | 2.3    |   |                   |   | 2.1 |   |
|                                 |   | $                   | 12.3   |   |                   | $      | 14.6 |   |

Our income is taxed in the United States ofAmerica and various state jurisdictions. Although our federal tax return for2004 has been audited by the IRS, our returns for 2004 and after are presentlysubject to further examination by the IRS.

----

The difference between our effective tax rate and thefederal statutory rate of 35% is primarily attributable to state income taxesand non-deductible driver expenses.

----

ofthe three-month periods ended March 31, 2008 and 2007 (inthousands):

| Weighted      average number of:             |   | 2008   |   | 2007   |
|----------------------------------------------|--------|--------|--------|--------|
| Basic      shares                            |   |   | 16,652 |   | 17,419 |
| Common      stock equivalents                |   |   | --     |   | -- |
| Diluted      shares                          |   |   | 16,652 |   | 17,419 |
|                                         |   |   |   |   |   |
| Anti-dilutive      shares excluded due to:   |   |   | 2008   |   | 2007 |
| Exercise      price of stock options         |   |   | 774    |   | 722 |
| Net      loss                                |   |   | 299    |   | 423 |
| Total      excluded common stock equivalents |   |   | 1,073  |   | 1,145 |

9.    New AccountingPronouncements

----

| - | Truckload                                    |
|---|----------------------------------------------|
| - | Less-than-Truckload      (“LTL”) |
| - | Dedicated      Fleet                         |
| - | Brokerage      and Logistics                 |
| - | Equipment      Rental                        |

----

| Revenue      from: (a)                                |   | 2008   |   |   | 2007   |   |
|-------------------------------------------------------|--------|--------|--------|--------|--------|--------|
| Temperature-controlled      fleet                     |   | $      | 34.6   |   |   | $      | 34.4 |   |
| Dry-freight      fleet                                |   |   | 18.2   |   |   |   | 18.3 |   |
| Total      truckload linehaul services                |   |   | 52.8   |   |   |   | 52.7 |   |
| Dedicated      fleets                                 |   |   | 6.0    |   |   |   | 4.4 |   |
| Total      truckload                                  |   |   | 58.8   |   |   |   | 57.1 |   |
| LTL      linehaul services                            |   |   | 29.9   |   |   |   | 30.4 |   |
| Fuel      surcharges                                  |   |   | 23.0   |   |   |   | 14.7 |   |
| Brokerage                                             |   |   | 3.6    |   |   |   | 3.1 |   |
| Equipment      rental                       |   |   | 1.4    |   |   |   | 1.2 |   |
| Total      revenue                                    |   |   | 116.7  |   |   |   | 106.5 |   |
| Operating      expenses (a)                           |   |   | 118.4  |   |   |   | 107.2 |   |
| Loss      from operations (a)                         |   | $      | (1.7   | )      |   | $      | (0.7 | ) |
| Operating      ratio (b)                              |   |   | 101.5  | %      |   |   | 100.6 | % |
| Total      truckload revenue                          |   | $      | 58.8   |   |   | $      | 57.1 |   |
| LTL      revenue                                      |   |   | 29.9   |   |   |   | 30.4 |   |
| Total      linehaul and dedicated fleet revenue  |   | $      | 88.7   |   |   | $      | 87.5 |   |
| Weekly      average trucks in service                 |   |   | 2,046  |   |   |   | 2,160 |   |
| Revenue      per truck per week (c)                   |   | $      | 3,045  |   |   | $      | 3,097 |   |

|  Computational      notes: |
|---------------------------------|
| (a)                             | Revenue      and expense amounts are stated in millions of dollars.  The amounts      presented in the table may not agree to the amounts shown in the      accompanying statements of income due to rounding. |
| (b)                             | Operating      expenses divided by total revenue. |
| (c)                             | Average      weekly revenue, divided by weekly average trucks in    service. |

           Thefollowing table summarizes and compares selected statistical data relating toour freight operations for each of the three-month periods ended March 31, 2008and 2007:

| Truckload                                                           |   | 2008   |   |   | 2007   |   |
|---------------------------------------------------------------------|--------|--------|--------|--------|--------|--------|
|     Total      linehaul miles (a)               |   |   | 40.1   |   |   |   | 40.5 |   |
|     Loaded      miles (a)                       |   |   | 36.5   |   |   |   | 36.4 |   |
|     Empty      mile ratio (b)                   |   |   | 9.0    | %      |   |   | 10.1 | % |
|     Linehaul      revenue per total mile (c)    |   | $      | 1.32   |   |   | $      | 1.30 |   |
|     Linehaul      revenue per loaded mile (d)   |   | $      | 1.45   |   |   | $      | 1.45 |   |
|     Linehaul      shipments (e)                 |   |   | 36.1   |   |   |   | 39.3 |   |
|     Loaded      miles per shipment (f)          |   |   | 1,011  |   |   |   | 926 |   |
| LTL                                                            |   |   |   |   |   |   |   |   |
|     Hundredweight      (e)                      |   |   | 2,074  |   |   |   | 2,053 |   |
|     Shipments      (e)                          |   |   | 66.7   |   |   |   | 65.6 |   |
|     Linehaul      revenue per hundredweight (g) |   | $      | 14.42  |   |   | $      | 14.81 |   |
|     Linehaul      revenue per shipment (h)      |   | $      | 448    |   |   | $      | 463 |   |
|     Average      weight per shipment (i)        |   |   | 3,109  |   |   |   | 3,130 |   |

----

| Computational      notes: |
|---------------------------|
| (a)                       | In      millions. |
| (b)                       | Total      linehaul miles minus loaded miles, divided by total linehaul      miles. |
| (c)                       | Revenue      from linehaul services divided by total linehaul miles. |
| (d)                       | Revenue      from linehaul services divided by loaded miles. |
| (e)                       | In      thousands. |
| (f)                       | Total      loaded miles divided by number of linehaul shipments. |
| (g)                       | LTL      revenue divided by hundredweight. |
| (h)                       | LTL      revenue divided by number of shipments. |
| (i)                       | LTL      hundredweight times one hundred divided by number of      shipments.  |

----

| Amount      of Operating Expenses Incurred for  |   | 2008   |   |   | 2007   |   |
|-----------------------------------------------------------|--------|--------|--------|--------|--------|--------|
| Salaries,      wages and related expenses                 |   |   | 26.4   | %      |   |   | 30.1 | % |
| Purchased      transportation                             |   |   | 26.3   |   |   |   | 22.9 |   |
| Fuel                                                      |   |   | 20.8   |   |   |   | 17.8 |   |
| Supplies      and expenses                                |   |   | 11.0   |   |   |   | 12.6 |   |
| Revenue      equipment rent and depreciation              |   |   | 10.9   |   |   |   | 11.9 |   |
| Claims      and insurance                                 |   |   | 3.6    |   |   |   | 2.8 |   |
| Other                                                     |   |   | 2.5    |   |   |   | 2.5 |   |
|                                                      |   |   | 101.5  | %      |   |   | 100.6 | % |

| Amount      of Salaries, Wages and Related Expenses Incurred for              |   | 2008   |   |   | 2007   |   |
|-------------------------------------------------------------------------------|--------|--------|--------|--------|--------|--------|
| Driver      salaries and per-diem expenses                                    |   | $      | 17.1   |   |   | $      | 18.7 |   |
| Non-driver      salaries                                                      |   |   |   |   |   |   |   |   |
|         Motor      carrier operations |   |   | 9.3    |   |   |   | 9.3 |   |
|         Logistics      and brokerage  |   |   | 0.6    |   |   |   | 0.2 |   |
| Payroll      taxes                                                            |   |   | 2.4    |   |   |   | 2.4 |   |
| Work-related      injuries                                                    |   |   | 0.7    |   |   |   | 0.4 |   |
| Health      insurance and other                                               |   |   | 0.7    |   |   |   | 1.1 |   |
|                                                                          |   | $      | 30.8   |   |   | $      | 32.1 |   |

----

| Amount      of Purchased Transportation Expense Incurred for |   | 2008   |   |   | 2007   |   |
|--------------------------------------------------------------|--------|--------|--------|--------|--------|--------|
| Truckload      linehaul service                              |   | $      | 8.5    |   |   | $      | 9.4 |   |
| LTL      linehaul service                                    |   |   | 8.2    |   |   |   | 8.1 |   |
| Intermodal                                                   |   |   | 4.6    |   |   |   | 1.1 |   |
| Total      linehaul service                                  |   |   | 21.3   |   |   |   | 18.6 |   |
| Fuel      surcharges                                         |   |   | 6.4    |   |   |   | 3.4 |   |
| Brokerage      and other                                     |   |   | 3.0    |   |   |   | 2.4 |   |
|                                                         |   | $      | 30.7   |   |   | $      | 24.4 |   |

----

|                                                                              |   | 2008   |   |   | 2007   |   |
|-----------------------------------------------------------------------------------|--------|--------|--------|--------|--------|--------|
| Total      linehaul and dedicated fleet revenue                                   |   | $      | 88.7   |   |   | $      | 87.5 |   |
| Fuel      expense                                                                 |   |   | 24.3   |   |   |   | 19.0 |   |
| Fuel      expense as a percent of total linehaul and dedicated fleet      revenue |   |   | 27.4   | %      |   |   | 21.7 | % |

Our fuel expenses are impacted by the mix of freight handled bycompany equipment or by owner-operators, so that as more of our freight volumeis moved by company equipment, the related cost of fuel moves from purchasedtransportation expense to fuel expense.

----

| Amount      of Supplies and Expenses Incurred for |   | 2008   |   |   | 2007   |   |
|---------------------------------------------------|--------|--------|--------|--------|--------|--------|
| Fleet      repairs and maintenance                |   | $      | 3.9    |   |   | $      | 4.0 |   |
| Freight      handling                             |   |   | 2.9    |   |   |   | 2.7 |   |
| Driver      travel expenses                       |   |   | 0.8    |   |   |   | 0.7 |   |
| Tires                                             |   |   | 1.2    |   |   |   | 1.4 |   |
| Terminal      and warehouse expenses              |   |   | 1.6    |   |   |   | 1.5 |   |
| Driver      recruiting                            |   |   | 0.9    |   |   |   | 1.4 |   |
| Other                                             |   |   | 1.6    |   |   |   | 1.7 |   |
|                                              |   | $      | 12.9   |   |   | $      | 13.4 |   |

----

| Amount      of Claims and Insurance Expense Incurred for |   | 2008   |   |   | 2007   |   |
|----------------------------------------------------------|--------|--------|--------|--------|--------|--------|
| Liability                                                |   | $      | 2.7    |   |   | $      | 1.8 |   |
| Cargo                                                    |   |   | 0.7    |   |   |   | 0.6 |   |
| Physical      damage, property and other                 |   |   | 0.8    |   |   |   | 0.6 |   |
|                                                     |   | $      | 4.2    |   |   | $      | 3.0 |   |

----

| Amount      of Interest and Other (Income) Expense from |   | 2008   |   |   | 2007   |   |
|---------------------------------------------------------|--------|--------|--------|--------|--------|--------|
| Equity      in earnings of limited partnership          |   | $      | (173   | )      |   | $      | (99 | ) |
| Interest      income                                    |   |   | (14    | )      |   |   | (140 | ) |
| Interest      expense                                   |   |   | 23     |   |   |   | -- |   |
| Life      insurance and other                           |   |   | 39     |   |   |   | 27 |   |
|                                                    |   | $      | (125   | )      |   |   | (212 | ) |

               Pre-Tax andNet Loss:  For the three-month period ended March 31, 2008, our pre-taxloss was $1.6 million, as compared to a pre-tax loss of $456 thousand for thecomparable period of 2007.

----

----

| Payments      Due by Year                 |   | Total  |   |   | 2008   | (1)    |   |   | 2009-2010 |   |   |   | 2011-2012 |   |   | After      2012 |   |
|-------------------------------------------|--------|--------|--------|--------|--------|--------|--------|--------|-----------|--------|--------|--------|-----------|--------|--------|-----------------|--------|
| Long-term      debt and letters of credit |   | $      | 9.1    |   |   | $      | --     |   |      | $      | 9.1    |   |      | $      | --     |            |   | $ | -- |   |
| Purchase      obligations                 |   |   | 36.0   |   |   |   | 36.0   |   |      |   | --     |   |      |   | --     |            |   |   | -- |   |
| Operating      leases for                 |   |   |   |   |   |   |   |   |      |   |   |   |      |   |   |            |   |   |   |   |
| Rentals                                   |   |   | 81.5   |   |   |   | 23.1   |   |      |   | 40.8   |   |      |   | 13.5   |            |   |   | 4.1 |   |
| Residual      guarantees                  |   |   | 4.4    |   |   |   | 0.5    |   |      |   | 2.6    |   |      |   | 1.3    |            |   |   | -- |   |
| Accounts      payable                     |   |   | 24.4   |   |   |   | 24.4   |   |      |   | --     |   |      |   | --     |            |   |   | -- |   |
| Accrued      payroll                      |   |   | 3.8    |   |   |   | 3.8    |   |      |   | --     |   |      |   | --     |            |   |   | -- |   |
|                                      |   |   | 159.2  |   |   | $      | 87.8   |   |      | $      | 52.5   |   |      | $      | 14.8   |            |   | $ | 4.1 |   |
| Deferred      compensation                |   |   |   |   |   |   |   |   |      |   |   |   |      |   |   |            |   |   |   |   |
| Phantom      stock (2)                    |   |   | 0.8    |   |   |   |   |   |      |   |   |   |      |   |   |            |   |   |   |   |
| Rabbi      trust (3)                      |   |   | 1.0    |   |   |   |   |   |      |   |   |   |      |   |   |            |   |   |   |   |
|      Total       |   | $      | 161.0  |   |   |   |   |   |      |   |   |   |      |   |   |            |   |   |   |   |

| (1)  | Represents      amounts due between April 1, 2008 and December 31,2008.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|-----------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (2)  | Represents      the current value of approximately 105 thousand restricted phantom stock      units awarded pursuant to the company's Executive Bonus and Phantom Stock      Plan and a Supplemental Executive Retirement Plan. An officer may elect to      cash out any number of the phantom stock units between December 1 and      December 15 of any year selected by the officer with the payout amount      with respect to each phantom stock unit being generally equal to the      greater of (i) the actual price of the company's common stock on December      31 of the year of an officer's election to cash out the unit, or (ii) the      average of the 12 month-end values of such stock during the year in which      an officer elects to cash out. Accordingly, we are unable to anticipate      the year this currently unfunded obligation will be paid in cash or the      amount of cash ultimately payable. |
| (3)  | Represents      the obligations of a "grantor" (or "rabbi") trust established in      connection with our 401(k) wrap plan to hold company assets to satisfy      obligations under the wrap plan. The trust obligations include      approximately 68,000 shares of our common stock that will be cashed      out either upon the eligibility of the obligations to be transferred to      our 401(k) Savings Plan or upon the retirement of individual wrap plan      participants. Accordingly, we are unable to anticipate the year this      amount will be paid in cash or the amount of cash ultimately      payable.                                                                                                                                                                                                                                                                                                       |

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| Description                                                                     |   | Discussion                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|---------------------------------------------------------------------------------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Rabbi      Trust investment ($541 thousand) in 68,000 shares of our      stock. |   | Our      consolidated condensed financial statements include the assets and      liabilities of a Rabbi Trust established to hold the investments of      participants in our 401(k) Wrap Plan and for deferred compensation      liabilities under our Executive Bonus and Phantom Stock Plan. Such      liabilities are adjusted from time to time to reflect changes in the      market price of our common stock. Accordingly, our future compensation      expense and income will be impacted by fluctuations in the market price of      our common stock. |

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PARTII.  OTHER INFORMATION

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 Item 1A.    RiskFactors

Item 2.    Unregistered Sales of EquitySecurities and Use of Proceeds

   Exhibits

| 10.1   | FFE      Transportation Services, Inc Restated Wrap Plan, Effective January 1,      2008 (filed herewith).                                                                    |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                               |
| 31.1   | Certification      of Chief Executive Officer Required by Rule 13a-14(a)(17 CFR      240.13a-14(a)). (filed herewith)                                                              |
|   |                                                                                                                                                                               |
| 31.2   | Certification      of Chief Financial Officer Required by Rule 13a-14(a)(17 CFR      240.13a-14(a)). (filed herewith)                                                              |
|   |                                                                                                                                                                               |
| 32.1   | Certification      of Chief Executive Officer Pursuant to 18 U.S.C. Section 1350, as Adopted      Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. (filed      herewith) |
|   |                                                                                                                                                                               |
| 32.2   | Certification      of Chief Financial Officer Pursuant to 18 U.S.C. Section 1350, as Adopted      Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. (filed      herewith) |

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|                             |  FROZEN      FOOD EXPRESS INDUSTRIES, INC. |
|----------------------------------|-------------------------------------------------|
|                             | (Registrant)                                    |
|                             |                                            |   |
|  Dated:      April 30, 2008 |  By                                        |  /s/      Stoney M. Stubbs, Jr. |
|                             |                                            | Stoney      M. Stubbs, Jr.Chairman      of the Board of Directors and President(Principal      Executive Officer) |

|                             |  FROZEN      FOOD EXPRESS INDUSTRIES, INC. |
|----------------------------------|-------------------------------------------------|
|                             | (Registrant)                               |
|  Dated:      April 30, 2008 |  By                                        |  /s/      Thomas G. Yetter |
|                             |                                            | Thomas      G. YetterSenior      Vice President and Chief Financial Officer(Principal      Financial and Accounting Officer) |

----

| 10.1   | FFE      Transportation Services, Inc Restated Wrap Plan, Effective January 1,      2008 (filed herewith).                                                                    |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                               |
| 31.1   | Certification      of Chief Executive Officer Required by Rule 13a-14(a)(17 CFR      240.13a-14(a)). (filed herewith)                                                              |
|   |                                                                                                                                                                               |
| 31.2   | Certification      of Chief Financial Officer Required by Rule 13a-14(a)(17 CFR      240.13a-14(a)). (filed herewith)                                                              |
|   |                                                                                                                                                                               |
| 32.1   | Certification      of Chief Executive Officer Pursuant to 18 U.S.C. Section 1350, as Adopted      Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. (filed      herewith) |
|   |                                                                                                                                                                               |
| 32.2   | Certification      of Chief Financial Officer Pursuant to 18 U.S.C. Section 1350, as Adopted      Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. (filed      herewith) |

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