UNITED STATES
                    SECURITIES AND EXCHANGE COMMISSION
                           Washington, DC 20549

                                 FORM 10-Q

[X]  Quarterly  Report  Pursuant to Section 13 or 15(d) of  the  Securities
     Exchange Act of 1934 for the period ended March 31, 1998

                                    or

[ ]  Transition  Report Pursuant to Section 13 or 15(d) of  the  Securities
     Exchange  Act  of  1934 for the transition period from  __________  to
     __________
                                     
                      Commission File Number 1-10006

                   Frozen Food Express Industries, Inc.
______________________________________________________________________________
          (Exact name of registrant as specified on its charter)

                Texas                                        75-1301831
______________________________________________________________________________
    (State or other jurisdiction of                        (IRS Employer
     incorporation or organization)                      Identification No.)

       1145 Empire Central Place           Dallas, Texas      75247-4309
______________________________________________________________________________
(Address of principal executive offices)                      (Zip Code)
                                     
                              (2l4) 630-8090
______________________________________________________________________________
           (Registrant's telephone number, including area code)

                                   None
______________________________________________________________________________
           (Former name, former address and former fiscal year, 
                       if changed since last report)

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
filing requirements for the past 90 days.

                          [X] Yes        [  ] No

As  of  May  4,  1998, 16,893,007 shares of the Registrant's Common  Stock,
$1.50 par value, were outstanding.

<PAGE>

                                   INDEX
<TABLE>
<CAPTION>
                  PART I - FINANCIAL INFORMATION           
                                                           
                                                           
                                                               Page No.
<S>      <C>                                                      <C>
Item l.  Financial Statements                                     
                                                                  
         Consolidated Condensed Balance Sheets -                   
         March 31, 1998 and December 31, 1997                      2
                                                                  
         Consolidated Statements of Income -                      
         Three months ended March 31, 1998 and 1997                3
                                                                  
         Consolidated Condensed Statements of Cash Flows-         
         Three months ended March 31, 1998 and 1997                4
                                                                   
         Notes to Consolidated Condensed Financial Statements      5
                                                             
Item 2.  Management's Discussion and Analysis of             
         Financial Condition and Results of Operations             7
                                                             
                                                             
                   PART II - OTHER INFORMATION               
                                                             
Item 6.  Exhibits and Reports on Form 8-K                         10
                                                             
         Exhibit 27.1 - Financial Data Schedule                   12
</TABLE>
                                      -1-
<PAGE>
           FROZEN FOOD EXPRESS INDUSTRIES, INC. AND SUBSIDIARIES
                   Consolidated Condensed Balance Sheets
                              (In thousands)
                                (Unaudited)
<TABLE>
<CAPTION>
                                                  March 31,   Dec. 31,
                                                    1998        1997
                                                  ---------   --------
<S>                                                <C>        <C>
Assets                                                        
Current assets                                                
  Cash and cash equivalents                        $ 17,149   $ 23,318
  Accounts receivable, net                           39,057     35,028
  Inventories                                         9,913     10,608
  Tires on equipment in use                           4,717      4,775
  Other current assets                                4,647      3,253
                                                    -------    -------
     Total current assets                            75,483     76,982
                                                              
Property and equipment, net                          55,219     53,333
Other assets                                         12,578     12,433
                                                    -------    -------
                                                   $143,280   $142,748
                                                    =======    =======
                                                              
Liabilities and Shareholders' Equity                          
Current liabilities                                           
  Trade accounts payable                           $ 17,022   $ 14,389
  Accrued claims liabilities                          5,633      5,843
  Accrued payroll                                     3,832      5,242
  Other                                               4,308      6,529
                                                    -------    -------
     Total current liabilities                       30,795     32,003
                                                              
Long-term debt                                          --         --
Deferred credits and non-current liabilities         17,923     17,668
                                                    -------    -------
     Total liabilities and deferred credits          48,718     49,671
                                                    -------    -------
                                                              
Shareholders' equity                                          
  Common stock                                       25,921     25,921
  Paid-in capital                                     5,260      4,779
  Retained earnings                                  65,926     65,038
                                                    -------    -------
                                                     97,107     95,738
                                                              
  Less - Treasury stock                               2,545      2,661
                                                    -------    -------
  Total shareholders' equity                         94,562     93,077
                                                    -------    -------
                                                   $143,280   $142,748
                                                    =======    =======
</TABLE>
                          See accompanying notes.
                                      -2-
<PAGE>
           FROZEN FOOD EXPRESS INDUSTRIES, INC. AND SUBSIDIARIES
                     Consolidated Statements of Income
                 (In thousands, except per-share amounts)
                                (Unaudited)
<TABLE>
<CAPTION>
                                                  For the Three Months
                                                     Ended March 31,
                                                  --------------------
                                                    1998         1997
                                                  -------      -------
<S>                                               <C>          <C>
Revenue                                                       
  Freight revenue                                 $70,641      $67,826
  Non-freight revenue                               6,870        4,860
                                                   ------       ------
                                                   77,511       72,686
                                                   ------       ------
Operating Expenses                                            
  Freight operating expenses                                  
    Salaries, wages and related expenses           18,997       16,517
    Purchased transportation                       15,648       15,924
    Supplies and expenses                          19,780       19,069
    Revenue equipment rent                          5,999        5,612
    Communications and utilities                      959          833
    Insurance and claims                            2,842        2,925
    Depreciation                                    2,346        2,432
    Operating taxes and licenses                    1,282        1,193
    Gain on sale of equipment                        (236)        (552)
    Miscellaneous expense                             560          811
                                                   ------       ------
                                                   68,177       64,764
                                                   ------       ------
                                                              
  Non-freight costs and operating expenses          7,177        4,974
                                                   ------       ------
                                                   75,354       69,738
                                                   ------       ------
Income from operations                              2,157        2,948
                                                              
Interest and other expense                            106          978
                                                   ------       ------
                                                              
Income before income tax                            2,051        1,970
Provision for income tax                              656          599
                                                   ------       ------
                                                              
Net income                                        $ 1,395      $ 1,371
                                                   ======       ======
                                                              
Net income per share of common stock                          
 Basic and diluted                                $   .08      $   .08
                                                   ======       ======

Weighted average diluted shares                    17,154       16,971
                                                   ======       ======
</TABLE>
                          See accompanying notes.
                                      -3-
<PAGE>
           FROZEN FOOD EXPRESS INDUSTRIES, INC. AND SUBSIDIARIES
              Consolidated Condensed Statements of Cash Flows
                              (In thousands)
                                (Unaudited)
                                     
<TABLE>
<CAPTION>
                                                        For the Three Months
                                                           Ended March 31,
                                                        ---------------------
                                                          1998         1997
                                                        -------     ---------
<S>                                                     <C>         <C>
Net cash provided by (used in) operating activities     $   607     $ (5,176)
                                                         ------      -------
                                                                    
Cash flows from investing activities                                
  Expenditures for property and equipment                (7,282)     (10,615)
  Proceeds from sale of property and equipment            1,364        1,800
  Company-owned life insurance and other                   (131)        (466)
                                                         ------      -------
                                                                    
Net cash used in investing activities                    (6,049)      (9,281)
                                                         ------      -------
                                                                    
Cash flows from financing activities                                
  Borrowings under revolving credit agreement               --        10,000
  Payments against revolving credit agreement               --        (1,000)
  Dividends paid                                           (507)        (500)
  Net treasury stock activity                              (220)         307
                                                         ------      -------
                                                                    
Net cash (used in) provided by financing activities        (727)       8,807
                                                         ------      -------
                                                                    
Net decrease in cash and cash equivalents                (6,169)      (5,650)
Cash and cash equivalents at beginning of year           23,318        6,670
                                                         ------      -------
                                                                    
Cash and cash equivalents at end of quarter             $17,149     $  1,020
                                                         ======      =======
</TABLE>
                          See accompanying notes.
                                      -4-
<PAGE>

           FROZEN FOOD EXPRESS INDUSTRIES, INC. AND SUBSIDIARIES
           Notes to Consolidated Condensed Financial Statements
                          March 31, 1998 and 1997
                                (Unaudited)

1.   BASIS OF PRESENTATION

The   consolidated  financial  statements  include  Frozen   Food   Express
Industries, Inc. (FFEX) and its subsidiary companies (the company), all  of
which  are  wholly  owned.   All  significant  intercompany  accounts   and
transactions   have  been  eliminated  in  consolidation.   The   financial
statements  included herein have been prepared pursuant to  the  rules  and
regulations  of the Securities and Exchange Commission (SEC) and  have  not
been audited or reviewed by independent public accountants.  In the opinion
of  management,  all adjustments (which consisted only of normal  recurring
accruals) necessary to present fairly the financial position and results of
operations  have been made. Pursuant to SEC rules and regulations,  certain
information  and  disclosures  normally included  in  financial  statements
prepared  in accordance with generally accepted accounting principles  have
been  condensed or omitted from these statements unless significant changes
have  taken  place  since  the end of the most recent  fiscal  year.   FFEX
believes  that  the disclosures contained herein, when read in  conjunction
with  the  financial  statements and notes  included,  or  incorporated  by
reference,  in FFEX's Form 10-K filed with the SEC on March 27,  1998,  are
adequate  to  make  the  information  presented  not  misleading.   It   is
suggested, therefore, that these statements be read in conjunction with the
statements  and  notes  (included, or incorporated by  reference),  in  the
aforementioned report on Form 10-K.

2.   FINANCING AND INVESTING ACTIVITIES NOT AFFECTING CASH

During  the three months ended March 31, 1998 and 1997, the company  funded
contributions  to  its  Employee Savings Plan by  transferring  86,671  and
27,052  shares,  respectively, of treasury stock to the Plan  trustee.  The
fair market value of the transferred shares was approximately $819,000  for
1998 and approximately $250,000 for 1997.

3.   SHAREHOLDERS' EQUITY

As  of  March  31,  1998  and December 31, 1997, respectively,  there  were
16,904,000 and 16,836,000 shares of stock outstanding.

4.   COMMITMENTS AND CONTINGENCIES

The  company  has accrued for costs related to public liability  and  work-
related  injury  claims, some of which involve litigation.   The  aggregate
amount of these claims is significant.  In the opinion of management, these
actions can be successfully defended or resolved, and any additional  costs
incurred  over amounts accrued will not have a material adverse  effect  on
the company's financial position or results of operations.

5.   EARNINGS PER SHARE

During  1997,  the company adopted Financial Accounting Standard  No.  128,
"Earnings  Per  Share"  (FAS  128).  FAS 128 requires  the  replacement  of
"primary"  earnings per share with "basic" earnings per  share  and  "fully
                                      -5-
<PAGE>

diluted"   earnings   per  share  with  "diluted"   earnings   per   share.
Accordingly,  weighted  average  shares  outstanding  for  1997  have  been
restated  to conform with FAS 128.  For the first three months of 1997  and
1998,  basic  shares  outstanding were (in thousands)  16,671  and  16,860,
respectively.  Differences between the number of basic and diluted weighted
average shares outstanding, all of which result from dilutive stock options
granted by the company, were (in thousands) 300 in 1997 and 294 in 1998
                                      -6-
<PAGE>

                  MANAGEMENT'S DISCUSSION AND ANALYSIS OF
               FINANCIAL CONDITION AND RESULTS OF OPERATIONS

RESULTS OF OPERATIONS

The table below sets forth, as a percentage of freight revenue, certain
major operating expenses for the three-month periods ended March 31, 1998
and 1997.

<TABLE>
<CAPTION>
                                                     Three Months
                                                    Ended March 31,
                                                  ------------------
                                                   1998         1997
                                                  -----        -----
<S>                                               <C>          <C> 
Salaries, wages and related expenses              26.9%        24.4%
Purchased transportation                          22.2         23.5
Supplies and expenses                             28.0         28.1
Revenue equipment rent                             8.5          8.3
Insurance and claims                               4.0          4.3
Depreciation                                       3.3          3.6
Other                                              3.6          3.3
                                                  ----         ----
Total freight operating expenses                  96.5%        95.5%
                                                  ====         ====
</TABLE>

During the first quarter of 1998, revenue rose by 6.6% to $77,511,000  with
freight  revenue  up  $2,815,000,  or  4.2%  and  non-freight  revenue   up
$2,010,000.  Less-than-truckload (LTL) revenue increased by 3.2% while full-
truckload revenue rose by 4.6% as compared to the same period of 1997.

During  the  first  three  months  of 1997 freight  revenue  included  fuel
adjustment  charges,  the amount of which was negligible  during  the  1998
quarter.   These charges, which are triggered by increases  in  the  market
price  of  fuel,  impacted the percentage gain in freight  revenue,  which,
excluding 1997's fuel adjustment charges, rose by 5.2% during 1998.

The  1998  increase  in non-freight revenue was primarily  attributable  to
increased sales of new trailers and refrigeration units.

The  number  of  tractors in the fleet of company-operated,  full-truckload
equipment  rose by approximately 70 to about 1,200 by the end of the  first
quarter  of  1998, while the number of full-truckload tractors provided  by
owner-operators fell by almost 40 to approximately 340.

Full-truckload activities, which contributed 68% of freight revenue  during
both first quarters of 1998 and 1997, are conducted primarily with company-
operated  equipment,  while  LTL activities are  conducted  primarily  with
equipment provided by owner-operators.  Fluctuations in the amount of total
freight   handled   by  company-operated  versus  owner-operated   provided
equipment  impacted the percent of freight revenue absorbed by the  various
categories  of operating expenses between the two quarters.  The proportion
of  full-truckload revenue generated by company-operated trucks during  the
                                      -7-
<PAGE>

first  quarter  of  1998  was 75.1%,  as compared to 73.1% during the first
quarter  of  1997.  Company-operated trucks generated 29.9%  and  27.2%  of
total   LTL  revenue  for  the  first  three  months  of  1998  and   1997,
respectively.

During  the  first  quarter  of  1998, the percentage  of  freight  revenue
absorbed by salaries, wages and related expenses was 26.9%, as compared  to
24.4%  during the year-ago quarter.  This increase is primarily the  result
of  the increase in the percent of total freight hauled in company-operated
trucks,  increased  cost associated with work-related  injuries  and  other
fringe  benefits, and decreased revenue per mile (primarily related to  the
decline in fuel adjustment charges).

The  portion of freight revenue absorbed by purchased transportation, which
consists  principally of payments to owner-operators, fell  from  23.5%  in
1997 to 22.2% in 1998.  This decrease is the result of the decrease in  the
percent of total freight hauled by owner-operator-provided trucks.

Supplies  and  expenses, which include costs associated with fuel  for  and
maintenance  of  company-operated equipment, fell  from  28.1%  of  freight
revenue  during the first three months of 1997 to 28.0% for the comparative
1998  period.   Savings  from 1998's falling per-gallon  fuel  prices  were
substantially  offset by increased expenditures related to  maintenance  of
company-operated  equipment  and increased  costs  associated  with  driver
recruiting.

Insurance  and  claims expenses fell from 4.3% to 4.0% of  freight  revenue
between  the first quarters of 1997 and 1998 as a result of more  favorable
experience with regard to claims associated with vehicular accidents.

Revenue equipment rent, which is primarily related to the company-operated,
full-truckload  fleet,  rose from 8.3% to 8.5%  of  freight  revenue  while
depreciation  expense declined from 3.6% to 3.3% of freight revenue.  These
changes  resulted  primarily from the addition of new leased  tractors  and
from the replacement of owned equipment with new leased tractors.  Gains on
sale of equipment fell from $552,000 to $236,000 between the quarters.  The
volume of owned equipment dispositions tends to vary between quarters.

Income from operations fell by 26.8% during the first quarter of 1998.

Interest  and other expense declined from $978,000 to $106,000 between  the
two  quarters.  This  decrease  is related to  increased  income  from  the
investment  of  cash  during the 1998 quarter and  to  lower  net  expenses
associated with the company-owned life insurance (COLI) program.

Pre-tax income rose by 4.1% during the first quarter of 1998.

The  provision  for  income tax was 32% of pre-tax  income  for  the  first
quarter  of  1998, as compared to 30.4% for 1997.  The increased  effective
income tax rate is primarily attributable to reduced tax savings related to
the  impact of legislation which limits deductibility of interest  expenses
associated  with COLI programs.  In addition, the Internal Revenue  Service
has  initiated  other  challenges of COLI  programs.   In  light  of  these
developments, the company has begun a phase-out of its COLI program.
                                      -8-
<PAGE>

LIQUIDITY AND CAPITAL RESOURCES

The  company continues to maintain a strong financial structure with a good
working capital position and strong capital resources.  At March 31,  1998,
working  capital was $44.7 million as compared to $45.0 million at December
31, 1997.

During the first quarter of 1997, net cash used in operating activities was
$5.2  million, as compared to net cash provided by operating activities  of
$607,000  for  1998.  This change is related primarily to  fluctuations  in
working capital requirements.

As  of  March  31, 1998 and December 31, 1997, the unused  portion  of  the
company's  $50,000,000  revolving  credit  facility  totaled  approximately
$45,000,000.

OUTLOOK

Certain  statements  contained  in this  Report  on  Form  10-Q,  including
statements  regarding  the anticipated development  and  expansion  of  the
company's  business  or  the industry in which the  company  operates,  the
intent, belief or current expectations of the company, its directors or its
officers, primarily with respect to the future operating performance of the
company  and other statements contained herein regarding matters  that  are
not  historical facts, are "forward-looking" statements (as  such  term  is
defined  in the Private Securities Litigation Reform Act of 1995).  Because
such  statements involve risks and uncertainties, actual results may differ
materially  from  those  expressed  or implied  from  such  forward-looking
statements.  These risks and uncertainties include demand for the company's
services  and  products,  which may be affected  by,  among  other  things,
competition,  weather conditions and the general economy, the  availability
and  cost of labor, equipment, fuel and supplies, the impact of changes  in
the   tax  and  regulatory  environment  in  which  the  company  operates,
operational risks and insurance, risks associated with the technologies and
systems used by the company and the other risks and uncertainties described
in  the  company's  Annual Report on Form 10-K which  was  filed  with  the
Commission on March 27, 1998.
                                      -9-
<PAGE>
                                     
                        PART II - OTHER INFORMATION

Item 6.   Exhibits and Reports on Form 8-K

          (a)  Exhibits

               27.1 Financial Data Schedule

          (b)  No  reports  on Form 8-K were filed  during  the
               quarter ended March 31, 1998.

                                      -10-                                     
<PAGE>
                                     
                                SIGNATURES

Pursuant  to the requirements of the Securities and Exchange Act  of  l934,
the  registrant has duly caused this report to be signed on its  behalf  by
the undersigned, hereunto duly authorized.

                         FROZEN FOOD EXPRESS INDUSTRIES, INC.
                         -----------------------------------------------
                         (Registrant)                                 


May 08, 1998             By:  /s/Stoney M. Stubbs, Jr.
                              ------------------------------------------
                              Stoney M. Stubbs, Jr.
                              Chairman of the Board


May 08, 1998             By:  /s/Burl G. Cott
                              ------------------------------------------
                              Burl G. Cott           
                              Senior Vice President  
                              Principal Financial and Accounting Officer

                                      -11-