----

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| 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   o | Non-accelerated filer   x | Smaller Reporting Company   o |
|---------------------------------------------|---------------------------------|-------------------------------------|----------------------------------------------|

|   | Class                         |   | Number of Shares Outstanding   |   |
|--------|-------------------------------|--------|--------------------------------|--------|
|   | Common stock, $1.50 par value |   | 17,506,703 at October 27, 2010 |   |

----

|    | PART I  Financial Information                                                                                 | Page No. |
|---------|--------------------------------------------------------------------------------------------------------------------|----------|
|    |                                                                                                               |     |
| Item 1  | Financial Statements                                                                                               |     |
|    | Consolidated Condensed Balance Sheets (unaudited)September 30, 2010 and December 31, 2009                          | 1        |
|    |                                                                                                               |     |
|    | Consolidated Condensed Statements of Operations (unaudited)Three and nine months ended September 30, 2010 and 2009 | 2        |
|    |                                                                                                               |     |
|    | Consolidated Condensed Statements of Cash Flows (unaudited)Nine months ended September 30, 2010 and 2009           | 3        |
|    |                                                                                                               |     |
|    | Consolidated Condensed Statements of Shareholders’ Equity (unaudited)                                        | 4        |
|    |                                                                                                               |     |
|    | Notes to Consolidated Condensed Financial Statements (unaudited)                                                   | 5        |
|    |                                                                                                               |     |
| Item 2  | Management's Discussion and Analysis of Financial Condition and Results of Operations                              | 7        |
|    |                                                                                                               |     |
| Item 3  | Quantitative and Qualitative Disclosures about Market Risk                                                         | 24       |
|    |                                                                                                               |     |
| Item 4  | Controls and Procedures                                                                                            | 24       |
|    |                                                                                                               |     |
|    | PART IIOther Information                                                                                           |     |
|    |                                                                                                               |     |
| Item 1  | Legal Proceedings                                                                                                  | 25       |
|    |                                                                                                               |     |
| Item 1A | Risk Factors                                                                                                       | 25       |
|    |                                                                                                               |     |
| Item 2  | Unregistered Sales of Equity Securities and Use of Proceeds                                                        | 25       |
|    |                                                                                                               |     |
| Item 3  | Defaults Upon Senior Securities                                                                                    | 25       |
|    |                                                                                                               |     |
| Item 4  | Reserved                                                                                                           | 25       |
|    |                                                                                                               |     |
| Item 5  | Other Information                                                                                                  | 25       |
|    |                                                                                                               |     |
| Item 6  | Exhibits                                                                                                           | 26       |
|    |                                                                                                               |     |
|    | Signatures                                                                                                         | 27       |
|    |                                                                                                               |     |
|    | Exhibit Index                                                                                                      | 28       |

----

| Assets                                                             |   | September 30, 2010 |    |         | December 31,2009 |   |
|--------------------------------------------------------------------|--------|--------------------|---------|--------------|-----------------------|--------|
| Current assets                                                     |   |               |    |         |                  |   |
| Cash and cash equivalents                                          |   | $                  | 2,158   |         |                  | $      | 3,667 |   |
| Accounts receivable, net                                           |   |               | 42,494  |         |                  |   | 41,318 |   |
| Tires on equipment in use, net                                     |   |               | 5,685   |         |                  |   | 5,592 |   |
| Deferred income taxes                                              |   |               | 2,169   |         |                  |   | 1,532 |   |
| Property held for sale                                             |   |               | 1,019   |         |                  |   | 1,019 |   |
| Other current assets                                               |   |               | 5,784   |         |                  |   | 12,706 |   |
| Total current assets                                               |   |               | 59,309  |         |                  |   | 65,834 |   |
|                                                               |   |               |    |         |                  |   |   |   |
| Property and equipment, net                                        |   |               | 72,627  |         |                  |   | 74,845 |   |
| Other assets                                                       |   |               | 4,858   |         |                  |   | 5,121 |   |
| Total assets                                                       |   | $                  | 136,794 |         |                  | $      | 145,800 |   |
|                                                               |   |               |    |         |                  |   |   |   |
| Liabilities and Shareholders' Equity                               |   |               |    |         |                  |   |   |   |
| Current liabilities                                                |   |               |    |         |                  |   |   |   |
| Accounts payable                                                   |   | $                  | 29,739  |         |                  | $      | 23,773 |   |
| Insurance and claims accruals                                      |   |               | 9,816   |         |                  |   | 10,119 |   |
| Accrued payroll and deferred compensation                          |   |               | 5,685   |         |                  |   | 3,837 |   |
| Accrued liabilities                                                |   |               | 1,907   |         |                  |   | 1,953 |   |
| Total current liabilities                                          |   |               | 47,147  |         |                  |   | 39,682 |   |
|                                                               |   |               |    |         |                  |   |   |   |
| Deferred income taxes                                              |   |               | 4,027   |         |                  |   | 9,009 |   |
| Insurance and claims accruals                                      |   |               | 5,236   |         |                  |   | 7,374 |   |
| Total liabilities                                                  |   |               | 56,410  |         |                  |   | 56,065 |   |
|                                                               |   |               |    |         |                  |   |   |   |
| Shareholders’ equity                                         |   |               |    |         |                  |   |   |   |
| Common stock, $1.50 par value per share; 75,000 shares authorized; |   |               |    |         |                  |   |   |   |
|      18,572 shares issued                 |   |               | 27,858  |         |                  |   | 27,858 |   |
| Additional paid-in capital                                         |   |               | 1,412   |    |                  |   | 2,923 |   |
| Retained earnings                                                  |   |               | 59,741  |         |                  |   | 70,172 |   |
|                                                               |   |               | 89,011  |         |                  |   | 100,953 |   |
| Treasury stock (1,143 and 1,477 shares), at cost              |   |               | (8,627  | )            |                  |   | (11,218 | ) |
| Total shareholders’ equity                                   |   |               | 80,384  |         |                  |   | 89,735 |   |
| Total liabilities and shareholders’ equity                   |   | $                  | 136,794 |         |                  | $      | 145,800 |   |

----

|                                            |   | Three MonthsEnded September 30, |    |   | Nine MonthsEnded September 30, |   |
|-------------------------------------------------|--------|---------------------------------|---------|--------|--------------------------------|--------|
|                                            |   | 2010                            |    |   | 2009                           |   |   | 2010 |   |   | 2009 |   |
| Total operating revenue                         |   | $                               | 93,870  |   |                           | $      | 94,500 |   |   | $ | 274,669 |   |   | $ | 281,602 |   |
| Operating expenses                              |   |                            |    |   |                           |   |   |   |   |   |   |   |   |   |   |   |
| Salaries, wages and related expenses            |   |                            | 30,243  |   |                           |   | 30,306 |   |   |   | 87,288 |   |   |   | 94,115 |   |
| Purchased transportation                        |   |                            | 18,132  |   |                           |   | 20,246 |   |   |   | 55,972 |   |   |   | 61,752 |   |
| Fuel                                            |   |                            | 18,469  |   |                           |   | 17,132 |   |   |   | 51,782 |   |   |   | 46,251 |   |
| Supplies and maintenance                        |   |                            | 13,447  |   |                           |   | 11,486 |   |   |   | 36,010 |   |   |   | 35,874 |   |
| Revenue equipment rent                          |   |                            | 9,353   |   |                           |   | 9,431 |   |   |   | 27,116 |   |   |   | 29,386 |   |
| Depreciation                                    |   |                            | 4,216   |   |                           |   | 4,303 |   |   |   | 12,114 |   |   |   | 13,296 |   |
| Communications and utilities                    |   |                            | 1,287   |   |                           |   | 1,323 |   |   |   | 3,658 |   |   |   | 3,898 |   |
| Claims and insurance                            |   |                            | 3,486   |   |                           |   | 3,215 |   |   |   | 10,764 |   |   |   | 10,934 |   |
| Operating taxes and licenses                    |   |                            | 1,003   |   |                           |   | 1,076 |   |   |   | 3,209 |   |   |   | 3,656 |   |
| (Gain) loss on sale of property and equipment   |   |                            | (12     | )      |                           |   | 177 |   |   |   | (592 | ) |   |   | (75 | ) |
| Miscellaneous                                   |   |                            | 1,109   |   |                           |   | 638 |   |   |   | 3,101 |   |   |   | 2,367 |   |
|  Total operating expenses                  |   |                            | 100,733 |   |                           |   | 99,333 |   |   |   | 290,422 |   |   |   | 301,454 |   |
| Loss from operations                            |   |                            | (6,863  | )      |                           |   | (4,833 | ) |   |   | (15,753 | ) |   |   | (19,852 | ) |
| Interest and other (income) expense             |   |                            |    |   |                           |   |   |   |   |   |   |   |   |   |   |   |
| Interest income                                 |   |                            | (15     | )      |                           |   | (1 | ) |   |   | (30 | ) |   |   | (5 | ) |
| Interest expense                                |   |                            | 105     |   |                           |   | 5 |   |   |   | 308 |   |   |   | 9 |   |
| Equity in earnings of limited partnership       |   |                            | (246    | )      |                           |   | (313 | ) |   |   | (443 | ) |   |   | (472 | ) |
| Life insurance and other                        |   |                            | (43     | )      |                           |   | 106 |   |   |   | 84 |   |   |   | 591 |   |
|  Total interest and other (income) expense |   |                            | (199    | )      |                           |   | (203 | ) |   |   | (81 | ) |   |   | 123 |   |
| Loss before income taxes                        |   |                            | (6,664  | )      |                           |   | (4,630 | ) |   |   | (15,672 | ) |   |   | (19,975 | ) |
| Income tax benefit                              |   |                            | (4,383  | )      |                           |   | (2,070 | ) |   |   | (5,241 | ) |   |   | (6,126 | ) |
| Net loss                                        |   | $                               | (2,281  | )      |                           | $      | (2,560 | ) |   | $ | (10,431 | ) |   | $ | (13,849 | ) |
|                                            |   |                            |    |   |                           |   |   |   |   |   |   |   |   |   |   |   |
| Net loss per share of common stock              |   |                            |    |   |                           |   |   |   |   |   |   |   |   |   |   |   |
| Basic                                           |   | $                               | (0.13   | )      |                           | $      | (0.15 | ) |   | $ | (0.61 | ) |   | $ | (0.81 | ) |
| Diluted                                         |   | $                               | (0.13   | )      |                           | $      | (0.15 | ) |   | $ | (0.61 | ) |   | $ | (0.81 | ) |
| Weighted average shares outstanding             |   |                            |    |   |                           |   |   |   |   |   |   |   |   |   |   |   |
| Basic                                           |   |                            | 17,384  |   |                           |   | 17,149 |   |   |   | 17,223 |   |   |   | 17,069 |   |
| Diluted                                         |   |                            | 17,384  |   |                           |   | 17,149 |   |   |   | 17,223 |   |   |   | 17,069 |   |
| Dividends declared per common share             |   | $                               | -       |   |                           | $      | - |   |   | $ | - |   |   | $ | 0.03 |   |

----

|                                                     |   | Nine MonthsEnded September 30, |    |
|----------------------------------------------------------|--------|--------------------------------|---------|
|                                                     |   | 2010                           |    |   | 2009 |   |
| Cash flows from operating activities                     |   |                           |    |   |   |   |   |   |
| Net loss                                                 |   | $                              | (10,431 | ) |   | $ | (13,849 | ) |
| Non-cash items included in net loss                      |   |                           |    |   |   |   |   |   |
| Gain on sale of property and equipment                   |   |                           | (592    | ) |   |   | (75 | ) |
| Depreciation and amortization                            |   |                           | 14,963  |   |   |   | 16,831 |   |
| Provision for losses on accounts receivable              |   |                           | 678     |   |   |   | 216 |   |
| Deferred income tax                                      |   |                           | (5,619  | ) |   |   | (6,475 | ) |
| Deferred compensation                                    |   |                           | 492     |   |   |   | 172 |   |
| Investment income                                        |   |                           | (443    | ) |   |   | (472 | ) |
| Changes in operating assets and liabilities              |   |                           |    |   |   |   |   |   |
| Accounts receivable                                      |   |                           | (1,854  | ) |   |   | 9,195 |   |
| Tires on equipment in use                                |   |                           | (2,861  | ) |   |   | (3,112 | ) |
| Other current assets                                     |   |                           | 6,521   |   |   |   | 1,636 |   |
| Accounts payable                                         |   |                           | 7,251   |   |   |   | (1,617 | ) |
| Other assets                                             |   |                           | (467    | ) |   |   | - |   |
| Insurance and claims accruals                            |   |                           | (2,441  | ) |   |   | 2,608 |   |
| Accrued liabilities, payroll and other                   |   |                           | 1,796   |   |   |   | 776 |   |
| Net cash provided by operating activities                |   |                           | 6,993   |   |   |   | 5,834 |   |
|                                                     |   |                           |    |   |   |   |   |   |
| Cash flows from investing activities                     |   |                           |    |   |   |   |   |   |
| Expenditures for property and equipment                  |   |                           | (16,719 | ) |   |   | (12,395 | ) |
| Proceeds from sale of property and equipment             |   |                           | 6,531   |   |   |   | 7,952 |   |
| Cash distributions from investment                       |   |                           | 1,016   |   |   |   | 682 |   |
| Other                                                    |   |                           | 76      |   |   |   | (94 | ) |
| Net cash used in investing activities               |   |                           | (9,096  | ) |   |   | (3,855 | ) |
|                                                     |   |                           |    |   |   |   |   |   |
| Cash flows from financing activities                     |   |                           |    |   |   |   |   |   |
| Proceeds from borrowings                                 |   |                           | 15,272  |   |   |   | 21,100 |   |
| Payments against borrowings                              |   |                           | (15,272 | ) |   |   | (21,100 | ) |
| Dividends paid                                           |   |                           | -       |   |   |   | (515 | ) |
| Income tax expense of stock options and restricted stock |   |                           | (6      | ) |   |   | (41 | ) |
| Proceeds from capital stock transactions, net            |   |                           | 671     |   |   |   | 96 |   |
| Purchases of treasury stock                              |   |                           | (71     | ) |   |   | (157 | ) |
| Net cash provided by (used in) financing activities      |   |                           | 594     |   |   |   | (617 | ) |
|                                                     |   |                           |    |   |   |   |   |   |
| Net (decrease) increase in cash and cash equivalents     |   |                           | (1,509  | ) |   |   | 1,362 |   |
| Cash and cash equivalents at beginning of period         |   |                           | 3,667   |   |   |   | 1,308 |   |
| Cash and cash equivalents at end of period               |   | $                              | 2,158   |   |   | $ | 2,670 |   |

----

|                                                 |   | Common Stock |   |   | Additional |   |   |    |   |   |     |   |   |           |    |
|------------------------------------------------------|--------|--------------|--------|--------|------------|--------|--------|---------|--------|--------|----------|--------|--------|----------------|---------|
|                                                 |   | Shares       |   |   | Par        |   |   | Paid-in |   |   | Retained |   |   | Treasury Stock |    |   |   |   |
|                                                 |   | Issued       |   |   | Value      |   |   | Capital |   |   | Earnings |   |   | Shares         |    |   | Cost |   |   | Total |   |
| January 1, 2009                                      |   |         | 18,572 |   |       | $      | 27,858 |    |   | $      | 5,412    |   |   | $              | 87,103  |   |   |   | 1,813 |   |   | $ | (13,922 | ) |   | $ | 106,451 |   |
|     Net loss                     |   |         | -      |   |       |   | -      |    |   |   | -        |   |   |           | (16,415 | ) |   |   | - |   |   |   | - |   |   |   | (16,415 | ) |
|     Treasury stock reacquired    |   |         | -      |   |       |   | -      |    |   |   | -        |   |   |           | -       |   |   |   | 39 |   |   |   | (161 | ) |   |   | (161 | ) |
|     Retirement plans             |   |         | -      |   |       |   | -      |    |   |   | (15      | )      |   |           | -       |   |   |   | 4 |   |   |   | (25 | ) |   |   | (40 | )  |
|     Exercise of stock options    |   |         | -      |   |       |   | -      |    |   |   | (171     | )      |   |           | -       |   |   |   | (35 | ) |   |   | 267 |   |   |   | 96 |   |
|     Restricted stock             |   |         | -      |   |       |   | -      |    |   |   | (2,270   | )      |   |           | -       |   |   |   | (344 | ) |   |   | 2,623 |   |   |   | 353 |   |
|     Dividends                    |   |         | -      |   |       |   | -      |    |   |   | -        |   |   |           | (516    | ) |   |   | - |   |   |   | - |   |   |   | (516 | ) |
|     Tax expense of stock options |   |         | -      |   |       |   | -      |    |   |   | (33      | )      |   |           | -       |   |   |   | - |   |   |   | - |   |   |   | (33 | ) |
| December 31, 2009                                    |   |         | 18,572 |   |       |   | 27,858 |    |   |   | 2,923    |   |   |           | 70,172  |   |   |   | 1,477 |   |   |   | (11,218 | ) |   |   | 89,735 |   |
|     Net loss                     |   |         | -      |   |       |   | -      |    |   |   | -        |   |   |           | (10,431 | ) |   |   | - |   |   |   | - |   |   |   | (10,431 | ) |
|     Treasury stock reacquired    |   |         | -      |   |       |   | -      |    |   |   | -        |   |   |           | -       |   |   |   | 19 |   |   |   | (71 | ) |   |   | (71 | ) |
|     Retirement plans             |   |         | -      |   |       |   | -      |    |   |   | (38      | )      |   |           | -       |   |   |   | (7 | ) |   |   | 53 |   |   |   | 15 |   |
|     Exercise of stock options    |   |         | -      |   |       |   | -      |    |   |   | (1,146   | )      |   |           | -       |   |   |   | (241 | ) |   |   | 1,817 |   |   |   | 671 |   |
|     Restricted stock             |   |         | -      |   |       |   | -      |    |   |   | (321     | )      |   |           | -       |   |   |   | (105 | ) |   |   | 792 |   |   |   | 471 |   |
|     Tax expense of stock options |   |         | -      |   |       |   | -      |    |   |   | (6       | )      |   |           | -       |   |   |   | - |   |   |   | - |   |   |   | (6 | ) |
| September 30, 2010                                   |   |         | 18,572 |   |       | $      | 27,858 |    |   | $      | 1,412    |   |   | $              | 59,741  |   |   |   | 1,143 |   |   | $ | (8,627 | ) |   | $ | 80,384 |   |

----

----

|                                               |   | (in thousands, except per share amounts) |   |
|----------------------------------------------------|--------|------------------------------------------|--------|
|                                               |   | Three Months EndedSeptember 30,          |   |   | Nine Months EndedSeptember 30, |   |
|                                               |   | 2010                                     |   |   | 2009 |   |   | 2010 |   |   | 2009 |   |
| Numerator:                                         |   |                                     |   |   |   |   |   |   |   |   |   |   |   |   |
|    Net loss                         |   | $                                        | (2,281 | ) |   | $ | (2,560 | ) |   | $ | (10,431 | ) |   | $ | (13,849 | ) |
|                                               |   |                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Denominator:                                       |   |                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    Basic-weighted average shares    |   |                                     | 17,384 |   |   |   | 17,149 |   |   |   | 17,223 |   |   |   | 17,069 |   |
|    Effect of dilutive stock options |   |                                     | -      |   |   |   | - |   |   |   | - |   |   |   | - |   |
|    Diluted-weighted average shares  |   |                                     | 17,384 |   |   |   | 17,149 |   |   |   | 17,223 |   |   |   | 17,069 |   |
|                                               |   |                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Basic loss per common share                        |   | $                                        | (0.13  | ) |   | $ | (0.15 | ) |   | $ | (0.61 | ) |   | $ | (0.81 | ) |
| Diluted loss per common share                      |   | $                                        | (0.13  | ) |   | $ | (0.15 | ) |   | $ | (0.61 | ) |   | $ | (0.81 | ) |

----

----

----

----

|                                             |   | Three Months |    |   | Nine Months |   |
|--------------------------------------------------|--------|--------------|---------|--------|-------------|--------|
| Revenue from: (a)                                |   | 2010         |    |   | 2009        |   |   | 2010 |   |   | 2009 |   |
| Temperature-controlled fleet                     |   | $            | 29,776  |   |        | $      | 34,684 |   |   | $ | 85,935 |   |   | $ | 103,630 |   |
| Dry-freight fleet                                |   |         | 12,906  |   |        |   | 12,269 |   |   |   | 42,197 |   |   |   | 40,805 |   |
| Total truckload linehaul services                |   |         | 42,682  |   |        |   | 46,953 |   |   |   | 128,132 |   |   |   | 144,435 |   |
| Dedicated fleets                                 |   |         | 4,374   |   |        |   | 4,749 |   |   |   | 12,985 |   |   |   | 14,970 |   |
| Total truckload                                  |   |         | 47,056  |   |        |   | 51,702 |   |   |   | 141,117 |   |   |   | 159,405 |   |
| Less-than-truckload linehaul services            |   |         | 29,408  |   |        |   | 27,429 |   |   |   | 82,412 |   |   |   | 81,105 |   |
| Fuel surcharges                                  |   |         | 14,382  |   |        |   | 12,492 |   |   |   | 41,886 |   |   |   | 32,065 |   |
| Brokerage                                        |   |         | 1,623   |   |        |   | 1,657 |   |   |   | 5,388 |   |   |   | 5,415 |   |
| Equipment rental                       |   |         | 1,401   |   |        |   | 1,220 |   |   |   | 3,866 |   |   |   | 3,612 |   |
| Total operating revenue                          |   |         | 93,870  |   |        |   | 94,500 |   |   |   | 274,669 |   |   |   | 281,602 |   |
|                                             |   |         |    |   |        |   |   |   |   |   |   |   |   |   |   |   |
| Operating expenses                               |   |         | 100,733 |   |        |   | 99,333 |   |   |   | 290,422 |   |   |   | 301,454 |   |
| Income (loss) from operations                    |   | $            | (6,863  | )      |        | $      | (4,833 | ) |   | $ | (15,753 | ) |   | $ | (19,852 | ) |
| Operating ratio (b)                              |   |         | 107.3   | %      |        |   | 105.1 | % |   |   | 105.7 | % |   |   | 107.0 | % |
|                                             |   |         |    |   |        |   |   |   |   |   |   |   |   |   |   |   |
| Total truckload revenue                          |   | $            | 47,056  |   |        | $      | 51,702 |   |   | $ | 141,117 |   |   | $ | 159,405 |   |
| Less-than-truckload  revenue           |   |         | 29,408  |   |        |   | 27,429 |   |   |   | 82,412 |   |   |   | 81,105 |   |
| Total linehaul and dedicated fleet revenue  |   | $            | 76,464  |   |        | $      | 79,131 |   |   | $ | 223,529 |   |   | $ | 240,510 |   |
|                                             |   |         |    |   |        |   |   |   |   |   |   |   |   |   |   |   |
| Weekly average trucks                            |   |         | 1,813   |   |        |   | 1,954 |   |   |   | 1,779 |   |   |   | 1,978 |   |
| Revenue per truck per week (c)                   |   | $            | 3,209   |   |        | $      | 3,081 |   |   | $ | 3,222 |   |   | $ | 3,118 |   |

|   Computational notes: |
|-----------------------------|
| (a)                         | Revenue and expense amounts are stated in thousands of dollars. |
| (b)                         | Operating expenses divided by total operating revenue. |
| (c)                         | Average daily revenue, times seven, divided by weekly average trucks. |

----

|                                                           |   | Three Months |      |   | Nine Months |   |
|----------------------------------------------------------------|--------|--------------|-----------|--------|-------------|--------|
| Truckload                                                      |   | 2010         |      |   | 2009        |   |   | 2010 |   |   | 2009 |   |
|     Total linehaul miles (a)               |   |         | 30,923    |   |        |   | 37,549 |   |   |   | 94,843 |   |   |   | 115,628 |   |
|     Loaded miles (a)                       |   |         | 27,294    |   |        |   | 33,352 |   |   |   | 83,805 |   |   |   | 104,040 |   |
|     Empty mile ratio (b)                   |   |         | 11.7      | %      |        |   | 11.2 | % |   |   | 11.6 | % |   |   | 10.0 | % |
|     Linehaul revenue per total mile (c)    |   | $            | 1.38      |   |        | $      | 1.25 |   |   | $ | 1.35 |   |   | $ | 1.25 |   |
|     Linehaul revenue per loaded mile (d)   |   | $            | 1.56      |   |        | $      | 1.41 |   |   | $ | 1.53 |   |   | $ | 1.39 |   |
|     Linehaul shipments (a)                 |   |         | 31.0      |   |        |   | 39.8 |   |   |   | 93.5 |   |   |   | 117.4 |   |
|     Loaded miles per shipment (e)          |   |         | 882       |   |        |   | 838 |   |   |   | 896 |   |   |   | 886 |   |
| LTL                                                            |   |         |      |   |        |   |   |   |   |   |   |   |   |   |   |   |
|     Hundredweight                          |   |         | 2,126,278 |   |        |   | 1,890,510 |   |   |   | 5,990,371 |   |   |   | 5,630,191 |   |
|     Shipments (a)                          |   |         | 68.6      |   |        |   | 62.3 |   |   |   | 191.6 |   |   |   | 184.0 |   |
|     Linehaul revenue per hundredweight (f) |   | $            | 13.83     |   |        | $      | 14.51 |   |   | $ | 13.76 |   |   | $ | 14.41 |   |
|     Linehaul revenue per shipment (g)      |   | $            | 429       |   |        | $      | 440 |   |   | $ | 430 |   |   | $ | 441 |   |
|     Average weight per shipment (h)        |   |         | 3,098     |   |        |   | 3,035 |   |   |   | 3,126 |   |   |   | 3,060 |   |

| Computational notes: |
|----------------------|
| (a)                  | Amounts are stated in thousands. |
| (b)                  | Total truckload linehaul miles less truckload loaded miles, divided by total truckload linehaul miles. |
| (c)                  | Revenue from truckload linehaul services divided by total truckload linehaul miles. |
| (d)                  | Revenue from truckload linehaul services divided by truckload loaded miles. |
| (e)                  | Total truckload loaded miles divided by number of truckload linehaul shipments. |
| (f)                  | LTL revenue divided by LTL hundredweight. |
| (g)                  | LTL revenue divided by number of LTL shipments. |
| (h)                  | LTL hundredweight times one hundred divided by number of shipments.  |

|                                            |   | 2010   |   |   | 2009   |   |
|-------------------------------------------------|--------|--------|--------|--------|--------|--------|
| Total company tractors available                |   |   | 1,507  |   |   |   | 1,591 |   |
| Total independent contractor tractors available |   |   | 312    |   |   |   | 409 |   |
| Total tractors available                        |   |   | 1,819  |   |   |   | 2,000 |   |
| Total trailers available                        |   |   | 3,600  |   |   |   | 3,780 |   |

----

| Revenue from (a)                                                               |   | 2010   |    |    | 2009   |   |   | Dollar Change2010 vs. 2009 |   | Percentage Change2010 vs. 2009 |   |   |
|--------------------------------------------------------------------------------|--------|--------|---------|---------|--------|--------|--------|----------------------------|--------|--------------------------------|--------|--------|
| Temperature-controlled fleet                                                   |   | $      | 29,776  |    |   | $      | 34,684 |                       |   | $                              | (4,908 | )      | (14.2 | ) | % |
| Dry-freight fleet                                                              |   |   | 12,906  |    |   |   | 12,269 |                       |   |                           | 637    |   | 5.2 |   |   |
|      Total truckload linehaul services                |   |   | 42,682  |    |   |   | 46,953 |                       |   |                           | (4,271 | )      | (9.1 | ) |   |
| Dedicated fleets                                                               |   |   | 4,374   |    |   |   | 4,749  |                       |   |                           | (375   | )      | (7.9 | ) |   |
|      Total truckload                                  |   |   | 47,056  |    |   |   | 51,702 |                       |   |                           | (4,646 | )      | (9.0 | ) |   |
| Less-than-truckload linehaul services                                          |   |   | 29,408  |    |   |   | 27,429 |                       |   |                           | 1,979  |   | 7.2 |   |   |
| Fuel surcharges                                                                |   |   | 14,382  |    |   |   | 12,492 |                       |   |                           | 1,890  |   | 15.1 |   |   |
| Brokerage                                                                      |   |   | 1,623   |    |   |   | 1,657  |                       |   |                           | (34    | )      | (2.1 | ) |   |
| Equipment rental                                                     |   |   | 1,401   |    |   |   | 1,220  |                       |   |                           | 181    |   | 14.8 |   |   |
|      Total operating revenue                     |   |   | 93,870  |    |   |   | 94,500 |                       |   |                           | (630   | )      | (0.7 | ) |   |
|                                                                           |   |   |    |    |   |   |   |                       |   |                           |   |   |   |   |   |
| Operating expenses                                                             |   |   | 100,733 |    |   |   | 99,333 |                       |   |                           | 1,400  |   | 1.4 |   |   |
| Income (loss) income from operations                                           |   | $      | (6,863  | )  |   | $      | (4,833 | )                          |   | $                              | (2,030 | )      | 42.0 |   | % |
| Operating ratio (b)                                                            |   |   | 107.3   | %       |   |   | 105.1  | %                          |   |                           |   |   |   |   |   |
|                                                                           |   |   |    |    |   |   |   |                       |   |                           |   |   |   |   |   |
| Total truckload revenue                                                        |   | $      | 47,056  |    |   | $      | 51,702 |                       |   | $                              | (4,646 | )      | (9.0 | ) | % |
| Less-than-truckload revenue                                                    |   |   | 29,408  |    |   |   | 27,429 |                       |   |                           | 1,979  |   | 7.2 |   |   |
|      Total linehaul and dedicated fleet revenue  |   | $      | 76,464  |    |   | $      | 79,131 |                       |   | $                              | (2,667 | )      | (3.4 | ) | % |
|                                                                           |   |   |    |    |   |   |   |                       |   |                           |   |   |   |   |   |
| Weekly average trucks                                                          |   |   | 1,813   |    |   |   | 1,954  |                       |   |                           | (141   | )      | (7.2 | ) | % |
| Revenue per truck per week (c)                                                 |   | $      | 3,209   |    |   | $      | 3,081  |                       |   | $                              | 128    |   | 4.1 |   | % |

| Computational notes: |
|----------------------|
| (a)                  | Revenue and expense amounts are stated in thousands of dollars. |
| (b)                  | Operating expenses divided by total operating revenue. |
| (c)                  | Average daily revenue, times seven, divided by weekly average trucks in service. |

----

|                                                                 |   | (in thousands)Dollar Change |   | Percentage Change |   | Percentage of Revenue |   |
|----------------------------------------------------------------------|--------|-----------------------------|--------|-------------------|--------|-----------------------|--------|
|                                                                 |   | 2010 vs. 2009               |   | 2010 vs. 2009     |   |   2010      |   |   2009  |   |
| Total operating revenue                                              |   | $                           | (630   | )                 | (0.7   | )%                    | 100.0  | % | 100.0 | % |
|                                                                 |   |                        |   |              |   |                  |   |   |   |   |
| Operating Expenses                                                   |   |                        |   |              |   |                  |   |   |   |   |
|      Salaries, wages and related expenses   |   |                        | (63    | )                 | (0.2   | )                     | 32.2   |   | 32.1 |   |
|      Purchased transportation               |   |                        | (2,114 | )                 | (10.4  | )                     | 19.3   |   | 21.4 |   |
|      Fuel                                   |   |                        | 1,337  |              | 7.8    |                  | 19.7   |   | 18.1 |   |
|      Supplies and maintenance               |   |                        | 1,961  |              | 17.1   |                  | 14.3   |   | 12.2 |   |
|      Revenue equipment rent                 |   |                        | (78    | )                 | (0.8   | )                     | 10.0   |   | 10.0 |   |
|      Depreciation                           |   |                        | (87    | )                 | (2.0   | )                     | 4.5    |   | 4.6 |   |
|      Claims and insurance                   |   |                        | 271    |              | 8.4    |                  | 3.7    |   | 3.4 |   |
|      Communications and utilities           |   |                        | (36    | )                 | (2.7   | )                     | 1.4    |   | 1.4 |   |
|      Operating taxes and licenses           |   |                        | (73    | )                 | (6.8   | )                     | 1.1    |   | 1.1 |   |
|      Gain on sale of property and equipment |   |                        | (189   | )                 | (106.8 | )                     | 0.0    |   | 0.2 |   |
|      Miscellaneous                          |   |                        | 471    |              | 73.8   |                  | 1.1    |   | 0.6 |   |
| Total Operating Expenses                                             |   | $                           | 1,400  |              | 1.4    | %                     | 107.3  | % | 105.1 | %  |

----

----

| Revenue from (a)                                                               |   | 2010   |    |    | 2009   |   |    | Dollar Change2010 vs. 2009 |   | Percentage Change2010 vs. 2009 |    |   |
|--------------------------------------------------------------------------------|--------|--------|---------|---------|--------|--------|---------|----------------------------|--------|--------------------------------|---------|--------|
| Temperature-controlled fleet                                                   |   | $      | 85,935  |    |   | $      | 103,630 |                       |   | $                              | (17,695 | )      | (17.1 | ) | % |
| Dry-freight fleet                                                              |   |   | 42,197  |    |   |   | 40,805  |                       |   |                           | 1,392   |   | 3.4 |   |   |
|      Total truckload linehaul services                |   |   | 128,132 |    |   |   | 144,435 |                       |   |                           | (16,303 | )      | (11.3 | ) |   |
| Dedicated fleets                                                               |   |   | 12,985  |    |   |   | 14,970  |                       |   |                           | (1,985  | )      | (13.3 | ) |   |
|      Total truckload                                  |   |   | 141,117 |    |   |   | 159,405 |                       |   |                           | (18,288 | )      | (11.5 | ) |   |
| Less-than-truckload linehaul services                                          |   |   | 82,412  |    |   |   | 81,105  |                       |   |                           | 1,307   |   | 1.6 |   |   |
| Fuel surcharges                                                                |   |   | 41,886  |    |   |   | 32,065  |                       |   |                           | 9,821   |   | 30.6 |   |   |
| Brokerage                                                                      |   |   | 5,388   |    |   |   | 5,415   |                       |   |                           | (27     | )      | (0.5 | ) |   |
| Equipment rental                                                     |   |   | 3,866   |    |   |   | 3,612   |                       |   |                           | 254     |   | 7.0 |   |   |
|      Total operating  revenue          |   |   | 274,669 |    |   |   | 281,602 |                       |   |                           | (6,933  | )      | (2.5 | ) |   |
|                                                                           |   |   |    |    |   |   |    |                       |   |                           |    |   |   |   |   |
| Operating expenses                                                             |   |   | 290,422 |    |   |   | 301,454 |                       |   |                           | (11,032 | )      | (3.7 | ) |   |
| Loss from operations                                                           |   | $      | (15,753 | )  |   | $      | (19,852 | )                     |   | $                              | 4,099   |   | (20.6 | ) | % |
| Operating ratio (b)                                                            |   |   | 105.7   | %       |   |   | 107.0   | %                          |   |                           |    |   |   |   |   |
|                                                                           |   |   |    |    |   |   |    |                       |   |                           |    |   |   |   |   |
| Total truckload revenue                                                        |   | $      | 141,117 |    |   | $      | 159,405 |                       |   | $                              | (18,288 | )      | (11.5 | ) | % |
| Less-than-truckload revenue                                                    |   |   | 82,412  |    |   |   | 81,105  |                       |   |                           | 1,307   |   | 1.6 |   |   |
|      Total linehaul and dedicated fleet revenue  |   | $      | 223,529 |    |   | $      | 240,510 |                       |   | $                              | (16,981 | )      | (7.1 | ) | % |
|                                                                           |   |   |    |    |   |   |    |                       |   |                           |    |   |   |   |   |
| Weekly average trucks                                                          |   |   | 1,779   |    |   |   | 1,978   |                       |   |                           | (199    | )      | (10.1 | ) | % |
| Revenue per truck per week (c)                                                 |   | $      | 3,222   |    |   | $      | 3,118   |                       |   | $                              | 104     |   | 3.3 |   | % |

| Computational notes: |
|----------------------|
| (a)                  | Revenue and expense amounts are stated in thousands of dollars. |
| (b)                  | Operating expenses divided by total operating revenue. |
| (c)                  | Average daily revenue, times seven, divided by weekly average trucks. |

----

|                                                                 |   | (in thousands)Dollar Change |    | Percentage Change |   | Percentage of Revenue |   |
|----------------------------------------------------------------------|--------|-----------------------------|---------|-------------------|--------|-----------------------|--------|
|                                                                 |   | 2010 vs. 2009               |    | 2010 vs. 2009     |   |   2010      |   |   2009  |   |
| Total operating revenue                                              |   | $                           | (6,933  | )                 | (2.5   | )%                    | 100.0  | % | 100.0 | % |
|                                                                 |   |                        |    |              |   |                  |   |   |   |   |
| Operating Expenses                                                   |   |                        |    |              |   |                  |   |   |   |   |
|      Salaries, wages and related expenses   |   |                        | (6,827  | )                 | (7.3   | )                     | 31.8   |   | 33.4 |   |
|      Purchased transportation               |   |                        | (5,780  | )                 | (9.4   | )                     | 20.4   |   | 21.9 |   |
|      Fuel                                   |   |                        | 5,531   |              | 12.0   |                  | 18.9   |   | 16.4 |   |
|      Supplies and maintenance               |   |                        | 136     |              | 0.4    |                  | 13.1   |   | 12.7 |   |
|      Revenue equipment rent                 |   |                        | (2,270  | )                 | (7.7   | )                     | 9.9    |   | 10.4 |   |
|      Depreciation                           |   |                        | (1,182  | )                 | (8.9   | )                     | 4.4    |   | 4.7 |   |
|      Claims and insurance                   |   |                        | (170    | )                 | (1.6   | )                     | 3.9    |   | 3.9 |   |
|      Communications and utilities           |   |                        | (240    | )                 | (6.2   | )                     | 1.3    |   | 1.4 |   |
|      Operating taxes and licenses           |   |                        | (447    | )                 | (12.2  | )                     | 1.2    |   | 1.3 |   |
|      Gain on sale of property and equipment |   |                        | (517    | )                 | 689.3  |                  | (0.2   | ) | 0.0 |   |
|      Miscellaneous                          |   |                        | 734     |              | 31.0   |                  | 1.0    |   | 0.9 |   |
| Total Operating Expenses                                             |   | $                           | (11,032 | )                 | (3.7   | )%                    | 105.7  | % | 107.0 | %  |

----

----

|                                                      |   | (in thousands)                  |   |
|-----------------------------------------------------------|--------|---------------------------------|--------|
|                                                      |   | Nine Months Ended September 30, |   |
|                                                      |   | 2010                            |   |   | 2009 |   |
| Net cash flows provided by operating activities           |   | $                               | 6,993  |   |   | $ | 5,834 |   |
| Net cash flows used in investing activities               |   |                            | (9,096 | ) |   |   | (3,855 | ) |
| Net cash flows provided by (used in) financing activities |   |                            | 594    |   |   |   | (617 | ) |
| Debt at September 30                                      |   |                            | -      |   |   |   | - |   |

----

----

| ·   | The ratio of our annual earnings before interest, taxes, depreciation, amortization and lease and rental (as defined in the Credit Facility, “EBITDAR”) to the amount of our annual fixed charges, also referred to as the fixed charge coverage ratio, may not be less than 1.15:1.0 at September 30, 2010.  Fixed charges generally include interest payments, rental expense, taxes paid, dividends paid and payments due on outstanding debt. |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | The ratio of our funded debt to EBITDAR may not exceed 2.75:1.0 at September 30, 2010. Funded debt generally includes the amount borrowed under the Credit Facility or similar arrangements, letters of credit and the aggregate minimum amount of operating lease payments we are obligated to pay in the future. |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Our tangible net worth must be no less than $75.0 million at September 30, 2010 and remain an amount no less than $75.0 million. Tangible net worth is generally defined as our net shareholders' equity minus intangible and certain other assets plus 100% of any cash we receive from the issuance of equity securities. |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | The annual amount of our net expenditures for property and equipment during the most recently ended twelve month period may not be more than $20.0 million. |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | The amount available for acquisitions may not exceed $3.5 million in any fiscal year. |
|--------------------|---------------------------------------------------------------------------------------|

| ·   | The interest rate spread over LIBOR changes based upon achieving various EBITDAR to fixed charge ratios. |
|--------------------|----------------------------------------------------------------------------------------------------------|

| ·   | Payments of dividends are generally limited by the ratio of our EBITDAR to fixed charges and the profitability of the previous quarter. |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------|

|                         |   | (in thousands) |    |
|------------------------------|--------|----------------|---------|
|                         |   | Total          |    |   | 2010 |   |   |   | 2011-2012 |   |   |   | 2013-2014 |   |   | After 2014 |   |
| Letters of credit            |   | $              | 3,181   |   |   | $ | - |   |   | $ | 3,181 |   |   | $ | - |   |   | $ | - |   |
| Purchase obligations         |   |           | 18,523  |   |   |   | 18,523 |   |   |   | - |   |   |   | - |   |   |   | - |   |
| Operating leases obligations |   |           |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Rentals                      |   |           | 90,508  |   |   |   | 8,479 |   |   |   | 52,518 |   |   |   | 18,223 |   |   |   | 11,288 |   |
| Residual guarantees          |   |           | 13,568  |   |   |   | - |   |   |   | 7,142 |   |   |   | 6,426 |   |   |   | - |   |
|                         |   | $         | 125,780 |   |   | $ | 27,002 |   |   | $ | 62,841 |   |   | $ | 24,649 |   |   | $ | 11,288 |   |

----

----

----

----

----

----

| 3.1        | Restated Articles of Incorporation of Frozen Food Express Industries, Inc. (filed as Exhibit 3(i) to the Company’s Current Report on Form 8-K on May 29, 2007 and incorporated herein by reference).                                                                                                         |
|------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|       |                                                                                                                                                                                                                                                                                                               |
| 3.2        | Amended and Restated Bylaws of Frozen Food Express Industries, Inc. (filed as Exhibit 3.1 to the Company’s Current Report on Form 8-K filed with the Commission on March 3, 3009 and incorporated herein by reference).                                                                                      |
|       |                                                                                                                                                                                                                                                                                                               |
| 10.1       | FFE Transportation Services, Inc. Second Amendment to Second Amended and Restated Credit Agreement dated October 27, 2010 (filed herewith).                                                                                                                                                                        |
|       |                                                                                                                                                                                                                                                                                                               |
| 10.2  | Form of Performance Based Restricted Stock Award for use with the Frozen Food Express Industries, Inc. Amended and Restated 2005 Stock Incentive Plan (filed as Exhibit 10.1 to the Company’s Current Report on Form 8-K filed with the Commission on August 20, 2010 and incorporated herein by reference). |
|       |                                                                                                                                                                                                                                                                                                               |
| 10.3       | FFE Transportation Services, Inc. Amended 2005 Executive Bonus Plan, dated as of January 1, 2005, as amended as of July 1, 2010 (filed as Exhibit 10.2 to the Company’s Current Report on Form 8-K filed with the Commission on August 20, 2010 and incorporated herein by reference).                       |
|       |                                                                                                                                                                                                                                                                                                               |
| 31.1       | Certification of Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 (filed herewith).                                                                                                                                                                                               |
|       |                                                                                                                                                                                                                                                                                                               |
| 31.2       | Certification of Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 (filed herewith).                                                                                                                                                                                               |
|       |                                                                                                                                                                                                                                                                                                               |
| 32.1       | Certification of Chief Executive Officer and Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (filed herewith).                                                                                                                                                                   |
|       |                                                                                                                                                                                                                                                                                                               |

----

|                          |  FROZEN FOOD EXPRESS INDUSTRIES, INC. |
|-------------------------------|--------------------------------------------|
|                          | (Registrant)                               |
|                          |                                       |   |
|  Dated: November 2, 2010 |  By                                   |  /s/ Stoney M. Stubbs, Jr. |
|                          |                                       | Stoney M. Stubbs, Jr.Chairman of the Board and Chief Executive Officer(Principal Executive Officer) |
|  Dated: November 2, 2010 |  By                                   |  /s/ John R. McManama |
|                          |                                       | John R. McManamaSenior Vice President and Chief Financial Officer(Principal Financial and Accounting Officer) |

----

| 3.1        | Restated Articles of Incorporation of Frozen Food Express Industries, Inc. (filed as Exhibit 3(i) to the Company’s Current Report on Form 8-K on May 29, 2007 and incorporated herein by reference).                                                                                                         |
|------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|       |                                                                                                                                                                                                                                                                                                               |
| 3.2        | Amended and Restated Bylaws of Frozen Food Express Industries, Inc. (filed as Exhibit 3.1 to the Company’s Current Report on Form 8-K filed with the Commission on March 3, 3009 and incorporated herein by reference).                                                                                      |
|       |                                                                                                                                                                                                                                                                                                               |
| 10.1       | FFE Transportation Services, Inc. Second Amendment to Second Amended and Restated Credit Agreement dated October 27, 2010 (filed herewith).                                                                                                                                                                        |
|       |                                                                                                                                                                                                                                                                                                               |
| 10.2  | Form of Performance Based Restricted Stock Award for use with the Frozen Food Express Industries, Inc. Amended and Restated 2005 Stock Incentive Plan (filed as Exhibit 10.1 to the Company’s Current Report on Form 8-K filed with the Commission on August 20, 2010 and incorporated herein by reference). |
|       |                                                                                                                                                                                                                                                                                                               |
| 10.3       | FFE Transportation Services, Inc. Amended 2005 Executive Bonus Plan, dated as of January 1, 2005, as amended as of July 1, 2010 (filed as Exhibit 10.2 to the Company’s Current Report on Form 8-K filed with the Commission on August 20, 2010 and incorporated herein by reference).                       |
|       |                                                                                                                                                                                                                                                                                                               |
| 31.1       | Certification of Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 (filed herewith).                                                                                                                                                                                               |
|       |                                                                                                                                                                                                                                                                                                               |
| 31.2       | Certification of Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 (filed herewith).                                                                                                                                                                                               |
|       |                                                                                                                                                                                                                                                                                                               |
| 32.1       | Certification of Chief Executive Officer and Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (filed herewith).                                                                                                                                                                   |
|       |                                                                                                                                                                                                                                                                                                               |