This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

FFE Transportation Services, Inc. Announces 'Drive-To-Own' Owner-Operator Program

DALLAS, Feb. 15, 2011 (GLOBE NEWSWIRE) -- FFE Transportation Services, Inc. (Nasdaq:FFEX) announced the restructuring of the company lease-purchase program for those Owner-Operators interested in participating in the company's existing lease to purchase program. The program is branded "Drive-To-Own" and the revised terms reduce lease payments by an average of 20%. In addition, the program encourages ownership by significantly reducing the residual or 'balloon' payment due at the end of lease terms on qualified equipment. The restructure is intended to increase cash flow of FFE Contractors in the program and to motivate ownership in the shortest time possible. All current Contractors leasing equipment from FFE through prior programs recognized the improved economics of "Drive-To-Own" as of February 13, 2011 and all qualified candidates entering FFE are now eligible for the same terms.  

John Hickerson, EVP and COO of FFE, stated, "FFE is continually looking for ways to improve the satisfaction and success of our Independent Contractors. We understand that our growth and success is dependent upon the success of these critical partners. This is a first step as we continue to analyze opportunities to keep our Contractor programs among the most competitive in the industry."  

Along with the reduced payment terms, FFE offers very competitive labor rates when DTO contractors choose to use preferred vendors for maintenance and repairs. FFE also provides parts and tires on a cost-plus arrangement. This opportunity, along with access to The FFE national network of road service providers allows their contractors to minimize down time while controlling maintenance and repair expense. 

About FFE Transportation Services, Inc.

FFE Transportation Services, Inc. is one of the leading temperature-controlled truckload and less-than-truckload carriers in the United States with core operations in the transport of temperature-controlled products and perishable goods including food, health care and confectionery products. Service is offered in over-the-road and intermodal modes for temperature-controlled truckload and less-than-truckload, as well as dry truckload. The Company also provides brokerage/logistics and dedicated services to our customers. Additional information about Frozen Food Express Industries, Inc. can be found at http://www.ffeinc.com . To join our email alert list, please click the following link: http://financials.ffex.net/alerts.cfm . The Company's common stock is traded on the NASDAQ Global Select market under the symbol FFEX.

The FFE Transportation Services, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=3209

CONTACT: Frozen Food Express Industries, Inc.
         Russell Stubbs, President
         John Hickerson, Executive VP and COO
         John McManama, Senior VP and CFO
         (214) 630-8090
         ir@ffex.net
         
         Three Part Advisors, LLC
         Investor Relations:
         Steven Hooser
         Dave Mossberg
         214-872-2710

company logo

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,113.54 +61.81 0.36%
S&P 500 1,983.53 +9.90 0.50%
NASDAQ 4,456.0160 +31.3120 0.71%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs