-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, EXV/b7uCEWTFKlaIi9nhUppNmJTkd9bfxB5fT6Cx+Fn2DIFbtVL0BRHY8bwMVpVS DLelueSLAdBdmoUpV3Bavw== 0001193125-03-066165.txt : 20031023 0001193125-03-066165.hdr.sgml : 20031023 20031023144705 ACCESSION NUMBER: 0001193125-03-066165 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20031022 ITEM INFORMATION: Other events FILED AS OF DATE: 20031023 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CONSOLIDATED FREIGHTWAYS CORP CENTRAL INDEX KEY: 0001022581 STANDARD INDUSTRIAL CLASSIFICATION: TRUCKING (NO LOCAL) [4213] IRS NUMBER: 770425334 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-12149 FILM NUMBER: 03953898 BUSINESS ADDRESS: STREET 1: 16400 SE CF WAY CITY: VANCOUVER STATE: WA ZIP: 98683 BUSINESS PHONE: 360-448-4000 MAIL ADDRESS: STREET 1: 16400 SE CF WAY CITY: VANCOUVER STATE: WA ZIP: 98683 8-K 1 d8k.htm FORM 8-K Form 8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 


 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of

the Securities Exchange Act of 1934

 

Commission File Number 1-12149

 


 

CONSOLIDATED FREIGHTWAYS CORPORATION

 

Incorporated in the State of Delaware

I.R.S. Employer Identification No. 77-0425334

 

1115 S.E. 164th Avenue, Vancouver, WA 98683

Telephone Number (360) 448-4000

 



Item 5.   Other Events.

 

On September 3, 2002, Consolidated Freightways Corporation (the “Company”), Consolidated Freightways Corporation of Delaware, Redwood Systems, Inc., Leland James Service Corporation, CF Airfreight Corporation and CF MovesU.com Incorporated (collectively, the “CF Debtors”) filed their voluntary petitions for relief under chapter 11 of title 11 of the United States Code (the “Bankruptcy Code”). On February 3, 2003, CFCD 2002 LLC, CFCD 2002A LLC, CFCD 2002 Member LLC and CFCD 2002A Member LLC (collectively, the “LLC Debtors” and together with the CF Debtors, the “Debtors”) filed their voluntary petitions for relief under the Bankruptcy Code. The Debtors’ chapter 11 cases are pending in the United States Bankruptcy Court for the Central District of California, Riverside Division (jointly administered under Case No. RS 02-24284 MG).

 

Based on guidance provided in Exchange Act Release 9660 (June 30, 1972) and Staff Legal Bulletin Number 2 (April 16, 1997), and based upon informal communications with the staff of the U.S. Securities and Exchange Commission, the Company is modifying the form of its periodic reporting under the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Specifically, in lieu of filing Forms 10Q and 10K pursuant to the Exchange Act, the Company will file under cover of Form 8K certain financial information included in monthly operating statements submitted by the Debtors to the Office of the United States Trustee for the Central District of California in connection with their chapter 11 cases pursuant to the Federal Rules of Bankruptcy Procedure and the requirements of the Office of the United States Trustee for the Central District of California.

 

THIS REPORT ON FORM 8K CONTAINS FINANCIAL STATEMENTS AND OTHER FINANCIAL INFORMATION THAT HAVE NOT BEEN AUDITED OR REVIEWED BY INDEPENDENT ACCOUNTANTS, ARE NOT PRESENTED IN ACCORDANCE WITH GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, AND MAY BE SUBJECT TO FUTURE RECONCILIATION AND ADJUSTMENTS. THE FINANCIAL INFORMATION INCLUDED HEREIN IS, ACCORDINGLY, ONLY REPRESENTATIVE OF THE FILING COMPANIES LISTED ABOVE. FURTHER, SUCH FINANCIAL STATEMENTS AND INFORMATION REFLECT ONLY THE OPERATIONS OF THE DEBTORS, AND THEREFORE DO NOT CONSTITUTE OR REFLECT CONSOLIDATED FINANCIAL DATA FOR THE COMPANY.

 

The financial statements are included as Exhibit 99.1.


SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

       

Consolidated Freightways Corporation

(Registrant)

October 22, 2003

     

/s/    Stephen Sokol


       

Stephen Sokol

Executive Vice President of Finance and
Chief Financial Officer

EX-99.1 3 dex991.htm FINANCIAL STATEMENTS Financial Statements

Exhibit 99.1

 

Consolidated Freightways Corporation

Consolidating Income Statements

For the Month Ended August 31, 2003

 

    Consolidated
Freightways
Corporation
of Delaware


    Consolidated
Freightways
Corporation


  CF
AirFreight
Corporation


    Leland
James
Service
Corporation


    Redwood
Systems
Inc.


    CF
MovesU
Inc.


    CFCD
2002 LLC


    CFCD
2002
Member
LLC


  CFCD
2002A
LLC


    CFCD
2002A
Member
LLC


  Total

 

Revenue—Customers

  $ —       $ —     $ —       $ —       $ —       $ —       $ —       $ —     $ —       $ —     $ —    

Revenue—Affiliates

    —         —       —         —         —         —         —         —       —         —       —    
   


 

 


 


 


 


 


 

 


 

 


Total Revenue

    —         —       —         —         —         —         —         —       —         —       —    
   


 

 


 


 


 


 


 

 


 

 


Operating Expenses

    120,444       —       1,901       10       468       26       —         —       —         —       122,849  

Salaries, Wages, and Benefits

    450,688       —       —         14,760       —         —         —         —       —         —       465,448  

Purchased Transportation

    —         —       —         —         —         —         —         —       —         —       —    

Operating Taxes and Licensing

    134,273       —       —         —         —         —         (7,589 )     —       —         —       126,684  

Claims and Insurance

    111,410       —       500       —         —         —         17,773       —       6,565       —       136,248  

Rents

    (54,420 )     —       —         —         —         —         —         —       —         —       (54,420 )

Depreciation

    7,195       —       1,604       —         73       —         —         —       —         —       8,872  

Amortization

    154,145       —       —         875,119       —         —         —         —       —         —       1,029,264  

Other G&A Expense

    1,954,931       —       1,997       (889,889 )     4,675       —         —         —       —         —       1,071,714  

(Gain)/Loss on Sales of Assets

    (3,196,503 )     —       134,985       —         —         —         (2,807,719 )     —       —         —       (5,869,237 )
   


 

 


 


 


 


 


 

 


 

 


Total Operating Expenses

    (317,837 )     —       140,987       —         5,216       26       (2,797,535 )     —       6,565       —       (2,962,578 )
   


 

 


 


 


 


 


 

 


 

 


Operating Income (Loss)

    317,837       —       (140,987 )     —         (5,216 )     (26 )     2,797,535       —       (6,565 )     —       2,962,578  

Other Interest Expense

    (583 )     —       —         —         —         —         —         —       —         —       (583 )
   


 

 


 


 


 


 


 

 


 

 


Interest Expense

    (583 )     —       —         —         —         —         —         —       —         —       (583 )

Temporary Investment Interest

    —         —       —         —         —         —         6,570       —       6,195       —       12,765  

Affiliate Interest Income

    —         —       —         —         22,494       —         —         —       —         —       22,494  

Other Interest Income

    689       —       —         —         —         —         —         —       —         —       689  
   


 

 


 


 


 


 


 

 


 

 


Interest Income

    689       —       —         —         22,494       —         6,570       —       6,195       —       35,948  

Debt Expense

    (310,937 )     —       —         —         —         —         —         —       —         —       (310,937 )
   


 

 


 


 


 


 


 

 


 

 


Income (Loss) Before Taxes

    7,006       —       (140,987 )     —         17,278       (26 )     2,804,105       —       (370 )     —       2,687,006  

Federal Income Tax Current

    —         —       —         —         —         —         —         —       —         —       —    

Federal Income Tax Deferred

    —         —       —         —         —         —         —         —       —         —       —    

State Income Tax Current

    —         —       —         —         —         —         —         —       —         —       —    

Foreign Income Tax Current

    —         —       —         —         —         —         —         —       —         —       —    
   


 

 


 


 


 


 


 

 


 

 


Income Taxes

    —         —       —         —         —         —         —         —       —         —       —    
   


 

 


 


 


 


 


 

 


 

 


Net Income (Loss)

  $ 7,006     $ —     $ (140,987 )   $ —       $ 17,278     $ (26 )   $ 2,804,105     $ —     $ (370 )   $ —     $ 2,687,006  
   


 

 


 


 


 


 


 

 


 

 


 

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