EXHIBIT 99.2

INDEX TO EXHIBIT 99.2

Restated Unaudited Balance Sheets as of the following dates:	Page Number
March 31, 2004	1
June 30, 2004	2
September 30, 2004	3
December 31, 2004	4
March 31, 2005	5
June 30, 2005	6
September 30, 2005	7

Consolidated Balance Sheet Frozen Food Express Industries, Inc. As of March 31, 2004 (unaudited, in thousands)
	As Reported		As Restated
Assets
Current assets
Cash and cash equivalents	$	1,088	$	1,088
Accounts receivable		52,732		52,732
Inventories		3,551		3,551
Tires on equipment in use		5,126		5,126
Deferred federal income tax		1,464		1,464
Other current assets		7,490		7,490
Total current assets		71,451		71,451
Property and equipment, net		63,646		67,700
Other assets		11,599		11,599
	$	146,696	$	150,750
Liabilities and Shareholder's Equity
Current Liabilities
Accounts payable	$	20,859	$	20,859
Accrued claims, current		7,622		7,622
Accrued payroll		5,943		5,943
Accrued liabilities		2,218		6,272
Total current liabilities		36,642		40,696
Long-term debt		6,500		6,500
Deferred federal income tax		2,746		2,746
Accrued claims, noncurrent		14,522		14,522
		60,410		64,464
Shareholder's equity
Par value of common stock (17,314 shares issued)		25,971		25,971
Capital in excess of par value		951		951
Retained earnings		59,789		59,789
		86,711		86,711
Less-treasury stock (128 shares), at cost		425		425
Total shareholders' equity		86,286		86,286
	$	146,696	$	150,750

PAGE 1

Consolidated Balance Sheet Frozen Food Express Industries, Inc. As of June 30, 2004 (unaudited, in thousands)
	As Reported		As Restated
Assets
Current assets
Cash and cash equivalents	$	2,852	$	2,852
Accounts receivable		55,159		55,159
Inventories		3,222		3,222
Tires on equipment in use		4,819		4,819
Deferred federal income tax		1,267		1,267
Other current assets		6,096		6,096
Total current assets		73,415		73,415
Property and equipment, net		64,279		68,136
Other assets		13,231		13,231
	$	150,925	$	154,782
Liabilities and Shareholder's Equity
Current Liabilities
Accounts payable	$	24,758	$	24,758
Accrued claims, current		7,213		7,213
Accrued payroll		6,675		6,675
Accrued liabilities		2,301		6,158
Total current liabilities		40,947		44,804
Long-term debt		1,000		1,000
Deferred federal income tax		4,246		4,246
Accrued claims, noncurrent		14,642		14,642
		60,835		64,692
Shareholder's equity
Par value of common stock (17,379 shares issued)		26,069		26,069
Capital in excess of par value		1,192		1,192
Retained earnings		63,281		63,281
		90,542		90,542
Less-treasury stock (128 shares), at cost		452		452
Total shareholders' equity		90,090		90,090
	$	150,925	$	154,782

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Consolidated Balance Sheet Frozen Food Express Industries, Inc. As of September 30, 2004 (unaudited, in thousands)
	As Reported		As Restated
Assets
Current assets
Cash and cash equivalents	$	7,267	$	7,267
Accounts receivable		56,836		56,836
Inventories		2,302		2,302
Tires on equipment in use		5,312		5,312
Deferred federal income tax		2,611		2,611
Other current assets		8,647		8,647
Total current assets		82,975		82,975
Property and equipment, net		73,060		76,081
Other assets		12,190		12,190
	$	168,225	$	171,246
Liabilities and Shareholder's Equity
Current Liabilities
Accounts payable	$	26,430	$	26,430
Accrued claims, current		7,647		7,647
Accrued payroll		6,131		6,131
Accrued liabilities		5,748		8,769
Total current liabilities		45,956		48,977
Long-term debt		7,000		7,000
Deferred federal income tax		5,956		5,956
Accrued claims, noncurrent		16,317		16,317
		75,229		78,250
Shareholder's equity
Par value of common stock (17,428 shares issued)		26,142		26,142
Capital in excess of par value		1,292		1,292
Retained earnings		66,801		66,801
		94,235		94,235
Less-treasury stock (235 shares), at cost		1,239		1,239
Total shareholders' equity		92,996		92,996
	$	168,225	$	171,246

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Consolidated Balance Sheet Frozen Food Express Industries, Inc. As of December 31, 2004 (unaudited, in thousands)
	As Reported		As Restated
Assets
Current assets
Cash and cash equivalents	$	3,142	$	3,142
Accounts receivable		57,954		57,954
Inventories		1,818		1,818
Tires on equipment in use		5,157		5,157
Deferred federal income tax		3,473		3,473
Other current assets		9,103		9,103
Total current assets		80,647		80,647
Property and equipment, net		78,039		82,513
Other assets		12,006		12,006
	$	170,692	$	175,166
Liabilities and Shareholder's Equity
Current Liabilities
Accounts payable	$	31,985	$	31,985
Accrued claims, current		13,068		13,068
Accrued payroll		9,070		9,070
Accrued liabilities		2,147		6,621
Total current liabilities		56,270		60,744
Long-term debt		2,000		2,000
Deferred federal income tax		8,551		8,551
Accrued claims, noncurrent		6,825		6,825
		73,646		78,120
Shareholder's equity
Par value of common stock (17,653 shares issued)		26,480		26,480
Capital in excess of par value		2,518		2,518
Retained earnings		68,603		68,603
		97,601		97,601
Less-treasury stock (130 shares), at cost		555		555
Total shareholders' equity		97,046		97,046
	$	170,692	$	175,166

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Consolidated Balance Sheet Frozen Food Express Industries, Inc. As of March 31, 2005 (unaudited, in thousands)
	As Reported		As Restated
Assets
Current assets
Cash and cash equivalents	$	1,676	$	1,676
Accounts receivable		55,366		55,366
Inventories		2,013		2,013
Tires on equipment in use		4,674		4,674
Deferred federal income tax		4,770		4,770
Other current assets		5,854		5,854
Total current assets		74,353		74,353
Property and equipment, net		82,168		86,429
Other assets		12,135		12,135
	$	168,656	$	172,917
Liabilities and Shareholder's Equity
Current Liabilities
Accounts payable	$	25,412	$	25,412
Accrued claims, current		12,908		12,908
Accrued payroll		8,507		8,507
Accrued liabilities		1,434		5,695
Total current liabilities		48,261		52,522
Long-term debt		1,000		1,000
Deferred federal income tax		10,247		10,247
Accrued claims, noncurrent		6,321		6,321
		65,829		70,090
Shareholder's equity
Par value of common stock (17,922 shares issued)		26,883		26,883
Capital in excess of par value		4,653		4,653
Retained earnings		71,910		71,910
		103,446		103,446
Less-treasury stock (130 shares), at cost		619		619
Total shareholders' equity		102,827		102,827
	$	168,656	$	172,917

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Consolidated Balance Sheet Frozen Food Express Industries, Inc. As of June 30, 2005 (unaudited, in thousands)
	As Reported		As Restated
Assets
Current assets
Cash and cash equivalents	$	9,429	$	9,429
Accounts receivable		56,712		56,712
Inventories		2,453		2,453
Tires on equipment in use		4,724		4,724
Deferred federal income tax		4,081		4,081
Other current assets		7,112		7,112
Total current assets		84,511		84,511
Property and equipment, net		78,284		82,332
Other assets		12,133		12,133
	$	174,928	$	178,976
Liabilities and Shareholder's Equity
Current Liabilities
Accounts payable	$	24,128	$	24,128
Accrued claims, current		13,386		13,386
Accrued payroll		9,449		9,449
Accrued liabilities		3,861		7,909
Total current liabilities		50,824		54,872
Long-term debt		-		-
Deferred federal income tax		7,941		7,941
Accrued claims, noncurrent		6,482		6,482
		65,247		69,295
Shareholder's equity
Par value of common stock (18,072 shares issued)		27,108		27,108
Capital in excess of par value		5,540		5,540
Retained earnings		77,709		77,709
		110,357		110,357
Less-treasury stock (133 shares), at cost		676		676
Total shareholders' equity		109,681		109,681
	$	174,928	$	178,976

PAGE 6

Consolidated Balance Sheet Frozen Food Express Industries, Inc. As of September 30, 2005 (unaudited, in thousands)
	As Reported		As Restated
Assets
Current assets
Cash and cash equivalents	$	7,807	$	7,807
Accounts receivable		63,243		63,243
Inventories		2,214		2,214
Tires on equipment in use		4,779		4,779
Deferred federal income tax		615		615
Other current assets		11,428		11,428
Total current assets		90,086		90,086
Property and equipment, net		82,978		86,812
Other assets		10,755		10,755
	$	183,819	$	187,653
Liabilities and Shareholder's Equity
Current Liabilities
Accounts payable	$	30,198	$	30,198
Accrued claims, current		14,380		14,380
Accrued payroll		9,986		9,986
Accrued liabilities		3,839		7,673
Total current liabilities		58,403		62,237
Long-term debt		-		-
Deferred federal income tax		6,285		6,285
Accrued claims, noncurrent		6,941		6,941
		71,629		75,463
Shareholder's equity		27,205		27,205
Par value of common stock (18,137 shares issued)		5,946		5,946
Capital in excess of par value		82,685		82,685
Retained earnings		115,836		115,836
Less-treasury stock (419 shares), at cost		3,646		3,646
Total shareholders' equity		112,190		112,190
	$	183,819	$	187,653

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