Consolidated Freightways Corporation

Consolidating Income Statements

For the Month Ended December 31, 2003

(Unaudited)


	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		CFC
Revenue - Customers	$	—		$	—	$	—		$	—		$	—		$	—	$	—		$	—	$	—		$	—	$	—
Revenue - Affiliates		—			—		—			—			—			—		—			—		—			—		—

Total Revenue		—			—		—			—			—			—		—			—		—			—		—

Operating Expenses		524,055			—		6,554			10			—			—		—			—		—			—		530,619
Salaries, Wages, and Benefits		676,769			—		84			(1,563	)		—			—		3,304			—		3,299			—		681,893
Purchased Transportation		94,846			—		6,370			—			—			—		—			—		—			—		101,216
Operating Taxes and Licensing		190,495			—		—			—			—			—		131,482			—		71,670			—		393,647
Claims and Insurance		46,761			—		—			—			—			—		21,686			—		5,276			—		73,723
Rents		(10,209	)		—		—			—			—			—		—			—		—			—		(10,209	)
Depreciation		14,290			—		—			—			—			—		—			—		—			—		14,290
Other G&A Expense		1,107,859			—		645,701			1,553			(19,044	)		—		—			—		—			—		1,736,069
(Gain)/Loss on Sales of Assets		(4,951,728	)		—		487			—			—			—		(11,192	)		—		(330,159	)		—		(5,292,592	)

Total Operating Expenses		(2,306,862	)		—		659,196			—			(19,044	)		—		145,280			—		(249,914	)		—		(1,771,344	)

Operating Income (Loss)		2,306,862			—		(659,196	)		—			19,044			—		(145,280	)		—		249,914			—		1,771,344
Interest on Debt		—			—		—			—			—			—		—			—		—			—		—
Other Interest Expense		—			—		—			—			—			—		—			—		—			—		—

Interest Expense		—			—		—			—			—			—		—			—		—			—		—

Temporary Investment Interest		42,106			—		—			—			—			—		30,824			—		5,796			—		78,726
Affiliate Interest Income		—			—		—			—			22,494			—		—			—		—			—		22,494
Other Interest Income		59,449			—		—			—			—			—		—			—		—			—		59,449

Interest Income		101,555			—		—			—			22,494			—		30,824			—		5,796			—		160,669
Other Miscellaneous, Net		1,054,595			—		53,029			—			22			—		—			—		—			—		1,107,646

Income (Loss) Before Taxes		3,463,012			—		(606,167	)		—			41,560			—		(114,456	)		—		255,710			—		3,039,659

Federal Income Tax Current		—			—		—			—			—			—		—			—		—			—		—
Federal Income Tax Deferred		—			—		—			—			—			—		—			—		—			—		—
State Income Tax Current		—			—		—			—			—			—		—			—		—			—		—
Foreign Income Tax Current		—			—		—			—			—			—		—			—		—			—		—

Income Taxes		—			—		—			—			—			—		—			—		—			—		—

Net Income (Loss)	$	3,463,012		$	—	$	(606,167	)	$	—		$	41,560		$	—	$	(114,456	)	$	—	$	255,710		$	—	$	3,039,659

CONSOLIDATED FREIGHTWAYS CORP 8-K