DYNAMEX INC
10-Q, EX-11.1, 2000-12-18
TRUCKING & COURIER SERVICES (NO AIR)
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<PAGE>   1
                                                                    EXHIBIT 11.1



DYNAMEX INC.
CALCULATION OF NET INCOME PER COMMON SHARE
(in thousands except per share data)
(Unaudited)

<TABLE>
<CAPTION>
                                                             Three months ended
                                                                 October 31,
                                                             -------------------
                                                              2000         1999
                                                             ------      -------
<S>                                                          <C>         <C>
Net income                                                   $  498      $   405
                                                             ======      =======

Weighted average common
   shares outstanding                                        10,207       10,207

Common share equivalents related
   to options and warrants                                        3           --
                                                             ------      -------

Common shares and common share
   equivalents                                               10,210       10,207
                                                             ======      =======

Common stock price used under
   treasury stock method                                     $ 1.47      $    --
                                                             ======      =======

Net income (loss) per common share:
   Basic                                                     $ 0.05      $  0.04
                                                             ======      =======

   Diluted                                                   $ 0.05      $  0.04
                                                             ======      =======
</TABLE>


On September 16, 1999, the American Stock Exchange suspended trading in the
Company's common stock. As a result, the Company is unable to determine the
number, if any, of common share equivalents related to options and warrants for
the three months ended October 31, 1999.



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