Jevic Suspending Ops
 

Saw this today
http://www.jevic.com/news/39/73.html

Hmmm

Sad day for the employees and their families. Hopefully something positive will occur for everyone affected by this.

Hmmm is right. I thought they had a niche in the LTL freight. LTL freight has been getting more and more popular so this is surprising. Didn't the guy that owns New Century originally start Jevic and then sold it and started New Century ? 8) 8)

Another one bites the dust. I'm sure that won't be the last one.

Wow...that's a big one. :shock:

Rev is right, though. There will be more. Jevic just happens to be one of the bigger players in the field...or happened to be.

They shut down 4 terminals last month in a cost cutting move. I'm surprised they decided to shut the whole thing down this quickly.

1100 Trucking company with 1200+ drivers...... :cry:

On the upside, the drivers they had most were very safe and professional which is a positive in today's job market.

Any guesses on who's next?

The website say's they will continue operations, to clear the already enroute freight out of their system...but look at the employee page; http://www.jevic.com/employee/Dear_J...oyee%27s1_.pdf

Would you continue working, after knowing that your benefits have already stopped?

I guess all in all...They are doing this better than a lot of companies have done. they are seemingly providing employment assistance, for movong on...but time alone will tell.

http://www.jevic.com/employees-information.html

wonder how long this has been in the works?
someone had to know something.
will they be liquidated? consolidated? or just under new ownership?

Ironic, the button towards the left says "Moving Freight Smarter". Should have been moving it economically. I wonder if the higher ups will get a severence package?