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?

Wow!

That's too bad.

Additional info: http://www.jevic.com/news/40/73.html

Also explains the text message my boss sent me to immediately inform him of places that Jevic delivers to / picks-up from. Bad news travels fast.

Rumor has it that a smaller carrier in Wisconsin -- Koschkee Transfer -- has recently gone-out-of-business as well. Haven't been able to verify that yet.

From what I understand Koschkee has closed. They have been dragging one foot for a long time tho.

Stoughton Trucking is suppose to close in June or July also.

Too bad....

Sure didn't take long for the 'thinning of the herd' to start.................

I dunno, koschkee looked like they've had 1 foot in the grave for a while.
And stoughton trucking? Dang. I don't know those drivers, but I know one of their customers, cuz when I drove for SNI we had an account with the same customer. I wonder if SNI will pick up the slack.

If there's any actual slack - somebody's gonna pick it up..
I think I been pickin' up somebody's slack down here in Texas.
Anybody seen any UPS/ Overnight flatbeds running? Haven't seen one in weeks in the places where they were coverin' us up! :nervous:

That's a shame...evidently I live on one of their lanes because I used to see at least five of their trucks every day.

They say they will continue operations until all the freight is out of their system...well if an employer to me to continue working after the day my benefits stopped I would tell them where they could stick it, then walk away.

No way would I continue working for a company knowing I had no benefits.

Wow, this is shocking! Living in the Northeast i used to see Jevic running a lot up and down the 95 corridor. I used to hear great things about working for them. It's shocking to hear about the closing so fast! I give all employees my best wishes.

Root, I still see those UPS flatbeds about every other day in VA. Can't miss those ugly things going down the road. :D

i think i saw at least 4 jevic trucks today between madison and rockford.

There is a small handful of Jevic drivers still running, clearing the freight out of their system, but they'll be done in a couple weeks. But the majority are gone and pretty shocked. We've talked to a lot of Jevic drivers the past two days...most of them long-termers and most pretty shell-shocked at what happened.

Got passed by 5 bobtail Jevic trucks headed south on 65.Each one had two guys in it and one had "We got F%^ked" writen in the dirt on the back of the cab.

Yeah they did get f*cked pretty good! I thought Jevic was doing good if you ask me! I'm curious as to who will be next. :?

Hmmm and I only work for a small 80 truck company. And some of those are O/O.

jevic
 

Alot of this is from very poor management and profits being took after sale of co,big bosses wanted be pay check !!!!

Maybe so, but I bet these didn't help either

http://dockets.justia.com/docket/cou...ase_id-150524/

http://dockets.justia.com/docket/cou...ase_id-150311/

http://dockets.justia.com/docket/cou...ase_id-149746/

http://dockets.justia.com/docket/cou...ase_id-149606/

There are a whole slew of anti-trust suits from various organizations against Jevic and other carriers. I am sure that this is just the tip of an iceberg that we just picked up on radar 150 miles away.

Then you throw in cutting rates to where you are getting less per mile than it costs to run the truck, and making dumb decisions. I was talking to a Jervic driver in Fl. about a month back, he had run from Atlanta to Fort Myers with two pallets and as far as he knew was going back empty. Now you can't tell me their F.R. on 4,000 lbs was good enough to pay for a 900 and some mile round trip. If it was I will sell my lowboy and by a van and pick up the slack.

Just seen on the Philadelphia news that 1,200 Jevic employees are suing the co. for not getting the federally mandated 60 day notice. Going get interesting now.

Hitman, what are they suing ???? The truck are all on leases, the trailers are all on leases, the yards are all on leases. Yes, they own some office furniture and maybe a few computors or two, most of that is least to. This is just some shyster attorny saying "Give me 300 dollars each and I will get you all you are owed"

I heard the same stuff when I worked in the oil patch field. People wanting to sue because they didn't give out notices. From what I remember it doesn't apply in the case of filing bankruptcy, only in the case of an RIF.

Yes they did have good drivers. From what I remember they required a few years of experience and a spotless MVR.

What about NEMF?

One thing cracks me up on CAD. There's a lot of posting about other companies biting the dust. There is also a lot of (im) posters claiming to have "inside knowledge." However a company the size of Jevic shuts it's doors and not a post until 2-3 days after the fact. Trucker's are such BSers :wink:

Ummmm...... :?


Jevic closed their doors on Monday the 19th. The OP posted the info at 8:17 that morning......

Your point is well taken. However, what I was alluding to was the fact that there was not one inkling of Jevic's problems until after it was posted on Jevic's website. No one was offering up "inside" information related to Jevic. Now when it comes to speculating about TMC we have an abundance of insiders.

No big deal. Just an observation. Simply put, when it comes to speculating insiders and experts come out of the woodwork. But, when it comes to a real event we don't hear a peep until after the fact. I think you get my drift.

The larger point is that the majority of the information posted on this (and every other board) should be taken with a grain of salt. What you read here is either axe grinding, or self benefitting posts (recruiters, drivers looking for recruiting bonuses, etc.). Heck, some of the moderators on CAD are recruiters!


This is by no means a brilliant observation, and it has obviously been stated by others, and is generally common sense.

harry sold jevic to yellow, maybe $240 mil.. harry then waited til the new century came, according to contract when he sold jevic, he wasnt aloud to start a Co. in current century, then after 2000 a new century started. hence being said New century.. lol.. He then went back to his old cust.s and asked for there frieght, bac. And after a while yellow sold jevic to a firm in FL and it stilled continued to go down. Then the high cost of fuel, sealed it and that was that!

Jevic shutdown may have been illegal

And if this suit goes thru the company apparently has no more money, so what do they expect to get paid from it? IOU's?

I don't know about state but federal law says 60 days notice? If my company shuts down it might be an hour notice but it's not illegal. Heck, we can be terminated without warning or reason, isn't that the same thing as the company closing it's doors? Most companies don't know that they are going to shutdown 2 months from now because they are holding out as long as they can hoping that something good will come their way.

The 90-days is for planned plant closures, down sizing, reductions in force, relocations, etc.

There is no 90-day rule for going broke :wink:

Lets face it drivers.
The BS that trucking schools want to promote that "you'll make a good living in trucking" is slowly becoming what it truely is."a lie"
And with the high fuel prices this year, company drivers out here have this false sense of security that the high fuel prices wont effect "company drivers"but only the O/O.
Well try living on 2000 miles a week or less for OTR drivers etc...Because the thinning of the herd is in full effect this year.
I think fuel is gona get so high that the job one had prior to driving a truck for a living back home will actually become the better option.
Hopefully some justice will come to all those Jevic drivers + their families who are having this corporate misfortune.

hard enuff finding a job in jersey now with delanco gone theres gonna be nooooo avaiable jobs... there was a few jevic guys running that cbass-holes.com bullshit in north jersey. wont have to hear that shit as much