Jevic Transportation President David Gorman announced today on their website that they are shutting down permanently, citing fuel costs as one of their primary reasons.
From their website:
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I regret to inform you that Jevic Transportation Inc. will be discontinuing operations. The current high fuel costs, economic downturn, increasing insurance costs, and tightening credit markets have made this decision necessary. Jevic will stop providing pickup service effective Monday 5/19/08. However, we will continue operating to deliver all freight within our system prior to closing.
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Jevic downsized just recently, but assured their customers, employees, and independent contractors that they were not going out of business. Looks like their downsizing plan wasn't enough.
For those that thought only the small independents were going to be pushed out of business because of fuel prices, here is a good example of a larger company that has now been forced to close the doors. This puts many people out of work, form the offic personell, to the company drivers who will be searching for another company to drive for, and also quite a few owner operators who will now be looking for another company to lease on to.
For any company drivers who don't think this is their problem, better think again because unless something changes, your company could be next