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  ^ Top   #31  
Old 05.20.2008
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yup they sure did
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  ^ Top   #32  
Old 05.20.2008
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You're right. This is only the beginning.

But part of this, lands squarely on their own shoulders.

You can't run trucks like they did. And not lose money with fuel this high.

But, this marks the beginning of a "good" time for the owner ops who have managed to hang on. If they can hang on for another 6 months.

We're going through a cleaning process. Last man standing...sets the rates. And since there will not be enough trucks to pull that freight. It will be the land of milk and honey.

For those that remain.
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  ^ Top   #33  
Old 05.20.2008
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Jevic
I heard from a o/o friend today that Jevic has closed their doors and laid off about 3200 peeps.....does anyone know or heard this today?
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  ^ Top   #34  
Old 05.20.2008
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oops double post
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  ^ Top   #35  
Old 05.20.2008
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Quote:
Originally Posted by danc694u View Post
You're right. This is only the beginning.

But part of this, lands squarely on their own shoulders.

You can't run trucks like they did. And not lose money with fuel this high.

But, this marks the beginning of a "good" time for the owner ops who have managed to hang on. If they can hang on for another 6 months.

We're going through a cleaning process. Last man standing...sets the rates. And since there will not be enough trucks to pull that freight. It will be the land of milk and honey.

For those that remain.
well i can agree with at least part of that, the hard part to agree with is the being able to set the rates, we went thru this in 2000 and rates didn't recover as they should have there were many reasons for this but then as now I look for rates to remain very soft for at least the next two years
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  ^ Top   #36  
Old 05.20.2008
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I think the way they decided to do this was at best poorly executed and another stunning example of how little companies care about the drivers. Even Jevic, whom had a fairly good standing reputation.

You cannot tell me they had no idea this was coming and couldn't have given more notice and tried to route drivers home.
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  ^ Top   #37  
Old 05.20.2008
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Originally Posted by gearjammer-2000 View Post
well i can agree with at least part of that, the hard part to agree with is the being able to set the rates, we went thru this in 2000 and rates didn't recover as they should have there were many reasons for this but then as now I look for rates to remain very soft for at least the next two years
I think, and I could be wrong, this dip is going to cut deeper than the 2000 dip.

With the slow freight, the larger companies are not putting on new trucks. Nor are they increasing trailer pools. The economy will rebound. And when it does, it will be a feeding frenzy for trucking companies.

Just like the new HOS had a positive effect on the industry. So will this down turn, fuel prices and all.

The Owner Ops that still have their trucks will have a seat at the table this time though.

Feast or famine, rule of the road for trucking. As always.
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  ^ Top   #38  
Old 05.20.2008
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Originally Posted by silverbullet View Post
OK. Just received a call from a good friend, drivin for JEVIC.. Said that all O/O's were released on friday may 16th.... And some were across country from their home.. Rumor mill, Bein what it is, say's JEVIC is shuttin down Monday May 19, 2008.. Is there ANYONE out there that can confirm this, or any part of it.
I can only tell you what was told to me today...this being an o/o...he told me that JEVIC were closing up because they were going in the hole...they sent all drivers home and told them they would not be opening back up...They JEVIC WILL BE CLOSED PERMANANTLY......I still can't believe it...but at this point I can see why..
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  ^ Top   #39  
Old 05.20.2008
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Originally Posted by bob wood View Post
heard today JEVEC trucking is going out of business because it can no longer compete due to high fuel costs.anybody else hear this ? if so im afraid this is only the beginning
Yep. Posted on their company website even.
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  ^ Top   #40  
Old 05.20.2008
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Quote:
Originally Posted by danc694u View Post
I think, and I could be wrong, this dip is going to cut deeper than the 2000 dip.

The economy will rebound. And when it does, it will be a feeding frenzy for trucking companies.
I don't think the economy will rebound. I think that there is something bigger going on here. These fuel prices seem to have no ceiling. For NAFTA(North America's Freedom Traded Away) to work,they have to crush our middle class so the people south of the border have no reason to come up here. They need our dollar to crash so Mexico,Canada and the US are forced to have a mutual currency. THE AMERO.
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