Jevic Transportation Closing The Doors

Discussion in 'Motor Carrier Questions - The Inside Scoop' started by Jvc107, May 17, 2008.

  1. Jvc107

    Jvc107 Bobtail Member

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    Well, the day nobody thought would ever come is really here. On Monday 5/19/08 Jevic will announce that they are closing the doors to ALL of their terminals and all assets will be liquidated.

    It's a sad day for a once great trucking company. They have been in a steady decline for the past 10 years.
     
    Robm Thanks this.
  2. caraldo

    caraldo Light Load Member

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    I heard this on another site by people claiming to be employees. Is your info solid, or grapevine? I sure hate to see this.
     
  3. Jvc107

    Jvc107 Bobtail Member

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    It's 100% true, only a handful of key people were briefed on Friday, it will be announced to everyone on Monday.
     
  4. caraldo

    caraldo Light Load Member

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    Sounds like you are effected by this. If so, keep the faith. Bleak as things seem, have confidence that things will work out as they should.
     
  5. pawpaw

    pawpaw Medium Load Member

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    This seems to contradict the article posted by cybergal that said they are only closing one terminal affecting approximately 104 people. Those peopl, the article states, will have the opportunity to move to one of the other 10 terminals.
     
  6. caraldo

    caraldo Light Load Member

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    That was four weeks ago. The people running with Jevac said this seems to have come about yesterday.
     
  7. Jvc107

    Jvc107 Bobtail Member

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    That article is a month old. The plan then was to close Cincy, Charlotte and Atlanta and the company would be fine. Those on the inside knew that was just b.s. that was fed to keep people from bailing out.

    The asset sale will be the first form of profit that Sun Capital Partners has seen since purchasing Jevic.
     
  8. The Challenger

    The Challenger Kinghunter

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    Isn't this happening since New Century has been taking contracts from Jevic?

    Hunter
     
  9. Foster Hill Trans

    Foster Hill Trans Bobtail Member

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    Jevic has ben losing money since they were sold too YELLOW a few years ago.
     
  10. silverbullet

    silverbullet Bobtail Member

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    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.