New Press Release from Jevic Transportation:
Category: General
Date: 01:27:43 PM, EDT, 05/19/08
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NJ Based Motor Carrier Discontinues Operations
Jevic Transportation Inc Cites Economic Conditions as Final Straw
Delanco, NJ…. Effective Monday May 19th 2008 Jevic Transportation, Inc, a less-than-truckload
transportation services provider, is discontinuing operations. They are headquartered in Delanco, NJ.
Although the company will not be making pick-ups, a company spokesperson has said they are running
a delivery operation until all freight “in our system is delivered”.
“We owe that to the many loyal customers who have been the backbone of Jevic over the last 27 years,”
says Pete Robinson, director of marketing and corporate communications. “Our customers were what
drove us and made Jevic the market innovator in freight transportation.”
Since going private two years ago, the company worked diligently to bring the company back to strong
profitability.
In April, Jevic aggressively realigned the organization to improve costs and improve efficiencies. The
realignment was going as planned and freight delivery costs were improving.
“Sadly, escalating fuel costs, higher insurance costs, a slowing economy and, ultimately a tightening of
the credit market were to much for us to overcome, “ Robinson says. “It’s a sad day for everyone here in
Delanco and around the country.”
With this action approximately 1,500 employees are no longer employed
The company was founded in 1981 and grew rapidly during the eighties and early 90’s. At one time it
had facilities in Delanco NJ; Chicago IL; New England, New York NY; Charlotte NC; Atlanta GA; Houston
TX; Cleveland and Cincinnati OH; and Los Angeles CA.
The company was know for its unique operating model which handled freight less than conventional
carriers, lowering lost and damaged shipments dramatically, while still delivering to the entire 48 states.
This “Breakbulk-Free” model, as it came to be known, was the platform for the myriad innovations, which
solidified the carrier’s reputation for customer service.
Jevic was the first nation-wide LTL carrier to offer what has become a standard offering in the industry -
time-definite and day definite services, branded “100% Guaranteed”, which provided expedited delivery.
They also offered the Jevic “Heat Fleet”, the largest fleet of heated trailers in the United States, used to
protect freezable freight en route to destination in cold winter months.
““We are certainly grateful for the emails and calls we are receiving from our customers wishing
everyone well.” states Robinson. “Jevic” is more than trucks - it was the people, that’s for sure.”
Quick Fact Sheet
Incorporated May 18 1981 - Opens in Delran and Willingboro NJ
1989 - Chicago, IL Opened - Breakbulk-Free operation begins
1991 - Delran Operation moved to Delanco, NJ
1992 - Charlotte Opened
1993 - Atlanta Opened
1995 - New England Opens
Charlotte moves to larger facility
1997 - Houston
1999 - Cleveland and Cincinnati
1st nationwide carrier to use a satellite system for nationwide communication beginning in 1991.
Lowest Claims ratio @ 1/2 of 1% for over 25 years.
Employees – 1500+
Category: General
Date: 01:27:43 PM, EDT, 05/19/08
NJ Based Motor Carrier Discontinues Operations
Jevic Transportation Inc Cites Economic Conditions as Final Straw
Delanco, NJ…. Effective Monday May 19th 2008 Jevic Transportation, Inc, a less-than-truckload
transportation services provider, is discontinuing operations. They are headquartered in Delanco, NJ.
Although the company will not be making pick-ups, a company spokesperson has said they are running
a delivery operation until all freight “in our system is delivered”.
“We owe that to the many loyal customers who have been the backbone of Jevic over the last 27 years,”
says Pete Robinson, director of marketing and corporate communications. “Our customers were what
drove us and made Jevic the market innovator in freight transportation.”
Since going private two years ago, the company worked diligently to bring the company back to strong
profitability.
In April, Jevic aggressively realigned the organization to improve costs and improve efficiencies. The
realignment was going as planned and freight delivery costs were improving.
“Sadly, escalating fuel costs, higher insurance costs, a slowing economy and, ultimately a tightening of
the credit market were to much for us to overcome, “ Robinson says. “It’s a sad day for everyone here in
Delanco and around the country.”
With this action approximately 1,500 employees are no longer employed
The company was founded in 1981 and grew rapidly during the eighties and early 90’s. At one time it
had facilities in Delanco NJ; Chicago IL; New England, New York NY; Charlotte NC; Atlanta GA; Houston
TX; Cleveland and Cincinnati OH; and Los Angeles CA.
The company was know for its unique operating model which handled freight less than conventional
carriers, lowering lost and damaged shipments dramatically, while still delivering to the entire 48 states.
This “Breakbulk-Free” model, as it came to be known, was the platform for the myriad innovations, which
solidified the carrier’s reputation for customer service.
Jevic was the first nation-wide LTL carrier to offer what has become a standard offering in the industry -
time-definite and day definite services, branded “100% Guaranteed”, which provided expedited delivery.
They also offered the Jevic “Heat Fleet”, the largest fleet of heated trailers in the United States, used to
protect freezable freight en route to destination in cold winter months.
““We are certainly grateful for the emails and calls we are receiving from our customers wishing
everyone well.” states Robinson. “Jevic” is more than trucks - it was the people, that’s for sure.”
Quick Fact Sheet
Incorporated May 18 1981 - Opens in Delran and Willingboro NJ
1989 - Chicago, IL Opened - Breakbulk-Free operation begins
1991 - Delran Operation moved to Delanco, NJ
1992 - Charlotte Opened
1993 - Atlanta Opened
1995 - New England Opens
Charlotte moves to larger facility
1997 - Houston
1999 - Cleveland and Cincinnati
1st nationwide carrier to use a satellite system for nationwide communication beginning in 1991.
Lowest Claims ratio @ 1/2 of 1% for over 25 years.
Employees – 1500+
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