High fuel, insurance prices and a slumping economy has forced the Delanco, NJ-based carrier Jevic Transportation to shut down operations.
The less-than-truckload carrier has more than 1,100 trucks and more than 1,200 drivers.
In a press release on the company Web site, president David Gorman stated that Jevic stopped accepting shipments on Monday, May 19. The company will deliver anything that’s already in the pipeline before closing down completely.
Employees who had insurance through the company lost their insurance effective Monday, according to a letter to employees.
The former SCS Transportation Inc., which was based in Kansas City, MO, sold Jevic in 2006 to an affiliate of Sun Capital Partners Inc., a private investment firm.