The U.S. trucking company Jevic Transportation Inc. announced it was closing on May 19, 2008.

The CEO, David Gorman, cited the cause as "high fuel costs, economic downturn, increasing insurance costs and tightening credit markets".

Jevic primarily operated in the northeastern U.S. but provided service nationwide and into Canada. The business specialized in truckloads between 1,000 and 30,000 pounds.

1. "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." David Gorman CEO

The U.S. trucking company Jevic Transportation Inc. announced it was closing on May 19, 2008.

The CEO, David Gorman, cited the cause as "high fuel costs, economic downturn, increasing insurance costs and tightening credit markets".

Jevic primarily operated in the northeastern U.S. but provided service nationwide and into Canada. The business specialized in truckloads between 1,000 and 30,000 pounds.

1. Fleet: 1,500 tractors and 2,500 trailers

2. Affiliated with Sun Capital Partners

3. Headquarters: Delanco, New Jersey

4. CEO: David Gorman

5. 2005: 2,500 employees

6. Founded in 1981

7. Went public in 1997

8. Bought by YRC Worldwide Inc. in 1999 for $2 million

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1. "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." David Gorman CEO

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