INDUSTRY NEWS FROM VHI TRANSPORT
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One of the top for-hire carriers succumbed
to the ills ravishing the trucking industry. Truckload
and less-than-truckload carrier Jevic Transportation announced on
Monday that it is discontinuing operations immediately. No
more pick-ups will be made, although shipments already in the system
will be delivered.
In a succinct note to customers on the company website, CEO David
Gorman stated, "The current high fuel costs, economic downturn,
increasing insurance costs, and tightening credit markets have made
this decision necessary."
Earlier this month, truckers marched on Washington to bemoan the
impact of high fuel prices on their business, warning that some
would have to go out of business if things did not improve.
This could be a trend-setting dramatic move . Jevic
was ranked last year as one of the 100 top American and Canadian
carriers by
Transport Topics magazine.
This move will have a major domino effect throughout the freight
logistics industry. VHI began early Monday morning
taking steps to protect our customers and assure that shipments
would be accommodated.
This is when you can really appreciate having VHI Transport in your
corner. As a third party logistics provided, we have the
knowledge, the connections and the relationships to provide valuable
professional assistance in emergency situations and as standard
practice for your freight management.
A REMINDER that Memorial Day is Monday, May 26 - earlier than usual
this year. Be sure to take that into consideration with your
freight management this week and next.
If we can be of assistance in any way, just email or give us a call. |
Copyright © VHI Transport. -- 2008