Link copied to clipboard
Sun Capital shuts Jevic trucking
Innovative trucking firm Jevic Transportation Co., Delanco, has shut down, citing high fuel and operating costs, idling 1,900 at Burlington County's biggest blue-collar employer.
Innovative trucking firm Jevic Transportation Co., Delanco, has closed, citing higher costs. The shutdown idles 1,900 at Burlington County's biggest blue-collar employer (that count according to the county's last bond prospectus in March). Inquirer story here. Release here.
That's just a month after Jevic announced new "investments" and changes to its business model. Release here.
Jevic is owned by Sun Capital Partners of Boca Raton, one of the private-equity outfits that's been looking to buy one of Camden County's biggest employers, Shapes/Arch Holdings.