Jevic Transportation Inc., a closely held U.S. trucking company, is shutting down as the industry grapples with record-high diesel prices & slumping freight demand in a weakened U.S. economy.

The chief executive officer & president David H. Gorman said, “High fuel costs, economic downturn, increasing insurance costs & tightening credit markets. We greatly appreciate the loyalty of our many Jevic customers”.