New Century Sold also???

Discussion in 'Jevic Transportation' started by ha ha harry, Jul 6, 2006.

  1. Friend of the frog

    Friend of the frog Member

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    By who ????
     
  2. imported_gabbydad

    imported_gabbydad Member

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    By a prominent group of shippers in the NY/NJ/PA Metro region. I believe they go by the title "We're A Bunch Of Traffic Managers Who Accept Gratuities In Any From And Are Impressed By Former Truck Drivers Who Start A Company Who Act Like They Walk On Water, And Sell Out Out Employees TWICE And Are Smart Enough To Get Away With It."

    Now I know it's rather long, but I'm pretty sure I got it right.

    Hey Dollar Bill, How 'bout you change your handle to "New Century Transportation Lackey" or "I wish I could drive for New Century so I could smell Harry's Cologne."
     
  3. Dirty White Boy

    Dirty White Boy Member

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    BOO-YAH!! GBD!! (At least $bill's spelling is getting better). Now, maybe if he could work on his:bowdown:, he might be able to move to NC's and join Harry's Heroes; then, he could get the "experience" 1st hand, huh?:spam1:
     
  4. BIG STEVE

    BIG STEVE Member

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    and all you guys don't need a union as your boss treats you good
    wake up call gentlemen
     
  5. Regional1

    Regional1 New Member

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    New Century Sale

    Not to be arguementative but if u go to Jefferies capital partners website they do not
    list New Century as one of their companies.
    They do list the rest of their transportion companies.
     
  6. stldude44

    stldude44 Active Member

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    Regional1,
    Welcome to Truckingboards.
     
  7. imported_gabbydad

    imported_gabbydad Member

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    While it was something to be celebrated regarding the JEvic sales (not to mention that a public entitiy was involved), it is not as great in the marketplace for NC to be trumpeting the saesl.

    First- NC is private, so it never has to be made public.

    2- The founder will appear to be selling out his people if this was publicized.
     
  8. DOLLARBILL

    DOLLARBILL Member

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    that because NC was never sold the jevic boys wish harry will do NC people the same way he did jevic if the price is right ANY company can be sold.
     
  9. imported_gabbydad

    imported_gabbydad Member

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    Exactly any company can be sold. Vitran just bought PJax today.

    Harry sold 70% of NC to Jefferies Capital. Hope you're around when the truth comes out.
     
  10. Driving Proud

    Driving Proud New Member

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    I think Jevic will be around for quite some time. Good source has it that NC is having some big problems of their own keeping drivers and sales is down big time. Like I said a GOOD SOURCE of INFO.
     
  11. mayflower

    mayflower Member

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    Jevic

    Jevic has now sold J1 J2 an the white building They have a 40yr lease locked The sale will give us the drivers a better pay package in Aug. better benefit's an a dept free co. Jevic has no outstanding loans or debts This was just released today
     
  12. mayflower

    mayflower Member

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    jevic


    this will give Jevic more operating capital
     
  13. imported_gabbydad

    imported_gabbydad Member

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    Actually, it wasn't to have more operating capital, it was to pay off all our long term debt. Jevic is now debt free.

    What this does is put us in position to take advantage of any aquisition oppty that presents itself. The lending community will look favorably on our situation.
    1 zero long term debt
    2 blowing away the financial benchmarks set by Sun.

    If you read between the lines, we may one day welcome back some old faces...

    meanwhile, we had a monster tonnage day today!!!! 17.5 mil system wide day b4 end of month!!!!:1036316054:
     
  14. mayflower

    mayflower Member

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    I hope it is what it is and not the beginning of a sell out. It would be a lot easier to sell a trucking co. without all the overhead of the terminals an land. It does sound like they are trying to make thing better. At least I hope thats what they are doing , I would like to retire at Jevic





    i
     
  15. DoorMatt

    DoorMatt Member

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    So what about the 100 new trucks that were allegedly purchased today?
     
  16. imported_gabbydad

    imported_gabbydad Member

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    I don't know enough of the inner workings of finance. But as far as I know about the trucks is that they are part of the plan of running our business. I couldn't tell you where the money came from, etc, but I stand by what I quoted above.

    We're debt free. We paid off all our long term debt.
     
  17. mayflower

    mayflower Member

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    summer

    Ah THe truck is clean the roads are dry an the nights are bright an warm. This is the time of the year I waite for!! Lets hope for a good summer an a safe one
     
  18. imported_gabbydad

    imported_gabbydad Member

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  19. mothertrucker

    mothertrucker Member

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    the new trucks if any will be road unit's or for shuttle work we are not getting any new local trucks just handmedowns:nutkick:
     
  20. jockeyman02

    jockeyman02 New Member

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    wah wah wah:funky:
     

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