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Jevic is Sold, Saia Split Off

In an open letter to its customers, Dave Gorman, president and CEO of the hybrid truckload – less than truckload (LTL) carrier says that he expects the transition from SCST to a privately held entity to be a seamless one. He pointed to company strengths including its time-definite and day-definite guaranteed services, heated trailers for true freeze protection and comprehensive hazmat services, among others.

For its part, SCST chairman and CEO, Bert Trucksess, indicated that its board had concluded that Jevic, “has not achieved acceptable levels of profitability for several years, is not core to the long-term direction of the Company and the sale of Jevic is in the best interests of the Company’s shareholders. The Company will now be comprised solely of Saia Motor Freight Line, Inc., our leading multi-regional LTL carrier.”

Since SCST headquarters have been located in Kansas City, MO and Saia is in Duluth, GA, corporate functions will be consolidated at Saia’s headquarters. Trucksess will continue to serve as chairman and CEO through the transition and will become the non-executive chairman after that. Rick O’Dell, the current president of Saia has become president of SCST and will become CEO after the transition period.

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