First, they began to lose their customers…then, their employees. Now, North Bergen distributor Interstate Logistics Inc. plans on shutting down completely.
The company, which has been in business for 32 years, could not compete with the trucking industry’s rising costs and competition from strong companies like Road Scholar Transport.
To make matters worse, International Logistics’ sole customer, JC Penney which has been with them since 2002, did not renew their contract, believing it “more efficient to ship directly from suppliers to our other facilities” (http://www.northjersey.com/news/business/104257489_Feisty_distributor__closing_by_Dec__31.html?c=y&page=1).
The 65 employees still remaining will begin being laid off come November 11, according to NorthJersey.com.
Interstate Logistics Inc. decided to close its doors at the end of the year when JC Penney’s contract is officially up on Dec. 31, turning the engines off of 16 trucks and 80 trailers.
WOW, compare that to a company like Road Scholar Transport who has about 100 tractors and 280 trailers! Luckily, Road Scholar Transport is running full speed with no signs whatsoever of slowing down.
Tags: company, down, employee, freight, Interstate, JC Penney, logistics, North Bergen, road, scholar, shutting, tractor, trailer, transport, truck, trucking
