Document:

EX-10.2

Exhibit 10.2

SECOND AMENDMENT TO

RESTATED AGENTED REVOLVING CREDIT AGREEMENT

THIS SECOND AMENDMENT TO RESTATED AGENTED REVOLVING CREDIT AGREEMENT (“Amendment”) dated as of
the 30th day of June, 2006, among SCS TRANSPORTATION, INC., a Delaware corporation (the
“Borrower”), and BANK OF OKLAHOMA, N.A., U.S. BANK NATIONAL ASSOCIATION, JPMORGAN CHASE BANK, N.A.
(as successor by merger to Bank One, NA), HARRIS N.A. (as successor by merger to HARRIS TRUST AND
SAVINGS BANK) and LASALLE BANK NATIONAL ASSOCIATION (individually a “Bank” and collectively the
“Banks”), and BANK OF OKLAHOMA, N.A., as agent for the Banks (in such capacity the “Agent”).

RECITALS

A. Reference is made to the Restated Agented Revolving Credit Agreement dated January 31,
2005, and amended April 29, 2005, among Borrower, Agent and Banks (as amended, the “Credit
Agreement”) pursuant to which a $110,000,000 Revolving Credit Loan was established. Terms used
herein shall have the meanings ascribed to them in the Credit Agreement unless otherwise defined.

B. Borrower has notified Banks and Agent that it intends to sell 100% of the common stock of
Jevic Transportation, Inc., and Banks and Agent have agreed to approve and acknowledge such sale,
subject to the terms and conditions set forth below.

AGREEMENT

1. Amendments to the Credit Agreement.

1.1. Section 1.01(18) is hereby deleted and replaced with the following:

“(18) “EBIT” means, for any period, EBITDAR excluding (i) provisions
for depreciation and amortization and (ii) Rental Expense, but excluding any
depreciation, amortization or rental expense from Discontinued Operations.”

1.2. Section 1.01(20) is hereby deleted and replaced with the following:

“(20) “EBITDAR” means, for any period, the sum of Net Income from Continuing
Operations plus, to the extent deducted in the determination of Net Income
from Continuing Operations, (i) all provisions for federal, state and other income
tax of the Borrower and its Subsidiaries (ii) Interest Expense, and (iii) provisions
for depreciation and amortization and (iv) Rental Expense, excluding (a) any
gains or losses resulting from the sale, conversion or other disposition of capital
assets (i.e., assets other than current assets), (b) any gains resulting from the
write-up of assets, (c) any earnings of any Person acquired by the Borrower or any
Subsidiary through purchase, merger or consolidation or otherwise for any period
prior to the date of acquisition, (d) any deferred credit representing the excess of
equity in any such Subsidiary at the date of acquisition over the cost of the
investment in such Subsidiary, (e) any gains or losses from the acquisition of
securities or the retirement or extinguishment of Indebtedness, (f) any gains on
collections from the proceeds of insurance policies or settlements, (g) any
restoration to income of any Contingency Reserve, except to the extent that
provision for such reserve was made out of income accrued during such period, (h)
any income, gain or loss during such period from any discontinued operations or the
disposition thereof, from any extraordinary items or from any prior period
adjustments, and (i) any equity of the Borrower or any Subsidiary in the
undistributed earnings (but not losses) of any corporation or other entity which is
not a Subsidiary of the Borrower, which in the aggregate will be deducted only to
the extent they are positive, adjusted for minority interests in Subsidiaries.”

1.3. Section 1.01(30) is hereby deleted and replaced with the following:

“(30) “Guarantor” means Saia Motor Freight Line, Inc. (“Saia”), a Louisiana
corporation.”

1.4. Section 1.01(31) is amended to evidence that the Restated Guaranty Agreement of
Jevic Transporation, Inc., attached to the Credit Agreement as Schedule
“1.01(29)(a)”, is hereby terminated (as set forth in Section 3 hereof), and the defined
term “Guaranty” shall now mean only the Restated Guaranty Agreement of Saia Motor Freight
Line, Inc.

1.5. Section 1.01(55) is hereby deleted and replaced with the following:

“(55) “Operating Lease” means any lease of any property (whether real, personal
or mixed) which is not a Capital Lease, excluding operating leases from Discontinued
Operations.”

1.6. Section 1.01(69) is hereby deleted and replaced with the following:

“(69) “Rental Expense” means with reference to any period, the aggregate
amount of all payments for rent or additional rent (including all payments for taxes
and insurance made directly to the lessor, but excluding payments for maintenance,
repairs, alterations, construction, demolition and the like and rents of
Discontinued Operations) for which the Borrower or Subsidiaries are directly or
indirectly liable (as lessee or as guarantor or other surety) under all Operating
Leases in effect at any time during such period.”

1.7. Section 1.01(70) is hereby deleted and replaced with the following:

“(70) “Rental Obligations” means with reference to any period, the aggregate
amount of all future payments for rent or additional rent (including all payments
for taxes and insurance made directly to the lessor, but excluding payments for
maintenance, repairs, alterations, construction, demolition and the like) for which
the Borrower or Subsidiaries are directly or indirectly liable (as lessee or as
guarantor or other surety) under all Operating Leases in effect at such period end
that are not cancelable, excluding lease obligations from Discontinued Operations.”

1.8. New Sections 1.01(89) and 1.01(90) are hereby added, as follows:

“(89) “Discontinued Operations” means, upon duly authorized plan of the Board
of Directors of Borrower, the assets, liabilities, income or loss resulting from the
sale of 100% of the common stock of Jevic Transportation, Inc., determined in
accordance with GAAP.

(90) “Net Income from Continuing Operations” means Net Income resulting from
operations of Borrower that continue to exist subsequent to the closing of the sale
of 100% of the common stock of Jevic Transportation, Inc.”

1.9. Section 6.01(4) is hereby deleted and replaced with the following:

“(4) Tangible Net Worth. The Borrower will not permit Tangible Net Worth at
any time to be less than $180,000,000 plus the sum of (i) 75% of positive
Net Income from Continuing Operations in each fiscal quarter commencing with the
fiscal quarter ended June 30, 2006, and (ii) 75% of the Net Proceeds from the
issuance and sale of equity securities after the date hereof, plus income or minus
loss from Discontinued Operations commencing with the fiscal quarter ended June 30,
2006 minus the total amount paid by Borrower for the repurchase of its
 shares after June 30, 2006, up to $25,000,000.”

1.10. A new Section 6.04(9) is hereby added, as follows:

“(9) the repurchase of shares of stock of Borrower.”

2. Waiver of Default. Agent, on behalf of the Banks and with the approval of the Majority
Banks, hereby waives any Default or Event of Default under Sections 5.06, 6.05, 6.07, 6.11, 6.13
and 7.01(15) which might occur as a result of the sale of 100% of the common stock of Jevic
Transportation, Inc. This waiver shall not preclude any other or further declaration of a Default
or Event of Default by Banks, or the exercise of any other right, power, or remedy hereunder.

3. Release and Termination of Restated Guaranty. The Banks hereby (a) fully release and
discharge Jevic from all of its duties and obligations under its Restated Guaranty including, but
not limited to, Jevic’s obligation, either jointly or severally, to pay, and all other liabilities
in respect of, the Obligations or any other obligation arising under the Restated Guaranty, the
Agreement and the Loan Documents and, (b) terminates the Restated Guaranty, insofar as Jevic is a
party thereto and (c) acknowledges and agrees that Jevic is no longer a “Subsidiary Guarantor” or a
“Guarantor” under the Loan Documents as each such term is used and defined therein.

4. Conditions Precedent. The obligations of the Banks to perform under the Credit
Agreement, as amended hereby, are subject to Borrower’s execution and/or delivery of the following:

4.1. This Amendment; and

4.2. Any other documents or agreements reasonably requested by Lender.

5. Representations and Warranties. The Borrower hereby (i) ratifies and confirms all
representations and warranties set forth in the Credit Agreement and all other Loan Documents, and
(ii) represents and warrants that no Event of Default has occurred and is continuing.

6. Ratification. Borrower hereby ratifies and confirms the Credit Agreement and all other
Loan Documents, and agrees that they remain in full force and effect.

7. Ratification of Guaranty. Guarantor, Saia Motor Freight Line, Inc., by execution
hereof, hereby acknowledges and agrees that its Guaranty Agreement remains in full force and
effect, as evidenced by the Ratification attached hereto.

8. Governing Law. This Amendment shall be governed by, and construed in accordance with,
the laws of the State of Oklahoma.

9. Multiple Counterparts. This Amendment may be executed in any number of counterparts,
and by different parties to this Amendment in separate counterparts, each of which when so executed
shall be deemed to be an original and all of which taken together shall constitute one and the same
agreement.

10. Costs, Expenses and Fees. Borrower agrees to pay all costs, expenses and fees incurred
by Agent in connection herewith, including without limitation the reasonable attorney fees of
Riggs, Abney, Neal, Turpen, Orbison and Lewis.

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed by their
respective officers thereunto duly authorized, as of the date first written.

[Signature Pages Follow]

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SCS TRANSPORTATION, INC.

By: /s/ James J. Bellinghausen

James J. Bellinghausen, Vice President

Finance, Chief Financial Officer and Secretary

4435 Main Street, Suite 930

Kansas City, Missouri 64111

Attention:

Phone: (816) 714-5904

Facsimile: (816) 714-5920

E-mail: jbellinghausen@scstransportation.com

2

BANK OF OKLAHOMA, N.A., as a Bank and as Agent

By: /s/ Brian Puckett

Brian Puckett, Senior Vice President

Principal Office and Lending Office for Prime and
LIBOR Loans:

Bank of Oklahoma Tower

P.O. Box 2300

Tulsa, Oklahoma 74192

Attention: Brian Puckett

Phone: (918) 588-6230

Facsimile: (918) 295-0400

E-mail: bpuckett@bokf.com

3

U.S. BANK NATIONAL ASSOCIATION

By: /s/ Michael Reymann

Michael Reymann,

Senior Vice President

Principal Office and Lending Office for Prime Loans
and LIBOR Loans:

800 Nicollet Mall

Minneapolis, Minnesota 55402

Attention: Michael Reymann

Phone: (612) 303-3781

Facsimile: (612) 303-2264

E-mail: michael.reymann@usbank.com

4

JPMORGAN CHASE BANK, N.A. (as successor by merger to

Bank One, NA)

By: Linda L. Kaiser

Linda L. Kaiser, First Vice President

Principal Office and Lending Office for Prime Loans
and LIBOR Loans:

111 Monument Circle, IN1-0048

Indianapolis, Indiana 46277

Attention: Linda L. Kaiser

Phone: (317) 321-8609

Facsimile: (317) 592-5270

E-mail: linda_kaiser@bankone.com

5

HARRIS N.A. (as successor by merger to HARRIS TRUST
AND SAVINGS BANK)

By: /s/ Patrick McDonnell 

Patrick McDonnell, Managing Director

Principal Office and Lending Office for Prime Loans
and LIBOR Loans:

111 West Monroe, 10-W

Chicago, Illinois 60603

Attention: William Thomson

Phone: (312) 461-3879

Facsimile: (312) 461-5225

E-mail: william.thomson@harrisnesbitt.com

6

LASALLE BANK

NATIONAL ASSOCIATION

By /s/ David J. Thomas

David J. Thomas, Senior Vice President

Principal Office and Lending Office for Prime Loans
and LIBOR Loans:

135 South LaSalle Street, Suite 1425

Chicago, IL 60603

Attention: Wanda Williams

Phone: (312) 904-0895

Fax: (312) 904-6373

E-mail: wanda.williams@abnamro.com

7

 RATIFICATION

As inducement for the Banks and the Agent to enter into the Second Amendment to Restated
Agented Revolving Credit Agreement (“Amendment”) dated      , 2006, to which this
Ratification is affixed, the undersigned Guarantor hereby ratifies and confirms its Guaranty
Agreement.

“Guarantor”

SAIA MOTOR FREIGHT LINE, INC.

By /s/ James A. Darby

James A. Darby, Secretary

8EX-10.3

Exhibit 10.3

EXECUTION COPY

AMENDMENT NO. 3

AND LIMITED CONSENT AND WAIVER

to

MASTER SHELF AGREEMENT

As of June 30, 2006

Prudential Investment Management, Inc. (“Prudential”)

The Prudential Insurance Company

of America (“PICA”)

Pruco Life Insurance Company

Reliastar Life Insurance Company

Southland Life Insurance Company

Each Prudential Affiliate (as defined herein)

which becomes bound by certain provisions of the

Agreement as hereinafter provided (together with

each above-named entity, the “Purchasers”)

c/o Prudential Capital Group

2200 Ross Avenue, Suite 4200E

Dallas, Texas 75201

Ladies and Gentlemen:

We refer to the Master Shelf Agreement dated as of September 20, 2002, as amended by the
Amendment No. 1 to Master Shelf Agreement dated as of April 21, 2005 and Amendment No. 2 to Master
Shelf Agreement dated as of April 29, 2005 (as further amended, restated, supplemented or otherwise
modified from time to time, including by this Amendment, the “Agreement”) among SCS Transportation,
Inc. (the “Company”), Prudential, PICA, Pruco Life Insurance Company, Reliastar Life Insurance
Company and Southland Life Insurance Company. Unless otherwise defined in this Letter Amendment
No. 3 and Limited Consent and Waiver to Master Shelf Agreement (this “Amendment”), the terms
defined in the Agreement shall be used herein as therein defined.

The Company desires to amend certain provisions of the Agreement. Subject to the terms and
conditions specified herein, Prudential and each holder of Notes is willing to agree to such
amendments and to provide such consent and waiver, as more particularly set forth herein.
Accordingly, Prudential and each holder of Notes hereby agrees with the Company to amend the
Agreement as set forth in paragraph 1 below and to provide the requested consent and waiver as set
forth in paragraph 2 below, effective as of the Amendment Effective Date (as defined in paragraph 4
below).

1. Amendments to the Agreement.

(a) Amendment to paragraph 6A(4). Paragraph 6A(4) of the Agreement is hereby amended
and restated in its entirety as follows:

6A(4) Tangible Net Worth. The Company will not permit Tangible Net Worth at any time to be
less than $180,000,000 plus the sum of (i) 75% of positive Net Income from Continuing
Operations in each fiscal quarter commencing with the fiscal quarter ended June 30, 2006, and (ii)
75% of the Net Proceeds from the issuance and sale of equity securities after the date hereof, plus
income or minus loss from Discontinued Operations commencing with the fiscal quarter ended June 30,
2006 minus the total amount paid by the Company for the repurchase of its shares after June
30, 2006, up to $25,000,000.

(b) Amendment to paragraph 6C(3). Paragraph 6C(3) of the Agreement is hereby amended
by amending and restating clause (ix) thereof in its entirety as follows:

“(ix) the repurchase of shares of stock of the Company.”

(c) Amendments to paragraph 10B (Other Terms). (i) Paragraph 10B of the Agreement is
hereby amended by deleting the definitions of “EBIT”, “EBIDTAR”, “Operating Lease”, “Rental
Expense”, “Rental Obligations” and “Subsidiary Guarantor” contained therein and restating them in
their entirety as follows:

“EBIT” means, for any period, EBITDAR excluding (i) provisions for depreciation and
amortization and (ii) Rental Expense, but excluding any depreciation, amortization or rental
expense from Discontinued Operations.

“EBITDAR” means, for any period, the sum of Net Income from Continuing Operations plus, to the
extent deducted in the determination of Net Income from Continuing Operations, (i) all provisions
for federal, state and other income tax of the Company and its Subsidiaries (ii) Interest Expense,
and (iii) provisions for depreciation and amortization and (iv) Rental Expense, excluding (a) any
gains or losses resulting from the sale, conversion or other disposition of capital assets (i.e.,
assets other than current assets), (b) any gains resulting from the write-up of assets, (c) any
earnings of any Person acquired by the Company or any Subsidiary through purchase, merger or
consolidation or otherwise for any period prior to the date of acquisition, (d) any deferred credit
representing the excess of equity in any such Subsidiary at the date of acquisition over the cost
of the investment in such Subsidiary, (e) any gains or losses from the acquisition of securities or
the retirement or extinguishment of Indebtedness, (f) any gains on collections from the proceeds of
insurance policies or settlements, (g) any restoration to income of any Contingency Reserve, except
to the extent that provision for such reserve was made out of income accrued during such period,
(h) any income, gain or loss during such period from any discontinued operations or the disposition
thereof, from any extraordinary items or from any prior period adjustments, and (i) any equity of
the Company or any Subsidiary in the undistributed earnings (but not losses) of any corporation or
other entity which is not a Subsidiary of the Company, which in the aggregate will be deducted only
to the extent they are positive, adjusted for minority interests in Subsidiaries.

“Operating Lease” means any lease of any property (whether real, personal or mixed) which is
not a Capital Lease, excluding operating leases from Discontinued Operations.

“Rental Expense” means with reference to any period, the aggregate amount of all payments for
rent or additional rent (including all payments for taxes and insurance made directly to the
lessor, but excluding payments for maintenance, repairs, alterations, construction, demolition and
the like and rents of Discontinued Operations) for which the Company or Subsidiaries are directly
or indirectly liable (as lessee or as guarantor or other surety) under all Operating Leases in
effect at any time during such period.

“Rental Obligations” means with reference to any period, the aggregate amount of all future
payments for rent or additional rent (including all payments for taxes and insurance made directly
to the lessor, but excluding payments for maintenance, repairs, alterations, construction,
demolition and the like) for which the Company or Subsidiaries are directly or indirectly liable
(as lessee or as guarantor or other surety) under all Operating Leases in effect at such period end
that are not cancelable, excluding lease obligations from Discontinued Operations.

“Subsidiary Guarantor” shall mean Saia and each other Subsidiary of the Company that has
executed the Subsidiary Guaranty Agreement or a Guarantor Supplement in the form attached to the
Subsidiary Guaranty Agreement.

(ii) Paragraph 10B of the Agreement is hereby further amended by adding the following new
definitions in the appropriate alphabetical order:

“Discontinued Operations” means, upon duly authorized plan of the Board of Directors of the
Company, the assets, liabilities, income or loss resulting from the sale of 100% of the common
stock of Jevic, determined in accordance with GAAP.

“Net Income from Continuing Operations” means Net Income resulting from operations of the
Company that continue to exist subsequent to the closing of the sale of 100% of the common stock of
Jevic.

2. Limited Consent and Waiver. Notwithstanding the provisions of paragraphs 5G, 6C(4), 6C(6),
6D, 6F and 7A(xv) of the Agreement, Prudential and each holder of Notes hereby consents to the sale
of 100% of the common stock of Jevic and waives any Event of Default that would arise as the result
of such sale.

3. Representations and Warranties. In order to induce Prudential and the holders of Notes to
enter into this Amendment, the Company hereby represents and warrants as follows:

(a) Each of the representations and warranties contained in paragraph 8 of the Agreement is
true and correct on and as of the Amendment Effective Date, except to the extent that such
representations and warranties specifically refer to an earlier date, in which case they shall be
true and correct as of such earlier date.

(b) On and as of the Amendment Effective Date, both immediately before and after giving effect
to this Amendment, no Event of Default exists under the Agreement.

4. Effectiveness. This Amendment shall become effective as of the date first above written
(the “Amendment Effective Date”) upon receipt by Prudential of each of the following:

(a) a counterpart of this Amendment, duly executed and delivered by the Company;

(b) execution of the Consent attached hereto by Saia;

(c) an executed copy of an amendment to the Restated Agented Revolving Credit Agreement
containing amendments substantially the same as those contained herein; and

. (d) payment by the Company of all expenses of the Purchasers related to this Amendment and all
matters contemplated hereby, including, without limitation, all fees and expenses of the
Purchasers’ special counsel.

5. Miscellaneous.

(a) Effect on Agreement. On and after the Amendment Effective Date, each reference in the
Agreement to “this Agreement”, “hereunder”, “hereof”, or words of like import referring to the
Agreement and each reference in the Notes and all other Note Documents to “the Agreement”,
“thereunder”, “thereof”, or words of like import referring to the Agreement shall mean the
Agreement as amended by this Amendment. The Agreement, as amended by this Amendment, is and shall
continue to be in full force and effect and is hereby in all respects ratified and confirmed. The
execution, delivery and effectiveness of this Amendment shall not operate as a waiver of any right,
power or remedy under the Agreement nor constitute a waiver of any provision of the Agreement.
Without limiting the generality of the foregoing, nothing in this Amendment shall be deemed (i)
except as expressly provided herein, to constitute a waiver of compliance or consent to
non-compliance by the Company or any other Person with respect to any term, provision, covenant or
condition of the Agreement or any other Note Document; or (ii) to prejudice any right or remedy
that any holder of Notes may now have or may have in the future under or in connection with the
Agreement or any other Note Document.

(b) Counterparts. This Amendment may be executed in any number of counterparts (including
those transmitted by telecopy or electronic transmission) and by any combination of the parties
hereto in separate counterparts, each of which counterparts shall be an original and all of which
taken together shall constitute one and the same Amendment. Delivery of this Amendment may be made
by telecopy or electronic transmission of a duly executed counterpart copy hereof; provided
that any such delivery by electronic transmission shall be effective only if transmitted in .pdf
format, .tif format or other format in which the text is not readily modifiable by any recipient
thereof.

(c) Expenses. The Company confirms its agreement, pursuant to paragraph 11B of the Agreement,
to pay promptly all out-of-pocket expenses of each holder of Notes related to the preparation,
negotiation, reproduction, execution and delivery of this Amendment and all matters contemplated
hereby and thereby, including without limitation all fees and out-of-pocket expenses of such
holder’s special counsel.

(d) Governing Law. THIS AMENDMENT SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH, AND THE
RIGHTS OF THE PARTIES SHALL BE GOVERNED BY, THE LAW OF THE STATE OF NEW YORK.

(e) Affirmation of Obligations. Notwithstanding that such consent is not required under the
Guaranty Agreement, the Subsidiary Guarantor consents to the execution and delivery of this
Amendment by the parties hereto. As a material inducement to the undersigned to amend the
Agreement as set forth herein, the Subsidiary Guarantor (i) acknowledges and confirms the
continuing existence, validity and effectiveness of the Subsidiary Guaranty Agreement and (ii)
agrees that the execution, delivery and performance of this Amendment shall not in any way release,
diminish, impair, reduce or otherwise affect its obligations thereunder.

(f) FINAL AGREEMENT. THIS AMENDMENT, TOGETHER WITH THE AGREEMENT AND THE OTHER NOTE
DOCUMENTS, REPRESENTS THE FINAL AGREEMENT BETWEEN THE PARTIES AND MAY NOT BE CONTRADICTED BY
EVIDENCE OF PRIOR, CONTEMPORANEOUS, OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO
UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES.

{Remainder of this page blank; signature page follows.}

1

If you agree to the terms and provisions hereof, please evidence your agreement by
executing and returning at least one counterpart to the Company at One Main Plaza, 4435 Main
Street, Kansas City, MO 64111, Attention: Chief Financial Officer.

Very truly yours,

SCS TRANSPORTATION, INC.

By:_/s/ James J. Bellinghausen     

Name: James J. Bellinghausen

Title: Vice President — Finance

Agreed to as of the Amendment Effective Date:

PRUDENTIAL INVESTMENT MANAGEMENT, INC.

By:     /s/ B. Lemmons_     

Vice President

THE PRUDENTIAL INSURANCE COMPANY

OF AMERICA

By:     /s/ B. Lemmons_     

Vice President

PRUCO LIFE INSURANCE COMPANY

By:     /s/ B. Lemmons_     

Vice President

RELIASTAR LIFE INSURANCE COMPANY

	 	 	 
	By:

	 	Prudential Private Placement Investors, L.P.

(as Investment Advisor)
	 
	 	 
	By:

	 	Prudential Private Placement Investors, Inc.

(as its General Partner)

By:     /s/ B. Lemmons_     

Vice President

SOUTHLAND LIFE INSURANCE COMPANY

	 	 	 
	By:

	 	Prudential Private Placement Investors, L.P.

(as Investment Advisor)
	 
	 	 
	By:

	 	Prudential Private Placement Investors, Inc.

(as its General Partner)

By:     /s/ B. Lemmons_     

Vice President

2

CONSENT

The undersigned, as a Subsidiary Guarantor under the Guaranty Agreement dated as of September
20, 2002 (the “Guaranty”) in favor of the holders from time to time of the Notes issued pursuant to
the Agreement referred to in the foregoing Amendment No. 3 and Limited Consent and Waiver to Master
Shelf Agreement (the “Amendment”), herby consent to the Amendment and hereby confirm and agree
that, notwithstanding the effectiveness of the Agreement, the Guaranty is, and shall continue to
be, in full force and effect with respect to the undersigned and is hereby confirmed and ratified
in all respects.

SAIA MOTOR FREIGHT LINE, INC.

	 	 	 
	By:

	 	/s/ James A. Darby
	
 
	 	 
	
 
	 	Name: James A. Darby

Title: Secretary

3

PARTIAL RELEASE OF GUARANTY

THIS PARTIAL RELEASE OF GUARANTY (this “Release”), dated as of June 30, 2006, is made
by the undersigned (collectively, the “Purchasers”), in favor of Jevic Transportation, Inc.
(“Jevic”).

RECITALS:

A. SCS Transportation, Inc. (the “Company”), and the Purchasers are parties to that
certain Master Shelf Agreement dated as of September 20, 2002 (as from time to time amended,
supplemented, restated, or otherwise modified, the “Shelf Agreement”; capitalized terms
used but not defined herein shall have the meanings given them in the Shelf Agreement).

B. Jevic is a party to that certain Guaranty Agreement dated as of September 20, 2002 (as from
time to time amended, supplemented, restated, or otherwise modified, the “Guaranty”),
pursuant to which Jevic guaranteed the Guaranteed Obligations (as defined in the Guaranty).

C. The Company desires to have Jevic released and discharged from all of its obligations and
duties as a Subsidiary Guarantor under the Note Documents.

NOW THEREFORE, pursuant to the terms of the Shelf Agreement and with intent to be legally
bound hereby and for other good and valuable consideration, the receipt and sufficiency of which is
hereby acknowledged, the Purchasers hereby agree as follows:

SECTION 1. Termination and Release. The Purchasers hereby (a) fully release and
discharge Jevic from all of its duties and obligations under the Guaranty including, but not
limited to, Jevic’s obligation, either jointly or severally, to pay, and all other liabilities in
respect of, the Guaranteed Obligations or any other obligation arising under the Shelf Agreement or
any other Note Document, (b) terminates the Guaranty, insofar as Jevic is a party thereto and (c)
acknowledges and agrees that Jevic is no longer a “Subsidiary Guarantor” or a “Guarantor” under the
Note Documents as each such term is used and defined therein.

SECTION 2. Further Assurances. The Purchasers hereby agree that they shall, from time
to time, at the sole cost and expense of the Person requesting such action, execute, acknowledge
and deliver to Jevic such instruments, agreements, and other documents as Jevic shall reasonably
request in order to further evidence the releases and discharges described in Section 1
above.

SECTION 3. Governing Law. This Release shall be governed by and construed in
accordance with the laws of the State of New York.

SECTION 4. Counterparts. This Release may be executed in any number of counterparts,
each of which shall be an original, but all of which, taken together, shall constitute one and the
same document. Delivery of this Release may be made by telecopy or electronic transmission of a
duly executed counterpart copy hereof; provided that any such delivery by electronic
transmission shall be effective only if transmitted in .pdf format, .tif format or other format in
which the text is not readily modifiable by any recipient thereof.

[Remainder of Page Intentionally Left Blank; Signature Page Follows]

4

IN WITNESS WHEREOF, the undersigned have caused this Release to be executed as of the
date first above written.

PRUDENTIAL INVESTMENT MANAGEMENT, INC.

By:     /s/ B. Lemmons     

Vice President

THE PRUDENTIAL INSURANCE COMPANY

OF AMERICA

By:     /s/ B. Lemmons     

Vice President

PRUCO LIFE INSURANCE COMPANY

By:     /s/ B. Lemmons     

Vice President

RELIASTAR LIFE INSURANCE COMPANY

	 	 	 
	By:

	 	Prudential Private Placement Investors, L.P.

(as Investment Advisor)
	 
	 	 
	By:

	 	Prudential Private Placement Investors, Inc.

(as its General Partner)

By:     /s/ B. Lemmons     

Vice President

SOUTHLAND LIFE INSURANCE COMPANY

	 	 	 
	By:

	 	Prudential Private Placement Investors, L.P.

(as Investment Advisor)
	 
	 	 
	By:

	 	Prudential Private Placement Investors, Inc.

(as its General Partner)

By:     /s/ B. Lemmons     

Vice President

5

ACKNOWLEDGMENT

As an inducement to the Purchasers to execute and deliver this Release, the undersigned hereby
(i) acknowledges that it has received this Release and consents to the foregoing and (ii) agrees
that the execution and delivery of this Release shall not in any manner discharge, affect, or
impair the liability of such Person for the Guaranteed Obligations. This Acknowledgment shall be
binding upon the undersigned, and its successors and assigns, and shall inure to the benefit of the
Purchasers, and their respective successors and assigns.

EXECUTED as of the date first above written.

SAIA MOTOR FREIGHT LINE, INC.

	 	 	 
	By:

	 	/s/ James J. Bellinghausen
	
 
	 	 
	
 
	 	Name: James J. Bellinghausen

Title: Assistant Secretary
	 
	 	 

6

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