American Van
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From
Wikipedia, the free encyclopedia
North American Van Lines, or NAVL, is a large, United States
based trucking company originally formed in Cleveland, Ohio and later based
in Fort Wayne, Indiana, which specializes in home and office removals.
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History
North American Van Lines was established in 1933 by a group of 12 agents. By
1938 the network expanded to 120 agents, and with time, it grew into one of
the largest trucking companies.[1]
In 1947, NAVL moved from Cleveland, Ohio to Fort Wayne, Indiana. [2] [1]
In 1952 NAVL became an international company, with the addition of its
International Transportation Service business.[1]
In 1959 NAVL bought Creston Transfer, moving new furniture, fixtures, and
similar household goods throughout the US. This New Product Division was
later renamed Commercial Transport in 1981.[1]
Beginning in late 1964 NAVL created its High Value Products Division (HVPD),
which later was bought out and taken private as an independent company named
Specialized Transportation Inc. The original division began with 20 drivers
from the NAVL Exhibit and Display Division, and moved high value electronics
for defense installations, contracted by Control Data Corporation, IBM and
the computer division of General Electric.[1]
On May 10, 1966 NAVL created its subsidiary Transtar Services, Inc. in
Brentwood, TN. Transtar Services supported a group of rail and water
carriers of fuel, raw materials and steel freight around the Great Lakes, as
wholly-owned transportation subsidiaries of United States Steel Corporation,
now USX Corporation (NYSE: X). In December 1988 the companies were organized
as the USX subsidiary, Transtar, Inc.[3] [4]
PepsiCo
On July 5, 1966 Spedco Inc., a subsidiary of PepsiCo Inc. (NYSE: PEP),
applied to the Interstate Commerce Commission to purchase NAVL for about
US$22 million in PepsiCo stock.
On August 29, 1967 the ICC examiner recommended the acquisition of NAVL by
Spedco Inc.
On November 27, 1968 NAVL was acquired by Spedco Inc., which had Kenneth W.
Maxfield as its Executive Vice President.
Then by June 1969, North American Van Lines Inc. was fully acquired by
PepsiCo through PepsiCo's already existing subsidiary, Spedco Inc.[1]
On January 1, 1970 NAVPAC was merged into NAVL.[5]
In 1975 NAVL started its Air Freight Division.[1]
In 1977, Kenneth W. Maxfield was promoted to President of the NAVL
subsidiary. Also that year, NAVL became the secret transporter of the King
Tutankhamen treasures from Egypt during the North American tour.[1]
In 1978 NAVL headquarters in Fort Wayne, Indiana moved to the new building
location, spread across 121 acres (0.49 km2), with an indoor training
facility, a 14 acre safe track, and fleet services repair shop.[1]
In 1979 NAVL moved to the top of the list among the six largest van
lines.[1]
In 1983 the High Value Products division became NAVL's third division to
exceed the US$100 million annual revenue milestone.[1]
By April 1984, North American Van Lines Inc. was put up for sale by PepsiCo. |
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American Van
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North
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