From Wikipedia, the free encyclopedia
The
National Freight Corporation
was a major British transport business between 1948 and 2000. It was listed on the
London Stock Exchange
and at one time, as NFC plc, was a constituent of the
FTSE 100 Index
.
History
[
edit
]
BRS liveried trucks
The company was established in 1948 as
British Road Services
(BRS). It was the road transport company formed by the
nationalisation
of Britain's road haulage industry, under the
British Transport Commission
, as a result of the
Transport Act 1947
.
[1]
From 1963, the company was administered by the
Transport Holding Company
and had four main operating areas: British Road Services, BRS Parcels,
Pickfords
and Containerway & Roadferry.
On 1 January 1969, it was renamed the National Freight Corporation.
[2]
[3]
[4]
On the same date a 51% share in
Freightliner
was transferred from the
British Railways Board
(BRB).
[5]
This was transferred back to the BRB on 1 August 1978.
[6]
[7]
[8]
[9]
In 1980, the assets of the National Freight Corporation were transferred to the National Freight Company.
[10]
[11]
In 1982, the company was sold to its employees as the
National Freight Consortium
in one of the first
privatisations
of
state-owned industry
.
[12]
[13]
The new company was first listed on the
London Stock Exchange
in 1989 and subsequently became
NFC plc
.
BRS Parcels was rebranded as
Roadline
and was sold in a
management buy-out
as
Lynx Express
in 1997.
[1]
NFC disposed of Pickfords in 1999 to
Allied Van Lines
.
[14]
In 2000, NFC plc merged with
Ocean Group plc
to form
Exel plc
.
[14]
References
[
edit
]
Further reading
[
edit
]
- E.J. Gubbins (2003).
Managing Transport Operations
. Kogan Page.
ISBN
978-0-7494-3928-6
.
- Bonavia, Michael R. (1987).
The Nationalisation of British Transport: The Early History of the British Transport Commission, 1948-53
. London: Macmillan Press, Ltd.
ISBN
0333419006
.