Floyd & Beasley Transfer
Floyd & Beasley Transfer Company, Inc. was a large trucking company located on Alabama State Highway 21 in Sycamore. It was in business from 1944 to 2010.
The company originated as the C.R. Floyd Company, founded by Cecil Floyd in 1939. In 1944, Floyd partnered with Jule Beasley to purchase another small trucking firm. From its beginnings, the company specialized in serving the textile industry, growing into an interstate common carrier with service to 48 states. In 1950 the company moved from rented quarters to its terminal on Highway 21, later expanding it to 42 acres. It was incorporated in 1953 with Floyd and Beasley as owners. Floyd served as president until his death in 1966. Beasley then took over as president until he sold his share to the Floyd family in 1999.
Cecil's grandson, Jeff Floyd, then took over as president. The firm grew to over 250 employees, operating 175 trucks and 500 trailers. The company filed for Chapter 11 bankruptcy protection in September 2009. When it failed to resuscitate its balance book, a judge ruled for liquidation under Chapter 7. The company, which had pared down to 118 employees, ceased doing business on July 16, 2010.
References
- Hubbard, Russell (September 9, 2009) "Floyd & Beasley files for Chapter 11." Birmingham News
- Quillen, Matt (July 14, 2010) "Company shutting down." The Daily Home
External links
- Floyd & Beasley Transfer website