| Founded | 1948 |
|---|---|
| Defunct | 2000 |
| Fate | Merged withOcean Group plc |
| Successor | Exel |
| Headquarters | , England |
Key people | Christopher Bland (Chairman) Gerry Murphy (CEO) |
TheNational Freight Corporation was a major British transport business between 1948 and 2000. It was listed on theLondon Stock Exchange and at one time, as NFC plc, was a constituent of theFTSE 100 Index.
The company was established in 1948 asBritish Road Services (BRS). It was the road transport company formed by thenationalisation of Britain's road haulage industry, under theBritish Transport Commission, as a result of theTransport Act 1947.[1]
From 1963, the company was administered by theTransport 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 inFreightliner was transferred from theBritish 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 theNational Freight Consortium in one of the firstprivatisations ofstate-owned industry.[12][13] The new company was first listed on theLondon Stock Exchange in 1989 and subsequently becameNFC plc.
BRS Parcels was rebranded asRoadline and was sold in amanagement buy-out asLynx Express in 1997.[1] NFC disposed of Pickfords in 1999 toAllied Van Lines.[14]
In 2000, NFC plc merged withOcean Group plc to formExel plc.[14]
| International | |
|---|---|
| National | |
