Floyd & Beasley Transfer

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Floyd & Beasley Transfer was a large trucking company in Sycamore which was in business from 1944 to 2010. It originated as the C.R. Floyd Company, founded by Cecil Floyd in 1938. In 1944, Floyd partnered with Jule Beasley. From its beginnings, the company specialized in serving the textile industry, growing into an interstate common carrier with service to 48 states.

By 2009, ownership had passed to Jeff Floyd, grandson of Cecil. At that time, the firm employed 160 people to operate 175 trucks and 500 trailers. The company filed for Chapter 11 bankruptcy protection in September 2009. When the company 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.

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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
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