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American Railway Express Agency
Railway Express Agency (REA), founded as the American Railway Express Agency and later renamed the American Railway Express Inc., was a national package delivery service that operated in the United States from 1918 to 1975. REA arranged transport and delivery via existing railroad infrastructure, much as today's United Parcel Service, UPS or DHL companies use roads and air transport. It was created through the forced consolidation of existing services into a national near-monopoly to ensure the rapid and safe movement of parcels, money, and goods during World War I. REA ceased operations in 1975, when its business model ceased to be viable. Early history Express delivery in the early 19th century was almost all by horse, whether by stagecoach or riders. The first parcel express agency in the United States is generally considered to have been started by William Frederick Harnden (1812–1845), who in 1839 began regular trips between New York City and Boston, Massachusetts, a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Adams Express Company
Adams Funds, formerly Adams Express Company, is an investment company made up of Adams Diversified Equity Fund, Inc.(NYSE: ADX), a publicly traded diversified equity fund, and Adams Natural Resources Fund Inc. (NYSE: PEO), formerly Petroleum & Resources Corp., a publicly traded closed-end fund focused on energy and natural resources stocks. Adams Funds traces its roots to Adams Express Company, a 19th-century freight and cargo transport business that was part of the pony express system. It became an investment company in 1929, just prior to the October 1929 stock market crash. Adams survived the Great Depression and is now one of the oldest closed-end funds at 91 years old. The firm uses a disciplined investment process consisting of three core tenets: identifying high-quality companies through a proprietary research process; employing rigorous analysis to assess company fundamentals; and executing a portfolio management strategy focusing on generating long-term capital appreciatio ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
