Pacific Car had equipped the Portland shop to produce its refrigerated boxcars and to repair train cars on contract for major railroads. The Renton plant built a variety of train cars and motor trucks. Its commitment to fair labor negotiations and to taking good care of its workers meant a loyal work force.
After a complicated series of negotiations and stock transfers, the sale was finalized. The reorganized company kept the same name, Pacific Car and Foundry. American Car named eight members to the member board of directors.
Although it continued producing train cars it added steel bridge fabrication and motorbus construction to its specialties.
Still, fiscal earnings declined each year from Despite employee layoffs, Pacific Car had one bright spot: Alex Finlayson, a metallurgist who had worked for the company as laboratory manager, foundry manager, and special engineer, developed a new kind of strong lightweight casting steel. The alloy was named Carcometal, and it generated sufficient income throughout the s to pull the company through.
Carcometal had low carbon content and was higher in manganese, copper, and silicon. Twice as strong as basic steel, it worked well for annealed castings.
It had a lot of elastic strength, and was light in weight. Pacific Car developed a line of tractor winches using Carcometal. American Car was relieved to be free of their holdings during so dark and difficult an economic period.
The Pigott brothers, especially Paul, counted the sale as a personal family victory. Paul had worked in the business from boyhood and was never reconciled to its sale to American Car.
William Pigott Sr. He had chosen to forgo all shareholder meetings during the years the company he founded was owned by American Car and Foundry. Paul Pigott was elected president of Pacific Car and Foundry, and his brother was elected vice president. Paul, like his father, felt strongly that as a person of economic privilege and ability he had a duty to provide work to as many willing Seattleites as possible.
In the Renton community surrounding the plant, Pacific Car was a main hub of family life. His plan was to make the company healthy again by building a top quality workforce, repairing and updating the run-down plant, and diversifying the product line. By the late s Pacific Car had government contracts for steel fabrication for what would become the Lacey V. This in turn catalyzed new orders from private clients like Boeing, which was building plants in Renton and in Seattle. In , company sales were up by nearly 50 percent.
Pacific Car also sub-contracted for Boeing, building aluminum wingspans for B bombers. Beginning in spring the company also built Sherman M4-A1 tanks for the U. Its first effort received high praise from the Army. Pacific Car was able to cast almost all the parts for the tanks at its own foundry.
A modified version of Carcometal was used to make cast armor for the tanks. The government constructed a new, modern foundry in Renton so that Pacific Car could increase its output. A transformer substation powered the electric steel furnace. Pacific Car and Foundry bought the business in In , it became a division of Pacific Car. Kenworth had been producing trucks in Seattle since its incorporation in The company was a prime contractor during the Korean conflict, producing T and T tanks.
Pacific Car chose to subcontract many of the necessary parts, boosting smaller businesses throughout the state. Dart built primarily heavy off-highway dump trucks and specialty vehicles. Peterbilt had been a major competitor with Kenworth, producing many kinds of trucks and buses. It was then dissolved and made a division of Pacific Car. In the autumn of Paul Pigott was diagnosed with a brain tumor.
He died on January 23, The firm provided 5, steel panels, weighing 58, tons, which formed a major part of the bearing walls for New York City's World Trade Center twin towers. The steel panels were shipped by rail from Seattle to New York City on more than 1, railcars. Pacific Car was the largest contractor of the 13 steel fabricators that provided steel for the World Trade Center towers. In they acquired Fodens Limited, a British company and one of the oldest truck producers in the world.
This came four months before diplomatic ties were established between China and the United States. PACCAR kept its plants outfitted with modern equipment and stayed at the forefront of new technology. Preston Feight. Chief Executive Officer, Director.
John Rich. Michael T. Senior Vice President, Controller. New Stories. Self-driving technology company Aurora will begin piloting trucks loaded with its software this week to haul goods for U. Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.
Latest Trade Change Volume , Today's Range Pricing Previous Close. Today's High. Today's Low. Shares Out MIL. Market Cap MIL. Latest Developments More. Executive Leadership Mark C. Pigott Executive Chairman of the Board. Schippers President and Chief Financial Officer.
Barkley Senior Vice President, Controller.
0コメント