List of companies based in the Jacksonville area
Defunct corporations
Table:
Name

City

Industry

Fate

Notes

Atlantic Coast Line Railroad
Jacksonville
transportation
merged
with the Seaboard Air Line Railroad, Ultimately became CSX Transportation

Atlantic Marine
Jacksonville
shipbuilding
acquired
by BAE Systems in May 2010

Barnett Bank
Jacksonville
financial
merged
with NationsBank, Ultimately became Bank of America

Bombardier Capital
Jacksonville
financial services
failed
Portfolio purchased by GE Commercial Finance

Charter Company
Jacksonville
conglomerate
assets sold

EverBank

Jacksonville

financial services

acquired

by TIAA Bank[2]

JanPak
Jacksonville
distributor
merged
with AmSan, CleanSource, Sexauer, Trayco, Ultimately became SupplyWorks

M. D. Moody & Sons, Inc.
Jacksonville
construction equipment
assets sold
Succeeded by MOBRO Marine, Inc. and Dell Marine

Norman Studios
Jacksonville
film
failed

Offshore Power Systems
Jacksonville
utilities
failed

RailAmerica
Jacksonville
transportation
acquired
by Fortress Investment Group in 2007

Stockton, Whatley, Davin & Co.
Jacksonville
financial services
acquired
by Phillips Petroleum Company

With reference to the table as well as the supporting evidence provided at the end.

Provide an answer to this question: What was the fate of the company that reported 10,623 million net ton-miles of revenue freight in 1960 ? Provide just your answer in a JSON object {"answer": "YOUR ANSWER"}. Use only the information given.

The Atlantic Coast Line Railroad ( reporting mark ACL ) is a former U. S. Class I railroad from 1900 until 1967 , when it merged with long-time rival Seaboard Air Line Railroad to form the Seaboard Coast Line Railroad . Much of the original ACL network has been part of CSX Transportation since 1986 . The Atlantic Coast Line served the Southeast , with a concentration of lines in Florida . Numerous named passenger trains were operated by the railroad for Florida-bound tourists , with the Atlantic Coast Line contributing significantly to Florida 's economic development in the first half of the 20th century . At the end of 1925 , ACL operated 4,924 miles of road , not including its flock of subsidiaries ; after some merging , mileage at the end of 1960 was 5,570 not including A & WP , CN & L , East Carolina , Georgia , Rockingham , and V & CS . In 1960 , ACL reported 10,623 million net ton-miles of revenue freight and 490 million passenger-miles . [ citation needed ]
The Seaboard Air Line Railroad ( reporting mark SAL ) , which styled itself The Route of Courteous Service , was an American railroad which existed from April 14 , 1900 , until July 1 , 1967 , when it merged with the Atlantic Coast Line Railroad , its longtime rival , to form the Seaboard Coast Line Railroad . Predecessor railroads dated from the 1830s and reorganized extensively to rebuild after the American Civil War . The company was headquartered in Norfolk , Virginia , until 1958 , when its main offices were relocated to Richmond , Virginia . The Seaboard Air Line Railway Building in Norfolk 's historic Freemason District still stands and has been converted into apartments . At the end of 1925 SAL operated 3,929 miles of road , not including its flock of subsidiaries ; at the end of 1960 it reported 4,135 miles . The main line ran from Richmond via Raleigh , North Carolina , Columbia , South Carolina , and Savannah , Georgia to Jacksonville , Florida , a major interchange point for passenger trains bringing travelers to the Sunshine State . From Jacksonville , Seaboard rails continued to Tampa , St. Petersburg , West Palm Beach and Miami . Other important Seaboard routes included a line from Jacksonville via Tallahassee to a connection with the Louisville and Nashville Railroad ( L & N ) at Chattahoochee , Florida , for through service to New Orleans ; a line to Atlanta , Georgia , and Birmingham , Alabama , connecting with the main line at Hamlet , North Carolina ; and a line from the main at Norlina , North Carolina , to Portsmouth , Virginia , the earliest route of what became the Seaboard . In the first half of the 20th century , Seaboard , along with its main competitors Atlantic Coast Line Railroad , Florida East Coast Railway and Southern Railway , contributed greatly to the economic development of the Southeastern United States , and particularly to that of Florida . Its trains brought vacationers to Florida from the Northeast and carried southern timber , minerals and produce , especially Florida citrus crops , to the northern states .
CSX Transportation ( reporting mark CSXT ) is a Class I freight railroad operating in the eastern United States and the Canadian provinces of Ontario and Quebec . The railroad operates approximately 21,000 route miles ( 34,000 km ) of track . The company operates as a subsidiary of CSX Corporation , a Fortune 500 company headquartered in Jacksonville , Florida .
Atlantic Marine was an American shipbuilding and construction company . It operated two shipyards , one in Mobile , Alabama and the original corporate location , a smaller one in Jacksonville , Florida where its headquarters was located . It was acquired by BAE Systems in May 2010 for $ 352 million . BAE Systems renamed the former company BAE Systems Southeast Shipyards , a division of BAE Systems Inc. As Atlantic Marine Holdings , the company took over the former shipyard of the Alabama Drydock and Shipbuilding Company in 1992 . In 2006 , the company was itself taken over by an investment firm run by former U.S. Navy Secretary John F. Lehman and became known simply as Atlantic Marine . The company offered a variety of services , including shipbuilding , ship repairs , maintenance and conversion , and also steel fabrication for industrial uses . The Alabama drydock facility was capable of servicing vessels of up to 46,400 tons , including cargo and cruise ships , and also offered repair and conversion facilities for drilling rigs and semi-submersibles that served the offshore oil industry . The Jacksonville drydock serviced vessels of up to 14,600 tons , and specialized in mega-yacht repairs and refits , as well as commercial and U.S. Navy ship repairs and conversions , marine fabrication , and industrial fabrication and machining . The company employed 600 full-time workers in 2005 .
BAE Systems plc is a British multinational defence , security , and aerospace company . Its headquarters are in London and Farnborough in the United Kingdom with operations worldwide . The company is the largest defence contractor in Europe and among the world 's largest defence companies ; it was ranked as the third-largest based on applicable 2017 revenues . Its largest operations are in the United Kingdom and United States , where its BAE Systems Inc. subsidiary is one of the six largest suppliers to the US Department of Defense . Other major markets include Australia , India , and Saudi Arabia , which account for about 20% of BAE 's overall sales . It is the biggest manufacturer in Britain . The company was formed on 30 November 1999 by the £7.7 billion merger of two British companies : Marconi Electronic Systems ( MES ) - the defence electronics and naval shipbuilding subsidiary of the General Electric Company plc ( GEC ) - and British Aerospace ( BAe ) - an aircraft , munitions and naval systems manufacturer . BAE Systems is the successor to various aircraft , shipbuilding , armoured vehicle , armaments and defence electronics companies , including The Marconi Company , the first commercial company devoted to the development and use of radio ; A.V . Roe and Company , one of the world 's first aircraft companies ; de Havilland , manufacturer of the Comet , the world 's first commercial jet airliner ; Hawker Siddley , manufacturer of the Harrier , the world 's first VTOL attack aircraft ; British Aircraft Corporation , co-manufacturer of the Concorde supersonic transport ; Supermarine , manufacturer of the Spitfire ; Yarrow Shipbuilders , builder of the Royal Navy 's first destroyers ; Fairfield Shipbuilding and Engineering Company , pioneer of the triple-expansion engine and builder of the world 's first battlecruiser ; and Vickers Shipbuilding and Engineering , builder of the Royal Navy 's first submarines . Since its formation it has made a number of acquisitions , most notably of United Defense and Armor Holdings of the United States , and sold its shares in Airbus , Astrium , AMS and Atlas Elektronik . BAE Systems is involved in several major defence projects , including the Lockheed Martin F-35 Lightning II , the Eurofighter Typhoon , the Astute-class submarine and the Queen Elizabeth-class aircraft carriers . BAE Systems is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index .
Barnett Bank , founded in 1877 , eventually became the largest commercial bank in Florida with over 600 offices and $ 41.2 billion in deposits . The purchase by NationsBank was announced August 29 , 1997 , but even before signs on Barnett 's branches were changed , NationsBank merged with BankAmerica in 1998 , creating Bank of America .
NationsBank was one of the largest banking corporations in the United States , based in Charlotte , North Carolina . The company named NationsBank was formed through the merger of several other banks in 1991 , and prior to that had been through multiple iterations . Its oldest predecessor companies had been Commercial National Bank ( CNB ) , formed in 1874 , and American Trust Company founded in 1909 . [ citation needed ] In 1998 , NationsBank acquired BankAmerica , and modified that better-known name to become Bank of America .
The Bank of America Corporation ( abbreviated as BofA ) is an American multinational investment bank and financial services company headquartered in Charlotte , North Carolina , with central hubs in New York City , London , Hong Kong , Minneapolis , and Toronto . Founded in San Francisco , Bank of America was formed through NationsBank 's acquisition of BankAmerica in 1998 . It is the second largest banking institution in the United States , after JPMorgan Chase . As a part of the Big Four , it services approximately 10.73% of all American bank deposits , in direct competition with Citigroup , Wells Fargo , and JPMorgan Chase . Its primary financial services revolve around commercial banking , wealth management , and investment banking . One branch of its history stretches back to Bank of Italy , founded by Amadeo Pietro Giannini in 1904 , which provided Italian immigrants who faced service discrimination various banking options . Originally headquartered in San Francisco , California , Giannini acquired Banca d'America e d'Italia ( Bank of America and Italy ) in 1922 . The passage of landmark federal banking legislation facilitated rapid growth in the 1950s , quickly establishing a prominent market share . After suffering a significant loss after the 1998 Russian bond default , BankAmerica , as it was then known , was acquired by the Charlotte-based NationsBank for US $ 62 billion . Following what was then the largest bank acquisition in history , the Bank of America Corporation was founded . Through a series of mergers and acquisitions , it built upon its commercial banking business by establishing Merrill Lynch for wealth management and Bank of America Merrill Lynch for investment banking in 2008 and 2009 , respectively ( since renamed BofA Securities ) . Both Bank of America and Merrill Lynch Wealth Management retain large market shares in their respective offerings .
Bombardier Inc. ( French pronunciation : ​ [ bɔ̃baʁdje ] ) is a Canadian multinational manufacturer of business jets . It was also formerly a manufacturer of commercial jets , public transport vehicles , and high-speed rail train sets . Its aviation division , Bombardier Aviation , is headquartered in Montreal and its public transport division , Bombardier Transportation , is headquartered in Berlin , Germany . The company manufactures the Bombardier Global 7500 and the Bombardier Global Express series , the Bombardier Challenger 600 and the Bombardier Challenger 300 series and the Learjet 70/75 series . The company was founded as a manufacturer of snowmobiles ; however , it sold that line of business in 2003 .
GE Commercial Finance was a unit of GE Capital , ( one of five major operating divisions of General Electric ) . Headquartered in Norwalk , Connecticut , United States , it plays a role in over 35 countries and had assets of over US $ 335 billion at year end 2007 . As part of GE Capital , it offers products such as revolving lines of credit , floorplan finance , equipment leasing of various forms , real estate services , and car fleet management . The industries served include healthcare , manufacturing , fleet management , communications , construction , energy , aviation , infrastructure and equipment , as well as many others . Operations of GE Commercial Finance were eventually merged directly into GE Capital . GE Commercial Finance acquired the Dutch financial institution Banque Artesia Nederland N.V. in December 2006 which now trades under the name GE Artesia Bank .
The Charter Company of Jacksonville , Florida was a conglomerate with more than 180 subsidiaries that was in the Fortune 500 for 11 years beginning in 1974 and ranked 61st in 1984 . The company filed for bankruptcy protection in late 1984 , eventually selling off all of its businesses and purchasing Spelling Entertainment Inc. to form Spelling Entertainment Group Inc .
EverBank , now TIAA Bank , is an American diversified financial services company providing banking , mortgages , and investing services . It is based in Jacksonville , Florida , U.S . It operates through standard banking offices and through its Direct Banking division . EverBank Direct operates by telephone , mail , and over the Internet . As of September 30 , 2015 , EverBank had approximately $ 25.2 billion in total assets . On August 8 , 2016 , TIAA reached a deal to buy EverBank for $ 2.5 billion in cash . This announcement , made around two weeks after EverBank stated it was in talks to be acquired , will see stockholders receive $ 19.50 per share in cash . TIAA 's acquisition of EverBank was complete on June 12 , 2017 . As of June 4 , 2018 , the company is now known as TIAA Bank formerly known as EverBank Financial Corp .
TIAA Bank is an American diversified financial services organization under the auspices of New York-based TIAA . Based in Jacksonville , Florida , TIAA Bank provides banking , mortgages , and investing services throughout the United States . The institution was formed through the combination of TIAA Direct , TIAA 's former banking division , and EverBank . The new name became official on June 4 , 2018 , following shortly behind EverBank 's acquisition by TIAA in July 2017 .
JanPak was a regional supplier of cleaning , janitorial and packaging products . It operates 17 distribution centers in the Central and Southeastern United States with over 100 delivery trucks . The headquarters of JanPak is in Davidson , North Carolina . Interline Brands acquired JanPak in 2012 and was renamed to SupplyWorks in 2015 .
AmSan , officially American Sanitary Incorporated , was a janitorial and cleaning products distributor in the United States . It was the largest national distributor that focused on providing janitorial products with revenues over $ 300 million . It was merged with four brands of Interline Brands forming a new brand called SupplyWorks .
M. D. Moody & Sons , Inc. was a privately owned construction equipment distributor and heavy machinery service company headquartered in Jacksonville , Florida . The firm was established in 1913 by Maxey Dell Moody who wanted to serve the needs of road construction businesses by distributing construction equipment . In 1946 the firm was incorporated to M. D. Moody & Sons , Inc. and by 1980 under Maxey Dell Moody , Jr. diversified into the Moody companies Moody Truck Center , Moody Light Equipment Rental , Moody Machinery Corporation , Moody Fabrication & Machine , Dell Marine , and MOBRO Marine , Inc . In 2009 M. D. Moody was forced to file for Chapter 11 , Title 11 , United States Code bankruptcy and became defunct in 2013 . As of 2017 the three Moody companies still in operation are MOBRO Marine , Inc. , Dell Marine and Dell Marine Tug and Barge . M. D. Moody once stood as the oldest family owned construction equipment distributor in the United States , the oldest road equipment company in Florida and at one time the largest American Crane dealer in the world . It was at one time one of the few companies between South Florida and New Jersey that rented barges .
MOBRO Marine , Inc. is an American marine and construction equipment business headquartered in Green Cove Springs , Florida . It was established in 1962 as Moody Brothers of Jacksonville by Maxey Dell Moody Jr. as a sister company of M. D. Moody & Sons , Inc. to handle the marine business and rental of large construction equipment . In 1992 , as the result of a corporate spinoff of the Pablo Creek Marina and other assets it was incorporated and renamed as MOBRO Marine , Inc .
Norman Studios was an American film studio in Jacksonville , Florida . Founded by Richard Edward Norman , the studio produced silent films featuring all-African-American casts from 1920 to 1928 . The only surviving studio from the period of early filmmaking in Jacksonville , its facilities are now the Norman Studios Silent Film Museum . One of the most prominent studios creating films for black audiences in the silent era , Norman 's films featured all-black casts with protagonists in positive roles . During its run it produced eight feature length films and numerous shorts ; its only surviving film , The Flying Ace , has been restored by the Library of Congress . The studio transitioned to distribution and promotion after the rise of talking pictures made its technology obsolete , and eventually closed . In the 21st century , the studio 's facilities were restored and re-purposed as a museum . On October 31 , 2016 , the location was designated a National Historic Landmark .
Offshore Power Systems ( OPS ) was a 1970 joint venture between Westinghouse Electric Company , which constructed nuclear generating plants , and Newport News Shipbuilding and Drydock , which had recently merged with Tenneco , to create floating nuclear power plants at Jacksonville , Florida .
RailAmerica , Inc. , based in Jacksonville , Florida , was a holding company of a number of short-line railroads and regional railroads in the United States and Canada . In 2007 , RailAmerica was acquired by Fortress Investment Group . Before that , it traded on the New York Stock Exchange with the ticker symbol RRA . It was relisted in October 2009 with the ticker symbol RA . On June 30 , 2010 , the company announced that it had acquired Atlas Railroad Construction , a construction and maintenance company operating in the Northeast and Midwest United States , for US $ 24 million . In April 2011 , RailAmerica made its first shortline purchase in over five years by initiating a deal with Gulf and Ohio Railways to acquire three Alabama shortlines for $ 12.7 million . On July 23 , 2012 , Genesee & Wyoming Inc. announced that it intended to purchase RailAmerica in a deal valued at $ 1.39 billion . Approval of the purchase was granted by the U.S . Surface Transportation Board on December 19 , 2012 . While awaiting the decision , Genesee & Wyoming put RailAmerica control in the hands of a trust . They assumed control on December 28 , 2012 and the company was in the process of integration to G & W .
Fortress Investment Group is an investment management firm based in New York City . Fortress Investment Group LLC was founded as a private equity firm in 1998 by Wesley R. Edens , Rob Kauffman , and Randal Nardone . When Fortress launched on the NYSE on February 9 , 2007 , it was the first large private equity firm in the United States to be traded publicly . As of June 30 , 2016 , the firm managed approximately $ 70.2 billion alternative assets in private equity , liquid hedge funds and credit funds .
Stockton , Whatley , Davin & Co. ( SWD ) was one of the largest mortgage banking , real estate and insurance firms in the Southeast of the United States . It was founded in 1884 as the Telfair Stockton Company and operated until 1983 when it was broken up by its new owner Phillips Petroleum Company . The assets were sold to First National Bank of Boston and Gate Petroleum . Prior to its breakup the company was headquartered in Jacksonville , Florida and was the developer of Ponte Vedra Beach in the early 1930s . At its height , SWD had a real estate portfolio worth $ 100 million and a mortgage loan servicing portfolio of $ 3.8 billion , providing services in Florida , Georgia and Alabama .
Phillips Petroleum Company was an American oil company incorporated in 1917 that expanded into petroleum refining , marketing and transportation , natural gas gathering and the chemicals sectors . It was Phillips Petroleum that first found oil in the North Sea , at a position they called Ekofisk , announced 23.December 1969 On August 30 , 2002 , Conoco Inc. merged with Phillips Petroleum to form ConocoPhillips , becoming the third largest integrated energy company and second-largest refining company in the United States . The company moved its headquarters to Houston . In 2012 , ConocoPhillips split into two separate companies . The legacy company kept its name , and spun off the midstream and downstream portions of its business . The new company , which owns the refinery , chemical and pipeline assets formerly held in ConocoPhillips , is named Phillips 66 , the brand name and trademark used by the original Phillips Petroleum from 1930 until the 2002 ConocoPhillips merger .