Company History

Budway Enterprises, Inc., is a family-owned business established in 1948 as a local same-day pickup and delivery service within downtown Los Angeles. The company began with one truck and two employees: Vincent M. “Bud” McLeod and his son, Vincent M. McLeod, Jr. Today, the company is run by Bud’s grandson, Vincent M. “Rick” McLeod III, who embodies the values upon which the company was founded and continues to aspire to doing things “Bud’s way.”

Over time, the company expanded beyond its beginnings in Los Angeles to provide less-than-truckload (LTL) and public warehousing services throughout California, opening terminals in Pico Rivera, Fresno, Stockton, and Richmond. Budway delivered a huge variety of products for its clients, from office supplies to 3D movie glasses to raisins and cheese from California’s Central Valley.

In 1990, Budway began utilizing flatbed trailers to carry full truckloads of steel coil. Based on the company’s success in carrying steel and the potential cost savings offered by rail-transloading, Budway secured a major, long-term contract with USS/POSCO Industries (UPI), a steel mill located in Pittsburg, California. By transloading steel coil from Northern California to the Los Angeles area, UPI was
able to save $3 million annually over transporting their products by truck. A great partnership was born. (Continued »»)

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