In 1951 it acquired the Metropolitan Petroleum Corporation, a wholesale and retail oil distributor in New York City. Despite these efforts Burlington's initial performance was disappointing, posting a $19 million loss in 1987. Competition in the hard-coal industry had intensified in the late 1920s, and antitrust laws prevented the Erie Railroad from entering new markets.

This holding company's most important component was United States Trucking Corporation (USTC), which had been formed in 1919 by the merger of 26 trucking companies. Pittston common stock was split into two parts: Pittston Services Group Common Stock and Pittston Minerals Group Common Stock.

The company restructured itself in the early years of the new millennium by selling off its coal business, which had served as a foundation for much of its history.

It handled newsprint deliveries for New York's and New Jersey's major newspapers, as well as the rigging work for Western Electric Company in New York City. Angry miners walked out on April 5, 1989, and sympathy strikes by other UMW members quickly followed. It continued to operate the Erie Railroad and Pennsylvania Coal Company as parts of its railroad empire. In 1958 the ICC approved Pittston's proposal, but the Justice Department objected on grounds that it could violate antitrust laws. Pittston changed its name to Brink's in 2003, signaling its focus on business and security services. Its reserves in Appalachia were rich in metallurgical coal, necessary in the manufacturing of steel. When Routh took over in 1939, Pittston's stock was down to 12.5 cents per share, and the company owed the Erie Railroad $10 million. Pittston faced further legal action brought by the state of West Virginia, with whom it settled in 1977 for $4 million. Over the next four years Pittston invested heavily in Clinchfield Coal. Of Pittston's three divisions, only Brink's managed to sustain expansion in the 1980s.

Pittston's most important diversification soon followed with the purchase of an interest in Brink's, Inc., a Chicago-based security transportation company. The final step in Pittston's transformation came in May 5, 2003, when the company officially changed its name to The Brink's Company.

Brink's faced difficulty in the 1970s as well because of rising costs and increasing competition. The company was formerly known as The Pittston Company and changed its name to The Brink's Company in May 2003. In December 2002, Pittston ended its 165-year history in the coal mining industry with the sale of its Virginia-based holdings to Alpha Natural Resources LLC. In the early 1950s the conversion of the railroads to diesel fuel and the use in many homes and factories of oil energies lessened the demand for coal. Pittston's fortunes began to turn around when Young and Kirby convinced J.P. Routh to become the Pittston Company's president. Pittston's profits fell from a high of $200 million in 1975 to $25.2 million in 1978. Brinks Inc. stood strong with over 7,000 armored trucks serving over 50 countries. Pittston had achieved financial stability through diversification.

In 1945 Pittston and Clinchfield Coal jointly acquired 67 percent of the Davis Coal & Coke Company.

Pittston then leased mines from the Erie Railroad and sold its coal through its own wholesale and retail subsidiaries. Many investors were attracted to tracking stocks because they were able to invest in one type of stock, such as Pittston Burlington Group, without worrying about a downturn in another portion of the Pittston business, such as the Pittston Minerals Group. Instead, Pittston sought reductions in its miners' health benefits and tighter control over their work schedules in exchange for job security. The oil crisis left Metropolitan Petroleum dependent on its suppliers and facing much higher costs. Products.

In an attempt to recover these losses, Pittston devoted more resources to developing its low-sulfur coal sales, establishing the Pyxis Resources Company to market this product in 1986. Its share of the fuel-oils business in the northeast rose considerably, and by 1954 fuel oil accounted for 38 percent of Pittston's net income. Despite the losses incurred during the strike, Pittston emerged in a stable position. Privacy Policy, Dinnen, S.P., "Burlington Air Express Buys Assets of Roadway Global,", Jones, Chip, "Virginia-Based Pittston Co. to Sell Coal Mines, Shift Focus,", Marcial, Gene, "Will it Pay to be Patient with Pittston?,", Mitchell, Russell, and Hazel Bradford, "Paul Douglas Has His Guard Up at Pittston,", Page, Paul, "Burlington Air Profit Up, More Gains Seen in 1994,", "Pittston: Counting on "Clean' Coal to Reverse the Tumble in Profits,", "Pittston, a Fortune 500 Firm, Now Calls Richmond, Va., Home,", Scott, Gray, "Burlington Air Express Challenges FedEx with New Flights,", Shepherd, Bill, "Three Steps Back at Pittston,", Slack, Charles, "Pittston, a Fortune 500 Firm, Now Calls Richmond, Va., Home,".

A United Mine Workers Union (UMW) strike from December 1977 to March 1978, the longest in UMW history up to that time, severely curtailed production.

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