Move to Oakland
The company, owned by The Rowland Steel Co. at the time, moved to Melwood St. in the Oakland section of Pittsburgh, since this was the thriving transportation hub at that time.
Over the next several decades, the company began repairing driveshafts and distributing various driveline components. Since then, this craft has been perfected to become one of PSD's specialties.
Federal Aid Highway Act
June 29, 1956
On this day, Dwight D. Eisenhower signed this act to establish a program to fund the construction of the country's high system. This act created the infrasturcture allowing America's trucking industry to grow into the modern boon for business and American life that it is today.
William N. Ryan purchased the company from Roland Steel. He teamed with the company’s outside financial advisor, Mr. Raymond J. Scherer, and started the partnership that continues today. The company changed its name to Point Spring and Driveshaft Company to better describe the variety of parts and services offered by the company.
Changing Face of the industry
Between the gas shortages of the late 1970s, the deregulation of the industry by the Motor Carrier Act in 1980, and the collapse of the American steel industry at the start of this decade, the trucking industry was pushed to make major changes. These changes were mirrored in Point's next major phase.
PSD purchased Valley Auto Spring in New Castle, PA, which became known as Valley Spring & Driveshaft Co. This same year, Point expanded out-of-state, opening its third location in Fairmont, WV.
Island Spring Expansion
The fourth location was built in Neville Island, PA. This location became known as Island Spring & Driveshaft Co.
Weaver Motor Service Purchase
PSD continued it's growth in the 80s and 90s by purchasing the assets of Weaver Motor Service in Greensburg, PA. After operating for 2 years under its former name, this location was rebranded with the Point Spring & Driveshaft name.
William F. Ryan takes over leadship as Chairman and CEO for the corporation. Mr. Ryan continues the process of expanding into the Ohio, Eastern Pennsylvania, and Maryland regions.
New Corporate Headquarters
As negotiations were in progress to acquire Brake Drum and Equipment Co., the original Melwood St. location was consolidated with the Neville Island branch. This decision was made to prepare for Brake Drum's acquisition and the location they owned in nearby Sharpsburg, PA.
Brake Drum & Equipment Purchase
July 16 1997
This day a major leap forward happened for Point Spring when Brake Drum and Equipment was acquired along with all of its assets. These sites included Clearfield, Seneca, New Kingstown, and Sharpsburg, PA and Akron, OH. With the acquisition of Brake Drum & Equipment, and the consolidation of Greesburgh locations, Point Spring & Driveshaft Co. grew to 9 locations in 3 states.
PSD Goes Online
March 31 2001
On this day, PSD first joined the WWW revolution to offer parts and service information online available 24x7 and 365 days per year. This first website gives customers information about our parts, services, and locations as well as a means to contact our organization.
Online parts ordering
January 5 2006
PSD expands its web services enabling customers to buy parts and search our parts catalog online for the first time.
Teed's Auto Wheel Service Purchase
November 30, 2006
Point Spring & Driveshaft Co. acquired Teed’s Auto Wheel Service in Meadville, PA. On April 1, 2007 merged this branch with the Seneca, PA location in Meadville, PA. This move allowed PSD to bring full service work to northwestern PA for the first time.
Northeast Expansion & the Troy Location
Our most recent location is opened in Troy, PA on the border of PA and NY.
State of the Industry
The trucking industry is flourishing. ATA reports that 9.96 billion tons (68.6% of American freight) is transported by trucks achieving $700.4 billion in revenue and employing 7 million people.
Photo Courtesy of Truck Parts & Service.
Consolidation of Sharpsburg
Operations at the Sharpsburg location on the Pittsburgh waterfront are consolidated into the Neville Island location to more effectively and more efficiently service the surrounding region.
PSD Digital Expansion
Jan 1 2016
This day represents a launch of the next generation of digital PSD offerings enhancing part searching and buying as well as supporting mobile interaction with the website.
Looking to the Future...
Point looks to partnering with you to continue to write our story. We owe our success over the years to our outstanding customers. We thank you for making us a part of your business and look forward to serving you for years to come.