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Subway IP LLC, [8] trading as Subway, is an American multinational fast food restaurant franchise that specializes in submarine sandwiches (subs) and wraps.It was founded by Fred DeLuca and financed by Peter Buck in 1965 as Pete's Super Submarines [9] in Bridgeport, Connecticut.
The NYCTA, a public authority presided over by New York City, was created in 1953 to take over subway, bus, and streetcar operations from the city. [14] In 1968 the state-level MTA took control of the NYCTA, and in 1970 the city entered the New York City fiscal crisis. It closed many elevated subway lines that became too expensive to maintain.
The New York City Transit Authority (NYCTA), a public authority presided by New York City, was created in 1953 to take over subway, bus, and streetcar operations from the city, and placed under control of the state-level Metropolitan Transportation Authority in 1968. [55] [57] Graffiti became a notable symbol of declining service during the 1970s.
After reading an article about an Indiana man who lost 245 pounds (111 kg) eating Subway Sandwiches, Fred DeLuca met Jared Fogle, bought him a new Mitsubishi Galant, and made him Subway's featured spokesman by 2000. [14] [15] After Fogle became Subway's spokesman, sales and store openings started to skyrocket. [13] [16] [17] [15]
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Subway continued to grow over the ensuing years and by 2010 became the largest fast food chain worldwide, with 33,749 restaurants. [11] In 2015, Buck was ranked No. 261 on the Forbes 400 list of wealthiest people, with an estimated net worth of $1.6 billion.
The original IRT subway as it existed following the completion of Contracts 1 and 2. The first regularly operated line of the New York City Subway was opened on October 27, 1904, and was operated by the Interborough Rapid Transit Company (IRT).
Pneumatic tubes are still used today by banks and the CIA for their headquarters, and less than a decade after Beach's death, New York City built its first subway system in 1904, and have him featured in the history of the New York City Subway. Beach later was the subject of the 1976 Klaatu single "Sub-Rosa Subway."