Towne Air Freight Revenue and Competitors

Eugene Towne founded Towne Air Freight, in South Bend in 1963 with one employee and one van. Gary "Duke" Downey then purchased the company in August 1982. At that time, South Bend was the only location with 18 employees, two tractors and nine straight trucks. The core business was local pickup and delivery service in South Bend, as well as linehaul service between South Bend and Chicago's O'Hare Airport for the freight community. In 1984, Towne began offering less-than-truckload(LTL) service, providing commercial shippers with next-day service within the state of Indiana. This service was later expanded to include Michigan, Indiana, Ohio, Illinois and Kentucky. In 1995, Towne Air Freight became a subsidary of Towne Holdings, Inc., a privately held corporation. Towne has since grown into a full-service trucking provider offering time-sensitive, less- than-truckload shipments for both air freight and commercial companies. Towne became a coast-to-coast company in 2005 with the opening of a facility in Los Angeles, CA that quickly grew into service along the complete I-5 corridor with terminals in Seattle and Spokane, WA; Portland, OR, San Francisco and San Diego, CA. In 2007, Towne strengthened presence on the East Coast with the service to Boston, MA, Hartford, CT and a hub facility in Newark, NJ. The acquisition of Complete Transport in the Missouri Valley extended core Midwest market boundaries to the south and west. Towne's footprint expanded once again in 2008 with the acquisition of Synergy Cargo Logistics-a Southwest customer favorite. Newly gained operations in Phoenix, Nogales and Tucson, AZ; Calexico, CA and El Paso, TX provide specialized tradeshow services to Las Vegas, NV and border and customs assistance into Mexico. Present management of Towne Holdings includes Tom Downey, President and Chief Executive Officer; Joe Dooley, Chief Financial Offier; Jerry Scott, Vice President of Human Resources.