Forward Air Corp. has formally completed is previously announced purchase CLP Towne Inc., combining two of the largest trucking companies moving freight to and from the nation’s airports.
Forward Air Completes CLP Towne Purchase
Forward Air Corp. has formally completed is previously announced purchase CLP Towne Inc. combining two of the largest trucking companies moving freight to and from the nation’s airports.
by Staff
March 10, 2015
1 min to read
The purchase price was approximately $125 million.
Founded in 1963, Towne is a full-service trucking provider offering time-sensitive less-than-truckload shipping, full truckload service, an extensive cartage network, container freight stations and dedicated trucking. Headquartered in South Bend, Indiana, Towne had 2014 unaudited revenue of approximately $230 million.
Towne’s airport-to-airport network provides scheduled deliveries to 61 service points, according to Forward Air, while a fleet of approximately 525 independent contractor tractors provides the line-haul between those locations.
Forward Air Corp. parent Forward Air Inc. is a major provider of time-definite surface transportation and related logistics services to the North American expedited ground freight market.
More Fleet Management
HDT Honors the Best New Products of 2025 at TMC [Photos]
Heavy Duty Trucking's Top 20 Products awards recognize the best new products and technologies. Check out the award presentations at the 2026 Technology & Maintenance Council annual meeting.
Read More →
Sponsored•March 31, 2026
Detroit Engines: Trusted Performance, Built for What's Next
The Detroit® Gen 6 engine platform proves that real progress doesn’t require a complete redesign. Built on 20 years of trusted technology, these engines are designed for efficiency, stronger performance, and greater reliability than before. And they do it all while complying with 2027 EPA standards on every mile.
Read More →
Q&A: What's Real in Advanced Truck Tech? ACT Expo's Erik Neandross Weighs In
The 2026 ACT Expo is focusing heavily on what organizer Erik Neandross calls trucking's digital frontier. This interview excerpt dives into artificial intelligence, zero-emission vehicles, and tips to make sense of it all.
Read More →
Trucking's Digital Frontier: AI, Connected Vehicles, Alternative Fuels and More
There's an amazing amount of new technology for trucking out there. For fleets, the challenge is figuring out what’s real, what’s hype, and what’s worth investing in.
Read More →
What's Real in Advanced Truck Technology? ACT Expo's Erik Neandross Weighs In
Artificial intelligence, the software-defined vehicle, telematics, autonomous trucks, electric trucks and alternative fuels, and more in this HDT Talks Trucking interview
Read More →
ACT: Trucking Volumes Rise, Capacity Tightens as Fuel Prices Cloud Outlook
ACT Research data shows volumes hitting a four-year high and supply-demand balance strengthening, but higher oil prices are undercutting tariff relief and tempering optimism.
Read More →
Wabash Teams Physical Security With Digital Tech For Better Cargo Visibility
The patent-pending cargo solution integrates a digitally connected cargo door and an intelligent locking system with the TrailerHawk.AI technology platform.
Read More →
From Diesel Prices to Cyberattacks: How the Iran War Is Affecting Trucking
The impact of the Iran conflict extends beyond fuel costs, bringing more fraud and cybersecurity risks to the trucking industry.
Read More →
ATA’s Spear Warns Fuel Prices, Trade Policy, and Global Conflict Could Stall Trucking Recovery
Speaking at the TMC Annual Meeting in Nashville, ATA President Chris Spear said trucking faces mounting pressure from rising fuel prices, geopolitical instability, and uncertainty around trade policy.
Read More →
New Entrants, Chameleon Carriers, and Safety: Is It Too Easy to Start a Trucking Company?
More than 100,000 new trucking companies enter the industry each year, but regulators manage to audit only a fraction of them. That churn creates opportunities for inexperienced startups — and for “chameleon carriers” that shut down after safety violations and reappear under new identities. Read more from Deborah Lockridge in this commentary.
Read More →