IFS Freight Owner Learns Profitable Lesson in a Tough Business
Two-and-a-half years ago, Dawn Capalbo’s 55-year-old husband and business partner, Sam, died suddenly of a heart attack, forcing her to take over an airfreight trucking business she knew little about.
The Capalbos had taken over a struggling company called IFS Air Freight in 1984. With little more than a customer list and two run-down delivery trucks, they began picking up freight from JFK Airport in New York and Newark Airport in New Jersey and delivering to local New Jersey businesses.
Since then, the business has grown and will do about $3 million in revenue this year. And it’s more profitable, Capalbo said.
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| Dawn Capalbo took over an airfreight business after her husband died in 1998. |
By the time of her husband’s death, the Eatontown, N.J.-based company served all of New Jersey and parts of New York and Connecticut with 17 trucks and 28 employees, and generated annual revenue of $2.2 million.
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