Freightquote

Freightquote
Private
Industry Logistic Services
Founded 1998
Number of locations
 Kansas City, Missouri, United States
Key people
 Matt Druten (President)
Products Transportation Brokerage Services
Parent C.H. Robinson Company, Inc.[1]
Website www.freightquote.com

Freightquote, a C.H. Robinson company,[2] is an online transportation broker of freight services throughout North America, based in Kansas City, MO. Their business provides comparisons of shipping rates for hundreds of national and regional freight carriers.[3]

Services

Headquarters building in Kansas City, MO.

Freightquote developed a patented-technology platform to enable shippers to find competitive rates that can be compared[4] for their freight shipments, similar to that which travel websites provide. Performed online, customers input freight shipment information online, review carrier options, choose a carrier, book shipments and pay for services. The company extends this platform through API connections. E-commerce websites integrate the company's technology to provide their customers with freight cost estimating and booking capabilities.[3][5]

History

Tim Barton founded Freightquote in August 1998.[3][6] The first nine months were spent developing the company's technology and carrier partnerships. The website launched in May 1999.

Freightquote made its first significant acquisition in December 2005 with the purchase of Twin Modal, a truckload and intermodal transportation intermediary based in Minneapolis, MN. In December 2006, Great Hill Partners signed a deal to acquire a minority interest in the company.[7] In January 2007, the company made its second major acquisition with the purchase of Rockwell Transportation. Based in the Perkasie, Pennsylvania, Rockwell provided traditional personalized freight transportation management services, similar to those of Twin Modal.

C.H. Robinson acquisition

In early 2015, Freightquote was acquired by C.H. Robinson, a third-party logistics firm based in Eden Prairie, MN, specializing in logistics and supply chain services, including freight transportation. The acquisition connects C.H. Robinson’s global supply chain services with the strong e-commerce presence and customer base of Freightquote.[8][9][10]

References

  1. ↑ Alonzo, Austin. "Freightquote deal: History, muscle join tech savvy". BizJournels. Retrieved 11 June 2015.
  2. ↑ "Freightquote, C.H. Robinson deal weds tech savvy with scale - Kansas City Business Journal". Kansas City Business Journal. Retrieved 2015-06-11.
  3. 1 2 3 "About Freightquote: U.S. Freight Shipping Company". Freightquote. Retrieved 2014-08-16.
  4. ↑ Ebay Business at Your Fingertips - Kevin Boyd. p. 113.
  5. ↑ "Freightquote.com, Inc.: Private Company Information - Businessweek". Businessweek.com. Retrieved 2015-06-16.
  6. ↑ "Freightquote.com Inc. - 2014/01/14 - Gale Company Profiles". Alacrastore.com. 2014-01-14. Retrieved 2014-08-16.
  7. ↑ "Great Hill Takes Stake in FreightQuote". The New York Times. December 14, 2006. Retrieved 17 March 2014.
  8. ↑ "Freightquote acquisition pleases analysts, markets - Kansas City Business Journal". Retrieved 2015-06-16.
  9. ↑ "Freightquote, C.H. Robinson deal weds tech savvy with scale - Kansas City Business Journal". Kansas City Business Journal. Retrieved 2015-06-16.
  10. ↑ "Robinson buys Freightquote.com for $365 million in cash; takes big step into LTL – DC Velocity". www.dcvelocity.com. Retrieved 2015-06-16.
Sources

External links

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