Freightquote, a C.H. Robinson company, 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.
Video Freightquote
Services
Freightquote developed a patented-technology platform to enable shippers to find competitive rates that can be compared 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.
Maps Freightquote
History
Tim Barton founded Freightquote in August 1998. 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. 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.
References
- Sources
- Barry, David (January 20, 2010). "The $100 Million Revenue Club: Freightquote.com". The Wall Street Journal. Retrieved 17 March 2014.
- (Associated Press) (January 28, 2014). "Freightquote plans to add 400 jobs in Kansas City". Columbia Daily Tribune. Retrieved 17 March 2014.
- "Gov. Nixon joins company officials, Mayor James in opening new Freightquote corporate headquarters in Kansas City". Office of Missouri Governor Jay Nixon. July 16, 2013. Retrieved 17 March 2014.
- "Freightquote breaks ground on Mo. offices". MSN News. Retrieved 17 March 2014. (video)
- Quinn, Kathy (August 14, 2012). "Freightquote.com Breaks Ground on New $44M Headquarters". Fox News (Kansas City). Retrieved 17 March 2014.
- Stewart, Matt (July 16, 2013). "Freightquote leaves Kansas for Missouri". Fox News (Kansas City). Retrieved 17 March 2014.
- Trucking in growth: Freightquote carries the revenue load by investing in service and technology - Kansas City Business Journal
- Freightquote.com buys Pennsylvania firm - Kansas City Business Journal
- Rafter, Dan (July 18, 2013). "RED Brokerage, Van Trust Real Estate bring online shipping company to Kansas City". RE Journals. Retrieved 17 March 2014.
External links
- Freightquote on the Inc 5000 list
- 2006 Logistics Partner of the Year
Source of article : Wikipedia
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