Freightquote

Last updated
Freightquote
Industry Logistic Services
Founded1998;27 years ago (1998)
Number of locations
Kansas City, Missouri, United States
Key people
Tracy Kenison, Molly Schaar, Douglas Grojean
ProductsTransportation Brokerage Services
Parent C.H. Robinson Worldwide, 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, Missouri, United States. Their business provides comparisons of shipping rates for national and regional freight carriers. [3]

Contents

Services

Headquarters building in Kansas City, MO. Freighquote HQ.jpg
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]

In December 2006, Great Hill Partners signed a deal to acquire a minority interest in the company. [7]

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

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