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From Wikipedia, the free encyclopedia

Freightquote
Private
IndustryLogistic Services
Founded1998
Headquarters
Number of locations
Kansas City, Missouri, United States
Key people
Matt Druten (President)
ProductsTransportation Brokerage Services
ParentC.H. Robinson Company, Inc.[1]
Websitewww.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. Their business provides comparisons of shipping rates for national and regional freight carriers.[3]

Services

Headquarters building in Kansas City, MO.
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] Chris Kolquist is the current president of Freightquote.[8]

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.[9][10][11]

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. ^ a b c "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. ^ "Three years later, C.H. Robinson exec says Freightquote deal is paying off". www.bizjournals.com. Retrieved 2018-10-02.
  9. ^ "Freightquote acquisition pleases analysts, markets - Kansas City Business Journal". Retrieved 2015-06-16.
  10. ^ "Freightquote, C.H. Robinson deal weds tech savvy with scale - Kansas City Business Journal". Kansas City Business Journal. Retrieved 2015-06-16.
  11. ^ "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

This page was last edited on 22 July 2020, at 02:25
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