Freightquote Explained

Freightquote
Foundation:1998
Key People:Tracy Kenison, Molly Schaar, Douglas Grojean
Industry:Logistic Services
Products:Transportation Brokerage Services
Homepage:www.freightquote.com
Locations:Kansas City, Missouri, United States
Parent:C.H. Robinson Company, Inc.[1]

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.

Services

Freightquote developed a patented-technology platform to enable shippers to find competitive rates that can be compared[3] 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.[4]

History

Tim Barton founded Freightquote in August 1998.[5] [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]

Sources

External links

Notes and References

  1. Web site: Alonzo. Austin. Freightquote deal: History, muscle join tech savvy. BizJournels. 11 June 2015.
  2. Web site: Freightquote, C.H. Robinson deal weds tech savvy with scale - Kansas City Business Journal. Kansas City Business Journal. 2015-06-11.
  3. https://books.google.com/books?id=GlHPbNismUwC&pg=PA113 Ebay Business at Your Fingertips – Kevin Boyd
  4. Web site: Freightquote.com, Inc.: Private Company Information - Businessweek. Businessweek.com. 2015-06-16.
  5. Web site: About Freightquote: U.S. Freight Shipping Company . Freightquote . 2014-08-16.
  6. Web site: Freightquote.com Inc. - 2014/01/14 - Gale Company Profiles . Alacrastore.com . 2014-01-14 . 2014-08-16.
  7. News: Great Hill Takes Stake in FreightQuote . . December 14, 2006 . 17 March 2014.
  8. Web site: Freightquote acquisition pleases analysts, markets - Kansas City Business Journal. 2015-06-16.
  9. Web site: Freightquote, C.H. Robinson deal weds tech savvy with scale - Kansas City Business Journal. Kansas City Business Journal. 2015-06-16.
  10. Web site: Robinson buys Freightquote.com for $365 million in cash; takes big step into LTL – DC Velocity. www.dcvelocity.com. 2015-06-16.

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