Freightquote
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| 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 division of C.H. Robinson,[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
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
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- Lua error in package.lua at line 80: module 'strict' not found. (video)
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- 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
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External links
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- ↑ 3.0 3.1 3.2 Lua error in package.lua at line 80: module 'strict' not found.
- ↑ Ebay Business at Your Fingertips - Kevin Boyd. p. 113.
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