Freightquote

Freightquote
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 C.H. Robinson company,[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 national and regional freight carriers.[3]

Services

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. 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. ↑ "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
  • 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.
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