Freightquote, a
C.H. Robinson company, is an online transportation
broker
A broker is a person or firm who arranges transactions between a buyer and a seller for a commission when the deal is executed. A broker who also acts as a seller or as a buyer becomes a principal party to the deal. Neither role should be confu ...
of
freight
Cargo consists of bulk goods conveyed by water, air, or land. In economics, freight is cargo that is transported at a freight rate for commercial gain. ''Cargo'' was originally a shipload but now covers all types of freight, including tran ...
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 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
E-commerce (electronic commerce) is the activity of electronically buying or selling of products on online services or over the Internet. E-commerce draws on technologies such as mobile commerce, electronic funds transfer, supply chain managem ...
websites integrate the company's technology to provide their customers with freight cost estimating and booking capabilities.
History
Tim Barton founded Freightquote in August 1998.
In December 2006, Great Hill Partners signed a deal to acquire a minority interest in the company.
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.
References
Sources
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Trucking in growth: Freightquote carries the revenue load by investing in service and technology - Kansas City Business Journal*
External links
2006 Logistics Partner of the Year
{{DEFAULTSORT:Freightquote
Logistics companies of the United States
Transport companies established in 1998
Companies based in Kansas City, Missouri
1998 establishments in Kansas
Transportation companies based in Missouri
2015 mergers and acquisitions