Freightquote
{{Short description|Transportation broker of freight services}}
{{Multiple issues|
{{notability|Companies|date=October 2014}}
{{more footnotes|date=September 2023}}
}}
{{Infobox company
| name = Freightquote
| logo = Freightquote logo.svg
| founded = {{Start date and age|1998}}
| key_people = Tracy Kenison, Molly Schaar, Douglas Grojean
| industry = Logistic Services
| products = Transportation Brokerage Services
| website = [http://www.freightquote.com/ www.freightquote.com]
| locations = Kansas City, Missouri, United States
| parent = C.H. Robinson Worldwide, Inc.{{cite web|last1=Alonzo|first1=Austin|title=Freightquote deal: History, muscle join tech savvy|url=http://www.bizjournals.com/kansascity/print-edition/2014/12/05/freightquote-sale-history-muscle-join-tech-savvy.html?page=all|website=BizJournels|access-date=11 June 2015}}}}
Freightquote, a C.H. Robinson company,{{Cite web|title = Freightquote, C.H. Robinson deal weds tech savvy with scale - Kansas City Business Journal|url = http://www.bizjournals.com/kansascity/print-edition/2014/12/05/freightquote-sale-history-muscle-join-tech-savvy.html?page=all|website = Kansas City Business Journal|access-date = 2015-06-11}} is an online transportation broker of freight services throughout North America, based in Kansas City, Missouri, United States. 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[https://books.google.com/books?id=GlHPbNismUwC&pg=PA113 Ebay Business at Your Fingertips – Kevin Boyd]. p. 113. 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.{{Cite web|title = Freightquote.com, Inc.: Private Company Information - Businessweek|url = https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=92754|website = Businessweek.com|access-date = 2015-06-16}}
History
Tim Barton founded Freightquote in August 1998.{{cite web|url=http://www.freightquote.com/about/ |title=About Freightquote: U.S. Freight Shipping Company |publisher=Freightquote |access-date=2014-08-16}}{{cite web|url=http://www.alacrastore.com/storecontent/bir/927325 |title=Freightquote.com Inc. - 2014/01/14 - Gale Company Profiles |publisher=Alacrastore.com |date=2014-01-14 |access-date=2014-08-16}}
In December 2006, Great Hill Partners signed a deal to acquire a minority interest in the company.{{cite news | url=https://dealbook.nytimes.com/2006/12/14/great-hill-takes-stake-in-freightquote/?_php=true&_type=blogs&_r=0 | title=Great Hill Takes Stake in FreightQuote | newspaper=The New York Times | date=December 14, 2006 | access-date=17 March 2014}}
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.{{Cite web|title = Freightquote acquisition pleases analysts, markets - Kansas City Business Journal|url = http://www.bizjournals.com/kansascity/news/2014/12/05/freightquote-acquisition-pleases-analysts-markets.html|access-date = 2015-06-16}}{{Cite web|title = Freightquote, C.H. Robinson deal weds tech savvy with scale - Kansas City Business Journal|url = http://www.bizjournals.com/kansascity/print-edition/2014/12/05/freightquote-sale-history-muscle-join-tech-savvy.html?page=all|website = Kansas City Business Journal|access-date = 2015-06-16}}{{Cite web|title = Robinson buys Freightquote.com for $365 million in cash; takes big step into LTL – DC Velocity|url = http://www.dcvelocity.com/articles/20141202-robinson-buys-freightquotecom-for-365-million-in-cash-takes-big-step-into-ltl/|website = www.dcvelocity.com|access-date = 2015-06-16}}
References
{{reflist}}
Sources
- {{cite news | url=https://blogs.wsj.com/venturecapital/2010/01/20/the-100-million-revenue-club-freightquotecom/ | title=The $100 Million Revenue Club: Freightquote.com | newspaper=The Wall Street Journal | date=January 20, 2010 | access-date=17 March 2014 | author=Barry, David}}
- {{cite web | url=http://www.columbiatribune.com/business/freightquote-plans-to-add-jobs-in-kansas-city/article_f3b66918-8839-11e3-9f5a-10604b9f6eda.html | title=Freightquote plans to add 400 jobs in Kansas City | publisher=Columbia Daily Tribune | date=January 28, 2014 | access-date=17 March 2014 | author=(Associated Press)}}
- {{cite web | url=http://governor.mo.gov/news/archive/gov-nixon-joins-company-officials-mayor-james-opening-new-freightquote-corporate | title=Gov. Nixon joins company officials, Mayor James in opening new Freightquote corporate headquarters in Kansas City | publisher=Office of Missouri Governor Jay Nixon | date=July 16, 2013 | access-date=17 March 2014}}
- {{cite web | url=http://news.msn.com/us/video?videoid=4af2be7a-ed92-402a-9220-63d298c671c4 | title=Freightquote breaks ground on Mo. offices | publisher=MSN News | access-date=17 March 2014 | archive-url=https://web.archive.org/web/20140317195836/http://news.msn.com/us/video?videoid=4af2be7a-ed92-402a-9220-63d298c671c4 | archive-date=17 March 2014 | url-status=dead }} (video)
- {{cite web | url=http://fox4kc.com/2012/08/14/freightquote-com-set-to-break-ground-on-new-44m-headquarters/ | title=Freightquote.com Breaks Ground on New $44M Headquarters | publisher=Fox News (Kansas City) | date=August 14, 2012 | access-date=17 March 2014 | author=Quinn, Kathy}}
- {{cite web | url=http://fox4kc.com/2013/07/16/feightquote-leaves-kansas-for-missouri/ | title=Freightquote leaves Kansas for Missouri | publisher=Fox News (Kansas City) | date=July 16, 2013 | access-date=17 March 2014 | author=Stewart, Matt}}
- [http://kansascity.bizjournals.com/kansascity/stories/2007/06/04/focus7.html Trucking in growth: Freightquote carries the revenue load by investing in service and technology - Kansas City Business Journal]
- [http://kansascity.bizjournals.com/kansascity/stories/2007/01/08/daily7.html Freightquote.com buys Pennsylvania firm - Kansas City Business Journal]
- {{cite web | url=http://www.rejournals.com/2013/07/18/red-brokerage-van-trust-real-estate-bring-online-shipping-company-to-kansas-city/ | title=RED Brokerage, Van Trust Real Estate bring online shipping company to Kansas City | publisher=RE Journals | date=July 18, 2013 | access-date=17 March 2014 | author=Rafter, Dan | archive-url=https://web.archive.org/web/20140317195904/http://www.rejournals.com/2013/07/18/red-brokerage-van-trust-real-estate-bring-online-shipping-company-to-kansas-city/ | archive-date=17 March 2014 | url-status=dead }}
External links
- [http://www.inc.com/inc5000/2007/company-profile.html?id=200711840 Freightquote on the Inc 5000 list ]
- [http://www.accessmylibrary.com/coms2/summary_0286-17693389_ITM 2006 Logistics Partner of the Year]
{{US logistics}}
{{DEFAULTSORT:Freightquote}}
Category:Logistics companies of the United States
Category:Transport companies established in 1998
Category:Companies based in Kansas City, Missouri
Category:1998 establishments in Kansas