Freightquote.com
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| Type | Private |
|---|---|
| Industry | Logistic Services |
| Founded | 1998 |
| Headquarters | Lenexa, Kansas, United States |
| Key people | Tim Barton (Founder,Chairman,CEO), Byron Clymer (CIO), Matt Druten (CFO) |
| Products | Freight Forwarding Services |
| Revenue |  $520 million USD (as of 2011[update] est)[citation needed] |
| Employees | 1,200 (2011) |
| Subsidiaries | Freightview and Rockwell Transportation |
| Website | www.freightquote.com |
Freightquote is a privately owned online transportation broker of freight services throughout North America. These services enable customers to compare the shipping rates of hundreds of national and regional freight carriers. Freightquote combines services and carriers to create freight solutions from single pallets to full shipping containers moved by combinations of truck and rail. Based in Lenexa, KS, the company employs approximately 1,200 people nationwide.[citation needed]
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Services [edit]
Freightquote has developed a patented-technology platform to help shippers find the best rates available for their freight shipments, much like travel websites like Expedia. Freightquote customers enter their freight shipment information online, then review their carrier options including special services and prices. Customers choose a carrier and options book the shipments and pay all online making Freightquote the largest online freight broker.
The company extends this platform through API connections. Top e-commerce websites integrate the Freightquote technology in order to provide their customers with freight cost estimating and booking capabilities. Partners include Magento, zen cart and OS Commerce.
History [edit]
Tim Barton and Jason Carlson founded Freightquote in August 1998. [1][2][3] The first nine months were spent developing the company's technology and carrier partnerships. The website launched in May 1999. Freightquote has grown steadily since its inception.
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. Then in January 2007, the company made its second major acquisition with the purchase of Rockwell Transportation. Based in the Philadelphia, PA, area, Rockwell provides traditional freight transportation management services, similar to those of Twin Modal.
The company currently employs over 1,200 employees and has annualized revenues exceeding $500 million, and helps move over 1 million shipments per year through Freightquote.
Related Sources [edit]
- Freightquote on the Inc 5000 list [1]
- Twin Modal Acquisition Announcement [2]
- Rockwell Acquisition Announcement [3]
- Trucking in Growth [4]
- 2006 Logistics Partner of the Year [5]
