The third party logistics company C.H Robinson has reached an agreement to buy Freightquote.com for $365 million in cash. Lets see what concept gets you $365 million.
Freightquote.com Facts
-It took 15 years to get to where they are
-“Quotes from the best carriers with the lowest rates, instantly.”
-Privately held, Freightquote.com is one of the largest internet- based freight brokers in the U.S.
-They have about 1,000 employees
-Freightquote.com provides truckload, less-than-truckload and intermodal services to about 80,000 customers
-It’s net revenue this year is estimated at $124 million
-Freightquote.com allows smaller businesses the technology to find good rates and has easy load acceptance and payment processing.
