Yellow Freight: Freigth Quote

freigth quote

EDEN PRAIRIE, Minn. (December 1, 2014) - C.H. Robinson (Nasdaq: CHRW) today announced that it has reached an agreement to acquire Freightquote.com, Inc. for $365 million in cash. The agreement is subject to certain customary closing conditions, including EDEN PRAIRIE, Minn. (AP) — Trucking company C.H. Robinson is buying Freightquote.com Inc. for $365 million in cash to expand its e-commerce services. Freightquote, based in Kansas City, Missouri, is an online freight brokerage that C.H. Robinson's CEO C.H. Robinson (NASDAQ:CHRW) announced a very nice bolt-on and strategic acquisition of Freightquote on Monday, in a deal, which ought to be applauded by investors. While the deal is great, and the long-term track record and future growth prospects are Freightquote, described as the nation’s largest online freight-shipping broker, plans to hire an additional 400 workers this year. The firm, which was wooed by Missouri economic development incentives to move from Lenexa to Kansas City last year, plans Freightquote.com, a Kansas City-based freight broker with 1,000 employees, is being acquired by a large Minnesota-based company for $365 million, the companies said. The deal is with C.H. Robinson Worldwide Inc., which said it planned to continue to use C.H. Robinson has reached an agreement to acquire Freightquote.com Inc. for $365 million in cash. The agreement is subject to certain customary closing conditions, including regulatory approval, but the closing is expected to occur in the first quarter of .

We are also positive on the company’s decision to acquire Freightquote.com. However, the Truckload business remains highly challenged given the uncertainties shrouding the market. We believe that the stock is fairly valued at current levels with limited EDEN PRAIRIE, Minn. – Trucking company C.H. Robinson is buying Freightquote.com Inc. for $365 million in cash to expand its e-commerce services. Freightquote, based in Kansas City, Missouri, is an online freight brokerage that C.H. Robinson's CEO, John (Editor’s note: Venture capitalists have found it increasingly difficult to exit their portfolio companies through acquisitions or initial public offerings. This has left them with a staggering number of technology companies with revenue of at least $ C.H. Robinson Worldwide Inc. is buying Internet-based freight broker Freightquote.com. Eden Prairie, Minn.-based C.H. Robinson announced Dec. 1 it had reached an agreement to buy Kansas City, Mo.-based Freightquote.com for $365 million, according to a C.H .

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