C.H. Robinson acquires Freightquote

EDEN PRAIRIE, Minn.–C.H. Robinson has finalized its acquisition of Freightquote.com, Inc. for $365 million in cash. The company financed the acquisition and related fees and expenses with the proceeds from an amended five year, $900 million credit facility, it said in a release.

Founded in 1905, C.H. Robinson is one of the largest non-asset based third party logistics companies in the world. C.H. Robinson is a global provider of multimodal transportation services and logistics solutions, currently serving over 46,000 customers through a network of over 280 offices in North America, South America, Europe, and Asia. C.H. Robinson maintains one of the largest networks of motor carrier capacity in North America and works with approximately 63,000 transportation providers worldwide.