|
Freightquote.com Announces Rockwell Acquisition
Companies Expect to Leverage Technology and Expertise
LENEXA, Kansas
Jan 8, 2007
Freightquote.com today announced that it has completed its acquisition of Rockwell Transportation Services, a Perkasie, Pennsylvania-based transportation brokerage provider specializing in truckload, less than truckload and intermodal solutions for a wide variety of shippers.
“A primary component of our acquisition strategy is to add companies that will enable us to broaden and improve our existing service offerings,” said Tim Barton, chairman and chief executive officer of Freightquote.com. “Rockwell Transportation is a highly respected, rapidly growing brokerage known for providing outstanding service to its customers across the United States. Rockwell brings Freightquote significant value including complementary geographic strength, vertical customer segment knowledge and new carrier relations. These factors will ultimately benefit customers of all Freightquote companies. Similarly, Rockwell customers will eventually benefit from the services and technology of Freightquote.”
“We’re truly excited about the awesome opportunity that Freightquote.com will provide for our employees and customers,” said Chris French, CEO of Rockwell. “The synergies between our two companies are significant.”
Brands Will Remain Separate
In 2005, Freightquote.com acquired Twin Modal, another transportation brokerage based in Minneapolis. Freightquote has continued to operate Twin Modal as an independent company and brand, and plans to follow a similar strategy with Rockwell. “Each brand has effectively served a specific customer segment,” remarked Barton, “so we will continue to invest in these individual brands.” Synergies will come in the form of sharing technology and administrative capabilities between the various brands, while the customer experience for each brand remains intact.
About Freightquote.com
Freightquote.com is the leading provider of web-based freight transportation management services. Founded in 1998 and based in the Kansas City area, the company and its subsidiaries have annualized revenues in excess of $350 million and more than 700 employees. More information can be found at www.Freightquote.com.
About Rockwell Transportation Services
Rockwell Transportation Services is a leading transportation service provider. Founded in 1981 and based in the Philadelphia area, Rockwell serves a wide range of customers, from manufacturers to wholesalers and more. More information can be found at www.RockwellTrans.com. |