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.
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