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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 regulatory approval. Closing of the acquisition is expected to occur in the first quarter of 2015. C.H. Robinson will likely increase its existing revolving credit facility to finance the acquisition.

Kansas City Kansas Reviving Baseball in Inner Cities (KCK RBI) is raising funds for a stadium renovation. This program and its goals have found their way into Freightquote's heart and our employees showed just how much by raising nearly $20,000 in one week.

ribbon cutting
Missouri Governor Jay Nixon and Kansas City Mayor Sly James joined Freightquote executives to officially open the new headquarters with a ribbon cutting ceremony and tours of the facility. The 200,000 square foot space located in South Kansas City was custom built to accommodate up to 2,000 employees.