C H Robinson (Nasdaq:CHRW) announced that it has competed 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.
Founded in 1905, C H Robinson is one of the largest non-asset-based third-party logistics companies in the world. A global provider of multimodal transportation services and logistics solutions, it currently serves more than 46,000 customers through a network of more than 280 offices in North America, South America, Europe, and Asia. The company maintains one of the largest networks of motor carrier capacity in North America and works with approximately 63,000 transportation providers worldwide. For more information about the company, access the website at www.chrobinson.com.