News / CH Robinson swoops to acquire LTL specialist broker Freightquote for $365m

© Khunaspix Dreamstime.

Leading North American 3PL and truck brokerage firm CH Robinson is set to acquire Kansas-based less-than-truckload (LTL) specialist broker Freightquote in a deal worth $365m.

CH Robinson chief executive John Weihoff moved to quell Wall Street rumours that CH Robinson had sought to acquire the company after discovering that it was a target for fast-growing rival XPO Logistics – architect of a series of acquisitions over the past couple of years.

“We ran this transaction like any other,” said Mr Weihoff. “Obviously ...