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Global News
Comments Off on C.R. England Names Chief Financial Officer

C.R. England appointed TJ McGeean as the Chief Financial Officer of the company, replacing current company president, Josh England who had been serving in a dual role as CFO since 2013. McGeean joined C.R. England in December 2008 as a controller in the company’s Dedicated Division. He was made the director, operations finance in 2010 and was promoted to vice president of finance in 2013. “During TJ’s tenure with the company, he has brought a great deal of sophistication to our financial planning and oversight and made us much better as a company in these areas,” said Josh England, president of C.R. England. Before joining C.R. England, McGeean worked in finance positions for DHL, Express USA and Menlo Worldwide Forwarding. He has a bachelor’s degree in Finance from Wright State University. “He has made significant contributions to maintaining our corporate financial well-being and I am confident in his abilities to […]

Global News
Comments Off on C.H. Robinson Purchasing Freightquote.com for $365 Million

The third-party logistics provider C.H. Robinson Worldwide Inc. has reached an agreement to acquire Freightquote.com Inc. for $365 million in cash. Founded in 1999, Freightquote is a privately-held freight broker providing services throughout North America, It is headquartered in Kansas City, Missouri, with approximately 1,000 employees, Freightquote provides truckload, less-than-truckload and intermodal services to approximately 80,000 customers, according to a release from C.H. Robinson. Its 2014 gross revenues are expected to be approximately $623 million, net revenues are projected to be approximately $124 million and adjusted earning are estimated to be approximately $34 million. 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. “Freightquote is a high quality, innovative, growth company that brings a proven model serving smaller businesses. Its proprietary e-commerce technology allows shippers to easily access competitive rates and automated load […]

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