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Freightquote to locate its Multilingual European HQ in Dublin

Investment will create 100 new jobs

Tánaiste and Minister for Enterprise, Trade and Employment, Mary Coughlan TD, today (Thursday 4th September 2008) announced that Freightquote has established a European Headquarters in Sandyford, Dublin. Freightquote, the leading online freight services provider, will create 100 new positions over twelve months with recruitment already under way. The IDA supported company is actively recruiting for multilingual roles within the sales, customer services and finance departments. New recruits will have the opportunity to join an energetic and dynamic team with tremendous career prospects, pioneering a proven business model in the USA into the European marketplace.

Freightquote provides a web based freight management solution that allows clients to access freight carrier options online and book various modes of freight transportation (domestic trucking, parcel, air and ocean freight). This allows companies to simplify and lower their cost of freight shipping.

The Irish operation will be responsible for business analysis and client development within the European freight and shipping industry and identifying new freight partner opportunities throughout Europe. Activities will also include the localisation of their European websites in multiple languages as well as all of the necessary sales, service and support functions to successfully operate within the European markets.

Speaking at today’s announcement the Tanaiste said, “Freightquote is a superb company – it is revolutionising the freight market and doing for freight what the web has done for other markets such as the travel and insurance industries. Since its establishment in 1998, Freightquote has experienced significant year on year growth for its product in the US market. Replicating this success within the European market is of major strategic importance to the Company and the Irish operation will offer a service that no other company currently provides to the European logistics and transport market.”

“Some of the reasons Freightquote chose Dublin were due to the skills availability, geographical proximity to Dublin Airport and freight carriers as well as the cluster of other multinational companies in the East Region. This proposal is consistent with IDA Ireland’s strategic objectives for the development of the online business, digital media and communications sector in Ireland. I believe the decision to locate here represents a strong endorsement of Ireland’s competitiveness and business infrastructure,” concluded the Tánaiste.

“In just a few years, the company has grown from managing a few dozen shipments to a few thousand shipments every day, helping tens of thousands of customers improve their freight transportation,” said JD Buckley, Managing Director of Freightquote’s European Operations. “To realise our vision, our organisation focuses on innovative technology and outstanding people - people with energy, insight, and a fervent customer service mentality. This model has provided Freightquote.com with incredible growth throughout its history, and we remain committed to our philosophy as we look to our future growth into the European market,” he continued.

The Freightquote technology is also integrated into the US eBay site allowing both buyers and sellers to access carrier pricing before bidding on items over 150 pounds in weight. Freightquote is one of only three official integrated shipping services providers along with United Parcel Service (UPS) and United States Postal Services (USPS).

ENDS/ETE 1934

Notes to Editor – Freightquote

Established in 1998 and headquartered in Kansas, USA, Freightquote is a privately owned US company, operating in the B2B sector. Their services are based on a proprietary web based software which allows clients (acting without the help of a broker or intermediary) to access freight carrier options online and book various modes of freight transportation including road trucking, air freight, parcel, international air and ocean. Clients can also track shipments and pay invoices online via the Feightquote.com website. The Company employs over 850 people throughout North America. It recorded 2007 revenues of US$378 million representing an increase of 43% from 2006.

The Company’s success in the North American market has positioned it to successfully grow in the European marketplace. The European office is located in Sandyford (directly across the road from the LUAS station). For more information, please visit www.freightquote.eu.

Media enquiries:

IDA Ireland - Ruth Croke, Press & PR Manager. Tel: +353 1 6034200

Department of Enterprise, Trade and Employment - Rosin McCann, Press Office, Tel: 01- 6312200

Freightquote - Nigel Heneghan/Maeve Governey, Heneghan PR Tel + 353 1 660 7395 info@hpr.ie

Employment opportunities:

Queries regarding employment opportunities at Freightquote can be made to the company’s Human Resources Manager, Geraldine Finn. Tel: +353 1 439 9203 email: gfinn@freightquote.eu

Last modified: 04/09/2008

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