TriumphPay

Triumph Financial CEO Aaron Graft talked future opportunities as growth engine TriumphPay flipped to negative EBITDA in the first quarter.

This week in Borderlands: Samsara opens new office to focus on expanding cross-border trade; TriumphPay expands payments network to Mexico; China-based auto supplier to build $36M factory in Mexico; and Quantix acquires hazardous waste hauler in Houston.

Here are four innovative companies FreightWaves was introduced to at the Mid-America Trucking Show in Louisville, Kentucky.

Investment bank Piper Sandler cut its rating on trucking-focused bank Triumph Financial even as it offered praise for the company’s strategy.

TriumphPay came in at positive EBITDA in the fourth quarter, a full year ahead of schedule.

Joining a network of industry professionals provides a tangible sense of security in today’s market. This is especially true in the billing and payment space.

BASF’s North American operations made a concerted effort to help their carriers spend less time at their manufacturing plants and more time moving freight.

TriumphPay’s chief partnership officer, Josh Bouk, predicts a 12-month time frame for a substantial rebound.

Payments network is seeing only modest levels of freight capacity exiting the market.

Triumph Financial’s earnings saw a tighter EBITDA loss at TriumphPay and a largely flat average invoice price in its transportation factoring business.

The impacts of double brokering are felt by carriers and brokers alike, disrupting operations and causing financial and liability risks for everyone involved.

Chemical distributor benefits from close relationships with its carrier partners.

Kraft Heinz is moving forward with several initiatives to create an autonomous supply chain operation that have carriers calling it a choice shipper for a fifth straight year.

Lowe’s has been changing the way it deploys trucks to deliver goods and has garnered a spot on FreightWaves’ annual list honoring shippers.

Molson Coors strives for flexibility and readiness in its supply chain, which is why the Chicago-based company garnered a spot on FreightWaves’ annual list honoring shippers.

TriumphPay dealt with the same weak conditions as other trucking-focused companies in the second quarter, but one key measure was stronger.

Office furnishings manufacturer HNI Corp. strives to be attentive to drivers’ needs, which is why the Iowa-based company garnered a spot on FreightWaves’ annual list honoring shippers.

Triumph Financial felt the soft freight market like everybody else, but its network of the future did show signs of improvement.

TriumphPay and Highway join forces to create an exclusive algorithm that will combat double brokering.

The final panel at the TIA annual meeting echoed a theme of the whole meeting: Double brokering and fraud are surging.

TriumphPay’s Emily Meyers notes that it’s tougher for carriers to predict their cash flow and expenditures while facing such long payment cycles.

Triumph Financial’s shares are cut to a sell level at Wells Fargo on a still lengthy wait for a payoff at TriumphPay.

FreightWaves’ Daniel Pickett spoke with Garrett Wolfe, chief product officer of TriumphPay, at the F3: Future of Freight Festival about the company’s open payments network.

Melissa Forman chats with Anne Reinke and Mark Baxa about how important it is for there to be communication across all platforms in order to create a more efficient payment process for carriers.

Tyson Foods was chosen as a Shipper of Choice — an award that recognizes retailers and distributors that value their carrier relationships.

Kellogg Co. was chosen as a Shipper of Choice — an award that recognizes retailers and distributors that value their carrier relationships.

Triumph Bancorp posts strong second-quarter financial results while remaining “cautiously optimistic” for a relatively flat trucking and transportation market through the end of 2022.

TriumphPay improves the payments experience with expedited and secure transactions.

As part of FreightWaves’ The Future of Supply Chain event, TriumphPay will demonstrate how to pay invoices quickly and efficiently.

“TriumphPay has already made substantial progress in bringing much-needed innovation to the crucial payments component of the freight industry,” said Melissa Forman, the company’s new president.

TBK Bank division wants to optimize payments and cash-flow management for the freight industry

While the early days of fuel surcharges were straightforward to calculate – although wholly unfair to shippers in many cases – that is no longer true. Many carriers struggle with explaining their fuel surcharge program to shippers, and more importantly, struggle with the budgeting aspect of a program that is historical in nature.

TriumphPay takes the hassle out of carrier payments, allowing brokers to focus on what they do best.

“With TriumphPay handling payments for all stakeholders at each stage of the post-load payment journey in a secure and transparent fashion, carriers, brokers, factors and shippers will have more time to focus on other important business decisions,” said Melissa Forman, senior vice president and chief strategy officer at TriumphPay.

Small and midsize factoring companies are able to achieve a competitive advantage, which many previously thought was impossible without millions of dollars of investment.

Triumph’s CEO Graft is not holding back, likening the automated deals to the invention of the telephone in terms of technical significance.

You’re only as strong as your weakest link. Don’t let back-office issues bring down the rest of your supply chain.

Schneider aims to “eradicate manual processes and paper because it is completely inefficient,” said Erin Van Zeeland, group senior vice president and general manager of logistics services at the company.

Finding capacity and orchestrating communication along supply chains.

Triumph Bancorp CEO Graft revealed the numbers on the new factoring and brokerage companies that have signed up to the processing platform whose capabilities were bolstered earlier this year with the acquisition of HubTran.

“When we started this journey with Jordan three years ago, we defined proof of concept as becoming the largest payor in brokered freight,” said the CEO of TBK Bank.

The fast pace of logistics today has no patience for paperwork; it’s evident that today and tomorrow are digital.

FreightWaves examines 5 deals and partnerships that highlight how fintech can improve FreightTech offerings.

With two significant acquisitions in the last year, the major force in factoring embarks on a new path.

“Working with Transfix has to be an experience that’s better for carriers and it has to allow them to both make more money but in a way that is more sustainable for them,” says Transfix CFO.

The new company already has 10 clients, as it takes the HubTran platform and steers it toward a market that is similar but with key differences.

To learn how an integrated network that connects all stakeholders can drive efficiency and increase cash flow, FreightWaves is partnering with TriumphPay for a one-hour webinar starting at 2 p.m. on Tuesday, June 8. Featured insights will be provided by Haley Evans, TriumphPay’s Vice President, Broker and 3PL Services.

Dooner and The Dude are back for Day 2 of FreightWaves LIVE @HOME with interviews from all across the logistics industry.

Arrive’s partnership with TriumphPay allows carriers to send in load paperwork through the new technology platform and manage their payments, factor invoices and request QuickPay.

As TriumphPay gets set to bring in HubTran, a business with lots of companies may become one with far fewer firms.

WHAT THE TRUCK?!? welcomes HubTran’s Josh Asbury to the show. The crew dives into the acquisition with TriumphPay and discusses HubTran’s Lights-Out Processing platform.

One interesting aspect of the report by B Riley: Could TriumphPay and Triumph Capital be headed in different directions?

On this episode of Midday Market Update, Kaylee Nix and Michael Vincent look at top headlines and figure out if the Panama Canal is at risk for blockage.

TriumphPay is acquiring HubTran to integrate machine-learning capabilities for a fully integrated payments network for its customers.

“It’s pretty attractive compared to factoring as an alternative,” said Wolfe. “There’s no chargebacks.

Industry speakers, technology demos and venture capitalists took center stage last week for FreightWaves’ FreightTech Venture Summit and LIVE @HOME events. Now you can catch sessions you may have missed or rewatch those that most interested you with a special rebroadcast of the events beginning Tuesday.

Presenters brought their best to the final demo block of FrightWaves’ free LIVE @HOME conference on Friday afternoon.

A comfortable merger still requires managing change and making parts fit as technology races ahead, says Trinity Logistics President Sarah Ruffcorn

Disruption, technology and keynote addresses from Shelley Simpson and John Roberts III of J.B. Hunt and Thomas Healy of Hyliion will highlight FreightWaves LIVE @HOME.

In today’s edition of The Daily Dash, Knight-Swift sees a strong 2021 ahead; experts are predicting a wild Q4; and Kenan Advantage Group could be for sale.

A $4.8 billion run rate for the quarter is expected to be at $7 billion by the end of the year: Triumph Bancorp CEO Graft

When it comes to freight audit and payment strategy, shippers don’t operate as a monolith.

Truckload carrier also sees strong third quarter

“Other brokers could take a lesson from using this,” said Sam Kheir at Benore Logistics.

Some of today’s most innovative and disruptive companies in the logistics industry showed off their products during FreightWaves’ first virtual 3PL Summit on Tuesday.

FreightWaves is hosting the 3PL Summit on July 21, a virtual event that will include technology demonstrations, hot debates and visionary speakers from across the 3PL spectrum.

During this webinar, shippers will learn how preparations for a range of risk scenarios can start with strong balance sheet liquidity—the number one issue in terms of the viability of their business—and their carriers’ business.

FreightWaves Founder and CEO Craig Fuller speaks with TriumphPay President Jordan Graft about changing how payments are sent and received in the transportation industry

Schneider has continued its recent technology innovations with FreightPower, an offering that unlocks more capacity for its shipping partners.

On today’s episode Dooner and The Dude look into Amazon warehouse infections, talk PPE with special guests and more

Trucking industry raises $75,000 to provide hand sanitizer, masks for drivers

Fast pay for rapidly changing times highlight this episode of FreightWaves Insiders

Schneider Logistics is seeking to smooth and expedite the process for paying carrier partners by pairing TriumphPay’s payment solutions with Transflo’s document management tools.

By partnering with analysts from both FreightWaves and DAT Solutions, event attendees on April 23 will have access to three sessions rich with fresh data.

On today’s episode of WHAT THE TRUCK?!? we’re talking to owner/operator Ingrid Brown about trucking during a pandemic, more

On today’s episode, Dooner and The Dude are talking about the many ways that companies and individuals are stepping up to #thankatrucker.

FreightWaves and TriumphPay will be partnering to host an hour-long webinar on Tuesday, March 10 at 2pm EST. If you’re a broker or 3PL, you won’t want to miss this session. Find out exactly what your carriers are trying to tell you about how and when they want to be paid.

FreightWaves partnered with TriumphPay to produce an infographic exploring 5 supply chain trends to watch in 2020.

Asset quality mostly improved but net interest margin compressed by 62 bps.

Expediting and streamlining broker accounts receivable and carrier payments put TriumphPay in the FreightTech 25

Digitalization has taken hold across every aspect of the trucking industry, from the back office and receiving dock, to the drivers, trucks and trailers, making it difficult for carrier and […]

Payment visibility is a proven builder of carrier loyalty.

Transplace announced continued improvements in its payment processing platform. Through its ongoing collaboration with TriumphPay and Bank of America, the company said that continued progress is being made in improving speed, security and accuracy of payment processing on its platform.

TriumphPay announced that it has entered into a new partnership with U.S. Xpress to provide the company with real-time visibility into its brokerage payment services.

7-minute company demos will garner a lot of attention at the upcoming FreightWaves LIVE Chicago conference, November 12-13.

This webinar will focus on how technology can enable brokers to streamline processes and build stronger relationships with their carrier partners.

As more signs in the truck freight market point to decreasing demand and excess capacity, brokers are looking for better ways to increase the efficiency of their back-office operations to […]

To explore the benefits and drawbacks of new technologies and explore real-life testimonials of companies who have incorporated new tools to improve back-office efficiency, FreightWaves and TriumphPay are partnering to present an hourlong webinar on Tuesday, June 18, at 2pm EDT

How you pay your carriers is critical to maintaining a loyal carrier base.

Truckers, fleet managers, and brokers face any number of regulatory tasks, load optimization and business decisions every single day. Add to that the decision on which technology, software or service […]

Getting better use from your logistics assets, whether it be drivers, trucks, trailers, or general staff, is a major theme of Transparency19. And the Rapid-Fire Demonstrations on the second day […]

The payment process can present a number of challenges within the freight industry, from dealing with errors in invoices to managing and protecting the sensitivity of the data they contain. […]

TriumphPay is shifting the power over invoice control back into the hands of carriers.

Cash flow – the life blood of a trucking operation – is under more pressure than ever as shippers continue to push out pay dates to their brokers, giving brokers limited options other than to do the same to their carrier partners.

TriumphPay presented its product to a room of 1,000 transportation, technology and finance executives at MarktWaves18 in Dallas, Texas.

TriumphPay, a leading provider of carrier and vendor payment solutions and MercuryGate, a global provider of cloud-based transportation management solutions, announced today a strategic partnership and integration of TriumphPay’s carrier […]

TriumphPay seamlessly integrates into a brokerage’s existing TMS (Transportation Management System) and core accounting platforms so that brokers can confirm payment to carriers with a click of a button. Brokers […]

TriumphPay, a leading provider of carrier and vendor payment solutions to the supply chain industry, now has more than 100 brokerages using its payment processing solution.