Factoring
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News
EKA Solutions launches financial services subsidiary
“This is a logical next evolutionary step for EKA to realize its original vision to democratize freight management,” says CEO JJ Singh.
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Company earnings
Triumph’s Graft: The concept is proved; on to producing revenue at TriumphPay
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…
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Trucking
Trucking lender Instapay files for Chapter 11 bankruptcy protection
Instapay, a factoring company, and its parent company Flexible Funding are seeking Chapter 11 bankruptcy protection, according to court filings with the U.S. bankruptcy court…
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Trucking
A transformed Triumph Bancorp talks its hot market and future in call with analysts
With two significant acquisitions in the last year, the major force in factoring embarks on a new path.
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Company earnings
A bigger Triumph reports a minuscule level of charge-offs for Q2
The report is for a company that is about to undergo yet another change, with HubTran now in the fold.
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FreightWaves LIVE
Small Fleet Summit: Financing owner-operators’ day-to-day operations with factoring
Factoring is one of the most important sources of liquidity for small fleets and independents, and it’s undergoing significant consolidation.
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Logistics
BravoTran spins off from HubTran, sets sights on freight forwarding efficiencies
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…
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Drilling Deep Podcast
Drilling Deep: What invoices tell us about the first quarter in freight
Also on the podcast: the flat market in diesel of the past few weeks may be disappearing.
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Trucking
Fragmented factoring business may soon shift toward larger players
As TriumphPay gets set to bring in HubTran, a business with lots of companies may become one with far fewer firms.
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Company earnings
Major trucking lender Triumph’s earnings reflect robust market
The bank’s book of business grew at a pace that far exceeded the additional business that came with its acquisition of Covenant’s factoring operation
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