Factoring
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Trucking
Sale of Covenant factoring business to Triumph hits a snag
Sale of TFS hits a dispute over status of more than half the assets in the deal
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Business
Factoring at Triumph moved sharply higher by the end of 2Q: CEO
Graft says on earnings call that by end of June, number of invoices being processed exceeded year-ago levels
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Business
Triumph’s factoring business softens in most significant metrics
Number and average size of invoices purchased both declined from 1Q 2020 and 2Q 2019
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Business
Covenant sells its factoring arm to Triumph
TFS being sold for more than $100 million, other considerations
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Business
US Bank rolls out ‘cafeteria-style’ payment system for carriers
Some shippers and some specific invoices can be chosen for accelerated payments, but not necessarily across the board
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AskWaves
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Finance
FreightWaves Radio preview: intermodal, cash flow, Freight.Tech 100
The outlook for intermodal freight transportation and what’s going on with driver cash flow and factoring issues will be two of the key topics of…
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Finance
Transfix launches carrier payments factoring at 0.99 percent cost
Digital freight brokers continue to add services in the pursuit of carrier stickiness.
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News
Broker efficiency starts in the back office
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…
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TriumphPay
Breaking the lock on carrier payments
Cash flow – the life blood of a trucking operation – is under more pressure than ever as shippers continue to push out pay dates…
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