Triumph Financial’s shares are cut to a sell level at Wells Fargo on a still lengthy wait for a payoff at TriumphPay.
On a practical level, being dedicated to drivers includes making sure they bring home reliable, predictable paychecks. C5 Expedite has partnered with OTR Solutions to pay drivers on a weekly basis.
Mexican logistics systems are lagging and they need to be improved to capitalize on a great opportunity, Solvento CEO Jaime Tabachnik said at FreightWaves’ F3: Future of Freight Festival.
A week after Apex Capital Corp., and its subsidiary, TCS Fuel, were targeted in a ransomware attack, Apex said Monday that it’s business as usual.
Hundreds of small-business truckers who use CoreFund Capital to factor their accounts receivable are struggling to stay afloat after the company abruptly closed its doors.
Traditional loans or recourse factoring are not the only ways to get carriers paid and build up credit. ComFreight has set out to help brokers grow and solve the problem of contract-heavy, high-stress traditional financing with HaulPay.
TBK Bank division wants to optimize payments and cash-flow management for the freight industry
As part of FreightWaves’ The Future of Supply Chain event, Axle Payments will be demonstrating its payment automation software.
The load board at Truckstop.com remains the core business but integrating it with other operations is seen as providing opportunity.
Summar focuses on helping small carriers with one to 30 trucks sustain and grow their businesses.
Small and midsize factoring companies are able to achieve a competitive advantage, which many previously thought was impossible without millions of dollars of investment.
Zero-percent factoring will be able to provide relationships and data that can be used as a foundation for other trucking support businesses, according to BasicBlock’s CEO.
Triumph’s CEO Graft is not holding back, likening the automated deals to the invention of the telephone in terms of technical significance.
“This is a logical next evolutionary step for EKA to realize its original vision to democratize freight management,” says CEO JJ Singh.
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.
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 in Fort Worth, Texas.
With two significant acquisitions in the last year, the major force in factoring embarks on a new path.
The report is for a company that is about to undergo yet another change, with HubTran now in the fold.
Factoring is one of the most important sources of liquidity for small fleets and independents, and it’s undergoing significant consolidation.
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.
