Factoring

Also on the podcast: the flat market in diesel of the past few weeks may be disappearing.

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

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

Also on this week’s podcast: Conflicting info about the US oil upstream that might actually be in sync.

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.

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

“Detention is a very sticky subject. … Using [visibility] technology you have the data to determine the legitimacy of that request,” TruckerCloud CEO Sam Powers tells Grace Sharkey during the FreightWaves 3PL Summit.

Concurrent to insolvency discussions, Greensill is considering the sale of its operating business to Apollo Global Management Inc. for $100 million, according to a report.

Fourth-quarter figures at Triumph were impacted by the third-quarter acquisition of Covenant’s factoring business.

Rewarding small fleets for driving safely turns their second-highest fixed cost into a controllable variable expense.

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

At $1,931, it’s up from both the second quarter of this year and Q3 of 2019

Cowen raises price projection for the truckload carrier after its announced third-quarter forecast

Covenant also announces it reached agreement with Triumph over sale of TFS factoring unit

Truckload carrier also sees strong third quarter

CEO Prince says insurance product offering with Aon beginning to gain traction

Sale of TFS hits a dispute over status of more than half the assets in the deal

Graft says on earnings call that by end of June, number of invoices being processed exceeded year-ago levels

Number and average size of invoices purchased both declined from 1Q 2020 and 2Q 2019

TFS being sold for more than $100 million, other considerations