Factoring

Some shippers and some specific invoices can be chosen for accelerated payments, but not necessarily across the board

Many turn to factoring to ease cash crunches.

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 discussion on the September 28-29 edition of FreightWaves Radio. Rick LaGore, the CEO of Intek Freight and Logistics, will join us to talk about where his company sits in the […]

Digital freight brokers continue to add services in the pursuit of carrier stickiness.

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 remain competitive and grow their business. Most brokers require at least one or two employees dedicated to cutting checks, stuffing and sending out envelopes, verifying […]

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.

CEO Eric Meek and COO Danny Williams — who pleaded guilty to securities fraud last week — are no longer with the freight payments company.

Wintrust’s working capital lines of credit leave brokerages with more control than equity raises and have lower cost-of-capital than factoring.

Inside YRC’s fight with IPS Worldwide.

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

Incongruent payment cycles make it hard for low-credit businesses to fund their operations. BAM is a Fintech solution for the world’s oldest method of raising capital, factoring.

35 companies are being spotlighted in Venture Atlanta 2018, double the number of last year. These companies are already successful and making strides in a variety of venture and tech-related firms. Here’s a brief look at 10 of these companies, each of whom had a mere 5 minutes to pitch.

Cashflow Corner presented by TriumphPay …Factoring can be a great way for small businesses, especially trucking companies, to manage their cash flow effectively and not devote valuable time that can be better spent hauling the next load because you are chasing down a late payer.

Cashflow Corner presented by TriumphPay …One of the most costly tasks for small companies is chasing down accounts for payment, which is why many smaller fleets and owner-operators turn to factoring companies.