OTR Solutions

Most freight brokerages say they can handle whatever the market throws at them. Nearly two-thirds report feeling resilient despite rate swings, volume drops, and cash crunches, according to new research from FreightWaves and OTR Solutions. Digging deeper into the numbers, however, a different story emerges. About 68% of surveyed brokerages experienced financial stress over the […]

The freight brokerage industry is at a pivotal moment. Market volatility, rate swings, and cash-flow pressure continue to strain operations, pushing brokerages to strengthen resilience through smarter processes and strategic automation. FreightWaves and OTR Solutions surveyed brokers across the industry to understand how they’re navigating today’s environment, and what sets resilient operations apart. The findings […]

The freight industry continues to push toward tighter integration between financial tools and operational technology, and the latest move between OTR Solutions and TruckSmarter underscores just how quickly that convergence is accelerating.  OTR Solutions has acquired TruckSmarter’s factoring and banking division, a shift that consolidates financial services under one of the industry’s most established fintech […]

The dual pressure of shrinking margins and escalating fraud has prompted brokers to take a hard look at their day-to-day workflows. There are unfortunately plenty of weak points that could be costing many brokers money and exposing them to risk. One area that often flies under the radar: the inbox.

Improved auditing reduced write-offs to below 1%.

Tech and transportation providers among those honored.

DAT and OTR, one-time partners involved in a lawsuit over factoring, have settled a legal dispute.

A legal battle between DAT and OTR Solutions has been decided in favor of OTR.

It was AI all the way at the Transportation Intermediaries Association conference as companies rolled out new solutions to aid the brokerage community.

Supply chain executives at companies ranging from freight brokerages to factoring companies discussed impacts of the freight cycle, technology and lower margins during Freightwaves’ Future of Supply Chain event in Atlanta. Here’s what you need to know.

This week, training software for the DOD is serving the freight community; CargoSense closes its Series A; a trucking company adds autonomous offerings; and Truckstop.com hires a new CFO.

The rapid introduction of new competitors and technology in freight is producing a rapid downward trend in brokerage gross margins. To remain competitive, cost visibility and controls are paramount.

OTR Solutions announced its acquisition of Epay Manager to enhance its fintech products with a distinctive audit-proof invoicing system.

Brokers and carriers are still feeling the sting of the ongoing freight recession, and factoring companies can be critical partners during this time.

Strong partnerships will be necessary to ensure carriers can keep moving — and keep getting paid — into 2024, allowing for a more measured approach for owner-operators and fleets to manage their cash flow.

FreightWaves’ Rachel Premack spoke with OTR Solutions’ EVP Clayton Griffin about the current state of freight brokerages and the risk they pose to carriers.

A white paper by factoring company OTR Solutions highlights risks it sees from the combination of 3PL bankruptcies and asset-based lending.

Convoy and OTR Solutions have issued a joint statement saying that the situation has been resolved.

“In an era where financial empowerment can impact the success of companies and the livelihood of small business owners, we’re making sure the trucking community can take advantage,” says OTR CEO Fritz Owens.

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.

“Cash flow and back-office support has always been a large part of what we do. Yet there are so many other ways to help small and midsized carriers better compete in the industry, to not only survive tough market conditions but thrive during the better days as well,” said co-founder and CEO Fritz Owens.