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.
PayPal reported its “strongest first-quarter results” in company history on Wednesday, posting $6.03 billion in revenue and a 46% increase in total payment volume.
Former PayPal executive John Lunn has returned to payments with Gr4vy, which has landed an $11.1 million Series A funding round.
PayPal has enabled the ability for customers on Venmo to buy and sell cryptocurrencies within the app.
TriumphPay is acquiring HubTran to integrate machine-learning capabilities for a fully integrated payments network for its customers.
Global payments technology provider Stripe has raised $600 million in a new funding round at a $95 billion valuation, making it the most expensive startup in the U.S.
When it comes to freight audit and payment strategy, shippers don’t operate as a monolith.
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Fuel card provider WEX Inc. reports a solid fourth quarter but calls out weakness in the trucking market.
Asset quality mostly improved but net interest margin compressed by 62 bps.
Fuel card and business payments provider, FLEETCOR, reports increases in fuel and toll revenue. Management said that they are seeing general softness across all trucking markets, domestically and abroad.
When Jim Handoush was growing up, he thought he was destined to work for Apple, which was in its infancy at the time. Today, Handoush doesn’t work at Apple, but is now helping guide the ship for another startup that is hoping to be just as disruptive.
Fleetcor modestly raises earnings guidance and says the acquisition pipeline has a couple of likely deals in the fuel, corporate payments and lodging segments.
WEX, Inc. (NYSE: WEX), a multi-channel provider of corporate payment solutions, reported earnings of $1.72 per share, down 9 percent year-over-year, but $0.03 per share higher than the consensus estimate. Additionally, the company increased earnings guidance for the year. Total revenue increased 8 percent to $381.9 million. Adjusted operating margin was 470 basis points lower […]
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.
Inside YRC’s fight with IPS Worldwide.
TriumphPay seamlessly integrates into a brokerage’s existing TMS (Transportation Management System) and core accounting platforms so that brokers can confirm payment to carriers with a click of a button. Brokers can customize their payment terms, including quick-pay options.
Thousands of European cryptocurrency debit card users were left in the lurch when Visa suddenly discontinued their services to crypto debit card issuer WaveCrest earlier this month.
When you run a trucking business that has weekly and daily bills such as salaries and fuel, but shippers pay at 30, 60 or even 90 days, ensuring you have the proper cash flow to maintain operations can be tricky. That’s why many owner-operators and smaller fleets have turned to invoice factoring.
