Triumph Business Capital
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News
The Daily Dash: Amazon and malls; Convoy’s big deals; and could a big deal fall through?
In today’s edition of The Daily Dash, Amazon is looking at how it might utilize mall space and Convoy unveils some big deals for carriers.…
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Trucking
Sale of Covenant factoring business to Triumph hits a snag
Sale of TFS hits a dispute over status of more than half the assets in the deal
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Business
Triumph’s factoring business softens in most significant metrics
Number and average size of invoices purchased both declined from 1Q 2020 and 2Q 2019
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Business
Covenant sells its factoring arm to Triumph
TFS being sold for more than $100 million, other considerations
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Driver issues
Trucker Path partners with Motel 6 to offer 12% discount to drivers during COVID-19 pandemic
Motel 6 is offering a 12% discount to truck drivers who book a room at one of its 1,400 hotels through the Trucker Path app.
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Blockchain
Graft: smart contracts will reduce factoring costs
Smart contracts will lower the labor costs—and thus the price—of receivables factoring, but don’t expect same-day payments because the technology won’t change fundamental capital requirements,…
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Cash Flow Corner
Pros and cons of an extended warranty program
Cashflow Corner presented by TriumphPay You’ve taken the leap and decided to purchase your own truck. Or maybe you run a small fleet and have a…
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Cash Flow Corner
Automation offers cost-saving solution to cash flow problems
Manual processes may appear cheaper at first, but studies have shown that switching to automated accounting programs for account payables and receivables saves money in…
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Cash Flow Corner
Key data points for the year in freight
With third-quarter GDP coming in at 3.2% growth and fourth-quarter GDP also expected to best the 3% mark, which would be the third consecutive quarter…
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Cash Flow Corner
How a factor can turn your fleet into a profit center
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…
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