Relay Payments

CEO says Relay covers 75% of diesel payment market after Love’s deal

Relay Payments, its recent deal with Love’s Travel Stops in place, said its payment system now covers about 75% of all diesel sales in the U.S.

That’s extensive coverage for a payments company – a field that is as competitive as any in trucking – that only began operations in 2019 and at first was only used for making warehouse payments.

In announcing its integration with Love’s, Relay Payments said its customers would be able to use Relay for “secure, over-the-road payments, including fuel,...

https://www.freightwaves.com/news/ceo-says-relay-covers-75-of-diesel-payment-market-after-loves-deal

Relay Payments, Amous TMS and PURE Freight Lines team up to stop fuel fraud

Fraud is a hot-button issue across the logistics industry, with various scams costing companies serious time and money every year. Some types of fraud, like double brokering and cargo theft, are often spotlighted. Less discussed types of fraud, like fuel fraud, are just as insidious — and just as prevalent.

Fuel fraud manifests in several ways, including fuel card abuse, fuel pump tampering and falsification of fuel consumption records. All of these scams take a staggering financial toll on both...

https://www.freightwaves.com/news/relay-payments-amous-tms-and-pure-freight-lines-team-up-to-stop-fuel-fraud

Carriers should invest in technology to attract Gen Z workers, experts say

With the U.S. workforce slowly undergoing a change from baby boomers to a labor pool full of Generation Z workers, attracting and retaining candidates can be challenging for employers, especially trucking companies.

Truck driving is a hard profession and is often a job of last resort for many workers, but leveraging technology to attract younger employees is something almost any company can do, said Jamison Craig, head of growth-North America at Quincus, a Singapore-based software-as-a-service...

https://www.freightwaves.com/news/carriers-should-invest-in-technology-to-attract-gen-z-workers

RoadSync rolls out 2 new payment offerings for on-the-road expenses

RoadSync is extending its payment offerings through two new products, one of which has been rolled out in conjunction with two key trucking gatherings this week.

The latest new product for the company that has long been associated with electronic payment for lumpers is RoadSync Advance. RoadSync had booths at both the Truckload Carriers Association conference in Las Vegas at the start of the week and at the Mid-America Trucking Show in Louisville, Kentucky. 

Whereas the traditional RoadSync...

https://www.freightwaves.com/news/roadsync-rolls-out-2-new-payment-offerings-for-on-the-road-expenses

RelayGo released to speed up driver reimbursement

LAS VEGAS — Relay Payments, which has only been around since 2019 but has already pulled in some heavy outside funding, is rolling out a significant upgrade to its primary product that helps drivers get paid quickly for their expenses on the road. 

RelayGo is the name of the new offering. It is a step up from the current core product, Relay Codes. That product remains available and are both designed to do the same thing: provide a tool for fleets to quickly reimburse their drivers for expenses...

https://www.freightwaves.com/news/relaygo-released-to-speed-up-driver-reimbursement

Relay for LTL Carriers starts to speed up payments

Relay Payments launches a new service for LTL carriers

When it comes to payments, less freight can sometimes mean more problems. That’s especially true for less-than-truckload carriers, which are required to manually reconcile payments for each load on their trucks, which of course vary wildly in shape and size.

Fintech provider Relay Payments is hoping to make the lives of its LTL customers easier. The Atlanta-based company on Monday launched a payments solution, Relay for LTL Carriers, that automates the allocation of lumper fees across multiple...

https://www.freightwaves.com/news/relay-for-ltl-carriers-starts-to-speed-up-payments

Fintech does FreightTech: 5 companies you should know

A perfect storm has been brewing for FreightTech. 

High demand has led to low inventories, creating a response from visibility technology companies looking to improve supply chain resilience. 

Increased orders from customers have forced shippers to look at ways to optimize capacity, turning to digital players that use automation to consolidate shipments and find carriers where no one else can. 

Shippers looking to play technology catch-up have strategically partnered with planning and order...

https://www.freightwaves.com/news/fintech-does-freighttech-5-companies-you-should-know

Relay Payments plans to raise $60M for lumper remittance platform

After quietly raising $43 million over the last six months of 2020, Relay Payments is on its way to raising an additional round for its electronic payment platform.

According to a filing with the U.S. Securities and Exchange Commission last week, the Atlanta-based company is looking to raise $60 million, noting it has already raised $44.7 million from four investors since earlier this month.

Relay aims to provide a more efficient and safe process for shippers, brokers, fleet managers and drivers...

https://www.freightwaves.com/news/relay-payments-plans-to-raise-60m-for-lumper-payment-platform

Wild market rides continue — Midday Market Update

MMU 11/24

[fw-muse-video id=”ZhXTTsA”]

The Ever Given has finally been released and Suez Canal operations have resumed, but the repercussions are just beginning. On this episode of Midday Market Update, Kaylee Nix and Michael Vincent get the full story about impacts from the canal crisis. 

In headlines, Andrew Cox covers the fallout looming over East Coast ports as imports start slogging in behind schedule and brings news of a burrito delivery tech investment. He also talks about the massive and sudden...

https://www.freightwaves.com/news/wild-market-rides-continue-midday-market-update

Digital payments provider Relay partners with Old Dominion

Relay Payments partners with Old Dominion Freight Line

Electronic payments processing provider Relay Payments has entered into an agreement with less-than-truckload carrier Old Dominion Freight Line (NASDAQ: ODFL) to streamline payments for its more than 10,000 drivers as well as its customers.

Relay’s platform will automate the payment process for Old Dominion, digitizing reimbursements and eliminating paper receipts. The Tuesday press release said the agreement will also cover the 800 new drivers the carrier is adding to its network.

“Working with...

https://s29755.pcdn.co/news/digital-payments-provider-relay-inks-deal-with-old-dominion

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