Kimberly Fisk has been in the factoring business long enough to remember when factoring was known as the F-word.
But the growth that Fisk, recently installed chief operating officer at Triumph Financial Services LLC, has seen in her more than 11 years at Triumph is enormous. Triumph now purchases about 600,000 invoices per month for factoring. Five or six years ago, she said, “It was about half of that, because we have grown much more in size in the last couple of years.”
FreightWaves...
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CloudTrucks CEO Tobenna Arodiogbu has announced that his company is exiting the factoring business...
The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, Walmart CEO Doug McMillon detailed some of the retailer’s goals for innovation. Plus, the Federal Motor Carrier Safety Administration has added members to a 16-member committee focused on motor carrier safety, and Navistar plans to close an engine plant.
Supply chain innovator?Walmart (NYSE: WMT) CEO Doug McMillon delivered a far-reaching keynote address at CES2021, painting in broad strokes the...
https://s29755.pcdn.co/news/the-daily-dash-is-walmart-the-great-supply-chain-innovator
Pilot Co. and RTS Financial are teaming up to provide factoring services to Pilot customers, an arrangement that the truckstop giant has with no other factoring company.
The two companies announced earlier this week that they were creating a “fuel and factoring partnership.” In the prepared statement accompanying the announcement, as well as in response to questions from FreightWaves, the specifics of the program were somewhat vague. But one thing was unambiguous: This is a unique arrangement...