TriumphPay

Tough trucking market hits EBITDA at TriumphPay; other indicators up

In his quarterly note to shareholders, Triumph Financial CEO Aaron Graft predicted that the headline on the earnings might be “TriumphPay swung to a loss this quarter” — one quarter after that growth segment at the trucking-focused bank had become EBITDA-positive.

And so it was: Earnings before interest, taxes, depreciation and amortization for TriumphPay was negative in the quarter. But as Graft noted several times in his unique quarterly shareholder missive, Triumph Financial is playing the...

https://www.freightwaves.com/news/tough-trucking-market-hits-ebitda-at-triumphpay-other-indicators-up

Borderlands Mexico: Samsara opens new office to focus on expanding cross-border trade

Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Samsara opens new office to focus on expanding cross-border trade; TriumphPay expands payments network to Mexico; China-based auto supplier to build $36M factory in Mexico; and Quantix acquires hazardous waste hauler in Houston.

Samsara opens new office to focus on expanding cross-border trade

San Francisco-based Samsara recently opened a new office in Mexico City...

https://www.freightwaves.com/news/borderlands-mexico-samsara-opens-new-office-to-focus-on-expanding-cross-border-trade

FreightTech Friday: 4 tech companies FreightWaves met at MATS

In March, Louisville, Kentucky, hosted the 52nd Mid-America Trucking Show, an event drawing a dynamic spectrum of stakeholders ranging from trucking companies, technology providers and OEMs to parts manufacturers and industry experts. This annual gathering serves as both a showcase of emerging trends and a celebration of the trucking lifestyle.

FreightWaves seized the opportunity to dive into current innovations, conducting interviews with four FreightTech companies poised to revolutionize...

https://www.freightwaves.com/news/freighttech-friday-4-tech-companies-freightwaves-met-at-mats

Investment bank praises Triumph Financial but cuts its stock price rating

Financial services analysts at Piper Sandler think Triumph Financial has a strong future over the next two years, but they aren’t too hot on the stock right now.

In a report that could be read as more of an endorsement of the strategy of the trucking-focused bank, analysts Frank Schiraldi and Justin Crowley on Monday cut their rating on Triumph Financial (NASDAQ: TFIN) to Underweight from Neutral. 

The reasons for their move are both somewhat complimentary to Triumph: The bank’s strategy is...

https://www.freightwaves.com/news/investment-bank-praises-triumph-financial-but-cuts-its-stock-price-rating

EBITDA at TriumphPay, its key metric, turned positive in Q4

Triumph Financial put it right at the top of its fourth-quarter earnings report: Its TriumphPay division, which combines its traditional quick pay services with the “open loop” invoice processing known simply as “the network,” was EBITDA-positive in the last three months of 2023.

In his lengthy note to shareholders, Triumph (NASDAQ: TFIN) CEO Aaron Graft said the milestone had been achieved one year ahead of schedule “despite a freight recession.”

Graft said several factors contributed to the...

https://www.freightwaves.com/news/ebitda-at-triumphpay-its-key-metric-turned-positive-in-q4

Relationships provide layer of protection against supply chain fraud

All forms of fraud – from double-brokering schemes to hacking attempts – are on the rise across the logistics industry. Due to a number of isolating factors, companies that tend to operate in a vacuum instead of collaborating with industry partners are the most vulnerable to these scams. As such, they also tend to be the most targeted.

Joining a network of industry professionals provides a tangible sense of security in today’s market. This is especially true in the billing and payment space.

Eac...

https://www.freightwaves.com/news/relationships-provide-layer-of-protection-against-supply-chain-fraud

2023 Shipper of Choice profile: BASF Corp.

The Shipper of Choice award, presented by FreightWaves in partnership with TriumphPay, recognizes the manufacturers, distributors and retailers that do the best job of keeping the American economy moving by fighting driver detention, providing accessible facilities and understanding what it takes to remove inefficiencies from the supply chain.

Among the top 25 Shippers of Choice for 2023 is … BASF Corp.

Florham Park, New Jersey-based BASF Corp. is the North American affiliate of BASF SE, the...

https://www.freightwaves.com/news/2023-shipper-of-choice-profile-basf-corp

What if freight doesn’t rebound until December 2024?

Is it possible the logistics industry won’t see a substantial rebound until December 2024?

That was the idea posed by Josh Bouk, chief partnership officer at TriumphPay, on the Stockout Monday, during an interview with FreightWaves’ Mike Baudendistel and Grace Sharkey. The prediction stands out as a departure from more optimistic projections that expect a turnaround to come in the second or third quarters of 2024. 

TriumphPay plays a pivotal role in the logistics industry, functioning something...

https://www.freightwaves.com/news/what-if-freight-doesnt-rebound-until-december-2024

TriumphPay expects another year of depressed freight rates

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TriumphPay’s CPO expects another year of depressed freight rates

(Image: FWTV)

On Monday’s The...

https://www.freightwaves.com/news/triumphpay-expects-another-year-of-depressed-freight-rates

TriumphPay’s EBITDA loss narrows, volume increases, factoring invoices stay flat

In the quarterly multipage letter to investors from Triumph Financial CEO Aaron Graft, improved financial performance at the company’s open-loop payment network went side by side with weaker numbers in its factoring business that would be expected in the middle of a freight recession.

Triumph (NASDAQ: TFIN) management has said repeatedly that the two most important numbers at TriumphPay were earnings before interest, taxes, depreciation and amortization and the number of transactions on its...

https://www.freightwaves.com/news/triumphpays-ebitda-loss-narrows-volume-increases-factoring-invoices-stay-flat

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