TriumphPay

Widespread double brokering wreaks havoc on brokers and carriers in Q2

In Q2 2023, 85% of respondents to a survey — consisting notably of freight brokers and carriers — were impacted by double brokering.

That financial impact to their spend was steep, with nearly 56% of businesses experiencing a loss up to $50,000 and 18% seeing a drain of $50,000 to $150,000. An additional unlucky 10% experienced costs that ranged from $150,000 to $500,000, and 1% saw a loss greater than $500,000.

These results were among the most telling findings in FreightWaves and TriumphPay’s...

https://www.freightwaves.com/news/widespread-double-brokering-wreaks-havoc-on-brokers-and-carriers-in-q2

2023 Shipper of Choice profile: Univar Solutions

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 … Univar Solutions.

Founded in 1924, Univar Solutions is a global chemical and ingredients distributor. In...

https://www.freightwaves.com/news/2023-shipper-of-choice-profile-univar-solutions

2023 Shipper of Choice profile: Kraft Heinz

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The Shipper of Choice award, presented by FreightWaves in partnership with TriumphPay, recognizes...

https://www.freightwaves.com/news/2023-shipper-of-choice-profile-kraft-heinz

2023 Shipper of Choice profile: Lowe’s

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 … Lowe’s. 

Lowe’s is the second-largest home-improvement retailer in America, with over 1,700 stores and...

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

2023 Shipper of Choice profile: Molson Coors

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 … Molson Coors.

Molson Coors is a multinational beverage and brewing company with roots in both Canada and...

https://www.freightwaves.com/news/2023-shipper-of-choice-profile-molson-coors

TriumphPay records progress on profitability in tough quarter

Although some of the metrics at TriumphPay weakened in the second quarter, the trucking-focused Triumph Financial said that segment — which management sees as the key to its future — continued to move toward EBITDA profitability.

The management at Triumph Financial (NASDAQ: TFIN), which operates the TriumphPay payments and audit network as well as its traditional factoring activities, has repeatedly invoked earnings before interest, taxes, depreciation and amortization as the measurement of...

https://www.freightwaves.com/news/triumphpay-records-progress-on-profitability-in-tough-quarter

Wells Fargo lowers stock rating amid wait for TriumphPay’s profitability

Triumph Financial’s shares are down near a 52-week low, and now Wells Fargo has lowered the company’s rating.

But in doing so, the Wall Street bank appeared to affirm Triumph’s strategy that focuses on its open-loop payments system serving the trucking market with less attention given to its traditional factoring business.

Wells Fargo’s rating was cut to Underweight from Hold. Wells Fargo says in its documentation that Underweight is tantamount to a sell rating.

Triumph Financial (NASDAQ: TFIN)...

https://www.freightwaves.com/news/wells-fargo-lowers-stock-rating-amid-wait-for-triumphpays-profitability

Keynote: How new credit and working capital models can boost supply chain efficiencies and carrier financial health

This fireside chat recap is from FreightWaves’ Supply Chain Meets FinTech event Wednesday.

FIRESIDE CHAT TOPIC: How new credit and working capital models can boost supply chain efficiencies and carrier financial health

DETAILS: Melissa Forman, president of TriumphPay, speaks with Anne Reinke, president and CEO of Transportation Intermediaries Association, and Mark Baxa, president and CEO of Council of Supply Chain Management Professionals (CSCMP), about the importance of payment visibility...

https://www.freightwaves.com/news/keynote-how-new-credit-and-working-capital-models-can-boost-supply-chain-efficiencies-and-carrier-financial-health

2022 Shipper of Choice Profile: Tyson Foods

The Shipper of Choice award, presented by FreightWaves in partnership with TriumphPay, recognizes 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 2022 is … Tyson Foods. 

About Tyson Foods

New York Stock Exchange tickerTSN
HeadquartersSpringdale, Arkansas
FY...

https://www.freightwaves.com/news/2022-shipper-of-choice-profile-tyson-foods

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