US Bank

Higher interest rates place spotlight on supply chain finance

Trucks leave Port of Houston loaded

Longer sales cycles, higher inventory costs and a steady drumbeat of interest rate hikes have buyers and suppliers looking to stretch capital by using supply chain finance programs.

Supply chain finance is a short-term financing arrangement that speeds up the settlement of transactions between buyers and suppliers. It allows buyers to extend the payment window for purchases while suppliers get paid early. Supply chain finance allows both parties to optimize cash flow by using a financial...

https://www.freightwaves.com/news/higher-interest-rates-place-spotlight-on-supply-chain-finance

The Daily Dash: Freight markets burning up; nuclear verdict reversed

The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, freight markets remain on fire and indications are it may continue that way for quite a while. Plus, portions of I-10 reopen following Hurricane Laura and hearing impaired truckers seek relief from certain commercial driver’s license requirements.

Will the good times last?

A new white paper from FreightWaves’ Freight Intel Group, Blume Global and U.S. Bank highlights what could be a multiyear uptick...

https://s29755.pcdn.co/news/the-daily-dash-freight-markets-burning-up-nuclear-verdict-reversed

Trucking industry expected to remain on upswing through 2021

Despite economic conditions taking a dive due to COVID-19, the trucking market has persisted and looks to remain on an upward trajectory heading into 2021. The industry’s strong fundamentals have FreightWaves researchers suggesting that it may spark a multiyear upcycle for trucking.

In partnership with Blume Global and U.S. Bank, FreightWaves’ Freight Intel researchers have identified and analyzed the macroeconomic variables that shaped the dynamic freight landscape during the first half of 2020...

https://s29755.pcdn.co/news/trucking-industry-expected-to-remain-on-upswing-through-2021

US Bank rolls out ‘cafeteria-style’ payment system for carriers

U.S. Bank, a major payments processor and lender to the trucking industry, has rolled out a new tool that will compete head-on with factoring.

It involves technology, but more significantly it involves the ability of a carrier to choose which specific invoices get paid early and which ones don’t. 

John Hardin, general manager of transportation in the Corporate Payment Systems of US Bank, used the term “accelerate” to describe what a carrier would be able to do with the Cash Manager dashboard....

https://s29755.pcdn.co/news/u-s-bank-rolls-out-cafeteria-style-payment-system-for-carriers