OTR Clutch Debit Service is Empowering Carriers with Innovative Banking Solutions in the Trucking Industry
OTR Solutions has introduced OTR Clutch, a banking application designed for carriers in the United States.
Trucking looking at crypto and decentralized finance models to streamline industry payments
According to Allied Market Research, the 2021 global freight trucking market was worth over $2.7 trillion.
Early payments offered to Dick’s Sporting Goods vendors to increase inventory diversity
As part of the company’s progress toward diversifying suppliers for its retail stores, Dick’s Sporting Goods announced that they have partnered with capital platform C2FO.
Vendors now have more opportunities for supply chain financing
The corporate supply chain finance market grew globally to a whopping $1.8 trillion in 2021 - a 38% increase from 2020.
Is freight factoring worth it?
There are an array of elements that connect together in order for a factoring company to determine the rate they offer you.
Owner ops should consider factoring to increase cash flow
Factoring is a viable option for owner-operators in order to focus on driving, and less on collecting.
Carriers making factoring agreements: know your requirements
The rates are usually stated in the fine print, but it’s important that your company is aware of them.
Factoring company ECapital shifts focus to larger trucking companies
In 2020, factoring company ECapital released more than $4 billion in capital and anticipates providing an additional $5 billion in 2021.