Invoice Factoring 101

DALLAS, TX – March 25, 2025 – Triumph Financial, Inc. (Nasdaq: TFIN) today announced a series of key leadership appointments designed to strengthen its organizational structure and position the company for long-term growth and innovation in the transportation and financial services industry.  Kim Fisk has been named president, factoring. She…

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NOTE: This article is for education and reference purposes only. You should always consult a tax professional to discuss your specific situation and finances.   It is nearly that time again – time to reflect on the year behind us, take inventory of our wins and losses, and plan for a…

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Editor’s Note: This information is for educational purposes only.   It takes some skin in the game to know enough about trucking to educate others. That’s something Sammy Lloyd has no shortage of.   A long-haul trucker for the last 25 years, Sammy got his CDL back in 2000, became an owner-operator…

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Editor’s Note: This information is for educational purposes only.   In this blog, you’ll hear from Chad Boblett, owner of Boblett Brothers, LLC and founder of the popular Facebook group, Rate Per Mile Masters. Based out of Lexington, Kentucky, Chad spends his days operating his business, providing expert advice within his…

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This content is for educational purposes only. In our series Level Up for 2025, we’re talking to major voices in the trucking industry to get their real-world advice for running a successful business. In this latest blog, you’ll hear from fleet owner and educator Alix Burton. Alix started his…

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Market downturns and unexpected life events, like being unable to drive for months, can take a toll on your income. That’s why we’ve launched a new video series featuring Chad Bobblett, founder of Rate Per Mile Masters, Alix Burton, founder of Good Energy, and Sammy Lloyd, Founder of Lloyd Trucking,…

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According to a report published by an email security provider last month, there has been a 175 percent year-over-year increase in transportation industry phishing scams in the last year. Transportation has become an attractive target for phishing scams because the industry’s daily operations involve numerous vendors,…

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With fuel, labor, insurance, equipment, and other operating costs at all-time highs, it’s never been more important to have a strategy for diversifying your income, so you can maintain or grow your business. Creating multiple revenue streams in your trucking business also reduces the risks associated…

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During a time when spot rates are low, many carriers are looking for new ways to make money in trucking. Enter power only — a strategy some truck companies are using to increase and diversify their monthly income. Before we examine why there are so many owners opting for power-only…

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Commercial truck driver detention, the extra time that truckers wait at shipping and receiving facilities due to delays unrelated to loading and unloading, is always a topic of discussion in the trucking industry – and for good reason.   The Federal Motor Carrier Safety Administration (FMCSA) announced earlier this year its…

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Triumph spoke to Chad Boblett, trucking expert and speaker, about creative ways for owners to differentiate their business and approach. In this interview, Chad shares his top tips for staying busy. The interview has been edited for length.   Note: This interview is for education only.   Triumph: How…

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In March of 2013, our clients Jelena (pictured) and Milenko Kacavenda started their trucking business, Lupus Superior LLC, with just two trucks. Mili, who at the time had multiple years of experience driving a commercial truck in Serbia, drove one of their two trucks when…

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It’s no secret that freight fraud and scams are increasingly common in the transportation industry. One of the most common forms of fraud currently causing the most significant problems in trucking is double brokering. Double brokering occurs when a load is transferred from one broker to…

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Every penny matters when you own a trucking company. A trucking fuel card helps you save on one of your biggest expenses. In this article, we’ll compare fuel card types for truckers, share some tips for optimizing your savings and learn how factoring and trucking fuel cards can work together…

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The Federal Motor Carrier Safety Administration, also known as the FMCSA, is a division of the U.S. Department of Transportation that regulates commercial motor vehicles and drivers of these commercial vehicles.   In 2023, the FMCSA instituted several new changes that impacted the trucking industry, including requirements surrounding automating braking systems,…

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DALLAS – May 6, 2024 – Triumph, a member of the Triumph Financial, Inc. (Nasdaq: TFIN) portfolio of brands, is pleased to announce the appointment of Todd A. Witmer as the new SVP, Business Development Officer for its asset based lending group. In this role, Witmer will play a pivotal…

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Load boards are a valuable resource for busy owner-operators like you. They connect you with freight brokers and loads easily and efficiently. Unfortunately, load boards can also be fertile ground for bad actors engaging in fraudulent activities such as double-brokering, freight fraud, holding loads hostage and outright cargo theft.   Criminals…

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The perfect fuel card can make a big difference in your business by helping you save cash and make your operations run smoother.  Here’s what to keep in mind when choosing a fuel card.  Key Factors in Choosing Fuel Cards  There isn’t a one-size-fits-all approach to choosing a trucking fuel…

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Managing cash flow is important. One way to bring down your business costs is to use a discount fuel card. Fuel cards offer significant advantages by providing discounts at the pump. Greater savings allows for increased investment in your business or even just more money in your pocket. Consider using…

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As a trucking business owner, you need the right tools to keep your operations profitable. Two things that boost your cash flow and savings are using a freight factoring company and a fuel discount card.  The impact to your business becomes even more powerful when these two are combined.

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Freight brokers provide access to loads and lanes that you may not otherwise be able to run, and those can become a fruitful source of revenue for your business.   However, payments from freight brokers may be delayed, and despite your best efforts to vet brokers, you may find yourself in…

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Pierre Laguerre, Myles McGregor, Casey Cooper, Amari Ruff. These are just a few names of Black trucking business owners who built successful companies that have left lasting legacies within the industry. Within publications, podcasts and social platforms focused on Black business, transportation has become a hot topic the past few…

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As a small fleet owner, a large portion of your operational spending goes to fuel, which must be planned for and controlled to maintain profitability and competitiveness. The Best Way to Plan for Fuel Expenses The first step toward efficient fuel expense budgeting is understanding the variables affecting fuel consumption.

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For small fleet owners, or single-truck-owner-operators, the cost of doing business can be huge. Fortunately, there are ways for carriers to save on one of the most expensive business costs that can’t be avoided – trucking insurance.   Insurance companies are looking for smarter and simpler ways for transportation companies to…

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Dallas, TX, January 30, 2024 – Triumph, a member of the Triumph Financial, Inc. (Nasdaq: TFIN) portfolio of brands and a leading provider of working capital financing solutions to the transportation industry, announced today the appointment of Kim Fisk as EVP, Chief Operating Officer (“COO”) of its factoring division.

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It’s no secret that you, as an owner-operator, can better manage your spending and save on fuel with the right fuel card program. But, what factors should you consider when making a decision? This is your road map for choosing the right diesel fuel card your trucking business. Whether…

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As a trucking business owner, you feel every dollar you spend, especially when it comes to fueling up. Diesel fuel is one of a trucker’s biggest expenses each month, but there are loads of discount fuel cards for truckers to help take away the  pain at the pump.  Before…

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Triumph, a member of the Triumph Financial, Inc. (Nasdaq: TFIN) portfolio of brands and a leading provider of working capital financing solutions to the transportation industry, announced today the appointment of Jason Heilig to the position of chief technology officer of its factoring division. He will…

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