Press Releases

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…

Read Article

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…

Read Article

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…

Read Article

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…

Read Article

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…

Read Article

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,…

Read Article

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,…

Read Article

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…

Read Article

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…

Read Article

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…

Read Article

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…

Read Article

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…

Read Article

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…

Read Article

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…

Read Article

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,…

Read Article

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…

Read Article

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…

Read Article

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…

Read Article

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…

Read Article

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.

Read Article

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…

Read Article

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…

Read Article

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.

Read Article

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…

Read Article

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.

Read Article

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…

Read Article

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…

Read Article

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…

Read Article

In celebration of Asian-American, Native Hawaiian, and Pacific Islander Heritage month, we’d like to highlight Raman Dhillon, founder of an organization helping more than 100,000 truckers – the North American Punjabi Trucking Association (NAPTA).  Punjab is a region spanning Northwestern India and Eastern Pakistan that is…

Read Article

With rising fuel prices, fuel fraud is on the rise, too.   Here are some tips to help you make your account more secure and spot possible fraudster devices. Lower spending limits per transaction on your card(s) to what will be needed per fill-up. Limits can be set by dollar…

Read Article

Triumph, formerly known as Triumph Business Capital, member of the Triumph Bancorp, Inc. group and provider of working capital financing solutions to the transportation industry, announced today its selection as a 2022 “Top Company for Women to Work For in Transportation” by Redefining the Road, the official magazine of…

Read Article

That’s a wrap! For the third time in four years, Triumph hosted its soccer tournament for more than a dozen transportation and logistics companies in the Chicago area on August 13. On a beautiful, 75-degree day, more than 300 fleet owners, drivers, family members, and friends made the trek to…

Read Article

From the loading dock to the office, transportation and logistics companies are primarily made up of men. But, things are changing and quickly. Women in Trucking, an organization focused on gender diversity, non-partisan legislation, and job support, recently published a gender diversity index. According to the data, 39.6…

Read Article

Triumph, formerly known as Triumph Business Capital (TBC) was highlighted in the July issue of SF Net’s “The Secured Lender Magazine,” an industry publication focused on the finance and alternative finance space. The most recent edition, which focused on ABLs and factoring companies, emphasized growth trends by product segment within…

Read Article

Fuel is one of the largest ongoing expenses for any fleet and is estimated to account for 24% of total operational costs. If fuel costs and usage are efficient, it would follow that the fleet itself is running efficiently as well. Unfortunately, managing fuel costs can be extremely challenging…

Read Article

EDITOR’S NOTE: This blog is for educational purposes only. Please refer to the appropriate state and federal websites for more information. The trucking industry is dynamic, complex, and ever-evolving. Running a successful fleet or owner-operator business requires a deep understanding of various trucking regulations and new trucking laws. Staying on…

Read Article

Building a successful and efficient fleet is no easy task. Tracking equipment, managing drivers, analyzing costs, ensuring regulatory compliance, and providing top-notch customer service are essential daily activities. But how do you know if you are moving in the right direction? Fleet management metrics and fleet utilization metrics provide the…

Read Article

Truck drivers are often faced with long hours, hundreds of miles of highway, and a lot of time to tune into satellite radio or their favorite podcasts. With such a broad range of podcasts available, it can be hard to find high-quality content that is informative, relevant, and entertaining. Here…

Read Article

Dallas – October 4, 2021 – Triumph, formerly known as Triumph Business Capital, a member of the Triumph Bancorp, Inc. (Nasdaq: TBK) group and provider of working capital financing solutions to small and medium-sized business, announced today the appointment of Rob Wright as chief product officer. Wright will report to…

Read Article

The second Chi-Town Showdown Soccer Tournament took place July 24 in Chicago, and FC Bodrost Chicago defended their title and took home another trophy. After a long day of tournament play, only two teams remained. FC Bodrost Chicago and Strong One Freight finished a close game with a final…

Read Article

Dallas – April 26, 2021 – Triumph, formerly known as Triumph Business Capital, a member of the Triumph Bancorp, Inc. (Nasdaq: TBK) group and provider of working capital financing solutions to small and medium-sized business, announced today the appointment of Amber Roy as chief operating officer. Roy will report…

Read Article

The transportation world is always on the go, sometimes making it difficult for carriers who spend their days on the road to stay up to date with new developments. That’s why trucking events and expos are so valuable. As long as you can find a weekend to attend – in person or online — one of these transportation events…

Read Article

There is a lot of excitement going around for freight broker events in 2021. These events will showcase new technology, introduce new industry-specific knowledge, and give you an idea of where the logistics space is headed.   No matter what size broker you are, you’ll find an event that’s perfect for…

Read Article

Being the owner and operator of your own trucking business is a huge opportunity for a lot of people. The ability to be your own boss, call all the shots, and build your business from the ground-up has enticed people for generations.  If you’re thinking about getting…

Read Article

Not knowing what you don’t know can put you out of business. On average, we see one factoring client per day shut their doors due to the inability to service ACH bank withdrawals associated with Merchant Cash Advance and other Cash Invoice Advance Loans. If something seems too…

Read Article

The coronavirus has forced everyone to take a step back from trying to improve their cash flow and take a ‘get back to the basics’ approach. The ability to build a professional network and strengthen existing relationships or make new contacts is just one more area of business that has…

Read Article

Working capital is the life blood of every small business. Without working capital, you won’t have the money to pay overhead expenses, purchase raw materials, meet your payroll, or pay your vendors. In fact, a lack of working capital combined with poor cash flow is behind most small…

Read Article

DALLAS, TEXAS Triumph, formerly known as Triumph Business Capital, member of the Triumph Bancorp, Inc. group and provider of working capital financing solutions to small- and medium-sized businesses, announced today the hiring of Erik T. Bahr as executive vice president of sales. He will report to Geoff Brenner,…

Read Article

The trucking industry is a unique one, but it is not exempt from the digital age that we are living in today. According to our invoice factoring company, while truckers of the past may not have seen a need for a website, there are a few reasons why you…

Read Article

Many owner-operators start to consider factoring or take broker QuickPays when they don’t want to wait more than a few days to get paid on a delivered load. You can’t afford to turn down loads, but you can’t run your business without consistent income. This is why…

Read Article

As a leading invoice factoring company that offers tailored solutions to the trucking industry, we know that fuel is one of your biggest expenses. Knowing how to calculate fuel cost consumption for a truck is essential for all trucking companies of all sizes, from owner-operators to fleet owners.   …

Read Article

The freight broker game continues to change the way that cargo is moved. Technology now dominates an industry that used to require nothing more than a telephone and a poster board. Staying on top of the changes in this fast-paced industry requires knowing what’s trending and what new tech is…

Read Article

Trucking events can be some of the best ways for busy, on-the-road carriers to see what’s going on in the world of transportation. Many shows have huge expo halls that you can walk and get a glimpse of the latest and greatest products on the market for tru…

Read Article

As a factoring company, we talk to business owners everyday about cash flow. Some complain about slow payments. Others work in unpredictable or seasonable industries and are looking for some help to make it through the harder months.   In…

Read Article

Is next year the right time to pursue your dreams and start your own trucking business? It could be. With an estimated shortage of 60,000 truckers nationwide (with estimates it will hit six figures by 2024), there will be plenty of opportunity to become an…

Read Article