How Triumph’s data reveals owner operator resilience

Core Insights - Triumph Capital's CEO Aaron Graft highlighted unexpected strength in factoring data for owner operators amidst a freight recession [1][2] - Government actions may tighten trucking capacity, potentially marking an "inflection point" in the market [2] Factoring Data - The average transportation invoice factored by Triumph in Q3 was $1,690, an increase of $27 from Q2, influenced by rising diesel prices [3] - The average factoring invoice price for fleet customers was $1,817, down $92 year-over-year, while owner operator invoices rose by $16 to $1,317 [4] Owner Operator Resilience - Owner operators are surviving due to lower fixed operating costs and greater flexibility, allowing them to adapt to unfavorable freight rates [4] - The ability to switch to alternative income sources, such as driving for Uber, enables owner operators to remain active in the market longer than anticipated [4]