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RXO Offers Factoring and LoadPay to Carriers Through Expanded Relationship with Triumph
Globenewswire· 2025-07-10 20:35
Core Insights - RXO and Triumph have expanded their partnership to provide new financial tools and services aimed at improving efficiency and profitability for carriers [1][3] - RXO Extra | Factoring, powered by Triumph, offers Factoring as a Service™ and LoadPay™, enabling carriers to access quick payments and seamless factoring services [2][3] Company Overview - RXO is a leading provider of asset-light transportation solutions, offering tech-enabled truck brokerage services and complementary solutions across North America [6] - Triumph is a financial and technology company focused on modernizing freight transactions through payments, factoring, and banking solutions [6][7] Service Details - RXO Extra | Factoring allows carriers to receive same-day payments on approved invoices, available 24/7, enhancing cash flow management [2][3] - LoadPay is a digital banking solution designed specifically for the freight industry, providing fast access to funds and tailored tools for transportation businesses [7] Loyalty Program - RXO Extra™ is a loyalty program that rewards carriers for hauling loads through RXO Connect, offering savings and bonuses as they progress through loyalty tiers [4]
RXO (RXO) FY Conference Transcript
2025-05-08 15:30
RXO (RXO) FY Conference May 08, 2025 10:30 AM ET Speaker0 Good morning, everyone. Thanks for joining us today. I'm Scott Schnaberga, the senior business and industrial services analyst at Oppenheimer. It's our pleasure to have RXO here to speak on the company's investment story. We have, with us from the company, CEO Drew Wilkerson and chief strategy officer Jared Weisfeld. RXO is a leading tech enabled transportation brokerage platform with truck brokerage, the cornerstone asset. We'll be using a fireside ...