factoring News Updates

Truck stop operator Love’s expanded its financial services arm with the acquisition of three factoring companies. The deals follow earlier factoring acquisitions in July 2020 and July 2024.

A potentially explosive June 17 emergency hearing in the Superior Court of Cobb County in Georgia was canceled after the two companies settled. Neither provided details on what it involved.

OTR alleges DAT’s acquisition of Seattle-based Outgo and subsequent actions breach binding agreements between the erstwhile partners and are causing harm to OTR’s business.

Bibby Transportation Finance is turning to automation and artificial intelligence to speed up the process to pay truck drivers and fleets who factor their invoices to get cash up front.

Freight factoring is on the upswing this year as traditional banks apply stringent lending standards and truckers who are most likely to sell invoices benefit from a robust spot market, industry executives say.