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How Faster Pay Fuels the Trucking Industry

Jul 25, 2019 at 08:37 AM CST

Truckers haul 71 percent of America’s freight tonnage, keeping retailers supplied and in business — but not without challenges. Slim margins, emergency needs and mounting daily expenses can halt day-to-day operations — and retail shipments — as truckers can wait more than a month for invoice payments, says Apex Capital Chief Strategy Officer Brian Carlgren. In this month’s Faster Payments Tracker, Carlgren explains how fast, mobile-based factoring can help truckers keep on trucking.