RXO announced an expanded relationship with Triumph, a financial and technology company, to provide new financial tools and services to carriers. This collaboration introduces RXO Extra | Factoring, a Triumph-powered offering that includes Factoring as a Service™ and LoadPay™.
These services offer carriers access to seamless factoring and fast, reliable payments, including same-day payments, on approved invoices, available 24 hours a day, seven days a week. This offering is available to all carriers, even those not exclusively hauling for RXO.
Lou Amo, President of RXO’s truck brokerage business, stated that this expanded relationship aims to improve carrier efficiency and profitability by enabling quicker and easier payments. This initiative is part of RXO Extra™, a loyalty program designed to provide discounts and bonuses to carriers.
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