FR8Star and Triumph Business Capital Partner to Extend Credit for Shippers
OAKLAND, Calif. (PRWEB) May 08, 2018 -- FR8 Revolution, creators of the FR8Star.com marketplace for open deck carriers and shippers, today announced a partnership with Triumph Business Capital, member of the Triumph Bancorp, Inc. group and provider of factoring and payment processing solutions to small and medium sized businesses. The agreement provides access to credit for shippers of open deck freight.
FR8Star’s marketplace addresses industry demand from enterprise shippers for fast and reliable booking of freight shipping by matching shippers with qualified carriers nationwide. The partnership with Triumph further streamlines the transport booking process by offering pre-approved credit for shippers.
“The strength of our commitment to our clients is reflected in product innovation and the strategic partnerships we establish,” said Steven Hausman, Chairman, Triumph Business Capital. “FR8Star has emerged as a major player in the freight industry with their online marketplace matching shippers with qualified carriers. We are pleased to be able to expand opportunities for their shippers and distributors to facilitate the transportation of flatbed freight.”
FR8Star.com is the leading specialized transport marketplace for moving open deck and oversize / overweight loads. The platform provides instant shipping rates, and the option to book shipping online for a fixed rate or get bids from the FR8Star carrier network. FR8Star’s carriers bid on and book high-value loads using the online marketplace. The service offers instant pay to carriers upon freight drop-off with no broker or factoring fees.
About FR8 Revolution
Founded in 2015, FR8 Revolution develops cloud-based, data-driven tools that improve efficiencies, reduce costs and provide unparalleled transparency in the open deck freight transportation industry. The FR8Star.com marketplace enables shippers to move legal and oversize/overweight loads with reliable pricing estimates, optimal shipping routes and real-time freight tracking. Specialized open deck carriers can easily develop quotes and bid on high-value loads using a free freight rate calculator that factors all third-party expenses including state permit and escort costs. FR8Star eliminates unnecessary factoring fees to carriers by providing fuel advances at pickup and instant pay at drop-off. For more information, visit http://www.fr8star.com
Media Contact:
Jake White
310.702.4955
jake(at)fr8star.com
About Triumph Business Capital
Triumph Business Capital is a provider of invoice factoring solutions for industries including transportation, oil and gas, manufacturing, staffing, security, wholesalers, distributors and business services. Since joining Triumph Bancorp, Inc. group in January 2012, Triumph Business Capital has the ability to offer equipment financing and asset-based lending products through Triumph Commercial Finance and insurance through Triumph Insurance Group.
Media Contact:
Gena Mann
214.513.9636
gmann(at)triumphbcap.com
Jake White, FR8Star, http://www.fr8star.com, +1 (310) 702-4955, [email protected]
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