RXO has expanded its partnership with Triumph to launch new financial tools aimed at supporting carriers. The collaboration brings Triumph’s Factoring as a Service™ and LoadPay™ to the RXO Extra program.
The new service, called RXO Extra | Factoring, gives carriers faster access to payments, even if they don’t haul for RXO. They can receive same-day payments on approved invoices, 24/7, including weekends and holidays.
“This lets carriers get paid faster, whether they move loads for RXO or someone else,” said Lou Amo, president of RXO’s truck brokerage business. “It’s all about helping them work more efficiently and keep cash flowing.”
Powered by Triumph, the tools include:
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Factoring as a Service (FaaS) – a white-labeled tool that lets brokers offer factoring directly to carriers
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LoadPay – Triumph’s digital bank account built specifically for carriers, offering near-instant payments
RXO already uses Triumph’s audit and payment systems. Now, with this expanded partnership, the benefits are being passed directly to carriers through the RXO Extra program.
In addition, RXO Extra is a loyalty and discount program for carriers using RXO Connect®. The more loads they haul, the more perks they unlock, from load bonuses to savings on fuel, tires, maintenance, and more.
“RXO continues to deliver solutions that help carriers simplify their operations,” said Aaron P. Graft, CEO of Triumph Financial. “We’re proud to support them in that mission.”
