Silicon Valley Bank (SVB), a division of First Citizens Bank, along with lending partner Trinity Capital, provided a $63 million warehouse facility to Denim, a technology-forward factoring partner for freight brokers. The financing, offered by SVB's...
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May 31, 2024, 08:01 AM
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The U.S. truck freight market ended 2023 with further declines in both shipment volume and spending, according to the latest U.S. Bank Freight Payment Index. Compared to the same period in 2022, fourth quarter shipment volume was down 15.7 percent...
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February 02, 2024, 07:05 AM
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Wintrust Receivables Finance (WRF) closed a new $7.5 million account receivable line of credit for a Midwest-based transportation broker that specializes in drayage. Drayage is the transport of goods by truck from a seaport, inland port, or...
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November 16, 2023, 07:47 AM
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eCapital named Amanda Rudd as SVP, Director of Business Development for its Freight Factoring Division. Rudd brings more than 13 years of expertise providing accounts receivable financing to small and large trucking companies and freight brokers.In...
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September 16, 2021, 07:14 AM
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Hilco Global has issued a timely report on the current state of the intermodal chassis market one year after freight traffic reached its lowest level of the ongoing pandemic. The report is accompanied by an industry primer developed to assist...
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July 13, 2021, 07:35 AM
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FreightRover LLC, a provider of supply chain management and payment solution technology for the transportation industry, announced it has closed on a new financing facility of up to $500 million with Crayhill Capital Management LP ("Crayhill") and...
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September 27, 2018, 07:00 AM
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MidCap Financial and Ares Commercial Finance announced that they have jointly provided an $80.0 million senior credit facility to a specialized trucking and environmental service provider, Action Enterprise Holdings, LLC d/b/a Action Resources. The...
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December 06, 2017, 07:17 AM
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Santander Bank announced that its Corporate and Commercial Banking division has closed a $10 million senior secured revolving line of credit with OL International, an ocean and airfreight cargo transportation provider.Michael Grande, Senior Vice...
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April 11, 2017, 07:05 AM
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