RXO and Triumph expand partnership to offer financial services, enhancing efficiencies and payment options for carriers in transportation.
Quiver AI Summary
RXO and Triumph have expanded their partnership to launch RXO Extra | Factoring, a new financial service for carriers that includes Factoring as a Service™ and LoadPay™, Triumph’s digital banking solution. This offering allows carriers—regardless of whether they work with RXO—to access quick and reliable payments, including same-day payment on approved invoices, available around the clock. RXO aims to enhance operational efficiency and profitability for carriers, providing them with branded factoring services and payment tools that improve cash flow. The RXO Extra program also offers loyalty rewards and discounts on various services for carriers. Both companies highlight their commitment to simplifying financial transactions in the transportation industry.
Potential Positives
- RXO has expanded its partnership with Triumph to offer innovative financial tools and services for carriers, enhancing its value proposition in the transportation sector.
- The launch of RXO Extra | Factoring allows carriers access to fast, reliable payments, improving their cash flow and operational efficiency, which can enhance customer satisfaction.
- This new offering is available to all carriers, not just those that haul loads for RXO, broadening RXO's appeal and potential customer base.
- RXO Extra | Factoring is part of RXO Extra™, a loyalty program that incentivizes carriers to engage more with RXO's services, potentially increasing load volume and revenue for the company.
Potential Negatives
- Press release emphasizes the collaboration with Triumph, potentially downplaying RXO's independent capabilities and reliance on external partners for critical financial services.
- Introduction of new services may signal a response to competitive pressure in the asset-light transportation solutions sector, indicating RXO's need to adapt rather than leading the market.
- Forward-looking statements include numerous risks and uncertainties, which may raise concerns among investors regarding the company's future performance and financial stability.
FAQ
What is RXO Extra | Factoring?
RXO Extra | Factoring is a new offering that provides seamless factoring and fast payment solutions for carriers.
How does Factoring as a Service work?
Factoring as a Service is a white-labeled solution that enables brokers to offer branded factoring and payment services directly to carriers.
What benefits does LoadPay provide to carriers?
LoadPay allows carriers to receive payments in minutes on approved invoices, improving cash flow management.
Can non-RXO carriers use RXO Extra | Factoring?
Yes, RXO Extra | Factoring is available to all carriers, not just those that haul for RXO.
How can carriers learn more about RXO Extra | Factoring?
Carriers can visit https://rxo.com/carriers/rxo-extra/rxo-extra-factoring for more information.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$TFIN Insider Trading Activity
$TFIN insiders have traded $TFIN stock on the open market 13 times in the past 6 months. Of those trades, 10 have been purchases and 3 have been sales.
Here’s a breakdown of recent trading of $TFIN stock by insiders over the last 6 months:
- AARON P GRAFT (President & CEO) has made 0 purchases and 2 sales selling 15,500 shares for an estimated $1,011,615.
- EDWARD JOSEPH SCHREYER (EVP, Chief Operating Officer) sold 7,275 shares for an estimated $436,500
- CARLOS M SEPULVEDA has made 2 purchases buying 7,030 shares for an estimated $334,967 and 0 sales.
- CHARLES A ANDERSON purchased 3,950 shares for an estimated $201,292
- DAVIS R DEADMAN has made 3 purchases buying 2,500 shares for an estimated $101,870 and 0 sales.
- DEBRA A BRADFORD purchased 1,508 shares for an estimated $74,480
- HARRISON B. BARNES purchased 1,000 shares for an estimated $53,650
- MICHAEL P RAFFERTY has made 2 purchases buying 1,338 shares for an estimated $28,617 and 0 sales.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$TFIN Hedge Fund Activity
We have seen 82 institutional investors add shares of $TFIN stock to their portfolio, and 106 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- THRIVENT FINANCIAL FOR LUTHERANS removed 493,113 shares (-41.9%) from their portfolio in Q1 2025, for an estimated $28,501,931
- KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC added 330,165 shares (+12.4%) to their portfolio in Q1 2025, for an estimated $19,083,537
- WELLINGTON MANAGEMENT GROUP LLP removed 226,555 shares (-69.5%) from their portfolio in Q1 2025, for an estimated $13,094,879
- AMERIPRISE FINANCIAL INC removed 204,472 shares (-81.3%) from their portfolio in Q1 2025, for an estimated $11,818,481
- BARROW HANLEY MEWHINNEY & STRAUSS LLC removed 185,500 shares (-22.0%) from their portfolio in Q1 2025, for an estimated $10,721,900
- WOODSON CAPITAL MANAGEMENT, LP removed 140,000 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $8,092,000
- MARSHALL WACE, LLP added 108,109 shares (+456.4%) to their portfolio in Q1 2025, for an estimated $6,248,700
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$TFIN Price Targets
Multiple analysts have issued price targets for $TFIN recently. We have seen 4 analysts offer price targets for $TFIN in the last 6 months, with a median target of $56.0.
Here are some recent targets:
- Hal Goetsch from B. Riley Securities set a target price of $55.0 on 04/23/2025
- Gary Tenner from DA Davidson set a target price of $56.0 on 04/21/2025
- Timothy Switzer from Keefe, Bruyette & Woods set a target price of $56.0 on 04/21/2025
- Matt Olney from Stephens & Co. set a target price of $109.0 on 01/23/2025
Full Release
DALLAS and CHARLOTTE, N.C., July 10, 2025 (GLOBE NEWSWIRE) -- RXO (NYSE: RXO), a leading provider of asset-light transportation solutions, and Triumph (Nasdaq: TFIN), a financial and technology company focused on payments, factoring, intelligence and banking solutions for the transportation industry, today announced the expansion of their relationship to deliver new financial tools and services to carriers.
RXO has launched RXO Extra | Factoring, a Triumph-powered offering that includes Factoring as a Service™ and LoadPay™, Triumph’s digital banking solution for carriers. The services provide carriers, even those that don’t haul for RXO, with access to seamless factoring and fast, reliable payments, including same-day payments, on approved invoices. They are available 24 hours a day, seven days a week, including weekends and holidays.
“Our expanded relationship with Triumph is enabling us to provide carriers with even more ways to improve their efficiency and profitability,” said Lou Amo, president of RXO’s truck brokerage business. “RXO Extra | Factoring allows carriers to get paid by RXO and other freight providers more quickly and easily.”
Factoring as a Service (FaaS) is a white-labeled solution powered by the Triumph Network that enables brokers to offer branded factoring and payment services directly to carriers. It combines Triumph’s funding and technology infrastructure to help brokers improve carrier cash flow and strengthen relationships. LoadPay is Triumph’s purpose-built digital bank account for carriers, allowing payments to be received in minutes on approved invoices. RXO currently uses Triumph’s audit and payment capabilities.
RXO Extra | Factoring is part of RXO Extra™, a loyalty program and discount marketplace for carriers. By hauling loads through RXO Connect ® , carriers rise through loyalty tiers to earn more savings and bonuses on loads. In addition, through industry partnerships, RXO Extra offers carriers discounts on fuel, maintenance and tires, retail, and more.
“RXO continues to demonstrate its commitment to the carrier community by delivering tools that simplify operations and improve cash flow,” said Aaron P. Graft, founder and chief executive officer of Triumph Financial. “We’re proud to expand our work with RXO and help carriers across their network transact confidently.”
Carriers can learn more about RXO Extra | Factoring by visiting https://rxo.com/carriers/rxo-extra/rxo-extra-factoring .
About Triumph
Triumph (Nasdaq: TFIN) is a financial and technology company focused on payments, factoring, intelligence and banking to modernize and simplify freight transactions. Headquartered in Dallas, Texas, its portfolio of brands includes Triumph, TBK Bank and LoadPay. www.Triumph.io
About RXO
RXO (NYSE: RXO) is a leading provider of asset-light transportation solutions. RXO offers tech-enabled truck brokerage services together with complementary solutions including managed transportation and last mile delivery. The company combines massive capacity and cutting-edge technology to move freight efficiently through supply chains across North America. The company is headquartered in Charlotte, N.C. www.RXO.com
About LoadPay
LoadPay is a modern digital banking solution built for the freight industry. Designed to help carriers better manage their cash flow, LoadPay offers fast and flexible access to funds, along with tools specifically tailored to meet the demands of transportation businesses. LoadPay is a product of TBK Bank, SSB d/b/a Triumph, a financial and technology company focused on modernizing and simplifying freight transactions. www.LoadPay.com
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the federal securities laws. Investors are cautioned that such statements are predictions and that actual events or results may differ materially. Triumph Financial’s expected financial results or other plans are subject to a number of risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" and the forward-looking statement disclosure contained in the Company's Annual Report on Form 10-K, filed with the Securities and Exchange Commission on February 11, 2025. Forward-looking statements speak only as of the date made, and Triumph Financial undertakes no duty to update the information.
Source : Triumph
Triumph Investor Contact
Luke Wyse, [email protected]
Triumph Media Contact
Amanda Tavackoli, [email protected]
RXO Media Contact
Nina Reinhardt, [email protected]
RXO Investor Contact
Kevin Sterling, [email protected]
