Truckstop.com Offers New Carrier, Broker Payment Program

Truckstop.com said it has started a new payment program that is designed to give fleets more control over cash flow and aid brokers in their efforts to increase revenue.

Known as LoadPro, the program designates a single financial institution for collection, storing and disbursement of funds. Carriers can decide how they will be paid, with the option of a PayMeNow feature to help cash flows without using factoring.

In addition to revenue growth potential, Truckstop.com said its new program will streamline back-office activity by elimination of checks, wires, advances or ACH payments to carriers. Brokers also gain security because they won’t have to store detailed banking information, according to the statement.

“We are constantly searching for ways to strengthen the connection between those who move loads and those who need them moved,” CEO Paris Cole said. “LoadPay is exactly that — a tool to allow carriers and brokers to be more successful and more profitable at what they do.”