Curated News
By: NewsRamp Editorial Staff
July 10, 2025
TruckIT & Bolton Capital Partner to Revolutionize Dump Truck Haulers' Cash Flow
TLDR
- TruckIT and Bolton Capital's partnership offers dump truck haulers a competitive edge by enabling faster payments and business growth opportunities.
- The integration of Bolton Capital's rapid payment system with TruckIT's digital platform streamlines invoice submission and ensures instant verification and payment.
- This collaboration between TruckIT and Bolton Capital enhances the dump truck industry's efficiency, supporting small to mid-sized businesses in scaling operations sustainably.
- Discover how TruckIT and Bolton Capital are revolutionizing the dump truck industry with their innovative payment and digital platform integration.
Impact - Why it Matters
This partnership is a game-changer for dump truck haulers, offering them a lifeline in an industry where delayed payments can stifle growth and operational efficiency. By ensuring faster payments, haulers can take on more projects, invest in new assets, and maintain healthy cash flow, ultimately contributing to the broader economy's infrastructure and energy sectors. This news is crucial for small to mid-sized hauling businesses looking to scale without the burden of financial constraints.
Summary
TruckIT, a leader in digitizing the bulk hauling supply chain, has teamed up with Bolton Capital, a financial services firm, to tackle the cash flow challenges faced by dump truck haulers. This partnership integrates Bolton's rapid payment solutions with TruckIT's digital platform, enabling haulers to receive payments swiftly after job completion. Accession Distribution, a Georgia-based hauler, has already benefited from this collaboration, experiencing faster funding and the ability to secure new business thanks to improved billing terms and operational visibility.
The initiative is specifically designed for bulk hauling companies in construction, waste, agricultural, or energy sectors, offering them a way to manage jobs across multiple sites and secure fast cash for working capital. With the U.S. dump truck services segment valued at approximately $30 billion in 2024 and expected to grow, this partnership addresses the critical need for operational efficiency and financial flexibility in a fragmented industry. The National Dump Truck Association highlights the importance of such solutions in reducing accounts receivable timelines, which can otherwise hinder growth.
Source Statement
This curated news summary relied on content disributed by citybiz. Read the original source here, TruckIT & Bolton Capital Partner to Revolutionize Dump Truck Haulers' Cash Flow
