Triumph Financial and C.H. Robinson Announce Strategic Relationship
June 17 2024 - 8:35AM
Triumph Financial, Inc. (Nasdaq: TFIN) and global logistics
provider C.H. Robinson (Nasdaq: CHRW) announced today a strategic
relationship focused on delivering innovative payment solutions to
the transportation industry.
C.H. Robinson will join the TriumphPay Network, a platform that
connects brokers, shippers, factors and carriers for a streamlined
payment experience. This collaboration provides the foundation for
delivering new solutions and financial benefits to carriers at a
scale never seen before.
“Our strategic relationship with Triumph Financial marks a
significant milestone in our ongoing commitment to supporting
carriers,” said Michael Castagnetto, president of North American
Surface Transportation at C.H. Robinson. “By joining forces, we
have the ability to deliver financial payment offerings that
streamline processes, improve efficiencies and foster growth with
and for carriers. Together, we plan to unlock innovation that helps
move the industry forward.”
“We are excited to enter into this strategic relationship with
C.H. Robinson, the largest freight broker in North America,
starting with welcoming them onto the TriumphPay Network,” said
Aaron P. Graft, vice chairman and chief executive officer of
Triumph Financial. “By joining the TriumphPay Network, C.H.
Robinson will continue to deliver best-in-class carrier offerings
and further underscore their position as a leader in the
transportation industry.”
TriumphPay provides innovative payment processing solutions
tailored for the transportation industry, empowering freight
brokers to achieve heightened operational efficiency, improved
financial transparency and enhanced risk mitigation. By leveraging
TriumphPay’s technology, C.H. Robinson will be able to offer
superior payment experiences to their carriers, automate
back-office tasks and increase revenue potential through improved
payment reliability and faster processing times.
About Triumph FinancialTriumph Financial, Inc.
(Nasdaq: TFIN) is a financial holding company focused on payments,
factoring and banking. Headquartered in Dallas, Texas, its
diversified portfolio of brands includes TriumphPay, Triumph and
TBK Bank.
About TriumphPayTriumphPay is the premier
payments network for freight brokers, factors, shippers and
carriers in the North American trucking industry, offering a
structured, secure data exchange. The TriumphPay Network and
integrated technology solutions remove friction and reduce fraud in
the presentment, audit and payment of approximately $48.9 billion
in unique brokered freight transactions.
TriumphPay is a division of TBK Bank, SSB, Member FDIC, and a
member of the Triumph Financial, Inc. (Nasdaq: TFIN) portfolio of
brands. For more information, visit us at triumphpay.com.
About C.H. RobinsonC.H. Robinson solves
logistics problems for companies across the globe and across
industries, from the simple to the most complex. With $22 billion
in freight under management and 19 million shipments annually, we
are one of the world’s largest logistics platforms. Our global
suite of services accelerates trade to seamlessly deliver the
products and goods that drive the world’s economy. With the
combination of our multimodal transportation management system and
expertise, we use our information advantage to deliver smarter
solutions for more than 90,000 customers and 450,000 contract
carriers on our platform. Our technology is built by and for supply
chain experts to bring faster, more meaningful improvements to our
customers’ businesses. As a responsible global citizen, we are also
proud to contribute millions of dollars to support causes that
matter to our company, our Foundation and our employees. For more
information, visit us at www.chrobinson.com (Nasdaq: CHRW).
Source: Triumph Financial, Inc. and C.H.
Robinson
Investor Relations Contact:Luke WyseTriumph
Financial, Inc.Senior Vice President, Finance & Investor
Relationslwyse@tfin.com
Media Contacts:Amanda TavackoliTriumph
Financial, Inc.Senior Vice President, Director of Corporate
Communicationatavackoli@tfin.com
Lauren PerryC.H. RobinsonSenior Communications
Managerlauren.perry@chrobinson.com
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