Trucking Partners

What Trucking Partners does

Trucking Partners is a U.S. freight invoice factoring company founded in 1982 by Dwayne Hood and headquartered in Cullman, Alabama. The firm purchases freight invoices from motor carriers and owner-operators — primarily small to medium-sized fleets and single-truck startups — providing same-day funding to bridge the 30-45 day gap typical of broker/shipper payment terms. Service offerings include recourse and non-recourse factoring programs, free unlimited credit checks with 5-minute turnaround, accounts receivable management, fuel advances, and a no-fee structure (no setup, termination, monthly minimums, or long-term contracts). A wholly-owned division, TP Financial, extends invoice factoring and a payroll funding product for staffing agencies into non-trucking small businesses and manufacturers.

The company's technology stack centers on the SOC 2-certified FactorCloud platform (AI-driven load verification, invoice processing, and collections automation), complemented by FactorGenie (credit management, load auditing, fraud detection), a Digital Wallet powered by Tank Payments (instant 24/7 carrier payouts with Apple/Google Pay), the TP Connect mobile app and web-based client portal, the TCS Discount Fuel Card program (savings averaging 47 cents per gallon across 12,000+ truck stops), and the RoxWrite AI document automation tool. In 2025-2026 the company integrated Anthropic's Claude AI across every department for research, reporting, and analytical work, signaling an enterprise-wide AI rollout. An API layer ties these systems together for automated underwriting, portfolio monitoring, and real-time freight visibility.

The business model combines transactional factoring fees (percentage of invoice value, with flat-rate non-recourse and variable-rate recourse structures) with ancillary revenue from the fuel card program (negotiated network discounts). Go-to-market is dual-track: a traditional relationship-driven direct sales motion emphasizing founder/operator credibility, paired with self-serve product-led growth through the TP Connect app, client portal, and digital wallet. Customer acquisition leans heavily on content marketing (an extensive trucking finance blog), SEO, and referral testimonials from named SMB carriers. The company employs 251-500 people, is privately held with no disclosed institutional investors, and serves carriers nationwide from a single Alabama headquarter footprint.

Name

Trucking Partners

Legal name

TRUCKING PARTNERS LLC

Website

https://truckingpartners.com

Company type

Private

Founded year

1982

Operating status

Operating

Headcount range

251–500 employees

Short description

Trucking Partners is a U.S. freight invoice factor founded in 1982, headquartered in Cullman, Alabama, that buys invoices from motor carriers and owner-operators to provide same-day funding. It serves small fleets and new trucking companies through recourse and non-recourse programs, a TP Connect mobile portal, a Digital Wallet, and a TCS Fuel Card, and operates a TP Financial division for staffing and SMB factoring.

Ownership category

akta.pro rank

Product category

Trucking Factoring Services

NAICS

Other Support Activities for Road Transportation (488490)

SIC

Finance Lessors (6172)

akta.pro primary industry

Supply Chain Finance (Approved Payables / Reverse Factoring) (FSABAHAC)

akta.pro secondary industry

Driver Expense Management & Reimbursement (T&E for Drivers) (TLABAMAF)

Keywords

• Freight invoice factoring
• Motor carrier financing
• Trucking factoring services
• Accounts receivable management
• Trucking fuel card program

Headquarters

HQ city

Cullman

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Freight Invoice Factoring Fees: Trucking Partners purchases freight invoices from motor carriers at a discount, providing immediate cash. They offer two programs: non-recourse (flat fee structure where Trucking Partners assumes credit risk) and recourse (variable rate where carrier is responsible for buyback if customer doesn't pay). Fees are calculated as a percentage of the invoice value.
2. Fuel Card Program: Free TCS fuel cards provided to factoring clients with access to 12,000+ truck stops nationwide and discounts at 2,000+ in-network locations. Revenue is generated through negotiated network discounts passed partially to carriers, saving an average of 47 cents per gallon.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels6 records

Core offering

Trucking Partners purchases freight invoices from motor carriers and owner-operators at a discount, providing same-day cash of up to 100% of the invoice value under recourse and non-recourse programs. The core factoring service is wrapped in an integrated digital platform (TP Connect mobile app and client portal), a Digital Wallet powered by TANK for 24/7 fund access, and a free TCS discount fuel card valid at 12,000+ truck stops, with the back office running on FactorCloud, FactorGenie, Tank Payments, RoxWrite, and Claude AI integrations.

Product overview

Trucking Partners is a freight invoice factoring company specializing in trucking that offers a unified financial services platform built around its TP Connect ecosystem. The core offering combines TP Connect (a mobile app and web-based client portal) with a Digital Wallet powered by TANK for instant 24/7 fund access, and a TCS Discount Fuel Card for fuel savings at 12,000+ truck stops nationwide. The company provides freight invoice factoring services with both recourse and non-recourse options, offering same-day funding, free credit checks, and accounts receivable management. TP Financial, a separate division, extends invoice factoring and payroll funding services to staffing firms, small businesses, and manufacturers. The technology stack integrates FactorCloud, FactorGenie, Tank Payments, and RoxWrite via API for automated underwriting, fraud detection, document automation, and digital wallet payments.

Differentiator

Problem solved

Functional benefit

Brands

• TP Connect: Mobile application and client portal platform for trucking carriers to manage invoices, fuel advances, credit checks, and digital wallet functionality.
• TCS Fuel Card

Products and services

• Freight Invoice Factoring Core factoring service that purchases freight invoices from motor carriers and owner-operators at a discount, providing immediate same-day cash (up to 100% advance) under recourse or non-recourse structures; includes free credit checks on brokers/shippers, invoice preparation, receivables tracking, collections, and back-office accounting support. Target buyer: small to medium motor carriers and owner-operators, plus startup carriers with no time-in-business.
• TP Connect Mobile App
• TP Connect Client Portal Web-based portal for managing factoring operations, including document upload, fuel advance requests, customer credit checks, fuel price lookup, invoice tracking, and downloadable activity reports. Target buyer: factoring clients (motor carriers and owner-operators) needing browser-based account management available 24/7.
• Digital Wallet (Powered by TANK) Full-service financial account built specifically for freight carriers that provides instant access to approved funds 24/7 (including nights and weekends), money transfers to peers or fuel cards, Apple Pay/Google Pay integration, fleet spend monitoring, and SMS fraud alerts. Target buyer: factoring clients who want instant, anytime access to their funded receivables.
• TCS Discount Fuel Card Free fuel card for factoring clients that provides discounts averaging 47 cents per gallon at 2,000+ in-network truck stops out of 12,000+ nationwide, with no transaction fees at in-network locations, no activation/membership/monthly/annual fees, fraud prevention tools, and mobile app access. Target buyer: active factoring clients who want to reduce fuel operating costs.
• TP Financial (Non-Trucking Factoring and Payroll Funding) Adjacent division of Trucking Partners offering invoice factoring and a weekly payroll advance product for staffing agencies, plus working capital factoring for small businesses and manufacturers that deliver products or services on net 30/60/90+ terms. Target buyer: staffing firms needing weekly payroll funding and non-trucking small businesses/manufacturers needing accelerated receivables.

Quantifiable outcome

• Same-day funding for freight invoices upon receipt of paperwork
• +5 more outcomes

Named customers8 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

AI capability5 records

Feature8 records

Partnerships

Six partnerships are on record, tiered core and major.

• TCS (TransConnect Services)coreChannel Partner/ Reseller/ DistributorTrucking Partners partners with TCS, a leading fuel card provider, to offer free fuel cards to factoring clients. TCS provides access to 12,000+ truck stops nationwide with discounts at 2,000+ in-network locations. Cards are distributed free to Trucking Partners clients with no activation, monthly, or annual fees. This partnership enables significant fuel cost savings averaging 47 cents per gallon.
• TANK PaymentscoreTechnology or IntegrationTANK Payments provides the technology powering Trucking Partners' Digital Wallet. The wallet enables instant fund access 24/7 including nights and weekends, money transfers to peers or fuel cards, Apple Pay/Google Pay integration, fleet spend monitoring, and SMS fraud alerts. This integration eliminates wait times for invoice payments and costly wire transfer fees.
• FactorCloudcoreTechnology or IntegrationFactorCloud provides the SOC 2-certified cloud-based platform underpinning Trucking Partners' operations. The platform leverages AI to automate load verification, invoice processing, and collections, dramatically reducing manual workloads and accelerating funding decisions. Carriers benefit from faster payments, real-time freight visibility, and customizable funding terms.
• FactorGeniecoreTechnology or IntegrationFactorGenie integration provides Trucking Partners with robust credit management capabilities, load auditing tools, and advanced fraud detection. Together with FactorCloud and Tank Payments, FactorGenie delivers a comprehensive financial services platform previously accessible only to much larger factoring companies.
• RoxWritemajorTechnology or IntegrationRoxWrite is an AI-powered document creation and automation platform integrated into Trucking Partners' API interface. The integration streamlines generation and management of critical business documents including client agreements, funding notices, compliance documentation, and correspondence. Staff can produce accurate, professional documents faster directly within existing systems.
• Anthropic (Claude AI)majorTechnology or IntegrationAnthropic's Claude AI has been adopted across all Trucking Partners departments including operations, client services, finance, compliance, and business development. Claude serves as a core productivity tool embedded in daily workflows, used for research acceleration, report generation, and wide-ranging analytical and administrative tasks. The result is described as a leaner, faster, more responsive organization.

Scale indicators6 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Apex Capital Corp: One of the largest freight factoring companies in the US, providing non-recourse and recourse factoring, fuel cards, and brokerage support to motor carriers — directly overlapping Trucking Partners' core offering and SMB trucking customer base.
• Triumph Business Capital: Major transportation-focused factor offering freight invoice factoring, fuel cards, and back-office tools to carriers and owner-operators — directly comparable to Trucking Partners across product mix and customer type.
• OTR Capital: Transportation factoring specialist serving carriers and owner-operators with same-day funding, fuel advances, and a digital platform — competing head-to-head with Trucking Partners in the SMB carrier segment.
• RTS Financial (Reliant Transportation Services): Factoring company dedicated to the trucking industry, offering same-day funding, fuel cards, and back-office services to carriers — a close direct peer competing for the same SMB carrier customers.
• TBS Factoring: Trucking-specialized factor providing same-day funding, fuel advances, and free credit checks to small and mid-sized carriers — directly comparable in service scope and target customer.
• TFS Financial (The Finance Solution): Transportation-focused factor offering factoring, fuel cards, and back-office support to motor carriers, including startup carriers — closely mirrors Trucking Partners' customer segments and product set.
• Porter Capital: Factoring company serving transportation and staffing industries with invoice factoring and working capital solutions — comparable through the TP Financial division's staffing-firm payroll funding product.

Broad incumbents

• BlueVine: Broader SMB-focused fintech offering invoice factoring and working capital lines to small businesses across industries — overlaps with Trucking Partners via TP Financial rather than the core trucking book.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/truckingpartner
• Facebookfacebook.com/104054796338360
• LinkedInlinkedin.com/company/909273

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Trucking Partners