Factoring Services for Freight Carriers
Get trucking invoices off your plate and into your bank account.
What is RXO Extra Factoring?
RXO Extra is an integrated carrier marketplace that offers trucking companies (like you) big discounts on their core business services.
One of carriers’ biggest concerns? Getting paid.
That’s why we’re excited to offer factoring services that help carriers get paid fast for the freight they haul.
And the best part? All RXO Extra Factoring* users are eligible to save money, earn rewards and book freight in the RXO Extra rewards program.
Work with a factoring company backed by the third-largest brokerage network in North America.
Why carriers love RXO Extra Factoring
Instant payment on delivered loads
Get paid same day, usually within minutes of completing a load and uploading paperwork.
Integrated, easy-to-use platform
Manage all of your documents and create automated invoices, all in one simple platform you can use across all your providers, brokers and customers.
Fraud mitigation and safety
You can quickly and easily run credit checks on brokers before accepting a load from them.
Preferred access to freight
The RXO Extra team gives factoring customers a concierge service to get set up to haul RXO freight and find loads that work for them.
Customer support from logistics pros
We don’t just give you a login and an AI chatbot — RXO Extra Factoring is backed by a dedicated team of real reps that will help you find what’s right for your business.
Ability to earn rewards, perks & discounts
When you sign up for RXO Extra Factoring, you enter our industry-leading rewards program, where you can earn bonus payments, discounted fuel and more.
LoadPay & RXO Extra Factoring: A perfect pair
LoadPay** is a business bank account made for the trucking industry.
With a LoadPay debit account, you can centralize your finances and access earnings instantly, helping you get paid faster and spend easier.
RXO Extra Factoring has a direct integration into LoadPay.
This means faster payment processing times (within minutes), and for carriers with an RXO Fuel Card, instant funds transfer to their fuel card.
Why carriers love LoadPay:
- Get paid 24/7/365 without traditional bank hour restrictions.
- Manage driver spending through limits and fraud monitoring.
- Unlock exclusive Mastercard® cardmember benefits across shopping, security, and more.
Is a factoring company right for your business?
Still not sure if you need a transportation factoring company?
Finding and dispatching loads, managing drivers, building broker and shipper relationships — your business has a lot to do, and chasing down payments shouldn’t be one of them.
A reliable factoring company can help you get paid instantly, with less hassle.
No more chasing down late payments. No more updating freight invoices. No more dealing with accessorial reimbursements.
Get help by outsourcing some of your billing, collections and invoicing so you can focus on what drives your fleet forward.
*Factoring products and services are offered by TBK Bank, SSB, Member FDIC, d/b/a Triumph.
**LoadPay is a product offering of TBK Bank, SSB, Member FDIC. The LoadPay debit card is issued by TBK Bank, SSB pursuant to a license from Mastercard