TruckIT and Bolton Capital Partner to Enhance Cash Flow for Dump Truck Haulers

TruckIT, a leader in digitizing the bulk hauling supply chain, has partnered with Bolton Capital to address cash flow issues faced by dump truck haulers, enabling faster payments and business expansion. This collaboration integrates Bolton Capital's rapid payment solutions with TruckIT's digital platform, allowing for immediate invoice verification and payment upon job completion. Accession Distribution, a hauler based in Riverdale, GA, reported significant benefits from the partnership, including the ability to secure funding within hours and attract new business through improved billing terms.

The program is designed for bulk hauling companies in construction, waste, agricultural, or energy sectors, offering them the financial flexibility to manage operations across multiple sites and invest in growth. Douglas Lindsay of Bolton Capital emphasized the partnership's role in delivering working capital directly to customers, enhancing operational efficiency and subcontractor relationships. With the U.S. dump truck services market valued at approximately $30 billion in 2024, the National Dump Truck Association anticipates growth, supported by legislative measures like H.R.1, which boosts infrastructure and energy investments.

Malcolm Smith of the NDTA highlighted the industry's need for solutions like those provided by TruckIT and Bolton Capital, especially given the prevalent manual ticketing systems that delay payments. Pace Davis of TruckIT noted that the addition of Bolton Capital's services enhances the platform's value, particularly for small to mid-sized businesses aiming to scale. For more information, visit https://www.bolton-capital.com.