Capstone and LoadDelivered Launch Free, 1-Day Payment Solution to Improve Carrier Cash Flow
PEACHTREE CORNERS, GA and CHICAGO, IL — December 17, 2019 — LoadDelivered, the freight management division of Capstone Logistics, today launched QuickPay+ to help alleviate the critical challenge of insufficient cash flow for their carrier partners. Hundreds of trucking companies went out of business this year due in large part to pricing pressure and high operational costs, which increased 7.7% from 2017 to 2018—the highest costs ever recorded by the American Transportation Research Institute (Trucking Research). With QuickPay+, qualifying carriers receive free, one-day payments in exchange for consistent volume and visibility compliance.
“LoadDelivered is hyper-focused on serving our carrier base and delivering solutions that help them better serve their customers,” said Jon Ackerman, VP of Carrier Procurement at LoadDelivered. “QuickPay+ is one of the industry’s fastest ways for carriers to get paid. With standard net 30 or net 60 payment terms, carriers run the risk of inadequate cash reserves to pay bills and employees. QuickPay+ gives our partners the cash flow they need within 24 hours of submitting paperwork, without any fees or hassles.”
QuickPay+ is one of several initiatives Capstone and LoadDelivered are spearheading to benefit their carrier partners and create operational efficiencies from point of origin to delivery. From end-to-end visibility integrations to driver surveys to initiatives that reduce dwell time, the supply chain company is working diligently to accelerate cash flow and improve the driver experience at high-volume facilities.
About Capstone Logistics
Capstone Logistics, LLC is a third-party logistics company offering technology-enhanced solutions for the full spectrum of supply chain activities. Capstone is a market leader in its industry and delivers service and value to its customers through innovative solutions. Founded in 1986 and headquartered in Peachtree Corners, Georgia, Capstone serves its partners at over 530 locations with operations in 47 U.S. states, Canada and Australia. Its customers are primarily focused in the grocery, foodservice and retail end markets.