OTR Capital Expands Offerings to Further Support Carriers

ROSWELL, Ga., June 17, 2022 /PRNewswire/ — OTR Capital has adjusted its title to OTR Remedies, a alter that greater displays the company’s mission to build extraordinary worth for its SMB provider shoppers by offering industry-foremost solutions and alternatives that prolong significantly past regular funding and again-workplace services.

Founded in 2011 as a economical companies and factoring company dedicated to bettering money flow for motor carriers, the launch of the OTR Options brand greater defines what carriers, brokers, and field companions have occur to expect from the corporation —and what they can continue to count on for decades to come. Along with the new model, OTR Remedies is presenting several new companies to the trucking business, like ELEVATE, a very first-to-industry answer that provides benefit by way of branded domains and personalized web sites for carriers. 

“OTR Capital is not only a foremost resource for funds to assistance carriers enhance their enterprise, beyond that, we are a carrier’s very best buddy for a assortment of products and services, and the broker’s most reliable and broadly respected husband or wife for serving the trucking group,” reported Fritz Owens, Main Government Officer. “When we feel about what we certainly do right here at OTR, our target is to present expert services for trucking corporations to not only be as thriving as probable, but also to superior contend in opposition to, or even out-compete, the major gamers in the market place. We want to be the go-to resource for small- and medium-sized carriers to get the funding and the companies they want to thrive in modern marketplace.” 

“Capital and back-office environment guidance will continue being a critically critical piece of provider accomplishment in the sector” Owens additional, “but the complexity and unprecedented progression of the transportation industry more than the previous many many years now requires additional resources and answers, and OTR Answers is dedicated to providing them.”

“We have constantly reported from the incredibly start that we are much more than just a factoring enterprise,” claimed Grace Maher, Chief Working Officer. “Though it’s our main business and we do it much better than any person else, it’s been our mission to do every little thing we can to assistance the compact carrier succeed, and to aid brokers efficiently and correctly transact with a broad segment of the industry. By means of individuals options we at the moment have, the technological innovation that we’re constructing, and the associates we’ve introduced on board, we are heading to carry on to expand our menu of instruments and services as we formally transform our brand to OTR Methods.” 

Involved amongst the products and services that OTR is launching to increase its menu of products and services concurrent with modern title alter are the next:

  • An expansion of OTR’s “Bolt” product or service to make it possible for carriers to receive “direct to debit” payments in a timely and value-powerful fashion
  • A “driver safety rating scorecard” instrument that will allow for carriers to keep track of their FMCSA scores to make sure that a shock inspection won’t just take them off the road
  • An “OTR Solutions Discussion board” the place carriers can trade notes most effective tactics with their marketplace colleagues, identify prospects, and uncover new strategies for rising the good results of their business enterprise
  • Expanded availability of OTR’s gas advance app to allow for carriers to receive advance financing in today’s large fuel cost atmosphere and
  • The $9 Lumper Advance, which for a minimal and flat price of $9 will give progress financing of lumper charges.

In the coming months and a long time, Owens mentioned, OTR will be increasing its menu of supplemental solutions in its continuing quest to assistance carriers and brokers succeed.

About OTR Methods 

OTR Methods gives industry-foremost technological know-how and economical solutions, resources, and assistance to enable carriers and brokers start and grow a productive operation. Trucking providers and freight brokerages of all sizes transform to OTR to obtain dependable financing and back again-place of work methods, a dedicated gasoline team, up-to-day information and education, and technologies and innovation to get ready them for everything and almost everything. As a testament to its expansion, OTR has been named in the Inc. 5000 multiple several years in a row and strives to enhance the operate encounter for its workforce as a Leading Place of work in 2017, 2018, 2019, 2020, 2021 and 2022 as named by the Atlanta Journal-Structure. 

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