TruckIT and Bolton Capital Forge Partnership to Revolutionize Cash Flow for Dump Truck Haulers

TruckIT, a leading technology provider for the bulk hauling supply chain, has announced a strategic partnership with Bolton Capital, a financial services firm specializing in the dump truck hauling sector. This collaboration is set to address the critical issue of cash flow in the industry, offering haulers the ability to get paid faster, thereby facilitating business growth and operational flexibility.

The integration of Bolton Capital's rapid payment solutions with TruckIT's digital platform allows for a seamless process from job completion to payment. Haulers using TruckIT can submit invoices through the platform, with Bolton's technology ensuring instant verification and payment. This innovation has already benefited companies like Accession Distribution, which reported significant improvements in cash flow and business expansion opportunities.

This partnership is particularly beneficial for companies involved in bulk hauling across various industries, including construction, waste management, agriculture, and energy. These sectors often face challenges with managing jobs across multiple sites and require quick access to working capital. The TruckIT/Bolton program is designed to meet these needs, offering a solution that enhances operational efficiency and supports business growth.

The U.S. dump truck services market, valued at approximately $30 billion in 2024, is expected to grow further with increased domestic investment in infrastructure and other sectors. The National Dump Truck Association highlights the industry's fragmentation and the prevalence of manual ticketing, which can delay payments and hinder growth. The TruckIT and Bolton Capital partnership aims to mitigate these issues by providing a more efficient and reliable payment system.

TruckIT's suite of tools, including Optimized Dispatch and E-Ticketing, combined with Bolton Capital's financial services, offers a comprehensive solution for haulers. This partnership not only addresses immediate cash flow concerns but also supports long-term business scalability and risk management for small to mid-sized hauling companies.