The freight industry is the backbone of our economy, but for far too long, carriers have faced one glaring challenge: getting paid quickly and fairly. Delays in payments, hidden fees, and rigid contracts have been the norm – but it doesn’t have to stay that way.
That’s why DAT Freight & Analytics has acquired Outgo, a freight payment platform designed to transform the way carriers manage cash flow, with a freight payment solution that’s simpler, faster, and more transparent. Here’s everything you need to know about how Outgo and DAT can benefit your business.
Why payment speed matters in freight
For truckers and carriers, cash flow is everything. Fuel, repairs, insurance, and operations all depend on having quick access to funds. Traditional factoring falls short, taking too big of a bite out of a carrier’s profits without providing the speed and flexibility the industry demands. That’s where Outgo steps in.
Outgo was built by freight experts who understand the hurdles carriers face. It delivers payments in as little as 15 minutes while eliminating the headaches of long-term contracts, minimum monthly requirements, and hidden fees.
What does this mean for carriers?
Going forward, any load with a blue checkmark in DAT One will be available for factoring through Outgo, making it easier for carriers to book with confidence and get paid faster.
Here are just some of the core benefits you can expect:
Fast funding: Say goodbye to waiting days or weeks for your money. Approved invoices are settled in under four hours, giving you the cash you need when you need it most.
Transparent pricing: Traditional factoring often comes with a laundry list of hidden fines and fees. This flips the script with clear and predictable rates.
No annual contracts: Unlike with standard factoring services, users aren’t locked into annual contracts or termination fees. You’re in control.
Simplified workflow: Automate time-consuming back-office tasks like broker setup, invoice factoring, and collections. That means less admin time and more time for what matters most – hauling more loads.
Trustworthy transactions: Loads posted on DAT’s freight marketplace with a verified blue checkmark are pre-approved for factoring, ensuring confidence that you’ll get paid for every job you take.
Go here to find out how it all works and see how you can control cash flow in one place.
What does this mean for brokers?
The same DAT blue checkmark you know now shows you’re eligible for factoring through Outgo. If you were approved through our previous factoring partners, your loads should still display the checkmark.
The blue checkmark shows carriers you’re lower-risk and easier to work with – making your loads more appealing, especially now that they know they’ll get paid faster.
To keep things running smoothly, visit the Outgo site to make sure all the information for your brokerage is correct.
Start getting paid faster today
Why settle for old-school factoring when you can choose a modern payment solution built with your needs in mind? Sign up today to see how Outgo can help you manage your cash flow with fewer delays, lower fees, and more peace of mind.
**Sign up or switch to Outgo now**
By combining DAT’s vast freight network with Outgo’s innovative approach to payments, we’re doing more than keeping your wheels turning; we’re driving the freight industry forward. Welcome to the future of freight payments!
Got questions? Visit outgo.com/dat-faq for more details or to get in touch with our support team.
*Outgo Inc is a financial technology company, and is not a bank. Banking services provided by TransPecos Banks, SSB, Members FDIC.
