{
  "id": 2212279,
  "title": "Freight Factoring: Why OTR Funds in 2 Minutes, Non-Recourse",
  "url": "https://urgent.news/2026/08/20/freight-factoring-why-otr-funds-in-2-minutes-non-recourse",
  "topic": "business",
  "section": "Business",
  "published": "2026-08-20T19:06:34.000Z",
  "source": {
    "name": "FreightWaves",
    "slug": "freightwaves",
    "url": "https://www.freightwaves.com/news/freight-factoring-why-otr-funds-in-2-minutes-non-recourse"
  },
  "original_language": "en",
  "account": "Clayton Griffin, President of OTR Solutions, spoke with FreightWaves about the company's innovative non-recourse factoring model, which enables instant funding for trucking carriers. OTR Solutions' factoring business is projected to grow around 60% in 2026 compared to 2025, driven by a 35% increase in invoice count. The company currently supports approximately 23,000 carriers and processes invoices for around 10,000 brokers, positioning itself in a significant portion of the brokered trucking market.\n\nOTR Solutions' OTR Select platform offers brokers historical spot-rate data and pre-vetted carrier options, drawing exclusively from carriers that have undergone OTR's stringent underwriting process. This platform is an evolution of the company's document-imaging and invoice-verification technology, specifically an AI-driven solution. Griffin highlighted that the company's factoring portfolio is predominantly non-recourse, meaning carriers are not held responsible if a broker fails to make payments. This approach was demonstrated during the Convoy collapse, where OTR absorbed losses exceeding $100 million, rather than seeking reimbursement from carriers.\n\nOTR Solutions is expanding its services into data and capacity-matching areas. The inflation-adjusted spot rates for freight remain below OTR's long-term median and below the carrier breakeven point, as noted in the American Transportation Research Institute's 2025 cost-per-mile study. Griffin expressed skepticism about regulators easing safety-focused rules that are currently limiting capacity, suggesting that meaningful organic capacity growth would require rates to rise substantially above current levels.",
  "summary": "FreightWaves sits down with Clayton Griffin, President of OTR Solutions, to dive into how they’re revolutionizing trucking finance. Discover OTR’s unique non-recourse factoring model that provides instant funding for carriers, mitigating risk and streamlining operations. Learn how their innovative OTR Select platform is building a robust ecosystem for brokers and carriers alike. OTR Solutions…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}