OTR Solutions launched the OTR Fuel Card, a new fuel credit offering that provides both new and established carriers with access to credit backed by their factoring relationship, not their credit score. The factoring integration ensures carriers can fuel today and pay later through flexible weekly billing or directly through factored invoices.
“At OTR Solutions, our mission has and always will be to put carriers first,” says Jimmy Wittpenn, VP of fuel product. “Our new fuel credit offering is just another way we are delivering on that promise. Whether you’re a brand new authority or a seasoned fleet, you now have access to the credit, fuel savings, and support you need to grow your business and be successful.”
Key takeaways:
· The credit offering is built into the OTR Fuel Card, a discount fuel card sold by OTR that provides deep discounts on commercial diesel, the largest savings on maintenance, and integrated features and service offerings with the company’s suite of transportation-focused solutions.
· The service requires no hard credit checks nor multi-day reviews to issue approval.
· Features include no credit checks; eligibility for all carriers who factor with OTR Solutions, both new and existing; OTR directly funds and approves carriers, not a third-party bank; cashflow flexibility; and weekly billing that eliminates the hassle of making multiple payments each week.
“For too long, a large subset of freight carriers has been overlooked by the outdated and rigid fuel credit providers in the transportation space,” says Wittpenn. “Critical financing services that our nation’s carriers need to survive have been withheld from those who need them most, and that industry challenge now has a solution through our new product offering.”
