TruckIT and Bolton Capital Partner to Expedite Payments for Dump Truck Haulers
Atlanta, Wednesday, 9 July 2025.
TruckIT collaborates with Bolton Capital to revolutionize payment processing for dump truck haulers, enhancing cash flow efficiency just as demand surges in the $30 billion industry due to increased infrastructure investment.
The Strategic Partnership
On July 9, 2025, TruckIT, a prominent technology provider in the bulk hauling supply chain, announced a strategic partnership with Bolton Capital, a specialized financial services firm. The alliance is designed to empower dump truck haulers by integrating Bolton Capital’s rapid payment solutions with TruckIT’s digital platform. This collaboration aims to tackle the significant cash flow challenges faced by haulers, as rapid payment reduces the traditional accounts receivable timelines from 60-70 days down to mere hours [1]. This accelerates financial liquidity, thereby allowing haulers to increase their operational capabilities and nurture long-term business growth [1].
Industry Context and Growth Opportunities
The U.S. dump truck services market was estimated at approximately $30 billion in 2024, with projections of significant growth fueled by the passage of H.R.1, a bill that boosts domestic investment across infrastructure, defense, and energy sectors [1]. By partnering with Bolton Capital, TruckIT is positioning itself strategically within this thriving industry. The partnership is not only timely, given the impending infrastructure boom but also crucial for helping small and medium-sized operators thrive in a highly fragmented market [1]. According to Malcolm Smith, CEO of the National Dump Truck Association, the support from this collaboration addresses a widespread demand for operational efficiencies among dump truck operators [1].
Technological Advancements and Financial Solutions
TruckIT has been at the forefront of technological innovation in the logistics sector, offering tools like Optimized Dispatch, E-Ticketing, and business intelligence to streamline workflows [1]. Bolton Capital complements this by specializing in freight factoring for bulk haulers, providing fast approvals and same-day funding to ensure steady cash flow [1]. As the logistics landscape becomes increasingly competitive, this strategic partnership enhances the resilience of dump truck operators by providing the financial tools necessary to sustain and scale operations effectively [1]. Juanita Marry, CEO of Accession Distribution, has highlighted the flexibility and freedom achieved through such rapid funding solutions, which she states have drastically improved operational decision-making capabilities [1].
Enhancing Operational Efficiency
The integration of Bolton Capital’s rapid payment capabilities into TruckIT’s platform is expected to simplify the payment and administrative burdens faced by dump truck operators significantly [2]. John Smith, CEO of TruckIT, emphasized that this partnership allows haulers to concentrate on their primary business activities, ensuring they are not encumbered by financial and procedural delays [2]. According to industry experts, such strategic collaborations are pivotal in addressing operational challenges, including the shortage of qualified CDL holders, which adversely affects driver headcount and operational efficiency within the logistics industry [2].