Meadow Lark Agency, an asset-based 3PL company, and OTR Solutions, a factoring and trucking technology firm based in Atlanta, have joined forces to enhance Meadow Lark’s carrier payment systems.
This strategic collaboration is expected to bolster Meadow Lark’s operational efficiency and financial resilience.
The partnership is focused on improving carrier invoice management through OTR Solutions’ premier back-office services. OTR’s expertise will free up Meadow Lark to focus on fostering carrier relationships and implementing strategic initiatives. The move will not only fortify Meadow Lark’s operations but also promises favourable terms for its carriers, including 21-day payment cycles for new invoices and 3% 2-day QuickPay options.
Meadow Lark Agency, founded in 1983 and headquartered in Billings, MT, is a women-owned asset-based 3PL with over 30 terminals and offices across the USA. The company offers a comprehensive suite of integrated services covering every stage of the transportation lifecycle.
Established in 2011, OTR Solutions has made a name for itself in the transport industry by successfully managing carrier invoice payments and enhancing efficiency through its robust factoring programme. The company provides industry-leading technology, financial services, tools, and support to help carriers and brokers start and grow a successful operation.
This partnership marks a significant milestone for Meadow Lark, which anticipates a promising future for all its carriers. Together, Meadow Lark and OTR Solutions aim to make substantial advancements in service provision and empower the transportation industry.
Meadow Lark CEO, Amanda Roth said, “This carefully curated partnership with OTR Solutions allows us to enhance our operations with their precise plan for carrier invoice management. It is a cornerstone in our strategy to reinforce operational excellence and financial resilience, starting with ensuring our loyal carrier base that they will be brought up to date on all payments owed.”
OTR Solutions Chief Executive Officer, Fritz Owens said, “The transportation industry, especially carriers, are no stranger to difficult times. The Meadow Lark family of companies are a staple in this industry. We are excited to bring Meadow Lark’s capabilities to the next level and allow their business to continue moving forward.”
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