March 29, 2011
Tampa, Fla. – (March 29) – Pegasus TransTech announced today that fleets are adopting truck stop scanning at a record pace, and use of TRANSFLO Express® truck stop scanning has grown more than 30% in the last two years with 2011 reaching the highest levels ever. The company has experienced continued year-over-year growth every year since launch of the service nine years ago.
“Pegasus TransTech is currently processing more TRANSFLO Express documents than at any time since we pioneered truck stop scanning with TRANSFLO Express in 2002,” said Pegasus TransTech Chairman and CEO Bob Helms. “We believe this indicates three things: a growing demand for high quality scanning at the truck stops, increased recognition of the need to speed cash flow and improve operating efficiency during the recession and easy access to TRANSFLO Express at almost 800 locations in the U.S. and Canada.”
Helms explained that documents sent by drivers using TRANSFLO Express from truck stops to fleet offices consist largely of signed delivery receipts, bills of lading, logs and supporting papers that indicate shipments have been picked up and delivered. Pegasus TransTech’s high quality and reliability has resulted in delivery of hundreds of millions of these critical documents without ever losing one of them.
New customers are signing on to use TRANSFLO Express in record numbers. They join such top fleets as J.B. Hunt, Heartland Express, Schneider National, U.S. Xpress, Knight Transportation, Prime Inc. and Crete Carrier Corp. to name a few TRANSFLO Express customers.
Fleets using TRANSFLO Express gain same day access to their delivery documents, which allows them to bill their customers faster and speed their cash flow.
“By using TRANSFLO Express in conjunction with Pegasus TransTech’s Express Indexing, we are prepared to bill a significant percentage of our freight the same day it was delivered,” said Knight Transportation President and CFO Dave Jackson. “The metric of ‘delivery to invoice’ is very important to us at Knight Transportation.”
With almost 800 truck stop locations offering TRANSFLO Express, the service is convenient and does not require fleets to purchase any special equipment. TRANSFLO Express is available at all Pilot Flying J and Love’s travel stops as well as many independent truck stops throughout the U.S. and Canada.
Now, more than ever, it’s important for fleets to improve their delivery to cash cycle by reducing their Days Sales Outstanding.
“TRANSFLO Express is the proven industry standard in document delivery and the most reliable way for fleets to get their documents in quickly so that they can bill promptly,” Helms said. “Reducing unbilled revenue significantly improves a fleet’s cash flow.”