UPS Capital Integrates Technology-Driven Cargo Insurance Solution With Leading Transportation API Provider
Summary
Companies can protect their in-transit goods more quickly and easily with this API integration said Dave Zamsky, Vice President of Marketing, UPS Capital. While the vast majority of shipments move without issue, a recent study commissioned by UPS Capital revealed that 92% of shippers experience some type of loss, damage or delay each year1. Coverage can be elected at the time of shipment and generally covers reimbursement up to the invoice value of the goods, helping minimize margin erosion in the event of loss or damage. With almost 50 million tons of goods valued at $52.7 billion moving through the U.S. freight system daily2, incorporating seamless access to insurance coverage is a value-added benefit for businesses that want to protect their investments throughout the supply chain. The key is to integrate insurance in the natural workflow of the freight transaction said Lance Healy, Chief Innovation Officer, Banyan Technology.
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