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Follow on Google News | UPS Capital & AscendTMS Deliver Instant Cargo Insurance For Truckload, Partial and LTL In AscendTMSAnother First For AscendTMS, The Leader In Logistics Cloud TMS Technology
By: AscendTMS UPS Capital connected its suite of shipping insurance APIs into AscendTMS to provide transactional insurance coverage for truckload freight, partial loads, and LTL shipments. The insurance coverage is quoted, bought, bound, and managed fully within the AscendTMS software, and can be used to obtain single-load first dollar coverage, excess value coverage, or to provide gap coverage where needed, on any single load or shipment, in under 9 seconds. "Before this, buying and binding cargo insurance by the load, instantly inside your TMS, was unheard of," said Tim Higham, president of AscendTMS. "However, UPS Capital now provides AscendTMS users with the ability to instantly buy and bind the exact insurance coverage they need for the exact value, commodity, and shipment being moved, with zero paperwork and zero wait." Prior to this offering, obtaining singular load cargo coverage, excess value coverage, or gap coverage could take days and involve insurance agents, lots of paperwork, and hefty fees. The combined UPS / AscendTMS offering takes less than 9 seconds, and the coverage is provided by one of the world's most trusted names in logistics and insurance, UPS Capital. "Our thousands of AscendTMS customers told us that they don't want to buy overly expensive annual blanket coverages or services they may never need," Higham said. "Ideally, they want to buy insurance services for both their truckload and their less-than-truckload shipments as needed and at a competitive price, with immediate delivery of those services via their TMS. That's exactly what this collaboration with UPS delivers." About InMotion Global InMotion Global, Inc. provides the free, award-winning, patent‐pending Transportation Management System, AscendTMS®, to freight shippers, freight brokers, and trucking companies. AscendTMS® is used by thousands of companies in 19 countries, from small single-person logistics operations to multi-billion- End
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