“For any business looking to grow their customer base and stay competitive, one day makes a big difference, especially to small businesses that are just starting out,” said Yannick Mooijman, managing director of UPS Hungary, Greece, Romania & Slovenia. “Those small businesses form the backbone of the Romanian and Polish economies, with export and import volumes between these countries growing year on year. By connecting Romanian businesses with our smart global logistics network, we offer another way for them to optimize their cross-border supply chains.”
According to the 2019 UPS Pulse of the Online Shopper? study, 38% of global online shoppers will abandon their cart if they feel the delivery cost was higher than anticipated. By reducing shipping time for the UPS Standard service, e-retailers in Romania can continue to increase customer satisfaction by getting products to their customers in Poland quickly and affordably.
The recent enhancements to UPS’s service are part of the company’s $2 billion investment in its European network and infrastructure. Recent investments include the opening of three super hubs in London, Paris, and Eindhoven, as well as new operational facilities in the Polish cities of Mys?owice and Stryków. As a result of UPS’s investment program, customers can now reach more than 80% of Europe’s population within two business days using UPS Standard.
UPS Capital Insurance Agency, Inc a subsidiary of UPS (NYSE:UPS), announced today that it will make additional shipping insurance coverage options available to small and mid-size companies using AscendTMS, a product of InMotion Global.
This enhancement to the already popular shipping platform will provide shipping protection to AscendTMS® users allowing them to tailor coverage based on their needs.
"We are offering a better option – a true insurance solution to cover the full value of goods,” said Mark Robinson, president of UPS Capital. “Our goal in working with AscendTMS is to provide businesses a frictionless, digital way to protect their shipments against loss and damage.”
This customized approach is achieved by giving users four different options based on their preferred deductible. The options mimic “gap coverage” where the user tailors coverage so they only buy what they need. In return, they get a best-in-class claims experience that has been highly rated in customer reviews.
Benefits include:
Coverage that pays on the occurrence of a loss regardless of carrier fault
Limits and coverages tailored for SMBs
A best-in-class claims settlement process, highly rated by other SMBs
The typical AscendTMS user is booking large loads, with a big percentage of transactions moving via full truck load at higher total values. Until now the only option was to purchase excess liability from the carrier, which can often be more expensive, or from their insurance agent which can take time.
“We have given customers multiple options depending on their risk appetite and the coverage they desire or need,” said Tim Higham, president and CEO of InMotion Global. “If the carrier has provided them with $100,000 of coverage and they need more, we can now offer options to fill the gap if the load is valued higher.”
The transportation management system (TMS) market is expected to grow 4 times larger than the current size, reaching $4.9B in sales by 2025.1 “With the exponential growth in these platforms as well as ecommerce platforms, UPS Capital is looking to meet shippers where they transact,” said Robinson.
This integrated solution enables SMBs to digitally procure insurance on a shipment-by-shipment basis with a few key strokes, paying only for what they need. Users can then provide a better post-sales experience knowing they are dealing with a true insurance partner that focuses on paying claims.
The AcsendTMS customer can obtain a quote, review the terms and conditions of coverage and get coverage confirmation through the TMS software--all in a matter of minutes.
To learn more about this solution and the importance of in-transit shipment insurance, join AscendTMS and UPS Capital experts for a free webinar on December 2, 2020, at 2 p.m. ET. To register, go to http://bit.ly/AscendTMS-UPSC-Register
