NEW PLYMOUTH, Idaho, July 12, 2018 /PRNewswire/ -- Truckstop.com, leader in transportation technology and freight matching, has announced that technology-driven freight brokerage, GlobalTranz, has adopted Truckstop.com's Cargo Shield for their LTL freight insurance. Cargo Shield is a per-load "Shipper's Interest" insurance solution for both LTL and full truckload freight and is now accessible directly from GlobalTranz's TMS. A flat, low-cost option, Cargo Shield covers occurrences that most other policies do not, such as "Acts of God", theft, unattended vehicle, as well as offering some of the broadest coverage terms in the industry. Cargo Shield also offers a unique load valuation process whereby freight claims are paid based on value as stated on the BOL, not a released value or freight class formula.
"Our number one priority at Truckstop.com is making our customers' lives easier so they can focus on business growth," said Paris Cole, CEO of Truckstop.com. "There is a need for a new type of insurance solution – one with broad-form coverage that is both cost-effective and easily accessible from our customers' current workflows. GlobalTranz is an excellent partner because they recognize the value of integrated technology as a tool to grow their business…even with unconventional solutions like insurance."
"We are thrilled to offer Cargo Shield's All-Risk 'shipper's interest' coverage to GlobalTranz agent and shipper customers," said Angie Tessmer, Vice President of Purchasing. "Cargo Shield enables us to provide one of the broadest coverage terms in the industry directly in our TMS technology. Their dedicated policy team helps us increase the speed of claims processing and drive operational efficiency. Our partnership with Cargo Shield furthers our commitment to providing industry-leading logistics solutions and technology to our customer network."
Truckstop.com is proud to work with industry leaders like GlobalTranz to provide innovative and streamlined insurance solutions to the freight community.
About Truckstop.com Truckstop.com is the world's most trusted load board and freight marketplace for drivers to find loads at the best rates, brokers to increase capacity, and shippers to manage freight. With Truckstop.com, brokers can post loads, carriers can search for available loads in real-time, and shippers can match their freight with the right person. For over 20 years, Truckstop.com has helped carriers, brokers, and shippers successfully run their businesses and find a better way to move freight. For more information on Cargo Shield or Truckstop.com solutions, visit www.truckstop.com.
About GlobalTranz GlobalTranz is a technology-driven freight brokerage company specializing in LTL, full truckload, third-party logistics and expedited shipping services. GlobalTranz is leading the market in innovative logistics technology that optimizes the efficiency of freight movement and matches shipper demand and carrier capacity in near real-time. Leveraging its extensive freight agent network, GlobalTranz has emerged as a fast-growing market leader with a customer base of over 25,000 shippers. In 2018, Transport Topics ranked GlobalTranz as the 10th largest freight brokerage firm in the U.S.