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Wells Fargo, TransGuardian Enhance High-Value Shipping Services

Mar 18, 2014 4:33 PM   By Jeff Miller
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RAPAPORT... Wells Fargo Insurance is working with TransGuardian and the U.S. Postal Service  to securely and cost-effectively expedite shipping of high-value parcels, including diamonds and jewelry. TransGuardian develops transportation management software that insures and protects small parcels in transit. The company automates the registered mail process by printing a single Intelligent Mail Postal Barcode (IMpB) label online. The IMpB enhances online, real-time tracking and accelerates the registered mail service. Through its policy, brokered by Wells Fargo Insurance, TransGuardian provides insurance for the first $25,000 and up to $150,000 of registered mail per parcel. Together, this ensures a secure, cost effective, two- to three-day shipping option for high-value parcels.

“TransGuardian has been a strong postal advocate since 2008,” said TransGuardian's CEO Jim Moseley. “With the support of Wells Fargo Insurance, we are making registered mail more affordable, efficient, trackable and accessible. In 1958, Harry Winston shipped the Hope Diamond by registered mail and in this last year, internationally famous jewelers, watchmakers and gold dealers have transferred hundreds of millions of dollars of their business, under our insurance policy, to the U.S.  Postal Services. Our clients are saving 50 percent, streamlining labor and giving greater satisfaction to their buyers. In a tough economy, this is a major boost to U.S. businesses that collectively turn over $40 billion per year.”

Michael Fitzpatrick, the vice president and senior sales executive with Wells Fargo Insurance, added that the partnership “enhances the supply chain dramatically across whole vertical markets. In a challenging economy, we think we’re about to make history in the field of high-value mail shipments once again.”

Tags: Jeff Miller, registered mail, shipping, TransGuardian, u.s. postal service, wells fargo
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