As the first company to operate the Pony Express in 1861,
Wells Fargo & Company
(NYSE:WFC) is continuing its long-standing tradition of helping to transport valuables. Today,
Wells Fargo Insurance
announced it is working with
and the U.S. Mail to securely and cost-effectively expedite shipping of high value parcels throughout the U.S.
“Wells Fargo Insurance is pleased to work with TransGuardian to offer higher limits, more comprehensive terms, and better pricing to shippers of gems, jewelry, watches and other high-value cargoes,” said Michael Fitzpatrick, vice president and senior sales executive with Wells Fargo Insurance. “This enhances the supply chain dramatically in 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.”
TransGuardian develops transportation management software that insures and protects small parcels in transit. With its software, 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, 2-3-day shipping option for high value parcels including diamonds, jewelry, watches and precious metals.
“TransGuardian has been a strong postal advocate since 2008,” said TransGuardian 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 USPS. Our clients are saving 50%, streamlining labor, and giving greater satisfaction to their buyers. In a tough economy, this is a major boost to US businesses that collectively turn over $40 billion per year.”