Parsyl Archives - Maritime Shipping News

Running on Ice: Partnerships changing the game

17 January 2023

All thawed out

Parsyl

The leader in perishable risk management, Parsyl, has combined forces with the MVP in cold storage solutions, Lineage Logistics. Current customers who use Lineage for cold storage are estimated to spend more than $500 million a year on cargo insurance. The partnership with Parsyl aims to cut those costs significantly by creating tailored insurance coverage based on customers’ specific needs.

This partnership is going to do more than just cut insurance costs for customers....

https://www.freightwaves.com/news/running-on-ice-partnerships-changing-the-game

Parsyl tackles massive insurance blind spot for perishable goods

30 November 2021

Considering the stress the supply chain has been under this year, conditions are even worse for shippers of perishable goods such as seafood, meat, produce, frozen foods and pharmaceuticals. The reefer segment makes up 15%-20% of the total contracted truckload demand, so when market volatility occurs, “the reefer market feels it more acutely, since its capacity is more scarce,” said Zach Strickland, director of freight market intelligence at FreightWaves.

Unlike most dry van cargo,...

https://www.freightwaves.com/news/parsyl-tackles-massive-insurance-blind-spot-for-perishable-goods

Broader cargo coverage for perishable commodities imperative during supply chain crisis

28 October 2021

Reefer truck heading down highway with snow in the surrounding mountains and grass.

The cold chain has garnered heightened attention amid worker shortages and vast COVID-19-related delays and disruptions. After all, the cold chain is made up of foods we eat and the medicines we need, an estimated $4 trillion global industry that relies on seamless transport to maintain quality.

While harmful temperature deviations inevitably occur, according to Parsyl founder and CEO Ben Hubbard, many insurance policies for cold cargo don’t cover the primary risk: temperature.

“Shippers are...

https://www.freightwaves.com/news/broader-cargo-coverage-for-perishable-commodities-imperative-during-supply-chain-crisis