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A freight claim or cargo claim is a legal demand by a shipper or consignee against a carrier in respect of damage to a shipment, or loss thereof. [1] [2] [3]Typically, the claimant will seek damages (financial compensation for loss), but other remedies include "specific performance", where the cargo-owner seeks delivery of the goods as agreed.
United Parcel Service, Inc. (UPS) is an American multinational shipping & receiving and supply chain management company founded in 1907. [1] Originally known as the American Messenger Company specializing in telegraphs, UPS has expanded to become a Fortune 500 company [6] and one of the world's largest shipping couriers.
UPS Airlines is a major American cargo airline based in Louisville, Kentucky, US. [8] One of the largest cargo airlines worldwide in terms of freight volume flown, UPS Airlines flies to 815 destinations worldwide. [9] It has been a wholly owned subsidiary of United Parcel Service since its launch in 1988.
UPS (actually the insurance company they contract with) has since refused to pay out on this insurance policy claim for $1,000 and they keep changing their reason for doing so.
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The SEC order said that in 2019 UPS determined that its freight division was likely to sell for no more than about $650 million. UPS’s own analysis indicated that nearly $500 million of goodwill ...