Pitney Bowes Announces Pricing Adjustment as Ecommerce Demand Continues to Surge Ahead of 2020 Peak
September 03 2020 - 4:15PM
Business Wire
Pitney Bowes Inc. (NYSE:PBI), a global technology company that
provides commerce solutions in the areas of ecommerce, shipping,
mailing and financial services, today announced pricing adjustments
for its domestic and cross-border delivery and returns services for
the peak holiday shipping season. The pricing changes will be
applied as flat, easy-to-understand, per-parcel adjustments, not to
exceed $1.50 per parcel.
“Our clients rely on Pitney Bowes to help anticipate and manage
their logistics costs. We don’t take that responsibility lightly
and the challenges of the pandemic have not altered our approach to
simple and transparent pricing,” said Gregg Zegras, Executive Vice
President and President of Global Ecommerce at Pitney Bowes. “We
have worked directly with our clients to review and revise volume
projections and examine the realities of our market. Based on that
analysis we are introducing a simple, reasonable, and temporary
peak rate adjustment not to exceed $1.50 per parcel across all of
our ecommerce delivery and returns services.”
While the current expansion of ecommerce has been fruitful for
online commerce, it has also created challenges as shipping costs
are rising ahead of what is expected to be the largest online
holiday shopping season in history. Major carriers have announced
2020 peak surcharges, many applied using opaque rules that make
precise calculations difficult. This puts ecommerce merchants and
shippers in the untenable position of not being able to forecast
growing costs during this most critical time of year.
Alternatively, Pitney Bowes will present clients with a flat,
easy-to-understand, per-parcel adjustment. Pitney Bowes will
communicate the changes directly to clients. The timing and rate of
adjustment will be based on each client’s profile and portfolio of
services.
“Our peak readiness strategy, which is being shared in detail
with our clients, is focused on operational readiness and
transparency,” said Gregg Zegras, Executive Vice President and
President of Global Ecommerce at Pitney Bowes. “We know we have an
important role to play in this pandemic and the coming peak
shipping season. Our ecommerce clients and their consumers depend
on us and we’re doing everything we can to make their lives a
little easier.”
To help clients meet unprecedented demand, the company has
expanded capacity, increased staffing, installed highly automated
processing and sortation equipment, and strengthened its tracking
and data infrastructure in time for peak season.
About Pitney Bowes:
Pitney Bowes (NYSE:PBI) is a global technology company providing
commerce solutions that power billions of transactions. Clients
around the world, including 90 percent of the Fortune 500, rely on
the accuracy and precision delivered by Pitney Bowes solutions,
analytics, and APIs in the areas of ecommerce fulfillment, shipping
and returns; cross-border ecommerce; office mailing and shipping;
presort services; and financing. For 100 years Pitney Bowes has
been innovating and delivering technologies that remove the
complexity of getting commerce transactions precisely right. For
additional information visit Pitney Bowes, the Craftsmen of
Commerce, at www.pitneybowes.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20200903005649/en/
Media: Pitney Bowes Brett Cody, (203) 218 1187 Director of
Communications, Commerce Services
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