U.S. Businesses to Benefit from Historic Postal Rate Reduction
April 07 2016 - 9:00AM
Business Wire
USPS to reduce postage rates by removing 4.3
percent surcharge starting April 10
Pitney Bowes Inc. (NYSE:PBI), a global technology company that
provides innovative products and solutions to power commerce, today
noted the U.S. Postal Service’s (USPS) upcoming rollback of postage
rates on April 10 will have a positive impact on businesses of all
sizes as organizations leverage the power of mail to drive
commerce.
This historic rate reduction – the first since 1919 – is
prompted by the removal of the 4.3 percent exigent surcharge and
will apply to several mail classifications, including letters,
large envelopes, flats, and postcards. The changes will bring the
price of First-Class stamp mail to $0.47 from $0.49; First-Class
metered mail to $0.465 from $0.485; and postcards to $0.34 from
$0.35. However, the rate structure for shipping products, including
Priority Mail and parcels/packages, will not be affected.
“In this omni-channel world, mail remains a critical channel for
businesses to reach existing customers and to engage prospects,”
said Patrick Brand, Senior Vice President and General Manager,
Global SMB Products and Business Strategy, Pitney Bowes. “New
technology is helping to reinvent mail, making it more interactive,
more compelling, and more effective. Businesses can now enhance
physical mail pieces with digital experiences, create more
interactive and targeted direct mail, and sequence communications
across multiple channels to boost impact. Businesses of all sizes
should take advantage of the savings by investing in new technology
and services that optimize their mailing and shipping
operations.”
Pitney Bowes’ new RelayTM Customer Communications Suite,
OneSortTM parcel sortation solution and EngageOne® Video solution
are just a few examples of new solutions that help businesses
improve their operational efficiency and effectiveness. Mailers can
further benefit from partnering with Pitney Bowes Presort Services,
USPS’ largest work share partner that processes more than 15
billion pieces of First Class and Standard mail annually, to
maximizes postage discounts and induct mail closer to its final
destination.
For more information on how to optimize your sending operations,
visit www.pitneybowes.com.
About Pitney Bowes
Pitney Bowes (PBI) is a global technology company offering
innovative products and solutions that enable commerce in the areas
of customer information management, location intelligence, customer
engagement, shipping and mailing, and global ecommerce. More than
1.5 million clients in approximately 100 countries around the world
rely on products, solutions and services from Pitney Bowes. For
additional information, visit Pitney Bowes at
www.pitneybowes.com.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20160407005782/en/
Pitney Bowes Inc.Dan Burris,
203-449-7635daniel.burris@pb.com
Pitney Bowes (NYSE:PBI)
Historical Stock Chart
From Jul 2024 to Aug 2024
Pitney Bowes (NYSE:PBI)
Historical Stock Chart
From Aug 2023 to Aug 2024