Pitney Bowes Announces Peak Pricing Adjustment for Ecommerce Parcels
August 31 2021 - 9:28AM
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 temporary pricing changes
have been published on the company’s client portal and will go into
effect October 3rd.
“Pitney Bowes is making it easier for clients to anticipate and
manage their peak shipping costs by providing simple,
straight-forward pricing and clear advice on the best way to
present parcel volumes for a successful peak,” said Patrick Allard,
Chief Revenue Officer, Pitney Bowes Global Ecommerce. Allard said
the pricing adjustments reflect market realities, including
transportation and labor costs, warehouse capacity, and additional
expenses related to COVID-19 safety protocols.
Pitney Bowes is also taking the following actions to help ensure
a successful peak for its clients:
- Volume caps for shipments that exceed forecasts or are not
consistent with agreed parcel profiles
- Additional fees for large, non-machinable and oversized
packages
- Induction cut-off date of December 12 for Standard Delivery to
residential addresses
To further support peak volume commitments from existing
clients, Pitney Bowes has been closely monitoring client volumes
and forecasts and has stopped launching new Standard Delivery
clients in Q3. The company will continue to contract and assist new
prospects with post-peak go-live dates planned for Q1 2022.
In preparation for peak, Pitney Bowes has continued to expand
capacity, increase staffing, install highly automated processing
and sortation equipment, and strengthen its tracking and data
infrastructure.
About Pitney Bowes
Pitney Bowes (NYSE:PBI) is a global technology company providing
commerce solutions. 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 at www.pitneybowes.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20210831005654/en/
Brett Cody, Pitney Bowes, (203) 218 1187, brett.cody@pb.com
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