New Shipping and Mailing Rates Bring New Challenges and Opportunities for Businesses in 2019
STAMFORD, Conn.--(BUSINESS WIRE)--Jan 24, 2019--Pitney Bowes Inc. (NYSE:PBI), a global technology company that provides commerce solutions in the areas of ecommerce, shipping, mailing, and data today noted that the recent rate increases by FedEx® and UPS® and the pending January 27 rate increase for the U.S. Postal Service (USPS®) will prompt U.S. businesses to adopt new and innovative solutions and services to optimize their mission-critical shipping and mailing operations.
Many of these businesses have exploding package volumes, with needs in both mail and digital communications. The complexity of managing multiple disparate carrier rate structures and systems for packages, as well as mailing rates, is causing many businesses to look for solutions and incentives to both lower their costs and simplify their processes. New technology, tools and services are available to help businesses simplify their operations by integrating shipping and mailing, connecting physical sending with digital systems and data, and delivering consolidated accounting and reporting functions.
“Businesses are continually challenged to better manage their shipping and mailing operations,” said Chris Giles, Vice President, Global Product Management, Pitney Bowes. “Thankfully, there are new cloud-based multicarrier solutions, like SendPro from Pitney Bowes, available to help even the smallest shippers and mailers maximize their budgets. These solutions help small businesses compare package rates between carriers to best meet their customer requirements and deliver like the big guys. For mailers, the metering discount and presorting options, will allow businesses to lower their overall mailing costs with each mail piece.”
Here are some of the key rate changes that could have significant impact on most businesses:
Package Shipping Rates Rise Across the Board -- Package shipping rates continue to rise for all three major U.S. carriers.
First-Class Mail® Rates Increase; But Greater Discounts Available -- the price of a first-class stamp will increase from $.50 to $.55; however, businesses that apply postage using a postage meter instead of stamps, will now save $.05 on every First-Class Mail letter they send.
In announcing the increase in the discount from $.03 to $.05 per piece, the USPS noted that, “meter-based payment is more efficient than stamp-based payment – it eliminates the need for stamp production, distribution, and cancellation – and fosters more consistent use of the postal system, slowing the migration of mail volume to electronic channels. Small business volume in particular should be protected by this decision.”
* For more details on these rate changes, visit Pitney Bowes Rate Change Central.
Here are three recommendations for businesses to optimize their sending operations in 2019:
Pitney Bowes is committed to helping businesses of all sizes simplify their sending operations and thrive in the connected and borderless world of commerce. For more information on the latest rate changes and to learn how to simplify your sending operations, visit www.pitneybowes.com.
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; presort services; office mailing and shipping; location data; and software. For nearly 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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CONTACT: John Spadafora, 518-708-3466
KEYWORD: UNITED STATES NORTH AMERICA CONNECTICUT
INDUSTRY KEYWORD: TECHNOLOGY ONLINE RETAIL DATA MANAGEMENT OTHER TECHNOLOGY TRANSPORT OTHER TRANSPORT LOGISTICS/SUPPLY CHAIN MANAGEMENT RETAIL
SOURCE: Pitney Bowes Inc.
Copyright Business Wire 2019.
PUB: 01/24/2019 08:00 AM/DISC: 01/24/2019 08:00 AM