AP NEWS
ADVERTISEMENT
Press release content from Business Wire. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from Business Wire
Press release content from Business Wire. The AP news staff was not involved in its creation.

Pitney Bowes Announces Pricing Update for Delivery Services as Parcel Volumes Continue to Surge into 2021

December 29, 2020 GMT

STAMFORD, Conn.--(BUSINESS WIRE)--Dec 29, 2020--

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 that pricing adjustments implemented on its Standard and Cross Border Delivery services during the peak 2020 shipping season will be reinstated effective January 25, 2021 to account for unprecedented parcel volumes and COVID-19-related operating expenses continuing into the new year. The pricing will remain in effect until further notice.

ADVERTISEMENT

“2020 was a record year for delivery volumes and we anticipate the pace of those volumes to continue well into 2021 and beyond,” said Patrick Allard, Chief Revenue Officer, Global Ecommerce at Pitney Bowes. “At the same time, increased labor and transportation costs, in addition to safety measures arising from the pandemic will continue to add operating costs for the foreseeable future. We’re committed to simple, transparent pricing and are making our clients aware of this adjustment now, so they can better plan for their own shipping expenses in 2021.”

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.

ADVERTISEMENT

View source version on businesswire.com:https://www.businesswire.com/news/home/20201229005055/en/

CONTACT: Pitney Bowes

Brett Cody,brett.cody@pb.com

Director of Communications, Global Ecommerce

KEYWORD: CONNECTICUT UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: SUPPLY CHAIN MANAGEMENT ONLINE RETAIL RETAIL

SOURCE: Pitney Bowes Inc.

Copyright Business Wire 2020.

PUB: 12/29/2020 09:00 AM/DISC: 12/29/2020 09:01 AM

http://www.businesswire.com/news/home/20201229005055/en