Pitney Bowes Makes Peak Pricing Adjustment For Ecommerce Parcels

Pitney Bowes Inc. PBI announced pricing adjustments for its domestic and cross-border delivery and returns services for the peak holiday shipping season. The temporary pricing changes will go into effect on October 3, 2021.
Additionally, Pitney Bowes will volume cap shipments that exceed forecasts or are inconsistent with agreed parcel profiles and charge fees for large, non-machinable, and oversized packages.
Pitney Bowes has stopped launching new Standard Delivery clients in Q3.
The company plans to continue contracting and assisting new prospects with post-peak go-live dates planned for Q1 2022.
Price Action: PBI shares are trading higher by 0.61% at $7.47 on the last check Tuesday.