Pitney Bowes Stock Price, News & Analysis

Pitney Bowes (NYSE: PBI) has launched its ParcelPoint™ Smart Lockers in Canada, expanding its innovative locker solutions in response to a growing parcel market. The Pitney Bowes Shipping Index revealed a 29% increase in Canada's parcel revenue, totaling $11.5 billion in 2020. The new lockers aim to enhance safety and convenience for organizations during office reopenings. With features like remote management and detailed analytics, these lockers cater to various organizational needs while addressing increasing demand for secure delivery methods.

Pitney Bowes (NYSE:PBI) has been honored with the 2021 Climate Leadership Award for Excellence in Greenhouse Gas Management, recognizing its commitment to reducing environmental impact for the second consecutive year. The company achieved nearly 13% reduction in global emissions from 2015 to 2020, surpassing its 8% goal. Key initiatives include using fuel-efficient vehicles, reducing electricity consumption by 35 million kilowatt hours, and promoting recycling. Pitney Bowes aims for carbon neutrality by 2040, enhancing operational efficiency and utilizing green technologies.

Pitney Bowes (NYSE: PBI) has appointed Tom Doherty as Vice President of Lending Services and Products, a move aimed at enhancing its financial services for small and mid-sized businesses. Doherty, previously with CIBC Bank USA, will lead the lending segment, which includes mail lending and logistics financing. His appointment comes as the company seeks to deepen its commitment to small businesses by developing new markets and products. This strategic role is seen as critical for driving long-term growth.

Pitney Bowes (NYSE: PBI) released its Parcel Shipping Index showing a 27% increase in global parcel volume to 131.2 billion in 2020, averaging 4160 parcels shipped per second. The Index indicates that parcel volume is expected to double by 2026, reaching 266 billion with an 11% CAGR from 2021-2026. Notably, China is projected to hit 100 billion parcels in a single year by 2021. Additionally, global parcel revenue reached $429.5 billion, up 22% year-over-year, highlighting significant growth across major markets.

Pitney Bowes Inc. (NYSE:PBI) announced a significant increase in US parcel volume, reaching 20 billion parcels in 2020, a 37 percent growth from 2019. The report indicates that US parcel volume doubled from 10 billion to 20 billion between 2015 and 2020. The Pitney Bowes Parcel Shipping Index forecasts that US parcel volume will nearly double by 2026, reaching 32-39 billion parcels. Carrier revenue also saw a rise, totaling $171 billion in 2020. Notably, Amazon Logistics achieved a 109 percent revenue increase, significantly enhancing its market presence.