Pitney Bowes Inc. reports developments in digital shipping solutions, mailing innovation, financial services, and postal processing services. Company updates commonly cover SendTech and Presort activity, SendPro platform capabilities, results releases, guidance, cost management, and capital allocation actions such as share repurchases, debt reduction, and note tender offers.
News also includes security and compliance milestones for cloud-based shipping and mailing tools, including SendPro 360 authorization for U.S. defense use, as well as leadership changes tied to The Pitney Bowes Bank, SendTech, Presort, and corporate finance.
Pitney Bowes' latest Parcel Shipping Index indicates global parcel volume exceeded 100 billion in 2019, reaching 103 billion, with forecasts suggesting it may double to 220-262 billion by 2026. China leads in parcel shipments, accounting for over 60% of the total. The report highlights Amazon Logistics' significant growth, reporting a 155% increase in parcel volume year-over-year. While all major markets showed growth, Japan was the only country to experience a decline. Overall, global parcel revenue rose by 9% to $351 billion in 2019.
Pitney Bowes (NYSE:PBI) has launched BOXpoll™, a market research tool focused on consumer behavior in ecommerce. The first survey reveals that post-pandemic, many Americans intend to alter their shopping habits, continuing to shop online frequently. 54% of consumers shop online more than before, with 73% enjoying the experience. BOXpoll aims to provide insights for ecommerce clients, helping them adapt to changing consumer preferences, including a distinct interest in new brands. The survey was conducted with over 2,000 online shoppers, reflecting behaviors likely to persist beyond COVID-19.