Delivered buys $100K in assets from defunct Point Pickup Technologies

Strongsville, Ohio-based parcel shipping company Delivered recently agreed to purchase virtually all assets from Point Pickup Technologies, months after the company closed due to bankruptcy.

According to an acquisition agreement approved by a Miami-Dade County Circuit Court judge on June 10, Stamford, Connecticut-based Point Pickup Technologies agreed to sell $100,000 in company assets to Delivered. The assets include all customer lists, software and transferable permits, most books and records,...

https://www.freightwaves.com/news/delivered-buys-100k-in-assets-from-defunct-point-pickup-technologies

US parcel revenue sees first decline in 7 years, report finds

U.S. parcel revenue has seen the first decline in seven years despite increased parcel volume, according to an annual report from Pitney Bowes.

The U.S. Parcel Shipping Index, released Wednesday by the global shipping and mailing company, highlighted 2023’s shifts in the carrier-competitive landscape and consumer behaviors. U.S. parcel revenue fell 0.03% from $198.4 billion in 2022 to $197.9 billion last year despite a slight parcel volume increase of 0.05% from 21.5 billion in 2022 to 21.7...

https://www.freightwaves.com/news/us-parcel-revenue-sees-first-decline-in-7-years-report-finds