Pitney Bowes

Pitney Bowes president and CEO steps down

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Parcel-delivery and technology provider Pitney Bowes Inc. said Monday that President and CEO Marc S....

https://www.freightwaves.com/news/pitney-bowes-president-and-ceo-steps-down

Historic drop in China volumes curbs global parcel growth

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A historic decline in China parcel-shipping volumes brought global growth to a virtual standstill...

https://www.freightwaves.com/news/historic-drop-in-china-volumes-curbs-global-parcel-growth

Hestia secures 4 Pitney Bowes board seats but CEO holds on

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Pitney Bowes CEO Marc Lautenbach retained his board seat despite the election of four Hestia Capital...

https://www.freightwaves.com/news/hestia-secures-4-pitney-bowes-board-seats-but-ceo-holds-on

Pitney Bowes rips Hestia proxy fight, saying firm behaves erratically

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Shipping, mailing and e-commerce firm Pitney Bowes Inc. on Monday hit back at an investment firm’s...

https://www.freightwaves.com/news/pitney-bowes-rips-hestia-proxy-fight-saying-firm-behaves-erratically

Investment firm launches proxy battle against Pitney Bowes, seeks CEO ouster

An investment firm looking to make major changes at parcel technology and shipping company Pitney Bowes Inc. (NYSE: PBI) called Thursday for the ouster of longtime CEO Marc F. Lautenbach and non-executive Chairman Robert Dutkowsky, who two weeks ago was named to the role following the departure of then-Chairman Michael Roth.

Hestia Capital Partners, which controls an 8.4% equity stake in Stamford, Connecticut-based Pitney Bowes, did not identify whom it has tapped as interim CEO. It plans to...

https://www.freightwaves.com/news/investment-firm-launches-proxy-battle-against-pitney-bowes-seeks-ceo-ouster

Pitney Bowes chair steps down as firm girds for proxy fight

Parcel technology and shipping company Pitney Bowes Inc. (NYSE: PBI) announced late Thursday a major reshuffling of its board of directors, with a top retired UPS Inc. executive stepping in and three others choosing to retire.

Steve Brill, former president of UPS’ (NYSE: UPS) corporate strategy, and Darrell Thomas, former CFO at Harley-Davidson Inc. (NYSE: HOG) have been appointed to Pitney Bowes’ board. 

Brill spent 33 years at UPS in multiple roles and disciplines. He now serves in a consulting...

https://www.freightwaves.com/news/pitney-bowes-chair-steps-down-as-firm-girds-for-proxy-fight

Consumers want, but don’t expect, Sunday parcel deliveries, survey finds

Parcel deliveries to residences on Sundays is not a mainstream offering. But that doesn’t mean folks don’t want it.

About 41% of 2,200 respondents to a Pitney Bowes Inc. (NYSE: PBI) survey said that Sunday home deliveries are important to them. About 53% of respondents said it wasn’t important, while 6% said they didn’t know or had no opinion. The survey was conducted at the end of July.

Unsurprisingly, the results varied by age and geography. About 56% of millennials and 53% of urban dwellers...

https://www.freightwaves.com/news/consumers-want-but-dont-expect-sunday-parcel-deliveries-survey-finds

Pitney Bowes to deploy Gatik autonomous trucks on e-commerce routes

Pitney Bowes will begin running autonomous box trucks in its e-commerce logistics network’s Dallas market beginning in the first quarter of 2023.

The global shipping and mailing company made the announcement Wednesday in conjunction with autonomous middle-mile technology provider Gatik, which will supply the vehicles.

Pitney Bowes (NYSE: PBI) will deploy Gatik’s Class 6 autonomous trucks as part of a continuous, operational loop across its e-commerce network. The vehicles will make multiple...

https://www.freightwaves.com/news/pitney-bowes-gatik-to-run-autonomous-trucks-in-texas-ecommerce-routes

Pitney Bowes, Narvar to market joint e-commerce returns offering

Woman on tablet managing an ecommerce return

As e-commerce returns continue to accelerate, brands are looking for solutions that can reduce costs and improve customer service.

The National Retail Federation conducted a survey prior to the 2021 holiday season. The Consumer Returns in the Retail Industry 2021 survey found that $761 billion in merchandise was returned in 2021 among all retail channels. For every $1 billion in sales, retailers incur $166 million in costs because of returns. Online returns totaled $218 billion in 2021. Returns...

https://www.freightwaves.com/news/pitney-bowes-narvar-to-market-joint-e-commerce-returns-offering

Global-e acquires cross-border e-commerce business from Pitney Bowes

Cargo being loaded onto plane

Global-e has completed its acquisition of Borderfree, a cross-border e-commerce business owned by Pitney Bowes. The company paid $100 million in cash for the business, which helps retailers enter new global markets by localizing their websites.

Borderfree operates in more than 200 countries and territories, helping e-commerce businesses simplify compliance and regulations processing when shipping out of country. It enables orders to be placed in 75 different currencies.

“We are excited to welcome...

https://www.freightwaves.com/news/global-e-acquires-cross-border-e-commerce-business-from-pitney-bowes

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