On March 23, 2021, the United States Postal Service unveiled a 10-Year Plan that may have some incredibly positive implications for Pitney Bowes (PBI): 1. Shift from air to ground transportation: USPS can't do all of it at once and will have to contract out this service. Pitney Bowes has the logistics expertise to help them out. In 2020, Pitney's Presort Services processed a total of 16.7 billion pieces of mail which represents about 10% of all USPS mail volume. 2. Price increases: Pitney's Presort Services can help businesses mitigate the higher prices. 3. Shorter post office hours with some closures: Mailers can use Pitney's Send Pro Online which is the best deal for $5 a month. 4. Addition/Repurposing of processing facilities to meet package demand: With more drop off points available, Pitney can further reduce its transportation costs for ingesting parcels into the postal network. 5. Expansion of seven-day package delivery: Another reason for customers to choose USPS over other carriers which means more business for Pitney's Global Ecommerce.
author | superheroes |
---|---|
permlink | pitney-bowes-may-be-the-beneficiary-of-uspss-new-10-year-plan-20210330t083929z |
category | walllstreetbets |
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created | 2021-03-30 08:39:30 |
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root_title | "Pitney Bowes may be the beneficiary of USPS's new 10-Year Plan" |
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