Pitney Bowes came out swinging at investor Hestia Capital, which has started a proxy fight aimed at reshuffling its board and management, accusing the firm of having a vague strategy for the parcel shipping and cross-border firm, and lacking understanding of how to run a logistics business. The annual meeting will be held in May.
Pitney Bowes will get a board makeover with an installed majority and a new interim CEO, if investor Hestia Capital has its way, actions that have led management to take defensive measures. The hedge fund said it’s taking these hardball measures after the company refused its offer last month to bring in three new outside directors.
Stamps.com, which had been struggling since ending its long-term partnership with the U.S. Parcel Service in February, has been buoyed by a new deal with UPS. As part of the deal, Stamps.com’s 740,000 shipper customers can get discounts up to 55% off standard UPS rates and relief from surcharges.
With a showdown looming over international postal rates at a Sept. 24 congress of the Universal Postal Union, uncertainty reigns in terms of the United States’ continued participation in the organization, leaving merchants wondering about parcel shipping rates heading into peak season. Consolidators are making contingency plans.
With the holiday season not too far off, businesses need to be prepared for the rush. Here are several tips to get retailers through the busiest time of the year.
Stamps.com announced plans to acquire ShippingEasy, an Austin, TX-based provider of multi-carrier shipping software, for $55 million. This is in addition to its acquisition of Endicia, ShipStation and ShipWorks over the past couple of years.
Investment advisory service The Motley Fool sees the recent acquisition of ShipStation by Stamps.com as a huge positive for the company.
Who reigns supreme in reliability, delivery times, and cost in the world of American shipping? Well, according to a recent report, it all depends on your exact shipping needs.
The United States Postal Service expects to see real time tracking in all 67 of its districts by the end of 2013. The move was generated to give “piece of mind” to both the customer and the shipper with 15-minute real time package tracking.
Stamps.com, provider of USPS postage online and shipping software announced its integration with cloud-based ecommerce service company ChannelAdvisor, according to a press release. It will give ChannelAdvisor customers new tools to streamline their order fulfillment process.