Pitney Bowes is a global technology company that specializes in providing innovative solutions for shipping, mailing, and e-commerce
The company offers a range of services and products, including mailing systems, customer information management, and logistics solutions, aimed at helping businesses improve their operational efficiency and enhance customer engagement. With a focus on digital transformation, Pitney Bowes leverages data analytics and advanced technology to streamline processes for businesses of all sizes, enabling them to navigate the complexities of modern commerce and deliver exceptional service.
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The company said the deal is expected to add more than 100 million First-Class Mail pieces annually to the Pitney Bowes Presort Services Network and further strengthen it in the East, Central, and West Regions.
Pitney Bowes shares up on update of cost rationalization initiative, $70M in savings identified. The cost cuts are anticipated to be largely reflected in second half of 2024 pre-tax earnings and fully reflected in 2025.
