Pitney Bowes Inc. (PBI) has developed its SendSuite Live™ global logistics solution by the addition of shipping payments and logistics services for the shippers. This solution will help them to save their shipping cost by nearly 20% by making the carrier payment process quite simple. Further, this will facilitate the company to provide a full suite of best-in-class services among all the logistics management solutions available.
Services included in the SendSuite Live’s parcel and freight service are Event Management and Performance Management and Freight Brokerage service. Event Management services includes tracking for shipments from point of pickup to delivery, for all inbound and outbound freight and parcel shipments. Performance Management service offerings include improved rate and direction management and execution. While, Freight Brokerage service enables small shippers to access discounted shipping rates and optimization services provides bigger shippers an automated process to consolidate numerous package for cost cuts.
SendSuite Live system was launched in May 2011 and was developed together with Pierbridge, a software development firm specializing in supply chain processes. With its powerful network of carrier connections, shippers get extensive options to reduce inbound and outbound shipping costs and gain greater control of their shipping operation. Moreover, total transportation spending with multiple vendors can be seen by the shippers in one place to better manage cash flow with the payment option.
The company is a leading supplier of products and services in most of its business segments. Its meter base and its ability to place and finance meters in key markets contribute significantly to its revenue and profitability. However, all segments face competition from a number of companies. We believe that its vast experience and reputation for product quality, as well as its sales and support service organizations, are important factors in influencing customer choices with respect to its products and services.
However, many of Pitney Bowes contracts are with government entities. Government contracts are subject to extensive and complex government procurement laws and regulations, along with regular audits of contract pricing and business practices.
Pitney Bowes Inc. was incorporated in the state of Delaware on April 23, 1920, as Pitney Bowes Postage Meter Company. The company is the largest provider of mail processing equipment and integrated mail solutions in the world. It offers a full suite of equipment, supplies, software and services for end-to-end mailstream solutions, which enable its customers to optimize the flow of physical and electronic mail, documents and packages across their operations. A major competitor of Pitney Bowes is Siemens Inc. (SI).
We currently maintain our Neutral rating on Pitney Bowes Inc. with a Zacks #4 Rank (short-term Sell recommendation) over the next one-to-three months.
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