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Stock impact report

Pitney Bowes Parcel Shipping Index: Consumer Demand for “Real-Time Retail” Shakes Carrier Market Share

Pitney Bowes Inc. (PBI) 
Last pitney bowes inc. earnings: 2/4 07:00 am Check Earnings Report
US:NYSE Investor Relations: investorrelations.pitneybowes.com
Company Research Source: Business Wire
U.S. Market Parcel Revenue Sees First Decline in Seven Years Despite Increased Parcel Volume STAMFORD, Conn.--(BUSINESS WIRE)--Pitney Bowes Inc. (NYSE:PBI), a global shipping and mailing company that provides technology, logistics, and financial services, today released its annual U.S. Parcel Shipping Index, which revealed significant shifts in the carrier competitive landscape and consumer behaviors in 2023.This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240417690112/en/2023 U.S. parcel volume ahead of pre-pandemic predictions (Photo: Business Wire)Of the four largest carriers (USPS, Amazon Logistics, UPS, and FedEx), only Amazon Logistics grew volumes year-over-year, and by a staggering 15.7%. One year after passing FedEx in parcel volumes, Amazon Logistics has passed UPS and is gaining momentum on market leader USPS.Both Amazon Logistics and USPS experienced revenue growth, while UPS and FedEx declined in both parcel v Show less Read more
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