Benzinga | Aug 31, 2021 01:36PM EDT

Pitney Bowes Makes Peak Pricing Adjustment For Ecommerce Parcels

* Pitney Bowes Inc. (NYSE:PBI) announced pricing adjustments for its domestic and cross-border delivery and returns services for the peak holiday shipping season. The temporary pricing changes will go into effect on October 3, 2021.

* Additionally, Pitney Bowes will volume cap shipments that exceed forecasts or are inconsistent with agreed parcel profiles and charge fees for large, non-machinable, and oversized packages.

* Pitney Bowes has stopped launching new Standard Delivery clients in Q3.

* The company plans to continue contracting and assisting new prospects with post-peak go-live dates planned for Q1 2022.

* Price Action: PBI shares are trading higher by 0.61% at $7.47 on the last check Tuesday.