Pitney Bowes Inc. - PBI STOCK NEWS

Pitney Bowes announces the retirement of Johnna Torsone after 32 years, with Andrew Gold appointed as the new Chief Human Resources Officer. Torsone will serve as an advisor during the transition. Torsone’s leadership has propelled HR excellence, earning her accolades in the industry, while Gold has been a key player at the company for 28 years, known for his work on talent management and HR technology.

Pitney Bowes (NYSE:PBI) is set to showcase its advanced ecommerce logistics services at Shoptalk 2022, marking its return to the first in-person retail conference since 2019. The event occurs from March 27-30, 2022, in Las Vegas, Nevada. Notably, ecommerce services have exceeded 50% of the company’s total revenue, generating $1.7 billion in 2021. The company highlights significant growth in its Global Ecommerce revenue, up by 46% from 2019. Attendees can explore new technologies, analytics tools, and expanded logistics capabilities, including the innovative ParcelPoint Smart Lockers.

Pitney Bowes (NYSE: PBI) has announced a partnership with Funding Circle, a leading online small business lending platform, to provide quick access to loans for small business customers. This collaboration aims to empower small businesses by offering term loans with competitive rates through a streamlined online process. The initiative comes as 72% of small business owners express a need for financing this year. This pilot program is designed to enhance the lending experience and will help businesses grow amid a decline in loan approvals from large banks.

Pitney Bowes (NYSE: PBI) announced a $23 million expansion of AmbiSort AI-powered robotic systems in its e-commerce hubs to enhance parcel sortation efficiency. This deployment follows a successful trial in Stockton, California, where throughput nearly doubled during the 2021 holiday season. With e-commerce surpassing 50% of total revenue, this investment aims to improve productivity, accuracy, and worker safety. The automated solutions will respond to the rapidly growing global parcel volume, projected to exceed 131 billion annually.

Pitney Bowes Inc. (NYSE:PBI) announced the redemption of its outstanding 4.700% Notes due 2023, with a Redemption Date set for March 7, 2022. The redemption price will include the principal amount, accrued interest, and any make-whole amount. The Bank of New York Mellon will notify registered holders of the Notes. This move is part of the company's ongoing financial strategy as they manage their debt. Pitney Bowes continues to serve a significant portion of Fortune 500 companies, reinforcing its position in the logistics and mailing sectors.

Pitney Bowes (NYSE: PBI) has launched PitneyShip Pro, a cutting-edge cloud-based shipping solution designed for modern businesses. Built on the new SaaS Shipping 360 platform, it enhances shipping and mailing efficiency for remote and in-office employees. The platform offers customizable features, real-time analytics, and a comprehensive view of sending activities, allowing users to shop rates across various carriers. As remote work increases, this solution aims to support the anticipated growth in parcel volume.

Pitney Bowes Inc (NYSE: PBI) has announced a new term loan and revolving line of credit for Zion Delivery Service, Inc (ZDS) to support their last-mile logistics operations in Southern California. The credit facility offers ZDS the necessary working capital and liquidity for growth, driven by the increasing demand from carriers like Amazon Logistics and USPS. ZDS, founded in 2004, is experiencing organic growth and plans for acquisition, further enhancing their market position.