Pitney Bowes Inc.
) recently announced that its SendSuite Live has been selected by
Glen Raven, a global textile manufacturer, to provide logistics
management solution for web orders and other parcel shipments.
SendSuite Live is a unified global logistics management solution
system that enhances logistics processes by reducing business
risks and delivering cost savings on a global scale. This fully
integrated web based logistics solution provides access to a broad
range of global parcel and freight carriers' rates and services.
This customized set of solutions helps a shipper to choose the best
delivery and cost options.
Glen Raven will be using SendSuite Live for its Tri Vantage
distribution division in order to manage 400,000 parcels shipments
a year. The logistics solution will help provide accurate shipping
pricing at the time of order and visibility to total shipping
charges of their small parcel shipments.
In addition, the suite will also offer significant cost saving
opportunities for Glen Raven by giving it the choice and
flexibility as well as the option to access a variety of parcel
carriers and services for delivering web orders.
Pitney Bowes Inc. is the largest provider of mail processing
equipment and integrated mail solutions in the world. The company
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
We have a Zacks #4 Rank (short-term Sell rating) on Pitney
Bowes. However, we maintain a Neutral rating on a long term
PITNEY BOWES IN (PBI): Free Stock Analysis
SIEMENS AG-ADR (SI): Free Stock Analysis Report
To read this article on Zacks.com click here.