'Logistics Startup Stord Buys Part of Pitney Bowes' E-Commerce Business' - The Information
Portfolio Pulse from Benzinga Newsdesk
Logistics startup Stord has acquired a portion of Pitney Bowes' e-commerce business. This move is expected to enhance Stord's logistics capabilities and market reach.
July 26, 2024 | 8:24 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Pitney Bowes has sold a portion of its e-commerce business to logistics startup Stord. This divestiture could streamline Pitney Bowes' operations and allow it to focus on its core business areas.
The sale of a portion of its e-commerce business to Stord could help Pitney Bowes streamline its operations and focus on its core business areas, potentially leading to improved financial performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90