Stamps.com, Inc. (NASDAQ: STMP) is engaged as a provider of online postage, shipping software and solutions to e-commerce operators, small businesses, and more. Shares of the online postage provider are climbing 22.57%, through early trading on Tuesday, October 22, 2019. Over the past three months, Stamps.com has seen average daily volume of 506,770 shares. However, volume of 1.1 million shares or dollar volume of $102.64 million, has already exchanged hands through early trading on Tuesday.
Shares of Stamps.com are rallying Tuesday, after the company announced that it has entered into a collaboration agreement with United Parcel Service, Inc. (NYSE: UPS) to offer special discounted UPS shipping rates. The discounts will be as high as 55% off UPS’s daily rates, including waived surcharges. The agreement comes as UPS seeks to bolster its collaboration with various companies to expand e-commerce presence. Here is the full press release detailing of the collaboration:
Stamps.com, Inc. Press Release:
ATLANTA, Oct. 21, 2019 (GLOBE NEWSWIRE) — UPS (UPS) today unveiled a new collaboration with Stamps.com (STMP) to provide their customer base of more than 740,000 access to specially discounted UPS® shipping rates. Stamps.com customers will have seamless UPS connectivity for e-commerce fully integrated within their familiar Stamps.com platforms.
Stamps.com offers a portfolio of Internet shipping software solutions under the brand names ShipStation, ShippingEasy, ShipWorks, Stamps.com and Endicia. These solutions help small and medium-sized e-commerce businesses run their shipping operations more smoothly and successfully. This new collaboration with UPS will make UPS shipping services available to Stamps.com’s customers at attractive discounts of up to 55 percent off daily rates, including various waived surcharges.
“UPS wants to make the shipping process seamless for small businesses, so they can focus on growing their business,” said Kevin Warren, UPS Chief Marketing Officer. “By collaborating with Stamps.com, their e-commerce customers will have easy access to UPS within the same familiar platform they’ve been using, offering them more choice and control over their shipping needs.”
“This new collaboration will allow us to bring the leading shipping solutions of UPS to our customer base in a simpler and more seamless fashion, and at very attractive new discounts,” said Ken McBride, Chairman and CEO of Stamps.com. “We want to empower our customers, and we know that delivery speeds and competitive rates are an important factor for small business success.”
This collaboration is one of the increasing number of strategic alliances and agreements UPS has added to make industry-leading logistics services more broadly available, as part of its newly unveiled strategy called the UPS Digital Access Program (DAP). The DAP helps e-commerce platforms provide a comprehensive suite of order management, fulfillment and delivery services to simplify the complexity of logistics. Through various platforms, small and medium-sized businesses everywhere will have access to a broader range of delivery options, visibility, integration and returns solutions to empower their ecommerce and online business.
For businesses interested in learning more about accessing UPS’s DAP shipping rates in Stamps.com, click here.
UPS (UPS) is a global leader in logistics, offering a broad range of solutions including transporting packages and freight; facilitating international trade, and deploying advanced technology to more efficiently manage the world of business. Headquartered in Atlanta, UPS serves more than 220 countries and territories worldwide. UPS was awarded America’s Best Customer Service company for Shipping and Delivery services by Newsweek magazine; Forbes Most Valuable Brand in Transportation; and top rankings on the JUST 100 list for social responsibility, the Dow Jones Sustainability World Index, and the Harris Poll Reputation Quotient, among other prestigious rankings and awards. The company can be found on the web at ups.com or pressroom.ups.com and its corporate blog can be found at ups.com/longitudes The company’s sustainability eNewsletter, UPS Horizons, can be found at ups.com/sustainabilitynewsletter. To get UPS news direct, follow @UPS_News on Twitter. To ship with UPS, visit ups.com/ship.
Stamps.com (STMP) is the leading provider of postage online and shipping software solutions to customers, including consumers, small businesses, e-commerce shippers, enterprises, and high volume shippers. Stamps.com offers solutions that help businesses run their shipping operations more smoothly and function more successfully under the brand names Stamps.com, Endicia, ShipStation, ShipWorks, ShippingEasy and MetaPack. Stamps.com’s family of brands provides seamless access to mailing and shipping services through integrations with more than 500 unique partner applications.