We have several new data points to discuss that are relevant to Stamps.com (STMP). First, monthly data from the United States Postal Service exhibited the first meaningful decline in PC Postage revenue since the start of the pandemic, falling 21% Y/Y in May.
Read MoreQAD (QADA) has acquired Foreign-Trade Zone Corporation (FTZ), a provider of cloud-based software and services enabling manufacturers to establish and manage foreign-trade zone operations while ensuring compliance with regulations governing the Foreign-Trade Zones program.
Read MoreThe United States Postal Service (USPS) unveiled its ten-year plan, “Delivering For America,” to achieve financial sustainability and service excellence. Consistent with postal reform efforts in recent years, much of the plan hinges upon legislative actions and regulatory changes, including the elimination of mandates requiring the USPS to prefund retiree health benefits, full integration of Postal Service-specific health plans with Medicare, and increased pricing flexibility for market dominant products i.e. traditional mail.
Read MoreSalesforce’s (CRM) 2020 Holiday Shopping Report revealed that online spending by consumers increased 50% Y/Y to $1.1 trillion worldwide and rose 43% Y/Y to $236 billion in the U.S. Domestically, initiatives to pull forward holiday spend fueled an 82% Y/Y increase in Pre-Cyber Week sales.
Read MoreAs we head into the final quarter of a year like no other, any hope of a less eventful exit from 2020 quickly went out the window. That #RoseGardenMassacre is trending on Twitter and the NFL has postponed a couple of games after three weeks without issue serves as a stark reminder that this is no time for complacency.
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