Meet the New Stamps.com and UPS Partnership

By Chris Lange Updated Jan 30, 2:16PM EST · Published Oct 22, 1:35PM EDT

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Meet the New Stamps.com and UPS Partnership — © Justin Sullivan / Getty Images

Stamps.com Inc. (NASDAQ: STMP) shares shot up on Tuesday after a collaboration with United Parcel Service Inc. (NYSE: UPS | UPS Price Prediction) was announced. The goal of this partnership is 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.

This new collaboration with UPS will make UPS shipping services available to Stamps.com’s customers at attractive discounts of up to 55% off daily rates, including various waived surcharges.

Note that this move is part of an increasing number of strategic alliances and agreements that 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.

Ken McBride, board chair and chief executive of Stamps.com, commented:

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. We want to empower our customers, and we know that delivery speeds and competitive rates are an important factor for small business success.

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Kevin Warren, UPS chief marketing officer, added:

UPS wants to make the shipping process seamless for small businesses, so they can focus on growing their business. 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.

Shares of Stamps.com traded up about 23.5% to $94.05 on Tuesday. The 52-week range is $32.54 to $211.39. The consensus price target is $62.70.

UPS traded down about 3% to $114.90 a share, in a 52-week range of $89.89 to $123.63. The consensus analyst target is $123.30.

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About the Author Chris Lange →

Chris Lange is a writer for 24/7 Wall St., based in Houston. He has covered financial markets over the past decade with an emphasis on healthcare, tech, and IPOs. During this time, he has published thousands of articles with insightful analysis across these complex fields. Currently, Lange's focus is on military and geopolitical topics.

Lange's work has been quoted or mentioned in Forbes, The New York Times, Business Insider, USA Today, MSN, Yahoo, The Verge, Vice, The Intelligencer, Quartz, Nasdaq, The Motley Fool, Fox Business, International Business Times, The Street, Seeking Alpha, Barron’s, Benzinga, and many other major publications.

A graduate of Southwestern University in Georgetown, Texas, Lange majored in business with a particular focus on investments. He has previous experience in the banking industry and startups.