real-time news and commentary for investors
Thursday, Oct 25
2012, 11:07 AM
In a salvo aimed at Amazon and shipping partner UPS, eBay (EBAY) is teaming up with FedEx (FDX)...
In a salvo aimed at Amazon and shipping partner UPS, eBay (EBAY) is teaming up with FedEx (FDX) to give merchants the ability to print FedEx labels at home at rates discounted as much as 37%. eBay is also partnering with Pitney Bowes (PBI) to provide international tracking and duty rate estimates. 40% of eBay sellers already use its label-printing services, and 50% of Q3 sales involved free shipping - any cost savings for such deals will boost a seller's bottom line. eBay's Q3 sold items were up 19% Y/Y, lifted by growing mobile activity.