UPS (NYSE:UPS) today announced it has ordered 14 new Boeing 747-8 cargo jets to meet increased demand for the company’s air shipping services. UPS’s long term strategy is to increase customers’ access to global markets and air shipments are a major growth opportunity for the company. The 747-8s will enable UPS to begin a cascade of aircraft route reassignments that will add significant air capacity to the company’s busiest lanes, thereby optimizing global air network capacity well beyond the impact of adding new cargo jets.
The husband-and-wife contractors and HGTV stars, Chip and Joanna Gaines, had the #1 selling book in the country last week. Their The Magnolia Story, written with Mark Dagostino, sold over 121,000 print copies in its first week on sale, according to Nielsen BookScan, which tracks about 85% of print sales. 43414-1The couple rose to prominence on the HGTV show Fixer Upper, where they rehab homes in Waco, Tex., for local buyers. (Their construction and design company is called Magnolia.) Thanks to the notoriety they have gained from the show, the couple is beating well-established authors on the charts. The Magnolia Story sold nearly twice as many copies of last week's #2 seller, Killing the Rising Sun by Bill O’Reilly and Martin Dugard, which moved just under 46,000 copies.
Quad/Graphics (NYSE: QUAD), a leading global provider of print and marketing services, today announced a multi-million-dollar investment in its award-winning Dallas plant. The investment adds new jobs, ushers in a new era of industry-leading technology in the region, and builds off of the plant’s long-standing tradition of high quality, responsive service and quick turn times.
It may have seemed odd when Book Business revived the Top 20 Book Manufacturers ranking in 2014, a time when ebook sales were booming and discussions of print’s death were rampant. But print books are still here and with help of new printing and fulfillment technology, publishers are finding ways to print books more economically and in better response to consumer demand. For example, print-on-demand has enabled publishers to revive out-of-print titles or respond to unexpected surges in popularity of backlist titles around news events or celebrity recommendations.
The Supervisory Board of Heidelberger Druckmaschinen AG (Heidelberg) is reorganizing the company’s Management Board today with the appointment of Rainer Hundsdörfer (59) as the new CEO and Dr. Ulrich Hermann (49) as a regular member. International industry expert Mr. Hundsdörfer will replace Dr. Gerold Linzbach on November 14, who is leaving the company of his own accord, as already announced.
"July-September 2016 was an excellent quarter for us, with very strong performance from our organization. We achieved 3.7% sales growth at constant currency rates and profitability reached yet another record in the current structure of the company. This was also the 12th consecutive improvement in quarterly operating profit. Our hard work towards enhancing operational efficiency and achieving a more competitive cost structure is clearly paying off and we continued to benefit from lower variable costs during the quarter.
For the quarter ended September 30, 2016, reported sales increased 1% to $590 million from $586 million a year ago. Excluding the negative impact from changes in currency exchange rates and the positive impact from acquisitions, core sales decreased by approximately 1%.
Weyerhaeuser Company (NYSE: WY) today reported third quarter net earnings to common shareholders of $227 million, or $0.30 per diluted share, on net sales of $1.7 billion. This compares with net earnings of $180 million, or $0.35 per diluted share, on net sales of $1.4 billion for the same period last year. Third quarter results include after-tax earnings of $65 million from discontinued operations, which included a net gain of $41 million on the divestiture of the liquid packaging board business. Third quarter results also include net after-tax charges of $10 million from special items. Excluding discontinued operations and special items, the company reported net earnings of $172 million, or $0.23 per diluted share for the third quarter. This compares with net earnings from continuing operations before special items of $121 million for the same period last year and $130 million for second quarter of 2016.
Xerox (NYSE: XRX) announced today its third-quarter financial results and reaffirmed its full-year guidance. The company reported continued progress on its strategic transformation program and remains on track to complete its planned separation into two independent, publicly traded companies by year end. “In an important period for Xerox when our separation-related activities ramped up significantly, we delivered solid financial results despite challenging market conditions. This reflects our commitment to executing on all aspects of our ambitious agenda, including our strategic transformation and achieving our 2016 financial objectives,” said Ursula Burns, Xerox chairman and chief executive officer.
Sealed Air’s Chad Stephens has a big box of packaging innovations to bring to next month’s Pack Expo International 2016. There are heart-shaped bubbles in Bubble Wrap, internet-connected packaging machines and on-demand cushioning for products. “We will give them a snapshot of what packaging of the future will look like,” says Stephens, vice president of research and development in the Product Care division of Sealed Air Corp. (NYSE: SEE).