Canadian Prime Minister Justin Trudeau’s government cleared an ongoing impasse with indigenous chiefs who’ve now agreed to meet Thursday to negotiate an end to weeks of railway blockades that triggered cancellations for thousands of passengers, layoffs and sparked fears of food and supply shortages across the country. Blockades on strategic railway points across the country began to pop up in early February after Wet’suwet’en Nation hereditary chiefs growingly pushed back on the construction of a $5 million Coastal GasLink pipeline project that crosses their traditional territory in northwestern British Columbia.
Fourth Quarter 2019 Consolidated Results • Fourth quarter GAAP revenues of $699.3 million rose 68.1% as compared to the prior year quarter reflecting the Acquisition. ◦ Legacy Gannett fourth quarter same store revenues decreased 10.1% year-over-year. ◦ Legacy New Media fourth quarter same store revenues decreased 9.6% year-over-year. • Pro forma digital advertising and marketing services revenues reached $231.8 million in the fourth quarter, or 22.0% of total pro forma revenues. Full Year 2019 Consolidated Results • 2019 GAAP revenues of $1.9 billion rose 22.4% as compared to the prior year reflecting the Acquisition. ◦ Legacy Gannett 2019 same store revenues decreased 9.4% year-over-year. ◦ Legacy New Media 2019 same store revenues decreased 8.0% year-over-year. • Pro forma digital advertising and marketing services revenues reached $912.5 million in 2019, or 21.8% of total pro forma revenues.
REI Co-op’s adventure travel company has introduced its first active trips in Shenandoah National Park, along with new trips in Norway and Slovenia. The global leader in small group active travel also announced its first international backpacking trip in Patagonia and continued expansion of its Grand Canyon and cycling collections. “We intentionally design every active adventure to connect with local communities in a meaningful way that only REI can offer,” said Mark Seidl, REI divisional vice president of Experiences. “By doing so, we want our guests to gain a broader perspective of the world and be transformed through the experience.” cluck read more for much more info
Despite uncertainty from the coronavirus, presidential election and lingering trade war, the National Retail Federation (NRF) forecasts that retail sales will increase between 3.5 percent and 4.1 percent to more than $3.9 trillion in 2020, it announced in a press release yesterday. Matthew Shay, NRF president and CEO, said in the press release that consumers continue to drive the economy as the nation's record-long economic expansion continues. He also noted that since household incomes are rising and interest rates are decreasing, he expects a healthy year ahead, even with uncontrollable uncertainties that may arise. "When it comes to the fundamentals, our economy is sound and consumers continue to lead the way," Shay said. NRF reported retail sales grew 3.7 percent during 2019, which just falls short of its forecast of 3.8 percent growth.
Intertape Polymer Group Inc. announced a series of measures that demonstrate its continuing commitment to creating a more sustainable future by enhancing its product offering, operations and supply-chain management. As part of this comprehensive approach to sustainability, the Company has engaged William McDonough as a strategic advisor for the Company’s sustainability strategy. This is in addition to implementing other measures to position the Company as a leading provider of sustainable packaging and protective solutions. Sustainability Highlights: • Collaborating with William McDonough of McDonough Innovation on strategic advising for the design, manufacture and delivery of packaging and protective solutions grounded in the Cradle to Cradle Design™ framework • Achieved Cradle to Cradle Certified™ Bronze level for water-activated tape ("WAT") • Launched the Curby™ product line, a new proprietary, curbside recyclable range of solutions • Passed the Western Michigan University Old Corrugated Cardboard ("OCC") Equivalency ("WMU OCC-E") testing protocol to certify the recyclability of IPG non-reinforced WAT. click read more for additional info
TC Transcontinental announces the creation of a Recycling Group within TC Transcontinental Packaging. In 2020, this group will start purchasing equipment for converting flexible plastics recovered from sorting facilities and other commercial, industrial and agricultural sources into recycled plastic granules. It will also be on the lookout for potential acquisitions of companies in this sector. “The creation of the Recycling Group aims to vertically integrate the recycling of plastics in our packaging production chain in Canada, the United States and Latin America, ultimately ensuring stable procurement of this material for us,” said François Olivier, President and Chief Executive Officer of TC Transcontinental. “This decision stems from our desire and that of many customers to differentiate ourselves with an offering of eco-responsible packaging products containing recycled plastic, accelerate its development, and create a truly circular economy for plastic that will bring further benefits for the environment and for communities.”
Ahlstrom-Munksjö has today published its Annual and Sustainability Report 2019 on the company’s website http://www.ahlstrom-munksjo.com. “In 2019, we integrated acquired businesses, implemented profit improvement actions, strengthened our company culture and actively developed our business portfolio. With our product offering we facilitate a more sustainable everyday life by providing renewable materials that are alternatives to non-renewables, and solutions with sustainability benefits. We like to talk about smart solutions from fibers. Read more about this in our Annual & Sustainability Report”, says Johan Lindh, VP Group Communications and Investor Relations.
Sappi North America, Inc. was named a winner in the 2019 SEAL Business Sustainability Awards for Environmental Leadership. The award honors companies for specific environmental and sustainability initiatives measured by key criteria including impact metrics, innovation, insights and investment efforts. Sappi is a recipient of this award for the Land Application Program at its Cloquet, Minn. mill and is among notable winners including Adidas, Disneyland Resorts, Tide Eco-Box and others. The Cloquet mill's program began in 2004 in order to develop a solution to an impending challenge with landfill space. The Land Application Program repurposes boiler ash and lime mud byproducts into a sustainable agricultural fertilizer which is accessible to the local community at a minimal cost. Through the years, the program's dedication to waste reduction and efficiency have provided these natural byproducts to farmers, which reduces the commercial chemical products needed for high-quality growing conditions in the region. To date, Sappi North America has provided 200 tons of materials to 300 sites per year, with some farmers seeing a 30 percent increase in crop yield.
National Average Price for Regular Unleaded Current: $2.458; Month Ago: $2.506; Year Ago: $2.413. National Average Price for Diesel Current: $2.861; Month Ago: $2.967; Year Ago: $2.983.
American Dollar to Canadian Dollar = 0.744227; American Dollar to Chinese Yuan = 0.143150; American Dollar to Euro = 1.097144; American Dollar to Japanese Yen = 0.009202; American Dollar to Mexican Peso = 0.050520.