Packaging Corporation of America Reports Record Fourth Quarter and Full Year 2014 Results

Packaging segment EBITDA in the fourth quarter of 2014 was $239 million, and excluding special items, was $250 million with sales of $1.122 billion. For the year, EBITDA was $986 million, and excluding special items, was $1.015 billion with full year sales of $4.54 billion. PCA fourth quarter corrugated products shipments were up 5.4%, and including Boise, were up 11% compared to last year’s fourth quarter. Containerboard production was 927,000 tons, including 58,000 tons produced on the DeRidder No. 3 machine which started up on October 17, 2014. Paper segment EBITDA in the fourth quarter of 2014 was $45 million and sales were $284 million. For the year, EBITDA was $186 million and sales were $1.2 billion. Office paper shipments in the fourth quarter were down 6% compared to last year’s fourth quarter. Printing and converting and pressure sensitive paper shipments were down 12,500 tons as a result of the fourth quarter 2013 paper machine closures at the International Falls, Minnesota mill. Mill production was 287,000 tons.
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Oil Trades Near 6-Year Low as OPEC Fails to Turn Focus From Glut

Oil traded near the lowest in almost six years in New York as OPEC’s warning that prices may surge without new investment in production failed to shift the market’s focus from more immediate signs of a supply glut. Futures fell 0.3 percent in New York, paring an earlier increase of as much as 1.3 percent. A spike to $200 a barrel is possible without adequate investment for the long term, OPEC Secretary-General Abdalla El-Badri said. U.S. crude inventories probably rose to 402.1 million barrels last week, the most in records dating back to August 1982, a Bloomberg News survey shows before a government report on Wednesday.
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NY Times: The Catalog Lives!

The single-digit percentage rise of catalogs over the last few years has been recognized by the national “paper of record.” Catalogs are alive and well, says The New York Times. “From Anthropologie to American Girl, Pottery Barn to Patagonia, retailers are still relying on direct mail even as they spend considerable resources on improving their websites to accommodate the steady increase in online shopping,” wrote Times media reporter Rebecca R. Ruiz yesterday in a story titled “Catalogs, After Years of Decline, Are Revamped for Changing Times.”
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Revision to the FSC Chain of Custody Standard

To streamline the standard, incorporate the results of recent pilot projects, and include direction given by the FSC General Assembly, FSC has been in the process of reviewing and revising the Chain of Custody Standard (FSC-STD-40-004) over the past two years, with the help of the Chain of Custody Working Group. While there have been delays in the process, the first public consultation has begun and the draft of the revised Chain of Custody Standard is now available for public review. Comments are due by February 28, 2015.
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Proposed New Postal Service Shipping Prices Designed to Capitalize on Strong Package Growth

In a notice filed today with the Postal Regulatory Commission (PRC), the U.S. Postal Service seeks to keep Priority Mail Express and Priority Mail services at their current prices. It’s part of the Postal Service’s ongoing pricing strategy to capitalize on strong package growth. Priority Mail is the Postal Service’s flagship Shipping Services product and is a convenient and fast way to send documents and packages requiring expedited transportation and handling.
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