LSC Communications announced a multi-year agreement with Elsevier, the global information analytics business specializing in science and health. LSC currently prints a significant share of Elsevier’s books and journals and, under the new agreement, will begin providing book fulfillment and distribution services in 2019 for Elsevier’s US markets. Additionally, LSC has acquired Elsevier's Linn, Missouri Fulfillment and Distribution Center. Consequently, all Elsevier employees will be transferred to LSC in 2019. The addition of this facility will further strengthen LSC’s ongoing focus on providing a full range of supply chain services for publishers of both printed and electronic books. Click read more below for additional detail.
The Pew Research Center released the results of a survey this week that signal more hardship for print publishers. Some 76% of respondents between the ages of 18 and 49 who read the news — rather than watch or listen to it — prefer to find that news online. Of those 50 and older, 43% preferred the web as opposed to print. In addition, three times as many 18- to-49-year olds who watch and listen to the news preferred to gather that form of news online too, rather than those over 50. The study marked a healthy uptick in readers turning to the web for news since 2016. Just two years ago, 49% of respondents over 50 who preferred to read the news preferred printed paper, while 32% preferred to go online. Click read more below for additional detail.
Saudi Arabia proposed that OPEC and key allies such as Russia cut crude oil production by one million barrels per day. Crude oil prices fell on fears that such a smaller-than-expected reduction would not be enough to reduce global oversupply and prop up futures. The OPEC meeting has not settled on a crude oil production cut figure, Saudi Minister Khalid Al-Falih told reporters. But as OPEC's de facto leader, Saudi Arabia's proposal gives a strong indication of what the final decision will be. On Wednesday, Russia agreed to take part in a six-month reduction after Saudi Arabia said it wouldn't stand alone with output cuts. But OPEC and non-members couldn't agree on the size of the cut.
Costco Wholesale Corporation reported net sales of $12.77 billion for the retail month of November, the four weeks ended December 2, 2018, an increase of 9.8 percent from $11.63 billion last year. For the twelve-week first quarter ended November 25, 2018, the Company reported net sales of $34.31 billion, an increase of 10.3 percent from $31.12 billion during the similar period last year. For the thirteen weeks ended December 2, 2018, the Company reported net sales of $37.57 billion, an increase of 10.2 percent from $34.09 billion during the similar period last year.
A recent rule adopted by the Securities and Exchange Commission, Rule 30e-3, would allow certain investment companies to use electronic delivery as the default delivery method for annual and semiannual reports, putting many Americans at a disadvantage. Twin Rivers Paper Company has challenged the agency in federal court, urging a review of the rule’s potential negative effects. Rule 30e-3, which goes into effect in January 2019 with some exceptions, would require investors to opt in for paper statements. This means that unless investors proactively ask for paper statements, they will receive electronic files by default. We, along with the Envelope Manufacturers Association trade group, the National Association of Letter Carriers, paper manufacturers Boise Paper and Monadnock Paper Mills, and others, have filed an amicus brief in support of Twin Rivers’ position on Rule 30e-3 and continued paper delivery unless recipients actively opt out. Click read more below for additional detail.
Originally known as “All American Label,” the Dublin, California company recently installed three Heidelberg machines to add packaging services to their list of product offerings – inspiring their new name: All American Label and Packaging. The new equipment includes a Suprasetter A 106 CtP, Speedmaster CD 102-6+L, and Easymatrix 106 CS. “We want to be like a local convenience store for our customers — a one-stop shop for everything they need. Our customers can purchase their labels, sheetfed, offset-web, foiled embossed, inkjet, wide-format inkjet, grand format inkjet, all the way to simple signs, banners, and commercial print,” said Brad Brown, CEO of All American Label and Packaging. “This is what made us go with this large Heidelberg suite of products — we wanted to offer everything to our customers, and we wanted to offer the best.” With customer requests for packaging and the company’s own desire to be “More Than Just Labels,” All American Label and Packaging looked to Heidelberg to expand their product portfolio. Click read more below for additional detail.
Statkraft and Norske Skog Skogn AS and Norske Skog Saugbrugs AS have entered into new long-term industrial power supply agreements for the period from 1 December 2018 to 31 December 2026. The contracts will contribute to the supply of power to Norske Skog's paper mills in Skogn and Halden, and will replace previous contracts between Statkraft and Norske Skog. "We are pleased to extend our comprehensive and long-term cooperation with Norske Skog. Norske Skog has been through a period with demanding challenges and group restructuring. Statkraft has been the main supplier of power to Norske Skog for many years, and it is a pleasure that we contribute to predictable and competitive power supply agreements, "said Hallvard Granheim, Executive Vice President of Market Operations & IT at Statkraft. Click read more below for additional detail.
UPM Raflatac is pleased to announce its RafCycle® recycling solution has expanded to the United States and Canada. Now, brands in this region can give new life to their self-adhesive label waste that would otherwise be landfilled. Converter and printer Fort Dearborn Company as well as several brand owners are participating in the launch. UPM Raflatac collects the paper and PET liner waste from its RafCycle partners and recycles it into new materials, which provides numerous benefits to printers, packers, brand-owners, and, of course, the environment. Turning waste into a resource is a key concept in the circular economy and an important part of UPM Raflatac's approach to labeling a smarter future beyond fossils. Collaboration across the value chain is important to making the RafCycle program successful in delivering more sustainable packaging solutions. Click read more below for additional detail.
Effective December 26, 2018, the rates for UPS® Ground, UPS Air and International services, as well as UPS Air Freight rates within and between the U.S., Canada and Puerto Rico, will increase an average net 4.9%. UPS continues to make investments in capacity, technology and reach of our transportation network in order to support our customers’ growth, visibility, and service needs. Rate increases support ongoing expansion and capabilities enhancements while ensuring UPS is fairly compensated for the value and high service levels provided. For additional information and to review the announced rates visit http://www.rates.ups.com
Barnes & Noble, Inc. announced that over 100 books, including some of the year’s hottest gift books and new releases, will be 50% off starting today, December 6, and running in stores and online through Monday, December 24, and online at BN.com through Tuesday, December 25, while supplies last.* “Nobody knows books like Barnes & Noble, and this holiday we want to delight our customers with many of the year’s best books at half-price for their seasonal shopping,” said Tim Mantel, Chief Merchandising Officer at Barnes & Noble. “Whether you’re getting a book for a family member, a friend, a co-worker, or just looking for a good read for the holiday, there’s sure to be a perfect book in our selection of 50% off titles. Come in today and ask one of our expert booksellers for a recommendation.” Click read more below for additional detail.