Oil prices dipped on Thursday as the U.S.-China trade war continued to cloud prospects for the global economy and fuel demand despite a resumption in talks seeking a resolution to the 15-month conflict. The dispute has disrupted global supply chains and slowed growth in the world's two largest economies, curbing fuel consumption in both.
According to the new Holiday Shopping Intentions Survey from the International Council of Shopping Centers (ICSC), holiday spending in 2019 will increase 4.9% from the previous year for a total of $832.3 billion. The average adult will spend $683 on holiday-related items. The study also found that 90% of U.S. adults plan to shop in-store for gifts and other related goods, and 97% of holiday shoppers plan to shop with a retailer that has a physical presence. Promotions will drive in-store visits, with over 60% of respondents saying that searching for deals encourages them to make more trips to physical stores.
Costco Wholesale Corporation reported net sales of $14.41 billion for the retail month of September, the five weeks ended October 6, 2019, an increase of 5.6 percent from $13.64 billion last year. http://investor.costco.com/news-releases/news-release-details/costco-wholesale-corporation-reports-september-sales-results-4
The 2020 political campaigns are not yet in full swing, but already paper is a leading vote-getter. Over the past several years, experts, advocates and voters in the United States have called for paper ballots to ensure the security and accuracy of vote counts. In response, more state and national lawmakers are moving in the direction of paper-based voting systems. Earlier this year, the U.S. House of Representatives passed the SAFE Act, which establishes safeguards for voting equipment and requires the use of paper-based voting systems. The bill would provide millions of dollars in grants for states to assess risks and take steps to make voting more secure. The measure faces an uncertain future in the Senate.
As outlined in our half-year results, demand in the third quarter remained generally softer across the markets in which we operate and prices for key paper grades were below those of the first half. Consequently, underlying EBITDA for the third quarter of 2019 was €383 million, down 18% on the comparable prior year period (€466 million) and 9% below the second quarter of 2019 (€423 million). Lower average selling prices from the highs reached towards the end of 2018 and into early 2019, coupled with the anticipated lower forestry fair value gain, more than offset the benefits of our ongoing profit improvement initiatives. Like-for-like sales volumes were, on average, marginally lower than the comparable prior year period as a result of lower industrial bags and uncoated fine paper volumes; this was partly offset by growth in corrugated packaging. On average, costs were higher than the comparable prior year period, although lower than the previous quarter.
Who would predict that AT&T would become the world’s largest printing buyer? The telecom giant is much more than “Ma Bell” as it rings up in 2020 as the world’s largest entertainment and communications provider, according to the Printing Impressions Top 100 Print Buyers forecast for 2020. The integration of a myriad of bi-coastal cross-media brands through DirecTV, Warner Media, and other acquisitions will add up to nearly $1.5 billion for print imaging subcontracted to more than 800 facilities in the U.S. alone. The global buys could exceed $2.2 billion.
Sonoco ThermoSafe has announced the creation of the Orion r® high performance temperature controlled box rental service. This service will feature the new Orion r® line of temperature controlled packaging, featuring high performance vacuum panel insulation encased in a lightweight, rugged EPP shell for maximum durability and thermal duration. The Orion r® line will also offer optional on board telemetry, allowing biopharmaceutical clients access to cloud-based temperature and geolocation data for maximum shipment visibility and quality assurance. Orion’s innovative long-duration design, featuring rugged, lightweight Sonoco-molded automotive EPP, is substantially more reusable than existing rental parcels and enables the pharmaceutical supply chain to cost-effectively and sustainably ship small parcels globally.
The Navigator Company is the first Portuguese company – and one of the first worldwide – to take on the commitment of achieving carbon neutrality 15 years early, by giving all of its industrial complexes a net zero carbon footprint by 2035. In order to achieve this mission, Navigator announced today at its Sustainability Forum that it will be investing a total of €158 million. “It is with great pleasure that I address this Sustainability Forum and commend your dedication to the issue of climate change,” António Guterres, Secretary-General of the United Nations, wrote in a letter addressed to the event participants.
The United States Postal Service filed notice with the Postal Regulatory Commission (PRC) of price changes to take effect Jan. 26, 2020. The proposed prices, approved by the Governors of the Postal Service, would raise Mailing Services product prices approximately 1.9 percent. Shipping Services price increases vary by product. For example, Priority Mail Express would increase 3.5 percent and Priority Mail would increase 4.1 percent, on average. Although Mailing Services price increases are based on the Consumer Price Index, Shipping Services prices are primarily adjusted according to market conditions. The Governors believe these new rates will keep the Postal Service competitive while providing the agency with needed revenue. If favorably reviewed by the PRC, the new prices will include no increase in the price of a First-Class Mail Forever stamp, which would remain at 55 cents.
LSC Communications announced that the company was honored with six awards in the 2019 ‘Golden Cylinder’ Awards, an annual competition designed to identify the “Best of Gravure” in each segment of the printing industry and to distinguish technical innovations. Three different LSC Communications facilities produced the six print pieces that were recognized with awards, with four awards for magazines and two for catalogs. Winning pieces were selected based on various factors including image quality, overall visual impact, and technical difficulty and innovation. LSC was the top winner in the competition with the most awards including one of the event’s highest accolades, the “Best of the Best Publication” award for The New York Times Style Magazine “Women’s Fashion” August 19, 2018 issue.