——— PAPER & PRINT ———
Cenveo reaches agreement with major stakeholders in support of its plan of reorganization
Cenveo Inc. announced late yesterday that it has reached a revised Chapter 11 plan of reorganization settlement agreement with more than 70% of its creditors – a key step in clearing the path for the mega-printer to emerge from Chapter 11 bankruptcy protection this summer. Read more at Book Business.
Twin Rivers Paper completes acquisition of Mondi’s 140,000 tons/yr kraft paper mill in Pine Bluff, AR
Twin Rivers Paper Company LLC announced today that it has completed the acquisition of the paper mill located in Pine Bluff, Arkansas. Twin Rivers, headquartered in Madawaska, Maine, produces specialty packaging, label, publishing, and technical specialty papers as well as dimensional lumber. Read more at Business Wire.
Verso to amend grade offering: discontinuing production of Focus
In an effort to manage our extensive paper manufacturing system in the most efficient and responsive way, Verso is discontinuing production of our Focus® grade as of July 31, 2018. Our current Focus® inventory will be available for sale until it is extinguished. Read more from RISI.
Nine Dragons to buy US Catalyst mills with integrated pulp capacity
Top Chinese packaging producer Nine Dragons Paper (Holdings) is set to take over two integrated pulp and paper mills owned by Catalyst Paper in the USA.
Nine Dragons signed a definitive agreement with the North American producer on May 25 for the acquisition of its Rumford mill in Wisconsin and its Biron plant in Maine for $175 million.
The deal is expected to close by the end of the month. Read more on the deal with RISI.
——— POSTAL ———
10 Facts About the U.S. Postal Service (USPS) That You Need To Know
So, think you know everything about the United States Postal Service? Probably not. Yet, the Postal Service is probably one of the most omnipresent government agencies there is, delivering mail to each and every one of us on a near-daily basis.
Does the US Postal Service make money?
There’s a more fundamental controversy at the U.S. Postal Service than if it makes money on Amazon shipments. Does it make money at all? You’d think that would be easy to answer, but it’s not. So, here’s my attempt to get to the bottom line.
The U.S. Postal Service emerged in 1971 from the old U.S. Post Office. The plan was for this new independent federal agency to take in revenue, pay expenses and end up with a surplus (income or profit in business) or a deficit (loss).
The theory went if they lose money, they would increase rates and/or cut costs. And customers would have a more responsive and economic service that didn’t require federal subsidies. Read more here.
——— DIRECT MARKETING ———
How to Give Prospects a Reason to Respond ‘Right Now!’
Hesitation and procrastination are among the most common of all human behaviors.
If you’re a mail-order catalog shopper, you have — more than once — browsed, folded down corners of pages from which you intended to buy items, set the catalogs aside, and never placed the orders. Read more at Entrepreneur.com.
——— LOGISTICS ———
Local trucking experts weigh in on shortage
The national trucker shortage is creating employment opportunities, but also contributing to higher shipping fees for consumers.
According to the American Trucking Associations, the shortage of truck drivers across the country is already near 50,000, and that number is expected to grow. Read more at WGEM.com.