NewPage under bankrupcty protection, but still wants a $3 million payout for 15 executives:
NewPage Corporation may be under bankruptcy protection, but that hasn’t stopped the company from filing a motion with the U.S. Bankruptcy Court asking for approval for $3 million in a short-term incentive program to be split among 15 of its executives.

Resolute Forest Products curtails paper making in Fort Frances for the rest of the year:
Resolute Forest Products, previously known as AbitibiBowater, is curtailing its Fort Frances, Ontario paper machines for the rest of the year. The downtime will start next week.

100 employees will be affected.

Poor market conditions are cited for the downtime.

Kraft mill operations are not affected.

USPS: Catalogs Pay Their Way – American Catalog Mailers …: American Catalog Mailer Association makes its case: “We estimate the catalog industry paid $3.6 billion in postage, generating more than $1 billion of fixed-cost coverage above what it cost the USPS to deliver the catalogs. ...

Norske Skog recommends closure of its Follum mill

USPS Hires Banking Advisory Firm to Help With Restructuring Business Model: Statement on Retention of Evercore Partners The U.S. Postal Service must make fundamental changes to its business model to return to profitability and continue its mission of providing quality service to every address in the nation. Proposed changes include operational, compensation and benefits changes to reduce Postal Service annual expenses by $20 billion by 2015.

PRC Approves January Postage Increase: As we told you in our October 28, 2011 E-tip the United States Postal Service announced their intention to increase postage on market dominant products by an average of 2.133%, effective January 22, 2012. This increase was approved on Tuesday 11/22/2011 by the Postal Regulatory Commission (PRC). Price Increases The price increases vary by mail class and [...]

USPS Says Recession Cost $2.34B: by Jim Tierney at Multi-Channel Merchant In defense of a bid for an exigent rate increase next year, the U.S. Postal Service claims the recession impacted its finances to the tune of $2.34 billion during fiscal years 2008-09, according to a Nov. 21 filing with the Postal Regulatory Commission. Given the fact that Congress hasn’t agreed to any [...]

USPS proposes rate increases for 2012 – Direct Marketing News: The U.S. Postal Service ( USPS ) seeks to raise shipping service rates by 4.6%, the company said in a Nov. 22 statement. Priority Mail prices will increase on average 3.1%, Express Mail prices will increase 3.3% and ...

USPS announces rate hikes for competitive classes of mail | Rocky …: The average for Priority Mail is 3.1% and Express Mail is 3.3%. A number of service changes indicate the USPS is trying to incent mailers to reduce window service demands, reducing USPS costs. DMA supports this trend and ...

NewPage Port Hawkesbury seeks extension to creditor protection period:
NewPage Port Hawkesbury filed a motion with the Nova Scotia Supreme Court yesterday asking the court to extend its period of creditor protection.

The motion will be heard on Tuesday.


NewPage Port Hawkesbury seeks extension to creditor protection period is a post from: ForestTalk.com

manroland AG files for Insolvency: manroland AG today filed a petition to initiate insolvency proceedings with the jurisdictional district court at Augsburg, after the negotiations with a potential investor have failed on the home stretch. At the same time the company has filed a request for self-administration in order to finalize the on-going restructuring efforts. The provisional insolvency administrator Werner Schneider will in due course examine the situation at manroland, in order to obtain a comprehensive picture of the si

You can now subscribe to artilce discussions. Subscribe to Recent Discussions

Follow us on: Twitter | Facebook | LinkedIn