Delaware Senator Tom Carper Introduces Postal Reform Bill That Freezes Rates to January 2018
In a statement issued through the Senate Committee on Homeland Security and Governmental Affairs, Senator Carper said that the iPOST bill “includes a comprehensive package of reforms that would place the Postal Service on firm financial footing, stabilize and improve service performance, allow for the development of new products and services, and enhance transparency.”
Some of the key measures proposed by the iPOST bill include: installing a two-year moratorium on further US Postal Service (USPS) plant closures; applying greater transparency to service performance; and requiring the preservation of current service standards for the next five years.
Kruger Packaging makes $250 million investments in its Trois-Rivières Mill
Kruger Packaging L.P., an eco-friendly producer of publication papers, tissue products, containerboard and packaging, has invested $250 million to convert the No. 10 newsprint machine (PM10) at its Trois-Rivières Mill to manufacture 100% recycled lightweight linerboard.
According to Kruger, the new project will generate 270 jobs at the mill.
The project has the support of the Government of Quebec, receiving from it, $190 million including an $84 million loan to finance the cost of the conversion and $106 million participation, through Investissement Québec, in a new company that combines all Kruger’s containerboard and packaging activities. The Government of Quebec will own 25% of the new company, which has assets in excess of $600 million, and more than 800 jobs, including 620 in Quebe