Printer News

The U.S. Postal Service ended the third quarter of its 2013 fiscal year with a net loss of $740 million, increasing the year-to-date net loss to $3.9 billion.

FedEx Corp., the world's largest cargo airline, will pay $21.5 million to settle a lawsuit over claims that it overcharged customers by billing for deliveries to businesses and governments at higher residential rates.

The settlement was filed July 26 in federal court in Memphis, Tennessee. A hearing on preliminary court approval was set for Aug. 1.

The settlement covers a class of 200,000 customers, according to the filing.

FedEx was accused in the 2011 complaint of overcharging commercial and government customers as much as $3 each for tens of thousands of packages delivered.

A printing company plans to close its Jefferson City plant, which would lead to the expected loss of about 500 jobs in Missouri's capital city.

The Jefferson City News Tribune reported Thursday that employees of RR Donnelly were informed of the plan during a meeting. The plant covers 700,000 square feet and has been operating on weekends and doing overtime work. KMIZ-TV reports the closing is planned for Oct. 1.

Printing Industries of America filed petitions last week with the United States Patent and Trademark Office (USPTO) in an effort to nullify two digital workflow patents that have been the basis for lawsuits against printing companies. The petitions seek an inter partes review by the USPTO of the patents’ validity.

The U.S. Senate has unanimously confirmed Davita Vance-Cooks as public printer. With more than 30 years of private sector and government experience, Vance-Cooks has served as the acting public printer since Jan. 3, 2012.

If Standard Register’s stock price is any indication of future success, president and chief executive officer Joseph P. Morgan, Jr.’s schedule is about to fill up fast.

A fatal accident at Cheney Pulp and Paper in Franklin last week has spurred a new investigation into the 75-year-old business.

OSHA’s current investigation into Cheney is related to the accidental death of employee Terry Ray, 48, who was killed Tuesday when he was crushed by equipment.

The OSHA investigation may take two to three months according to OSHA’s Cincinnati Area Director Bill Wilkerson, who said, “It’s a long process.” The organization’s Cincinnati office handles a 20 county area and sees around 10 fatal workplace accidents per year, according to Burke’s estimation.

Joel Quadracci, Quad/Graphics chairman, president and CEO, testified before the House Oversight and Government Reform Committee to urge Congress to put the U.S. Postal Service on a path to financial stability and long-term sustainability. He was the only printer and member of private industry invited to testify.

Sales were up slightly for Xerox Corp. in its most recent quarter, but profits dropped and the company, which has been cutting its headcount, plans to trim even more.

For the three months ending June 30, the company took in $5.4 billion, up about 1 percent from the same three months in 2012. The company’s growth in recent years, as well as in that most recent quarter, came from the business services side of the company.

Xerox cut 1,300 positions worldwide during the quarter, at a cost of about $39 million in severance packages. And the company said it anticipates further restructuring.

Printing Industries of America issued the following statement regarding the formation of the Coalition for Fair Effective Tax Rates, intended to focus the 113th Congress on passing necessary tax reform legislation.