Beacon to deliver Gazette
The Akron Beacon Journal will begin delivery of the Medina Gazette on Dec. 1.
The two companies announced that the delivery area consists of the cities of Medina, Brunswick and Wadsworth and surrounding areas.
“We are excited about this partnership, and with our history of delivering multiple publications, we are confident that both Akron Beacon Journal and Medina Gazette customers will continue to receive the quality service they expect,” said Jim DeLuca, Beacon Journal vice president for circulation. “This partnership consolidates delivery into one distribution system that will result in efficiencies for both parties and will increase profits for most carriers.”
In addition to its own newspaper, the Beacon Journal is responsible for delivering eight other publications in Summit County and beyond: the Plain Dealer, USA Today, Wall Street Journal, New York Times, Investor’s Business Daily, Financial Times, Barron’s and Sports Weekly.
Myers reports net loss
Myers Industries Inc., the Akron maker of plastic and rubber products and specialty tool distributor that is in the midst of a major restructuring, reported a net loss for the third quarter compared with year-ago results. Sales, meanwhile, were up, due to the company’s acquisition of Scepter Corp.
The company lost $2.7 million, or 9 cents a share, for the quarter ended Sept. 30. That compares with net income of $6.5 million, or 19 cents a share, for the company’s third quarter of 2013.
Sales for the third quarter of this year were $162.1 million, up 14.6 percent from $141.4 million for the third quarter of 2013.
The company is expected to complete its sale of its Lawn and Garden Segment in the first half of 2015.
This summer, Myers completed the $157 million purchase of Canadian container maker Scepter Corp. and Scepter Manufacturing, LLC.
For more details, go to www.myersindustries.com/
New Bridgestone leadership
Bridgestone Americas, the Nashville-headquartered Bridgestone Corp. subsidiary with Akron operations, said Wednesday that T.J. Higgins has been named president, consumer U.S. and Canada, for Bridgestone Americas Tire Operations, effective Monday.
Higgins has more than 20 years of big-brand consumer products marketing and strategic business experience, Bridgestone said. Most recently he was North America regional president for Pfizer Consumer Healthcare. He also has held leadership roles at Merck and Vlasic.
Higgins succeeds Gordon Knapp, who became chief operating officer of Bridgestone Americas in March.
Fiat will spin off Ferrari
Fiat Chrysler Automobiles announced Wednesday it will spin off sports car maker Ferrari into a separate company, a move to unlock the luxury brand’s value and distinguish it from its mass-market parent.
The spinoff aims to raise money to support the newly merged carmaker’s plans to invest 48 billion euros ($61 billion) over five years to compete with global giants Toyota and Volkswagen. Shares in Fiat Chrysler soared on the news.
Ford recall to fix fuel tank
Ford is recalling about 205,000 SUVs in cold-weather states, including Ohio, and parts of Canada to fix gas tanks that can rust, leak and cause a fire.
The recall affects Ford Edge and Lincoln MKX vehicles from the 2007 and 2008 model years.
UPS expects busy days
UPS expects to deliver more than 34 million packages on the busiest day of the holiday season, double the amount on a normal day.
The company expects the peak delivery day to be Monday, Dec. 22. Six days are expected to top last year’s single-day record of 31 million packages.
United Parcel Service Inc. said Wednesday that it will handle 585 million packages worldwide in December, which would equal the 11 percent increase that the company predicted last week.
Compiled from staff and wire reports