Many printing industry leaders — both past and present — attended the Rochester Institute of Technology (RIT) to earn a bachelor’s degree in printing. Dating back to 1922 and long considered the premier program for the graphic arts industry, it drew trade and high school graduates who often hailed from family-owned printing businesses. In 1981, RIT’s printing program peaked with 775 students, learning business management and hands-on (primarily sheetfed and web offset) production operations skills. So, it’s no surprise that some of the roughly 4,000 active alumni are disheartened to learn that RIT’s print and graphic media technology curriculum, which has experienced several years of declining enrollment, is being integrated into the university’s packaging science program.

UPS has begun sending letters to about 105,000 package van drivers offering them voluntary severance packages worth $150,000, to resign, the company confirmed on Wednesday. A federal judge last week cleared the freight transportation giant to move ahead with buyout offers over objections from the Teamsters union. UPS (NYSE: UPS) has decided to reduce headcount by 30,000 this year as part of a network consolidation plan aimed at reducing costs and improving efficiency amid declining parcel volumes. During court arguments, Teamsters lawyers said the union expects up to 10,000 drivers to accept the company’s offer.

National Average Price for Regular Unleaded Current: $4.761; Month Ago: $4.204; Year Ago: $3.042. National Average Price for Diesel Current: $5.581; Month Ago: $5.370; Year Ago: $3.186.