If you watched 60 Minutes Sunday, you saw thieves use frighteningly advanced cyber tactics to steal two truckloads carrying $1 million worth of Guy Fieri and Sammy Hagar’s tequila without ever pulling a gun. More than 24,000 bottles of the celebrity duo’s Santo Spirits tequila—nearly four years in the making—never reached their Pennsylvania destination. After leaving Laredo, Texas, two legitimate drivers were duped by thieves posing as company officials into rerouting the load to a fake Los Angeles warehouse. After their convincing impersonation, the criminals also spoofed the trucks’ GPS, ensuring the seven-figure shipment disappeared without a trace. While it made for gripping television, it highlights a much larger, more alarming issue. Cargo theft has metastasized into an organized, global enterprise that now costs the U.S. trucking industry $7 billion per year. That’s $19 million every single day.

The American Forest & Paper Association (AF&PA) released its Q1 2024 Containerboard Quarterly report. According to the report, total containerboard production in Q1 increased 7% compared to Q1 2023. U.S. operating rates for all major grades of conatainerboard in Q1 2024, except Semichemical Medium, increased compared to Q4 2023 while total production was down 0.7% (Q1 had 1 less day than Q4). Unbleached Kraft Liner production for export surged more than 41% over its year-ago levels. The Q1 2024 export total was higher than any quarter in 2023. Despite the significant increase in exports, domestic new supply was up 3.7% from Q1 2023 due to the increase in domestic production, as well as a 12.6% increase in imports of containerboard. New supply declined slightly from Q4. Mill inventories ended the quarter at 429,400 short tons, lower than at the end of 2023, but higher than any other month last year.

Through this combination, Amcor enhances its position as a global leader in consumer and healthcare packaging solutions with the unique material science and innovation capabilities required to revolutionize product development and meet customers’ and consumers’ sustainability aspirations. With multiple new growth opportunities and $650 million of identified synergies, Amcor is well placed to deliver significant near- and long-term value for customers and shareholders. Amcor CEO Peter Konieczny commented, “This combination delivers on our strategy to become a stronger company with a broader, more complete offering for customers and enhanced positions in attractive categories. Our focus now turns to delivering on synergies and growth opportunities, including leveraging our extensive global footprint and enhanced innovation and R&D capabilities, while also further refining our portfolio. The outstanding work our teams have completed over the past several months enables Amcor to enter fiscal 2026 in a better position than we anticipated, with a synergy run rate that will start strong and build quickly through the year. We are now uniquely positioned to deliver more consistent growth, further improve margins and drive compelling near- and long-term value for shareholders.”