In an effort to demonstrate that it’s much more than a paper company, Midland Paper Packaging + Supplies has officially shortened its name to MIDLAND as part of a comprehensive rebranding initiative. The fresh approach, from the new logo and tagline to the updated brand messaging, reflects a modern distribution company with an eye toward the future. For more than a century, Midland has been a leader in paper distribution. But over the past two decades, it has evolved into much more than that. Today Midland is a dynamic company with a broad range of offerings. In addition to a full complement of paper offerings, MIDLAND offers solutions in sustainable packaging, automation equipment, and direct-to-consumer marketing and consulting. Given MIDLAND’s recent rapid sales growth and market diversification, the company underwent an exercise in brand clarity, starting with the name change. “By shortening our name to simply MIDLAND, we avoid being pigeon-holed into a single category, and are able to broaden our appeal beyond just paper. This is a logical evolution for our brand and will help unify our messaging” said Executive Vice President Jim O’Toole. With a renewed emphasis on performance and exceeding expectations, Midland’s mission is to deliver on commitments in its three core segments: • Packaging materials and custom design solutions • Paper and Specialty Media solutions for a variety of applications • Direct-to-consumer Marketing strategy and consulting. “At MIDLAND, performance matters. Delivering on our commitments is more than just our mission statement. It’s what defines us. It’s in our DNA” added O’Toole. “Our strength is our wide-ranging network of knowledge. We have a team of industry veterans for every service offered and our experience is unmatched. When people engage MIDLAND, they don’t just get one person – they get access to an entire network of experts.” said Mike Graves, MIDLAND’s President and Chief Executive Officer.

Net sales for the quarter increased 14.7 percent, to $43.89 billion, from $38.26 billion last year. Net sales for the first 24 weeks increased 15.8 percent, to $86.23 billion, from $74.49 billion last year. Net income for the quarter was $951 million, or $2.14 per diluted share, which includes $246 million pretax, or $0.41 per diluted share, in costs incurred primarily from COVID-19 premium wages. Last year’s second quarter net income was $931 million, or $2.10 per diluted share. Net income for the first 24 weeks was $2.12 billion, or $4.76 per diluted share, compared to $1.77 billion, or $4.00 per diluted share, last year. For the four-week reporting month of February, ended February 28, 2021, the Company reported net sales of $14.05 billion, an increase of 15.2 percent from $12.20 billion last year. For the twenty-six week period ended February 28, 2021, net sales were $93.16 billion, an increase of 15.4 percent from $80.76 billion last year.

The Postal Regulatory Commission is pleased to announce that President Joseph R. Biden, Jr. has designated Commissioner Michael M. Kubayanda chairman of the Commission, succeeding Robert G. Taub. “I am grateful for the opportunity to serve as chairman and look forward to serving all Americans, working with my colleagues in the Commission and throughout the Federal government, and connecting with a wide spectrum of stakeholders,” said Chairman Kubayanda. “I would especially like to thank Chairman Taub for his exceptional leadership of the Commission for more than six years. I plan to continue his approach of bipartisanship and collegiality.” Regarding the appointment, former Chairman Taub said, “A hearty congratulations to Chairman Kubayanda upon his designation. Chairman Kubayanda brings a wealth of experience and an enormous skill set to the role of chair. I know he will lead this agency quite well, and he has a great team to support him. It has been a true honor and privilege to serve as the head of the Commission for more than six years. I am proud of the Commission’s accomplishments during this time, which could not have been achieved without our fantastic agency staff. I know the Commission will continue that excellent work under Chairman Kubayanda’s leadership.”