Sponsored message
Audience-funded nonprofit news
radio tower icon laist logo
Next Up:
0:00
0:00
Subscribe
  • Listen Now Playing Listen
NPR News

National Envelope Hopes To Lick Bankruptcy Filing

This story is free to read because readers choose to support LAist. If you find value in independent local reporting, make a donation to power our newsroom today.

Listen 1:26

RENEE MONTAGNE, HOST:

And between post offices shutting down and paperless bills, it's a tough time to be in the envelope business.

Case in point: National Envelope - a company that produces more than 1,500 envelopes a second in facilities from Georgia to Washington, it filed for bankruptcy yesterday. And the press release was emailed.

Here's NPR's Nathan Rott.

NATHAN ROTT, BYLINE: It is a digital age, where posting photos from your smartphone is a faster way to show grandma your summer home than posting a card. But if you ask the paper-based communications industry, the decline of their sales does not lie squarely at the feet of the Mark Zuckerberg's of the world.

MAYNARD BENJAMIN: This is a problem that lies squarely at the foot of Congress.

ROTT: Maynard Benjamin is the president and CEO of the Envelope Manufacturers Association - a group that represents 80 percent of the envelope and packaging companies in the U.S.

Sponsored message

BENJAMIN: Congress has not acted, the Postal Service continues to get a little bit financial weaker every month, and this has a downstream impact on industry.

ROTT: Fewer Post Offices, fewer hours, fewer letters mailed. But all is not lost, Benjamin says.

BENJAMIN: We have about 3.5 million envelopes that are just used in greeting cards that are passed, hand to hand, in this country. I don't know about you, but I would not send my spouse an E-card as an anniversary greeting. That wouldn't work out real well.

ROTT: Point taken.

Nathan Rott, NPR News. Transcript provided by NPR, Copyright NPR.

You come to LAist because you want independent reporting and trustworthy local information. Our newsroom doesn’t answer to shareholders looking to turn a profit. Instead, we answer to you and our connected community. We are free to tell the full truth, to hold power to account without fear or favor, and to follow facts wherever they lead. Our only loyalty is to our audiences and our mission: to inform, engage, and strengthen our community.

Right now, LAist has lost $1.7M in annual funding due to Congress clawing back money already approved. The support we receive from readers like you will determine how fully our newsroom can continue informing, serving, and strengthening Southern California.

If this story helped you today, please become a monthly member today to help sustain this mission. It just takes 1 minute to donate below.

Your tax-deductible donation keeps LAist independent and accessible to everyone.
Senior Vice President News, Editor in Chief

Make your tax-deductible donation today

A row of graphics payment types: Visa, MasterCard, Apple Pay and PayPal, and  below a lock with Secure Payment text to the right