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Major Explosion at Tianjin Port, China
An explosion in eastern China that rocked one of the world’s busiest ports Wednesday poses some logistics problems despite resuming operations. Authorities and companies near the blast site in the eastern Chinese city of Tianjin said to the Wall Street Journal Friday operations there were returning to normal. Still, bottlenecks remained for industries from steel…
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Oregon Lumber Company Safety Citations
Freres Lumber, in Mill City, OR, — just outside Salem — was cited Thursday four times for safety and procedural violations uncovered during inspections launched after a worker died at its plant in September 2014, according to the Statesman Journal Friday. The penalty report from the Oregon Occupational Safety and Health Division detailed that machine…
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US Construction Spending: June 2015
The US National Association of Home Builders’ Census Construction Spending analysis shows that total private residential construction spending for June increased to a seasonally adjusted annual rate of US$378 billion. Construction Spending, US On a month-over-month basis, private multifamily spending increased to US$52 billion, up by 2.82 per cent over the revised May estimate, while…
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Canada Building Permits: June 2015
The total value of Canadian building permits rose 14.8 per cent to $7.7 billion in June, following a 13.9 per cent decrease in May, said Statistics Canada Friday. The increase in June was mainly attributable to higher construction intentions for multi-family dwellings in Quebec, Alberta, and Ontario, as well as institutional buildings in Alberta and…
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Forest Company Quarterly Results
Weyerhaeuser, Plum Creek, and Potlatch have all released 2Q 2015 financial results in the past week Weyerhaeuser, out of Federal Way, WA, posted quarterly net earnings to common shareholders of US$133 million, or $0.26 per share, compared to US$280 million, or $0.47 per share, in the year-ago period. Its sales slipped to $1.81 billion from…
