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Oregon Log vs Lumber Exports
The Port of Newport on the Oregon coast has finished a major, award-winning renovation of the site, and is negotiating with several timber companies that want to use the terminal to export logs to Asia just as Hampton Affiliates have been investing in the expertise to cultivate a customer base in China and produce lumber…
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Federal Railway Order
The federal government says it will introduce an order-in-council forcing railways to move a minimum amount of grain each week, according to CBC Friday morning. Transport Minister Lisa Raitt says that minimum will be set at 500,000 tonnes, which works out to 5,500 grain cars each for Canadian National and Canadian Pacific. She says there…
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US New Home Sales
New home sales in January, as estimated by the US Census Bureau and HUD Thursday, were up 9.6 per cent over the December pace, coming in at 468,000 seasonally adjusted annualized rate. This pace is 2.2 per cent higher than the January 2013 measure. The month-supply measure of inventory fell to 4.7, with the count…
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Resolute FP Quebec Timber Deal
Resolute Forest Products February 28 confirmed the signature of a framework agreement with the Quebec government and explained the measures found in the agreement. The agreement includes measures for renewal of water power leases for certain generating stations in Quebec’s Saguenay-Lac-Saint-Jean region as well as consolidation of some of the company’s Quebec facilities. The framework…
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Washington State Invests in Mill
The governor of Washington State announced Friday a US$5 million funding package made up of tax credits and a state loan that will allow Josephine County’s last sawmill to reopen, according to SeattlePi Friday. Speaking at a news conference at a wood products mill in White City, Gov. John Kitzhaber said the funding helps spread…
