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Madison’s Lumber Reporter KEY PRICES Week of 09/11/15
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New Inland Container Port: British Columbia
A new container transload facility in the BC interior, which received its first containers from Hapag-Lloyd this week, has been in the making for more than a decade. Funded primarily by the Landucci family, with a $3.57-million grant from the federal government, the terminal is expected to offer an inland port for some of the…
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North America Transportation Development
Consider that more than 100 shipping vessels will probably be scrapped this year – a record – as owners will demolish the equivalent of about 6 per cent of all capesize vessels in 2015. This on May 15 from GMS Inc, a Cumberland, MD-based company that purchases obsolete carriers. Even so, earnings per vessel will…
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US Housing Market, Home Building
New data out this week from the US Commerce Department, Standard & Poors, RealtyTrac, the National Association of Realtors, and Zillow all show a steady and improving situation for US home selling, house prices, rental rates, and foreclosures. Similarly, the recent release by the Federal Housing Finance Agency (FHFA) shows that its measure of house…
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Wildfires, Water Restrictions: Western North America
This week the most tragic occurrence of three wildfire firefighter deaths in Washington State brings into focus the importance and severity of this extended very dry season in northwestern North America. In addition, natural resource extraction operators in northern British Columbia and Alberta have been forced to cease operating due to water supply restrictions. Severe…
