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Stella Jones Reports
Montreal, QC’s, Stella-Jones earned $19.7 million, or 29 cents per diluted share, for the three-month period ending December 31, the company announced Friday. This compared to $16.5 million, or 25 cents per share, in the same period a year ago. Sales increased to $211.9 million, from $159.3 million a year earlier. The sales included $49.3…
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West Fraser Acquires
West Fraser Timber, out of Vancouver, BC, has acquired Travis Lumber Co’s sawmill and lumber manufacturing operations based in Mansfield, AR, the company announced Monday. In 2013, Travis Lumber’s sawmill produced more than 100 million board feet of lumber. West Fraser said it plans to invest additional capital in the mill and grow capacity to…
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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…
