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Sawmill Fire
Read more: Sawmill FireFire broke out at Godfrey Lumber Yard in Statesville, NC, Thursday night. Local firefighters reported a large fire upon arriving at the scene, and say that several county fire departments were called in to assist with the blaze. The Sheriff’s Office says the fire reignited early Friday morning. It was an approximately 100-by-150-foot building which…
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British Columbia New Fire Fighting Planes
Read more: British Columbia New Fire Fighting PlanesBC has a new weapon in its battle against the hundreds of wildfires that destroy large swaths of the province’s forests every summer. It’s a fleet of skimmer airtankers, an amphibious aircraft that can skim water and continue fighting a fire without having to return to base. Said superintendent of the provincial airtanker program Michael…
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Trade Data : Canada and US
Read more: Trade Data : Canada and USThe US trade deficit shrank 5.6 per cent to a seasonally adjusted US$44.39 billion in May from April, the Commerce Department said Thursday. Exports increased 1 per cent to US$195.46 billion, the highest level on record. Imports fell 0.3 per cent to US$239.85 billion. In Canada the May trade defecit slimmed to $152 million, from…
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British Columbia Logs Seized
Read more: British Columbia Logs SeizedYaoRun Wood, a Chinese log export company that has been dealing millions of dollars of wood out of Terrace, BC, has had its log piles seized for a third time in under a year due to suspicion it is altering log marks, according to Terrace Standard Tuesday. Previous seizures took place because YaoRun had fallen…
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Canada Forestry Funding Announcement
Read more: Canada Forestry Funding AnnouncementCanada’s Minister of Natural Resources, Greg Rickford, Friday announced that a Call for Proposals is now open for companies to submit applications to benefit from the renewed Investments in Forest Industry Transformation (IFIT) program. The Harper Government announced funding of $90.4 million with funding to be allocated to projects that support jobs and implement highly…
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US New and Existing Home Sales: May
Read more: US New and Existing Home Sales: MayNew single-family home sales in the US reached the highest pace in six years in May. According to estimates from the Census Bureau and the Department of Housing and Urban Development released Tuesday, new home sales were at a seasonally adjusted annual rate of 504,000 in May, a gain of 18.6 per cent over a…
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Oregon Timber and Land Management Update
Read more: Oregon Timber and Land Management UpdateEarlier this year, authorities followed a pickup truck to a warehouse in Philomath, OR, and seized more than 13,000 pounds of salal, a leafy Northwest plant prized for its shelf life in floral arrangements. It is shipped to the East Coast and even to Europe, and the black-market operation was an example of the wealth…
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Canadian Industrial Product and Raw Materials Prices: May
Read more: Canadian Industrial Product and Raw Materials Prices: MayThe Industrial Product Price Index (IPPI) was down 0.5 per cent in May, mainly due to lower prices for energy and petroleum products, said Statistics Canada Friday. The Raw Materials Price Index (RMPI) declined 0.4 per cent, after edging up 0.1 per cent in April, mostly as a result of lower prices for animals and…
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Canada Sawmill Production: April
Read more: Canada Sawmill Production: AprilLumber production by Canadian sawmills increased 1.4 per cent in April from March, to 5,255.9 thousand cubic metres, according to Statistics Canada Friday. Compared with April 2013, lumber production declined by 2.9 per cent. Sawmills shipped 4,970.2 thousand cubic metres of lumber in April, up 13.4 per cent from March.
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Wood Pellet Production and Demand Globally
Read more: Wood Pellet Production and Demand GloballyRecent reports from the US Energy Information Administration and the World Bioenergy Association show bioenergy production and wood pellet demand in Europe are rising sharply. As well, this week the USDA bioenergy program announced US$14.5 million in funding available through the 2014 Farm Bill. Also, an international bioenergy conference in Prince George, BC, last week…
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US Housing Starts
Read more: US Housing StartsHousing starts in the US fell 6.5 per cent in May to a seasonally adjusted annual pace of 1.001 million, the Commerce Department said Tuesday. That marked the first decline in four months. The decline was broad-based across regions and type of construction. Single-family housing starts fell 5.9 per cent, while multifamily fell 7.6 per…
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China Purchasing Managers Index
Read more: China Purchasing Managers IndexIn May 2014, China’s purchasing managers index (PMI) for the manufacturing was released by the National Bureau of Statistics. The May PMI for the sector stood at 50.8, 0.4 points higher than in April. The May figure consolidated the growth trend for three consecutive months. In terms of size of enterprises, the PMI for large-sized…
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Focus on lumber: Norbord (T.NBD) named as a top 25 dividend stock
Read more: Focus on lumber: Norbord (T.NBD) named as a top 25 dividend stockJune 20, 2014 MADISON’S WEEKLY LUMBER MARKET UPDATE AND OVERVIEW Provided by: Madison’s Lumber Reporter www.madisonsreport.com Near-panic among North America’s lumber and panel traders was narrowly averted this week as customers came in heavily to buy solid volumes of wood and the previously-tanking futures board reversed direction absolutely, wrote Keta Kosman in Madison’s Lumber Reporter…
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Focus on lumber: Norbord (T.NBD) named as a top 25 dividend stock
Read more: Focus on lumber: Norbord (T.NBD) named as a top 25 dividend stockJune 20, 2014 MADISON’S WEEKLY LUMBER MARKET UPDATE AND OVERVIEW Provided by: Madison’s Lumber Reporter www.madisonsreport.com Near-panic among North America’s lumber and panel traders was narrowly averted this week as customers came in heavily to buy solid volumes of wood and the previously-tanking futures board reversed direction absolutely, wrote Keta Kosman in Madison’s Lumber Reporter…
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Urban Tree Value
Read more: Urban Tree ValueA report out this week by TD Bank valuing the trees in the City of Toronto, in Ontario, at $7 billion adds an interesting perspective to the business of assessing timber stand value. For wood products manufacturers, it has traditionally been the logs — so naturally the trees — most conducive to making dimension lumber…
