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US Housing Starts, Home Sales, Inventories
Read more: US Housing Starts, Home Sales, InventoriesUS housing starts fell for a third straight month in February, but a rebound in building permits offered some hope for the housing market as it struggles to emerge from a soft patch. The Commerce Department said on Tuesday groundbreaking slipped 0.2 per cent to a seasonally adjusted annual rate of 907,000 units. That followed…
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Mass Timber Building
Read more: Mass Timber BuildingUnited States Secretary of Agriculture Tom Vilsack Tuesday announced a US$1 million program to be implemented by the US Department of Agriculture (USDA) Forest Service in partnership with the Wood Products Council’s WoodWorks initiative, according to a USDA press release this week. The initiative will provide training for architects, engineers and builders related to the…
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ATA Trucking Index
Read more: ATA Trucking IndexThe American Trucking Associations’ advanced seasonally adjusted For-Hire Truck Tonnage Index increased 2.8 per cent in February, after plunging 4.5 per cent the previous month. January’s drop was slightly more than the 4.3 per cent reported on February 19. In February, the index equaled 127.6 (2000=100) versus 124.1 in January. The all-time high was in…
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FSC Adds
Read more: FSC AddsThe Forest Stewardship Council has added the concept of free, prior, and informed consent to its forest management standards around the world. “FSC has embraced the UN Declaration (on Rights of Indigenous Peoples) and that concept of free, prior and informed consent,” said Peggy Smith, Lakehead University associate professor and member of Forest Stewardship Council…
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Universal Purchases
Read more: Universal PurchasesUniversal Forest Products, out of Grand Rapids, MI, Monday announced that one of its subsidiaries has purchased certain assets of Container Systems Inc (CSI), a manufacturer of crates and containers for industrial applications and the moving-and-storage industry, located in Franklinton, NC. The transaction closed on March 14, 2014. CSI produces a full line of moving…
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New Forestry Plan, New Brunswick: Irving Invests
Read more: New Forestry Plan, New Brunswick: Irving InvestsIn obviously related news, JD Irving announced Friday two more major investments in its forestry operations, pledging to pump a total of $38 million into sawmill operations in Chipman, NB, and a centre in Doaktown. The announcements followed Thursday’s commitment by the New Brunswick government to increase the allocation of softwood the forest industry will…
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Canada Housing Starts
Read more: Canada Housing StartsCanadian housing starts rose more than expected in February, data released on Monday showed. The seasonally adjusted annualized rate of housing starts rose to 192,094 units last month from a upwardly revised 180,481 in January, the Canada Mortgage and Housing Corp said. Housing Starts, Canada The quantity of new homes on which construction began exceeded…
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Port Metro Vancouver “Action Plan”
Read more: Port Metro Vancouver “Action Plan”The federal and BC governments and Port Metro Vancouver announced late a 14-point plan to resolve an ongoing strike by container-truck drivers they say has severely impacted the national economy. The port is now expected to consult with the industry and plans to implement the reforms by June 15. Among the 14 points is a…
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Ainsworth, LP Adjust Timing
Read more: Ainsworth, LP Adjust TimingAinsworth Lumber, based in Vancouver, BC, and Louisiana-Pacific, out of Nashville, TN, announced Tuesdsay that as a result of continued discussions, they have amended the previously announced timing agreements with each of the Canadian Competition Bureau and the Antitrust Division of the U.S. Department of Justice . The companies will provide14 days written notice before…
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Stella Jones Reports
Read more: Stella Jones ReportsMontreal, 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
Read more: West Fraser AcquiresWest 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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Canada-Korea Trade Deal
Read more: Canada-Korea Trade DealCanada Lumber Exports The Canada-Korea Free Trade Agreement concluded in Seoul on Tuesday by Prime Minister Stephen Harper and South Korean President Park Geun-hye, has both countries pledging to eliminate duties on 98 per cent of all goods. More than nine years and 14 bargaining rounds in the making, the deal offers what Harper called…
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Lumber News Archives: June 2012
Read more: Lumber News Archives: June 2012Rail Transportation Statistics ; Madison’s Timber Preview ; AFPA First Quarter ; Japan Housing Starts ; 14-Storey Wood Framed Building ; Canadian Industrial Capacity Utilization Rates ; 2006 SLA Arbitration Final Filings Engineered Wood ; BC Timber Supply Committee Update ; Canada Housing Starts ; Flooding ; Insurance Bureau of Canada’s Weather Research ; Merritt,…
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Lumber News Archives: May 2012
Read more: Lumber News Archives: May 2012Forestry, Paper, and Packaging ; Madison’s Timber Preview; US Housing Starts ; Wildfires; WorkSafeBC Announcement ; Softwood Lumber Export Tax Reduction Forestry Week ; Canadian Lumber Production, Shipments; Canada Housing Starts, Building Permits ; Housing Starts, Japan; Sawmill Safety Order, Insurance Rates; Sawmill Fires ; Madison’s Timber Preview ; Financial Results ; BC Contractor Fatality…
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Lumber News Archives: Apr 2012
Read more: Lumber News Archives: Apr 2012Government Managed Timberlands ; Storms, Wildfires ; Housing Starts, Canada ; Japan Housing Starts ; Sawmill Fire US Mortgage Regulations ; Madison’s Timber Preview; Canadian Building Permits ; US Employment Figures ; Texas Tornadoes ; Centurion Announces North America 2012 Transportation Statistics; Madison’s Investment Rx ; Burns Lake Timber Supply ; Recent Dry Weather Sparks…
