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Softwood Lumber Futures At a $45 Premium to Cash Prices: Jan 2019
Wholesaler prices of benchmark dimension softwood lumber commodity Western Spruce-Pine-Fir KD 2×4 #2&Btr continued improvements over the previous week, after bottoming-out to astonishing lows in 2018, to close last week at US$346 mfbm, a $8 or +2.3% pop from the week before. Trading for the May contract on the Chicago Mercantile Exchange was at the…
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Canada’s Two Major Railways Well-Poised for Further Increased Traffic 2019
Last week, the Canadian Transportation Agency flexed its newly enhanced authority under the 2018 Transportation Modernization Act and launched an investigation into whether rail companies are fulfilling their obligations following industry complaints, with hearings set for next week.In an email to Globe and Mail, Canadian National Railway acknowledged the recent congestion on the West Coast.…
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Vancouver Port, St. Lawrence Seaway Plan Expansions After Volumes Increase
The DP World facility, situated near Vancouver in British Columbia, Canada, is one of three container terminals at the Port of Vancouver, accounting for 20% of its total freight movement, according to Port Technology Monday.In order to increase its annual container handling capacity from 900,000 TEU to 1.5 million, a project has been launched to…
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Canadian Railways Ration Space as Congestion Problems Worsen
Canada’s two major railways are rationing space on trains travelling to the country’s biggest port and recently prioritized some commodities over others to deal with congestion, the latest indication of their struggle to meet demand from new trade deals, said the Financial Post via Reuters Monday.That move prompted Canada’s transport regulator last week to start…
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North America Lumber Sales Steady in Jan 2019, Prices Firm Somewhat
Canadian and US construction framing dimension softwood lumber prices generally stayed firm last week, while panel prices corrected upward by a noticeable margin. In dimension lumber, benchmark commodity Western Spruce-Pine-Fir KD 2×4 #2&Btr reversed huge drops into the end of 2018 to close last week at US$338 mfbm, a $10 or 3% pop from the…
