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US and Canada Railway Carloadings: March & Jan 2019
US rail traffic continued its slump in March, falling -5.2% to 2,022,934 carloads and intermodal units compared with volumes in March 2018, according to Association of American Railroads (AAR) data released April 5. In it’s latest release, issued Wednesday, AAR reported US rail traffic for the week ending April 6, 2019, at 510,192 carloads and…
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WTO Panel Finds US Softwood Anti-Dumping Duties in Violation
The World Trade Organization Tuesday said the US violated international trade rules in the way it calculated tariffs on Canadian imports of softwood lumber in a key dispute ruling published on the WTO website. The decision also provided a boost to the US’s use of a controversial methodology used when calculating anti-dumping duties on Canadian…
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Softwood Lumber Prices Continue Soft During the Usual Busy Buying Season
Softwood lumber industry players continued wondering last week where the market was, as many prices softened further and the usual spring buying spree has yet not materialized. Sales volumes were OK, according to both sawmills and secondary suppliers, but — once again — no one was stocking inventory. This makes lumber producers wary; if some…
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US House Prices: February 2019
Home price gains in the US are about to take off again, said Corelogic Tuesday. The real estate data and analytics company predicts that annual gains in home prices could hit close to +5% by 2020, thanks to falling interest rates. CoreLogic® Tuesday released the CoreLogic Home Price Index (HPI™) and HPI Forecast™ for February…
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Softwood Lumber Prices Settle Further, US February Construction Spending Up
Continued soft demand and unenthusiastic customers had North America construction framing softwood lumber prices lower last week, as operators can only wait and see if the usual spring lumber selling will materialize. Monday’s data release of improved US construction spending for February and recent data of strong US home sales and house prices has most…
