Tag: UShousing

For the other large volume-traded softwood lumber commodity, this week’s Southern Yellow Pine East Side 2×4 #2&Btr KD prices are down $126 (-24.85%) relative to the 1-year rolling average price of US$507 and down $99 (-20.63%) relative to the 2-year rolling average price of US$480 mfbm Canadian and US construction framing dimension softwood lumber wholesaler…

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…

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.…

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…

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…