Canadian rail traffic reached 29.4 million tons in February, up 9.8% year-over-year, with gains across commodities, containers, and US cross-border freight.
Wood Markets News
Niagara Sawmilling Launches NZ$115 Million Expansion in New Zealand
Niagara Sawmilling has launched a NZ$115 million expansion, including a new sawmill, expected to more than double output and boost local timber processing.
Stiga RM Commissions New Birch Plywood Mill in Latvia
Stiga RM commissioned a new birch plywood processing mill in Kuldīga, Latvia, investing 3.09 million euros to expand higher value-added production.
US National Interagency Fire Center Wildfire Update for April 24
As of April 24, 21 large fires are active across the US, with 1,815,628 acres burned year-to-date, well above last year and the 10-year average.
US Existing-Home Listings Rise as Spring Market Activity Picks Up
New listings of US existing homes rose 3.0% year-over-year in mid-April, while pending sales fell 1.2%, Redfin reported.
Canadian Industrial Product and Raw Materials Price Indices for March
The Industrial Product Price Index rose 2.4% in March, while the Raw Materials Price Index rose 12.0%.
Weyerhaeuser Deploys AI to Boost Efficiency
Weyerhaeuser is deploying AI across operations to improve efficiency and forest management, with executives targeting about $1 billion in added annual profit.
University of Michigan Releases Final Results of Its Consumer Sentiment Index for April
The Index of Consumer Sentiment fell to 49.8 in April, down 6.6% from March and down 4.6% from a year ago.
Fonds De Solidarité FTQ Breaks Ground on Mass Timber Rental Building in Québec
Fonds de solidarité FTQ broke ground on a 12-story mass timber rental project in Terrebonne, QC, with 164 units expected by spring 2028.
Number of Canadians Receiving Employment Insurance Declines in February
The number of Canadians receiving EI benefits fell 1.6% to 542,000 in February, the second consecutive decline.