Late Wednesday, East and Gulf Coast port operators reached a tentative agreement with a dockworkers’ union, CBS News reported.
Wood Markets News
Biden Administration Withdraws Old-Growth Forest Protection Plan
The Biden administration is withdrawing its plan to protect old-growth forests after receiving increasing pushback from Republicans and the US timber industry, the AP reported.
British Columbia Planted Over 280 Million Trees in 2024
More than 280 million trees were planted in British Columbia forests in 2024, the BC Ministry of Forests announced.
US Wood Pellet Exports Rebound in November
The US exported 873,783.9 metric tons of wood pellets in November, up from 839,226.4 metric tons in October, Biomass Magazine and the USDA reported.
Mortgage Applications Decrease in the Week Ending January 3
Mortgage loan application volume declined 3.7% on a seasonally adjusted basis from one week earlier, MBA reported.
US Weekly Initial Jobless Claims Decline in the Week Ending January 4
The advance figure for seasonally adjusted initial unemployment claims was 201,000, a decrease of 10,000 from the previous week’s unrevised level.
ADP Reports Private Sector Employment and Compensation Both Increased in December
Private sector US employment increased by 122,000 jobs in December, according to ADP. Year-over-year, annual compensation was up 4.6%.
BC Experiences Fourth Worst Wildfire Season on Record in 2024
A little over one million hectares (2.47 million acres) burned across BC during the 2024 wildfire season, the BC Wildfire Service and CKPG Today reported.
US Residential Construction Employment Data for November
The number of open construction sector jobs increased from a revised 259,000 in October to 276,000 in November, the BLS and NAHB reported.
Koskisen Launches Investment Program for Plywood Production in Järvelä, Finland
Koskisen announced the launch of a comprehensive EUR 12 million investment program to boost plywood production at its panel mill in Järvelä.