Woodland Pulp and St. Croix Chipping will idle operations for 26 days, starting November 20, amid weak global pulp prices, Mainebiz reported.
Wood Markets News
University of Michigan Releases Preliminary Results of Its Consumer Sentiment Index for November
The Consumer Sentiment Index fell 6.2% to 50.3 in November, with declines across major components and higher short-term inflation expectations.
NFIB Small Business Optimism Index Falls in October
The NFIB Small Business Optimism Index fell 0.6 points to 98.2 in October as small firms reported weaker sales and profits but continued hiring challenges.
UK’s Willmott Dixon Completes Industry-First Fire-Safety Tests for CLT Construction
Willmott Dixon completed certified fire-safety testing for CLT cavity barriers, a UK industry first that could streamline timber-build design and compliance.
Norfolk Southern Reaches Five-Year Agreement With Signalmen
Norfolk Southern reached a five-year collective bargaining agreement with the Brotherhood of Railroad Signalmen, covering 970 workers and raising pay 18.8%.
Campbell Global Acquires 28,200 Acres of Oregon Timberland
Campbell Global has acquired the 28,200-acre Emerald Ridge timberland property in Oregon’s north coastal and Willamette Valley regions.
Fire Damages Irving Forest Products Sawmill in Dixfield, ME
A fire caused “extensive” damage at Irving Forest Products’ Dixfield, Maine, sawmill on Saturday, News Center Maine reported.
Federal Appeals Court Weighs Reviving Oregon Timber Antitrust Case
The Ninth Circuit is weighing whether to revive an antitrust lawsuit alleging Iron Triangle and Malheur Lumber Co. suppressed competition in Eastern Oregon.
Pending US Home Sales Show Weakest Year-Over-Year Gain in Four Months
Pending US home sales rose just 0.7% in early November, the smallest increase in four months, as buyers stayed cautious despite easing mortgage rates, Redfin reported.
FABRIC and WRNS Studio Begin Design Work on California Mass Timber Plant
FABRIC Mass Timber and WRNS Studio have started design work on California’s first regenerative mass timber plant in Redding.