Wood Markets News


Hurricane Ida Hits the Louisiana Timber Industry

Unlike with Katrina, during Ida a lot of small, scattered trees as well as big ones went down. “Anything 15 years and up that was on commercial forest land that was planted and thinned before Ida hit, those stands have been pretty much totally devastated.”

Canadian Housing Starts Decline Month-Over-Month in August

Canada Mortgage and Housing Corp (CMHC) reported on Wednesday (9-15-21) that the annual pace of housing starts in Canada in August slowed when compared with July, as the rate of new home construction continued to decline from their highs earlier in the year. According to the CMHC, the seasonally adjusted annual rate of housing starts was 260,239 units in August, down from 270,744 in July.

Canadian Pacific Railway and Kansas City Southern Lines Officially Announce Merger Plans

With the Canadian National Railway (CN) bid’s withdrawn, the Canadian Pacific Railway (CP) and the Kansas City Southern Lines (KCS) have jointly announced today (9-15-21) that they have entered into a merger agreement. Under the terms, the CP has agreed to acquire KCS in a stock and cash transaction representing an enterprise value of approximately USD$31 billion, which includes the assumption of $3.8 billion of outstanding KCS debt.

British Columbia Ends Provincial State of Emergency for Wildfires

The B.C. wildfire season came one step closer to coming to an ending with the province’s announcement on Tuesday evening (9-14-21) that it was lifting the provincial state of emergency. The state of emergency, which was put in place on July 20, 2021, came into effect to co-ordinate the response to one of the worst wildfire seasons on record.