Private sector employment increased by 77,000 jobs in February, and annual compensation was up 4.7% year-over-year, ADP reported.
Wood Markets News
US Single-Family Construction Ends 2024 With Growth, While Multifamily Declines
The continued shortage of existing homes for sale has helped to keep new single-family construction growing across all regions, NAHB reported.
China Suspends Imports of US Logs
Chinese customs authorities announced the suspension of US log imports effective immediately, the Global Times reported.
Stimson Lumber Details Plans to Expand Its Forest Grove, OR, Sawmill
The new mill building, if approved, will house a 350-foot-long HewSaw line made by Finland-based company Veisto-Oy, the Gales Creek Journal reported.
President Trump Calls for Expansion of US Timber Production
On Saturday, President Trump issued an executive order calling for the “immediate expansion of American timber production.”
Metsä Group Sells Its Wood Supply Business in Latvia to ACA Timber
Metsä Group will sell its wood supply business in Latvia carried out by Metsä Forest Latvia SIA to Latvian company ACA Timber.
CSX Machinists Union Ratifies 5-Year Agreement
CSX employees represented by The International Association of Machinists & Aerospace Workers have voted to ratify a five-year collective bargaining agreement.
Canadian Sawmill Production Declines 16.6% in December
Lumber production declined 16.6% month-over-month to 3,332.9 cubic meters in December.
US Dept. of Commerce Releases Preliminary Antidumping Determination in Sixth Administrative Review of Canadian Softwood Lumber Products
The preliminary determinations do not have any impact on current duties or cash deposit rates.
President Trump Confirms 25% Tariffs on Canadian and Mexican Imports Start March 4
Trump said on Monday that 25% tariffs on imports from Mexico and Canada would start Tuesday, March 4, the AP reported.