Wood Markets News

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With the Canadian National Railway (CN) bid’s withdrawn, the Canadian Pacific Railway (CP) and the Kansas City Southern Lines (KCS) have jointly announced today (9-15-21) that they have entered into a merger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.

B.C. Ministry of Forests Releases Strategic Review Entitled “A New Future for Old Forests”

British Columbia’s Ministry of Forests on Saturday (9-11-21) released the government mandated old growth strategic review, entitled “A New Future for Old Forests.” It was written by two retired foresters, Garry Merkel and Al Gorley, who spent months touring the province talking to stakeholders about how the trees, some more than 1,000 years old, should be logged and protected.