BNSF and NS announced that they have reached tentative five-year collective bargaining agreements with several unions, Progressive Railroading reported.
Wood Markets News
BLS Indicates US Construction Labor Market Not as Strong as Originally Estimated
For the 12-month period through March, construction employment was revised down by 45,000, 0.6% less than the initially reported, the BLS and NAHB reported.
Australian Companies Pursuing Hardwood Timber Manufacturing Hub to Utilize Engineered Soft and Hardwood Products
Three Australian forestry companies to develop a hardwood timber manufacturing hub that could utilize engineered soft and hardwood products, @AuManufacturing reported.
US National Interagency Fire Center Wildfire Update as of August 26th
As of Monday, 54 large active wildfires are being managed with full suppression strategies nationwide. Current wildfires have burned 2,061,572 acres.
Canada Industrial Relations Board Orders Striking Railroad Employees Back to Work and Imposes Binding Arbitration
The Canadian Industrial Relations Board ordered thousands of rail employees back to work on Monday, The Canadian Press reported.
US New Residential Single-Family Home Sales Soar in July
New residential single-family home sales for July were at a SAAR of 739,000, 10.6% above the revised June rate of 668,000.
Georgia Lawmakers Aim to Boost State’s Struggling Forest Products Industry
Georgia lawmakers are looking for ways to boost the state’s struggling forest industry, Capitol Beat News Service reported.
Canadian Home Builders Association Q2 Housing Market Index Points to Lower Housing Starts and Sales Outlook
The HMI showed further deterioration in builders’ sentiment across key regions after a disappointing Q1 HMI report.
UPM Announces Curtailments at Its Kaukas and Kymi Pulp Mills in Finland
UPM is temporarily adjusting production at its UPM Kaukas and UPM Kymi pulp mills in Finland to meet current market conditions.
“Missing Middle” Multi-Family Construction Unchanged in Q2
The “missing middle” sector includes development of medium-density housing, such as townhouses, duplexes, and other small multifamily properties.