CN and the International Brotherhood of Electrical Workers of Canada have reached a tentative agreement on a contract, averting a strike slated to begin Tuesday, FreightWaves reported.
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FHFA House Price Index Rises 4.2% Year-Over-Year in November
FHFA reported that according to its seasonally adjusted House Price Index, US home prices rose 0.3% in November. Year-over-year, prices rose 4.2%.
Russia’s VLP Group to Invest $20 Million in Its Sawmill in Novgorod Oblast
Russia’s VLP Group will invest more than 2 billion rubles (US$20.4 million) to modernize its sawmill in Malaya Vishera, Novgorod Oblast. The facility was acquired from the Hasslacher Group in 2023.
US Consumer Confidence Index Declines for Second Consecutive Month in January
The Consumer Confidence Index declined 5.4 points to a reading of 104.1 in January. December’s reading was revised up by 4.8 points to a reading of 109.5.
S&P CoreLogic Case-Shiller Index Reports 3.8% Annual Gain in US Home Prices in November
The S&P CoreLogic Case-Shiller US National Home Price NSA Index posted an annual gain of 3.8% in November, up from a gain of 3.6% in October.
Microsoft Building Two Hybrid Mass Timber Data Centers in Virginia
Architecture studio Gensler and structural engineer Thornton Tomasetti have designed a pair of hybrid CLT data centers that are currently under construction in Virginia for Microsoft, according to a feature by dezeen.
US New Residential Single-Family Home Sales Increase 3.6% in December
New residential single-family home sales for December were at a seasonally adjusted annual rate of 698,000.
CN Prepares for Rail Strike After Electrical Workers Issue 72-Hour Notice
CN is bracing for a work stoppage starting on Tuesday, January 28, after 750 members of the IBEW in Canada issued a 72-hour strike notice, FreightWaves reported.
Skogsfond Baltikums Sells All 9,000 Hectares of Its Baltic Forests in 2024
Skogsfond Baltikum sold its three forest-owning subsidiaries in Latvia and Lithuania in December. The company said the forests and lands sold totaled about 9,000 hectares (22,000 acres).
Canadian Real Estate Association Forecasts Rebound in Existing-Home Sales in 2025
CREA recently released its updated existing-home sales forecast for 2025, but it was little changed from the fall 2024 outlook.