Lumber Blue Book Surpasses $32 Billion of Industry Credit Data Collected In 2021
Lumber Blue Book, the industry’s leading credit and business information service, collected over $32 billion of industry-specific Accounts Receivable aging data in 2021. That surpasses the amount collected in 2020 by over 40%, reflecting record high lumber prices that persisted throughout much of the year.
Lumber Blue Book, a publication of Blue Book Services, Inc., has established itself as the only credit rating agency designed for the unique nuances of the lumber industry. Numerous hardwood and softwood mills, wholesalers and secondary manufacturers confidentially provide A/R Aging files to Blue Book Services on a monthly or quarterly basis. These A/R Aging files provide pay history on over 8,000 buyers of lumber.
With credit extensions at all-time highs, lumber suppliers need as much information as possible to reduce the risk of getting paid slowly, or not at all. Subscribers to Lumber Blue Book have access to their specialized credit ratings, scores and reports to help make informed decisions on credit terms and limits.
Lumber Blue Book also provides subscribers with email alerts, so a change in a customer’s credit rating does not go unnoticed.
To learn more about the service, or to subscribe, visit www.lumberbluebook.com.