The U.S. Department of Commerce announced the preliminary anti-dumping duty rate of 20.07% in the sixth annual review of unfairly traded Canadian softwood lumber imports into the United States. The review covers lumber imported in calendar year 2023. “The higher preliminary duty level announced by the Commerce Department demonstrates the severity of dumping and frankly […]
CSX Announces Ratification of Labor Deal with IAM
CSX Corporation announced that employees represented by The International Association of Machinists & Aerospace Workers (IAM) have voted to ratify the five-year collective bargaining agreement. “IAM’s ratification is a testament to the strength of our partnership with union leadership,” said Joe Hinrichs, President and CEO of CSX. “This underscores our commitment to fostering a workplace […]
The White House: Addressing the Threat to National Security from Imports of Timber, Lumber
By the authority vested in me as President by the Constitution and the laws of the United States of America, including section 232 of the Trade Expansion Act of 1962, as amended (19 U.S.C. 1862) (Trade Expansion Act), it is hereby ordered: Section 1. Policy. The wood products industry, composed of timber, lumber, and their derivative […]
Woodgrain Completes Kelleher Corporation Acquisition
Woodgrain, a leading millwork and building products company, has closed on the asset purchase of Kelleher Corporation. The acquisition includes distribution locations in Sacramento, Ontario, Carneros and Blackpoint, CA along with Honolulu, HI, a manufacturing location in Bear Valley, OR and an office in San Rafael, CA. Kelleher Corporation specializes in the distribution of moulding, lumber, […]
Freddie Mac: Mortgage Rates Continue to Drop
Freddie Mac released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.76%. “This week, mortgage rates decreased to their lowest level in over two months,” said Sam Khater, Freddie Mac’s Chief Economist. “The drop in mortgage rates, combined with modestly improving inventory, is an encouraging sign for consumers in the […]
American Woodmark Corporation Announces Third Quarter Results
American Woodmark Corporation (the “Company”) announced results for its third fiscal quarter ended January 31, 2025. Fiscal Third Quarter 2025 Financial Highlights: Fiscal 2025 First Nine Months Financial Highlights: “Despite performance that was below our expectations for the quarter, our teams continue to execute and have built a platform to deliver profitable growth when macroeconomic conditions improve. The quarter was impacted by softer […]
Westlake Ace Hardware to Open More Stores in the Charlotte, NC Area
Westlake Ace Hardware announced it has signed lease agreements to open two new stores in the greater Charlotte, North Carolina, area: Westlake Ace currently owns and operates 14 stores in North Carolina under the Westlake Ace and Outer Banks Ace brands. A new Westlake Ace location in Charlotte’s Rozzelle Crossing Shopping Center will open its doors […]
Koppers Reports Fourth Quarter and Full-Year 2024 Results
Fourth-Quarter Sales of $477.0 Million vs. $513.2 Million in Prior Year Quarter Full-Year Sales of $2.09 Billion vs. $2.15 Billion in Prior Year Koppers Holdings Inc., an integrated global provider of treated wood products, wood treatment chemicals, and carbon compounds, reported net loss attributable to Koppers for the fourth quarter of 2024 of $10.2 million, or $0.50 per diluted share, compared to net income attributable to Koppers […]
Do it Best Names New Logistics Talent to Continue Excellence
Do it Best is pleased to announce the appointment of Matt Loprest and Tim Pieper as directors of operations. These strategic hires follow the promotions of Ty Sordelet to Do it Best Vice President of Logistics in December 2024 and Steve Rose to True Value Vice President of Distribution in November 2024. With the additions […]
Installed Building Products Reports Record Fourth Quarter 2024 Results
Installed Building Products, Inc. (the “Company” or “IBP”), an industry-leading installer of insulation and complementary building products, announced results for the fourth quarter and fiscal year ended December 31, 2024. Fourth Quarter 2024 Highlights (Comparisons are to Prior Year Period) Recent Developments “Our fourth-quarter results capped off another record year for IBP, reinforcing our longstanding commitment to […]