Mortgage applications decreased 0.6 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending November 27, 2020. This week’s results include an adjustment for the Thanksgiving holiday. The Market Composite Index, a measure of mortgage loan application volume, decreased 0.6 percent on a seasonally […]
Canadian Pacific & Hapag-Lloyd Extend Rail Transportation Agreement; Add Port of Saint John Service
Canadian Pacific (“CP”) and Hapag-Lloyd AG (“Hapag-Lloyd”) announced they have extended their long-term rail service agreement to the end of 2025. Additionally, after successful calls to the Port of Saint John, N.B., this summer, Hapag-Lloyd will begin regular service via CP and this key Atlantic Canada port starting in 2021. “It’s a special day when […]
Seneca Paid Off PPP Loan with Interest
Due to the lumber market recovery, Seneca was able to pay off its PPP loan with interest instead of applying for forgiveness. When Seneca applied for a PPP loan in April, lumber prices were low, demand was the lowest it had been in decades, and the drastic market disruption created by the coronavirus had resulted […]
Obituary: William Milton “Milt” Cole
William Milton “Milt” Cole, age 85, Logansport, passed away peacefully on Thanksgiving Day in his residence. Memorial contributions may be made to the Cass County Community Foundation, 723 East Market Street, Logansport, IN 46947, Calvary Presbyterian Church, 701 Spencer Street, Logansport, IN 46947 or the Ivy Tech Foundation for the Cole Family Scholarship, PO Box […]
Blue Book Members: Understanding Pay Indicators
Blue Book Pay Indicators provide Members with a summary of the overall reported pay practices of a company, using a statistical equation. Pay Indicators are assigned based on reports received from trading partners, evaluating the overall business practices of a company, including pay patterns. Pay reports received on a business are placed into one of […]
Fulcrum Building Group, LLC Partners with Ford Lumber & Millwork of Alabama
Fulcrum Building Group, LLC has acquired a majority interest in Ford Lumber & Millwork Company, Inc., in a transaction that closed December 1st. Fulcrum Building Group (“FBG”) initially launched in July 2019 with the partnership formed by South Bay Lumber of Santa Rosa Beach, FL, Navarre Lumber of Navarre, FL, and the private equity investment […]
The Aaron’s Company, Inc. Completes Spin-off; Begins Trading as Independent, Publicly Traded Company
The Aaron’s Company, Inc. ( “Aaron’s”), a leading omni-channel provider of lease-purchase solutions, announced that it has completed its spin-off from its former parent (“Parent”), and will operate as an independent, publicly-traded company, listed on the New York Stock Exchange under the ticker symbol “AAN.” Aaron’s remains a mission-driven company focused on enhancing people’s lives […]
Charles Ingram Lumber Co. Vice President to Lead AWC’s Board
American Wood Council (“AWC”) announced the election of Charles Ingram Lumber Co. Vice President T. Furman Brodie as the Chairman of AWC Board of Directors for a one-year term, effective January 1, 2021. Newly appointed President & CEO of PotlatchDeltic Eric Cremers was elected First Vice-Chairman, and President & CEO of TR Miller Mill Company […]
US LBM Acquires Connecticut’s Ridgefield Supply Company
US LBM, a leading distributor of specialty building materials in the United States, has acquired Ridgefield Supply Company, a building products dealer located in Ridgefield, Conn. Founded in 1883, Ridgefield Supply operates a state-of-the-art 89,000-square-foot facility in Ridgefield, which is comprised of a lumberyard, warehouses, a hardware and paint store, window and millwork showrooms and […]
HNI Corporation Announces Agreement to Acquire Design Public Group
HNI Corporation (“HNI” or the “company”) announced it has entered into a definitive agreement to acquire Design Public Group, a leading e-commerce distributor of high-design furniture and accessories for the office and home. The company’s assets include consumer-facing e-commerce websites www.designpublic.com and www.danishdesignstore.com, along with a platform and capabilities serving the commercial office and architectural […]