Statement by Jeremy Ferguson, President, SMART Transportation Division and Dennis Pierce, President, Brotherhood of Locomotive Engineers and Trainmen on Tentative Agreement Reached Early This Morning Between Unions Representing Conductors and Engineers and the Nation’s Class I Railroads Early this morning following nearly three years of bargaining, the Brotherhood of Locomotive Engineers and Trainmen (“BLET”), a […]
PotlatchDeltic and CatchMark Complete Merger
PotlatchDeltic Corporation (“PotlatchDeltic”) announced the successful completion of the previously announced merger of CatchMark Timber Trust, Inc. (“CatchMark”) with PotlatchDeltic in an all-stock transaction, creating a leading integrated timber REIT. All closing conditions have been met. The combination brings together two high quality timberland REITs resulting in PotlatchDeltic owning nearly 2.2 million acres of diversified […]
84 Lumber Donates to Boy Scouts of America and Announces Vendor of the Year
This week, 84 Lumber continued its tradition of supporting the Boy Scouts of America by donating $150,884 to the Westmoreland-Fayette Council at its 32nd Annual Joe Hardy 84 Lumber Golf Outing. The popular yearly event is also 84 Lumber’s time to connect and build strong relationships with its vendor partners. “Our vendors are a part […]
Canadian National Releases 2021 Sustainability Report Data Supplement
Canadian National Railway Company (“CN”) published its 2021 sustainability report data supplement. Building on the Company’s full 2020 Delivering Responsibly Sustainability Report, the data supplement outlines key performance metrics in the areas of environment, safety, people, community and economy. “We are raising our level of ambition to deliver for a sustainable future, to make a […]
Do it Best Announces Newly Elected Board Members
At the 2022 Do it Best Shareholders’ Meeting held at the fall market on September 11 in Indianapolis, new and re-elected board members were announced and a new board chair was named. Rich Lender, president and CEO of Your Building Centers of Pennsylvania, was elected to his first term on the 12-person board. Additionally, Diana […]
Stora Enso and Huhtamaki Launch Industrial Scale Recycling Programme for Paper Cups in Europe
Huhtamaki and Stora Enso have joined forces to launch a new paper cup recycling initiative, The Cup Collective. The programme, which is the first of its kind in Europe, aims to recycle and capture the value of used paper cups on an industrial scale. Initially the programme will be implemented across the Benelux. With the […]
Florida-based Tibbetts Lumber Co. Agrees to Acquire D & M Truss Co. in Pensacola, Florida
Tibbetts Lumber Co. LLC announced it has agreed to acquire Pensacola, Florida-based D & M Truss Co. The transaction is expected to close later in 2022. The St. Petersburg, Florida-based multi-location building materials supplier’s agreement is to acquire all of the assets of the single-location, Pensacola, Florida-based roof and floor truss manufacturer. “Assuming this deal […]
Mortgage Applications Decrease in September 14th MBA Weekly Survey
Mortgage applications decreased 1.2 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending September 9, 2022. This week’s results include an adjustment for the observance of Labor Day. The Market Composite Index, a measure of mortgage loan application volume, decreased 1.2 percent […]
Madison’s Reporter: Post-Labour Day Brings Stable Lumber Prices
Historically for the softwood lumber and panel market, the week following Labour Day is the harbinger for what prices will be until the true seasonal slowdown arrives at US Thanksgiving. For the past two years, of course, the annual cycle of lumber price changes has not been anything approaching the historical trends. Could this year […]
Ganahl Lumber Company to Acquire the Assets and Real Estate of Northridge Lumber Company
Ganahl Lumber Company is pleased to announce that it has acquired the assets and Real Estate of Northridge Lumber in an all-cash deal that is set to close in the next 60 days. Northridge Lumber is a single location pro-oriented lumber dealer with an excellent location and valued reputation with contractors in the area. This […]