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 Industry Roundup |
Logs
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Arkansas Dept. of Agriculture releases Pocket Guide to Arkansas Forest Health; 19 million acres of state's land mass is forested and Arkansas produces timber valued at more than US$400M/year, with total forestry products valued at more than US$6.4B
The Courier (05/10)
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Pulpwood
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Heinz, Pulpex developing a paper-based recyclable bottle made from 100% sustainably sourced wood pulp; companies are developing a prototype to test how the innovation could be used for Heinz Tomato Ketchup bottles, other packaging formats in years to come
Business Wire (05/10)
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Deforestation/Reforestation
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More than 330 organizations and companies sign letter released before US House Foreign Affairs Committee hearing, urging passage of Amazon21 bill; it would allocate US$9B to finance forest conservation and natural carbon absorption in developing countries
Canadian Press DataFile (05/10)
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Forestry
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Commentary: New forests are key to viable carbon credits scheme; scientists say most effective carbon storage occurs in young closed canopy forests, and managed forests where trees are felled singly at peak of maturity are more effective in carbon capture
Mercury (05/10)
Purchase of 1,441 acres of forest by Oregon's Arch Cape Water District troubles some residents, who expect impact from logging, public recreational use; the timberlands around the source of Arch Cape's drinking water will be turned into community forest
The Astorian (05/10)
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Timberland/Forestland
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Two Arkansas-filmed episodes of PBS series America's Forests with Chuck Leavell to be broadcast on Arkansas PBS in May; Fay Jones School of Architecture largely organized the episodes, which were co-funded by University of Arkansas and other stakeholders
States News Service (05/10)
Oregon congressman introduces bill containing first US tribal co-management provision to support treaty rights; it directs US Forest Service to co-develop management plan with Confederated Tribes of Warm Springs to protect, enhance Tribal Treaty resources
Congressional Documents & Publications (05/10)
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Forestry/Timberland
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US Senate Environment and Public Works Committee approves nature-focused water infrastructure bill; it would invest in restoration of ecosystems, emphasizes accounting for climate change when planning flood risk reduction and drought resilience projects
The Nature Conservancy (05/10)
Weyerhaeuser partners with Firefighter Behavioral Health Alliance on Fighting Fires Together campaign, focused on mental health awareness and resources for wildland firefighters; launch coincides with Mental Health Awareness and Wildfire Awareness months
PR Newswire (05/10)
New bill would make California first state to set statutory target for sequestering carbon by natural methods such as urban tree-planting; state's agricultural, urban lands have potential to capture up to 103 million tonnes/year of past climate pollution
Sacramento Bee (05/10)
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Agri
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Fruit Farming
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Maine's blueberry crop totals 105 million lbs. in 2021, up from less than 48 million lbs. in 2020, driven by good weather conditions, according to USDA data
Associated Press (05/10)
Cranberry growers in New Jersey produce over 588,000 utilized barrels from 2,900 acres in 2021, the highest yield since 2016, according to USDA statistics
Fresh Plaza (05/10)
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Cannabis/Hemp/Marijuana Farming
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Grower's Ally, a producer of cannabis and hemp pesticides, introduces Crop Defender, a triple-action crop protection formula; product includes a miticide, insecticide and fungicide
Profiles In Legalization News (05/10)
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Animal Farming/ Meat Production
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Bird flu has impacted more than 37.5 million birds in 291 commercial and backyard flocks in the US as of May 9, according to USDA statistics
Food Dive (05/10)
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Fertilizers & Plant Nutrients
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Brazil's Minister of Agriculture, Livestock and Supply negotiates with Jordan-based Arab Potassium Company for import of fertilizers to Brazil; company president is optimistic for a long-term supply partnership
PR Newswire Policy (05/10)
ReMo Energy introduces renewable nitrogen fertilizer made using cost-advantaged wind and solar energy; company's approach enables production of fertilizers where they are needed using local energy sources
Business Wire (05/10)
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Land
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Land
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UPM closes asset-only sale of its shuttered Chapelle Darblay newsprint mill site in France to community of Rouen; UPM had originally committed to selling site to Samfi, Paprec France, but Rouen preempted, cancelled sale of land and buildings in February
UPM Kymmene Oyj (05/10)
New Zealand AI start-up CarbonCrop, which works to make carbon credits accessible to landholders, secures NZ$1.9M, appoints new CEO; since June 2021 launch, CarbonCrop has assessed over 400,000 hectares, is set to deliver NZ$15M in carbon credits in 2023
CarbonCrop (05/10)
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Wood Products
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Engineered Wood Products (EWP)
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Atlantic Building Components & Services, a manufacturer of wood trusses and building components, to invest US$6M in new production facility in Fairmont, North Carolina, creating 105 jobs; company supplies national and large volume regional builders
Office of the Governor (05/10)
Freres Engineered Wood makes biochar as a byproduct of its Lyons, Oregon, cogeneration plant; in 2021, carbon offset marketplace Puro.earth certified its biochar, and carbon credits sales to Microsoft could help Freres tap into agricultural markets
The Astorian (05/10)
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Lumber
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Conifex reports Q1 net income of C$11.4M, from year-ago C$4.5M, on sales up 54% to C$71.8M; Q1 lumber production was about 47.1 mmbf, representing operating rates of some 78% of annualized capacity; lumber shipments were 42.5 mmbf, up 12% year-over-year
GlobeNewswire Canada (05/10)
CIBC Chopping Block (May 6): Lumber prices steady with less Canadian volumes in the market, with W. SPF up 0.9% week-over-week to US$1,090/mbf, and SYP 2x4 flat at US$834/mbf; Random Lengths reports heavy trading in west that lifted overall composite
CIBC World Markets Inc. (05/10)
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Pulp/Fiber
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Paper Pulp
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CIBC Paper Wrapper (May 6): Europe's pulp markets see little change in April, as labor shortages offset shipping bottleneck improvements; in China, physical trading of pulp imports reported to have come to a standstill over last week given public holidays
CIBC World Markets Inc. (05/10)
Resolute Forest Products' Q1 net income more than doubles year-over-year to US$210M, as sales grow 8% to US$945M; slower transportation network improvements led to lower sales volume, higher inventory levels, offsetting favorable pricing in all segments
Resolute Forest Products Inc. (05/10)
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Recovered Paper
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AMP Robotics launches automated secondary sortation facilities in Atlanta and Cleveland; facilities to process low volumes of difficult-to-recycle mixed plastics, paper, metals using Neuron AI platform that recognizes 50 billion objects annually
Business Wire (05/10)
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Publication/Fine Paper
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Paper exports in January-April period at Port of HaminaKotka in Finland drop 26.3% from prior-year period, while exports of wood pulp fall by 29.5%
M-Brain Nordic News (05/10)
Paper consumption in India set to grow by 6%-7% annually, reaching 30 million tonnes by fiscal 2026-27; major growth drivers will include emphasis on education and literacy, growth in organized retail, demand for better quality paper: IPMA
Accord Fintech (05/10)
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Specialty Papers
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Borosil launches range of high-quality filter papers in India in collaboration with German specialty paper maker Hahnemuhle;
products include qualitative, quantitative and hardened quantitative filter papers, glass fiber filters
Asian News International (05/10)
German specialty paper maker Drewsen Spezialpapiere invests over €1.5M to install new, 1,200 m3 biological high-load stage system at existing waste water treatment plant; investment prepares paper mill for future growth without affecting Lachte River
Drewsen Spezialpapiere GmbH & Co. KG (05/10)
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Real Estate
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Mortgages/Home Financing
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US mortgage delinquency rate at 3.2% in February, down from 5.7% in February 2021, with all states and metros recording annual drops; foreclosure inventory rate down to 0.2% in February from 0.3% year-ago: CoreLogic
CoreLogic Inc. (05/10)
US mortgage credit availability decreased by 3.2% to 121.1 in April on Mortgage Bankers Assn.'s index; decline in credit availability driven by jump in mortgage rates in the past two months
Mortgage Bankers Association (MBA) (05/10)
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Green Building/Development
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Meritage Homes named EPA Energy Star Partner of the Year - Sustained Excellence Award Winner for ninth time; delivered 12,801 Energy Star-certified homes, double-certified all new home builds started during year under Energy Star, Indoor airPLUS programs
Meritage Homes Corp. (05/10)
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Real Estate
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US median home price rose 14.2% year-over-year to a record US$425,000 in April; new listings fell 0.9% while active listings posted smallest annual decline since 2019 of 12.2%, a typical home sold in 34 days, 6 days faster than in April 2021: Realtor.com
Move Inc. (05/10)
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Logistics
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Trucking/Van Delivery
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Uber Freight company Transplace honors 2021 Carriers of the Year; winners include Heartland Express for national truckload carrier, Averitt Express for regional truckload, J.B. Hunt for intermodal and FedEx Freight for National LTL
GlobeNewswire (05/10)
XPO Logistics appoints president of North American Transportation Drew Wilkerson as CEO of company’s planned spin-off of its tech-enabled brokered services platform, which is expected to complete in Q4; Wilkerson brings 14 years of leadership experience
GlobeNewswire (05/10)
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Ocean Cargo/Shipping
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Contract negotiations begin between West Coast ports, including Los Angeles, Long Beach, and unions for 22,000 dockworkers; talks expected to last until July 1 and will cover pay, working conditions as well as automated cargo handling's impact on jobs
Press-Telegram (05/10)
Fresh Del Monte’s ocean logistics arm Network Shipping rebrands to offer enhanced third-party services and optimize cargo space on company’s 13 vessels; NWS boasts almost 100% on-time delivery and new tech to streamline bookings and trade-lane data
Business Wire (05/10)
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Marine Ports
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US East, Gulf Coast ports lack capacity for cargo diversion from West Coast ports if disruptions should occur during contract talks; in 2021, cargo and vessel activity at ports of Los Angeles, Long Beach made up 37% of all imports to US: Martin Associates
Pacific Maritime Association (05/10)
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Logistics, Shipping & Delivery
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New York and Virginia representatives introduce bill to require USPS to conduct a new environmental impact statement regarding procurement of next-generation delivery vehicles; bill was referred to the House Oversight and Reform Committee
Targeted News Service (05/10)
LaserShip announces Scott Nelson as its new chief operating officer, effective on May 9; Nelson most recently served as SVP of supply chain at ScionHealth for its 79 acute care hospitals as well as a member of the HealthTrust supply chain advisory board
PR Web (05/10)
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Bioeconomy
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Biomass
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Drax partners with University of Nottingham, Promethean Particles to trial new bioenergy with carbon capture and storage process at Selby power station; Drax plans to deploy BECCS this decade, and it would be world’s largest carbon capture power project
Drax Group PLC (05/10)
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Stock
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Latest: May, 10 2022
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Latest Value |
Prev |
Chg |
YOY Chg |
| Watchlist |
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PotlatchDeltic (PCH)
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53.26
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53.79
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-0.99%
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-15.89%
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Rayonier (RYN)
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37.08
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37.77
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-1.83%
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-3.34%
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Weyerhaeuser (WY)
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38.72
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39.22
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-1.27%
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-5.07%
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Forestry & Timberland
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