UFP Industries Announces Third Quarter 2025 Results, PalletOne Sales Down Slightly - Nov 14, 2025
Gross profit declines were primarily due to PalletOne because of price competition as the pallet manufacturer executes its strategy to increase market share. Long-term the company hopes to achieve 7-10% unit sales growth annually with at least 10% of all sales coming from new products.; Plastic Pallet Manufacturer Greystone Logistics Lays Off Almost 40% of Its Workforce: A major customer putting a halt to orders demonstrates the difficulty in the current market. Sluggish demand is not only affecting wood pallet companies. It is also a challenge for plastic producers.; EU Decides Not to Delay EUDR Implementation: Even though full enforcement won’t occur until next year, regulators may issue warnings to shippers and guidance on compliance in some cases. The EUDR does not cover pallets under load going into the EU.
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