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U.S. Manufacturing Production Drops, Other Goods Figures Paint Complex Picture - Aug 5, 2022
Pallet companies are indicating that overall pallet demand is dropping somewhat although it is far from a crisis situation. Typically, this time of year pallet demand drops off in the summer and picks up again in the fall.; Dr. Marshall (Mark) White Purchases White and Company LLC: An agreement between the Ongweoweh leadership and Dr. White was finalized in June, making him the sole owner moving forward. Dr. White will retain his son, Braden, as managing director. more...
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Insights from Brambles Decision to Forgo a Costco Plastic Pallet Pool – Part 2 - Jul 29, 2022
CHEP admitted that plastic pallets offer some pooling advantages in terms of asset longevity, tracking to enhance supply chain visibility and transportation savings. But those benefits were not able to overcome the original purchase price, especially when CHEP could not obtain favorable pricing or use terms from customers.; NEWS IN BRIEF: U.S consumer confidence reached near a 1.5 year low. Safetylawyer.com recently reported that cannabidiol (CBD) products are triggering positive drug tests. more...
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Brambles Says No to Plastic Pool Plunge - Jul 27, 2022
The parent company of CHEP USA, has made the decision not to launch a large plastic pool in the United States for its retail partner, Costco Wholesale Corp. after the retailer announced a number of years ago its intention to switch to plastic pallets in the future. The company’s stock price has been up ever since the plastic pallet launch decision was made.; Canadian Officials Update ISPM-15 HT Program Policies: One major change allows Canadian pallet producers to use foreign lumber and wood material as part of the country’s official ISPM-15 program. Probably the most important rule revision deals with repaired HT pallets.; Recycle Bits: NWPCA fall plant tour held October 18-19 in Augusta, Georgia. CWPCA announced the election of Vic Ulgiati of Weston Forest Products as the president of the association. Global Cold Chain News recently reported that used pallet demand is skyrocketing in the UK. Pallet Logistics of America has officially rebranded as PLA. Wynnchurch Capital has acquired FCA Packaging LLC from Delos Capital. more...
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New Home Construction Drops - Jul 22, 2022
Higher interest rates are hampering mortgage affordability for single-family homes, which reached a two-year low. Single-family home construction is a major driver of demand for lumber and wood products.; NWPCA to Hold Fall Plant Tours in October, Focusing on Sawing Technology: The event will be held October 18-19 in Augusta, Georgia. Battle Lumber Company in Wadley, Georgia, and Heart Wood Products in Warrenton, Georgia, host this year’s tours.; NEWS IN BRIEF: UFP Industries has acquired a 50% stake in Dempsey Wood Products, LLC. more...
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Brambles Says No to Plastic Pool Plunge – Part 1 - Jul 15, 2022
CHEP has made this strategic decision even though it risks losing a sizeable customer. But when you look at the situation and the numbers it just makes sense. It seems that the stock market agrees with Brambles management.; Smart Marketing – PLA Announces New Branding and Website: The new website does a very good job of branding focused on pain points for pallet users. It connects with the emotional stress that many pallet buyers have, especially over the last two years. more...
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Canadian Officials Update ISPM-15 HT Program Policies - Jul 1, 2022
Aimed at making the program better, making the rules easier to understand and protecting the integrity of the program against facilities operating on the outside, one major change allows Canadian pallet producers to use foreign lumber and wood material as part of the country’s official ISPM-15 program.; Summer 2022 Publishing Break: The staff of the Profile will publish its next issue on July 15th. Thanks for your understanding as our team takes some time to recharge.; Regional Lumber Trends: These graphs illustrate the average hardwood cant lumber prices published within each region over the past year. more...
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PLA Buys Propak; Makes Major Splash in Pallet Management and Core Market - Jun 28, 2022
Pallet Logistics of America (PLA) has been going under the radar in the battle between 48forty Solutions and Kamps Pallets for supremacy in the recycled pallet market. In the battle to control more core supply, Propak manages a third of Walmart’s network. PLA is backed by private equity, and is a portfolio company of Silver Oak Services Partners, LLC.; Is Supply Chain Data Pointing Toward a Recession?: A slowdown in consumer spending caused by inflation and a potential recession will have a massive impact on freight demand and prolong an inventory drawdown. So far, pallet demand has remained robust for pallet producers.; Recycle Bits: Building permits decreased 7% on a month-over-month basis in May. OSHA wants companies to realize that heat can kill. Brambles has committed to reach net-zero emissions by 2040. 48forty Solutions is strengthening its position in the West. MMH magazine recently wrote, the pallet supply-demand balance is out of whack and not expected to right itself soon. more...
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Recession Fears and the Bullwhip Effect Could Create Perfect Supply Chain Storm - Jun 24, 2022
A potential economic recession and the supply chain bullwhip are colliding. So far, pallet demand has remained robust for pallet producers. But if a current forecast is right, a lull may be coming. And it just hasn’t worked its way down from the docks to the pallet yards yet.; Tariff Relief Not on the Table for Canadian Lumber: Softwood lumber is one of our oldest trade disputes with one of our largest trading partners. There is no indication that before the mid-term election the Biden administration is truly interested in taking on a trade issue. more...
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Pallets Making Big News, Undergoing Industry Transition - Jun 17, 2022
With pallet demand outpacing production, lead times increasing and most pallet users experiencing spikes in demand for their products, the supply-demand balance is out of whack and not expected to right itself soon.; New Home Construction Fell Faster Than Expected in May: It looks like the housing sector is starting to pull back as high prices and rising inflation are scaring home builders.; Heat Stress App Available for Free: Heat can kill. That’s the message that the OSHA wants companies to realize. more...
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PLA Buys Propak, Makes Major Splash in Pallet Management and Core Market - Jun 10, 2022
Pallet Logistics of America has grown through strategic acquisitions over the last few years, but this is its biggest deal in terms of overall impact and network expansion.; Westward Expansion, 48forty Solutions Buys the Recycling Division of Girard Wood Products: This is the first carve-out acquisition deal closed by the company. The Pallet Recycling Division based in Lacey, Washington is not only situated in a highly strategic location, but it is also highly efficient and well-run. more...
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