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Brambles Releases 2023 Sustainability Review Focusing on “Regeneration” - Sep 28, 2023
The major focus for CHEP’s plan is creating regenerative supply chains with the ability to put back more than is taken out of the environment. A key way that CHEP meets this goal is through extensive tree replanting efforts. Beyond just planting one tree for every one used in its pool, the company has set and met a goal of planting two trees for every one used in maintaining and growing its pool.; PLA Opens New Plant in Northwest Arkansas: The new service center adds new and recycled pallet supply, repair, and retrieval services to the reverse logistics, transportation, and 3PL services provided to customers throughout the greater Northwest Arkansas area. more...
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Washington Roundup – Legislation Grinds to Halt as Shutdown Looms - Sep 22, 2023
Currently, the federal government runs out of money on September 30th without any new congressional action. Previous stalemates have led to some partial shutdowns. But these never last too long. However, these battles don’t do a lot to build consumer and investor confidence.; NEWS IN BRIEF: Nearshoring is becoming a much larger trend. The Decorative Hardwoods Association (DHA) recently highlighted new restrictions on exports.; Remembering an Industry Veteran: Randy Panko Randy was the face of Wood-Mizer blades to many in the pallet industry. He recently passed away and will be missed by family, friends and colleagues. more...
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Let's Make a Deal -- Summer/Fall 2023 White Paper - Sep 19, 2023
This report covers recent trends as the recycled pallet market has been in a major corrective position over the last several months. And prices are moving down quickly. This White Paper explains the causes as well as the market lessons and difficulty in pegging exact prices. more...
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MMH Survey Suggests Non-48x40 Pallets Are Growing in Popularity - Sep 15, 2023
Changes in pallet types were likely driven by shortages during the pandemic. Also, companies are realizing that they can use similar pallet sizes for cheaper prices. Other than the fact that it has become the defacto footprint standard, there is nothing magical about 48x40 pallets.; EPAL To Crack Down on Illegal Wood Coming from Ukraine: In a world where environmental purchasing and sustainability is a large concern for major pallet users, ensuring legal sourcing is critical. EPAL has faced inferior or fraudulent Europallets in the past coming from countries in eastern Europe. This is just the latest challenge when it comes to unscrupulous players looking for ways to cut costs. more...
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Part II — Brambles Announces Future Plans, Works to Improve Asset Utilizations - Sep 8, 2023
To remedy the depleted supply situation, CHEP worked to recondition more broken pallets, locate strays and has added some pallets to its pool. Also, as the economy has slowed and retailers have destocked, huge inflows of millions of pallets has occurred.; Freight Capacity Concerns Could Arise This Winter: So, what does this mean for pallet companies? Over the past year, trucks have been easy to find, and rates have been decreasing. Excess capacity has replaced the shortages found during the pandemic. But this trend is not likely to continue. more...
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Part I — Brambles Releases 2023 Results, Pool Efficiency Gains Achieved - Sep 1, 2023
The driver for revenue growth this year was not higher volumes or big new customer wins. Instead, Brambles was able to finally recoup inflationary costs as many long-term contracts reset at higher pricing.; New Study Questions Wood Product Sustainability: Unfortunately, just when we seem to be making progress, another questionable report comes out that is touted by those who would prefer that our forestlands remain untouched and unmanaged. more...
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Rental Pallet Theft Scheme Discovered - Aug 29, 2023
CHEP discovered the plot in a routine inspection when they found a trailer with many pallets that had been unaccounted for in the paperwork.; Western Pallet Association Taps New Top Executive: The WPA recently selected Glenn Meeks to take over the role of executive vice president.; OSHA Expands Electronic Recordkeeping Requirements: Under the new rule, employers with 100 or more employees in designated high-hazard industries will be required to electronically submit information. Recycle Bits: OSHA has issued an alert on heat hazards in the workplace; A global pallet market survey has predicted that the industry around the world will reach $130.5 billion; PalletTrader.com has surpassed one million pallets transacted. more...
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Let’s Make A Deal – Canada to Appeal Latest U.S. Duty Decision - Aug 25, 2023
Those in favor of the decision argue that the softwood lumber trade cases help offset Canadian lumber subsidies and dumping, allowing U.S. lumber manufacturers to compete in a fair market, invest in their businesses, and supply more U.S. lumber milled by U.S. workers to build U.S. homes.; NEWS IN BRIEF: The USDA recently issued a report warning that forests could be classified as net emitters of carbon rather than absorbers.; OSHA recently fined an Arkansas sawmill after it experienced a fatality.; The Hardwood Federation responded to a request from the USDA seeking to improve the measurement of greenhouse gas emissions.; Fastmarkets has acquired Hardwood Market Report. more...
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Consumer Picture Worsens, Forecast Uncertain - Aug 18, 2023
Just when the consumer is needed to help lead the rebound, student loan debt repayment is restarting. Nearly 44 million people owe more than $1.6 trillion in federal student loans. The Biden administration has developed a plan to reduce the impact on student borrowers. But the loan repayment restart will hit many parents, who were excluded from the more generous repayment program option, forcing them to look for more work, longer hours and more pay.; PalletTrader CEO Believes Pallet Demand Recovery Nears: While it is true that the destocking has reduced, we have yet to see demand pick up in any noticeable way. The next month or two will tell us exactly what the winter holiday season will look like.; NEWS IN BRIEF: The White & Company Annual Pallet and Unit Load Design short course is almost full.; OSHA has issued an alert on heat hazards in the workplace due to extreme temperatures across the country.; A pallet market survey has predicted that the industry around the world will reach $130.5 billion in size by 2032. more...
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Insights from the Biden Administration’s Wildfire Crisis Strategy - Aug 11, 2023
Last year, the Forest Service started its Wildfire Crisis Strategy. The 10-year plan calls for treating up to an extra 20 million acres of Forest Service land as well as an extra 30 million acres of other federal, state and tribal land.; Bill Introduced in Congress to Boost Rural Economies by Supporting Wood Product Innovation: This bipartisan legislation would improve forest health, reduce wildfire risk, sequester more carbon, and boost rural economies by supporting innovative timber products, such as mass timber.; NEWS IN BRIEF: Canfor Corp reported a $43.9 million loss in the second quarter of this year. more...
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