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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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EXPO Richmond Roundup - Jun 3, 2022
Attendance was down this year at EXPO Richmond, but the people who did show up were looking to buy. We discuss some of the things about the show.; OSHA to Develop Heat Hazard Standard: This rule would affect pallet and lumber companies all over the country if enacted. Inspectors are reviewing safety logs for heat-related illness and are looking for written heat stress training and response programs. more...
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How Retail Has Changed and What It Means for Pallet Demand - May 27, 2022
Pallet manufacturers and recyclers are still very busy. You would expect that pallet demand would start to decline given the news headlines and purchase orders. Several factors starting with supply chain disruptions have caused stock delays.; Millwood Q&A on Its Acquisition Strategy: Owner Steve Miller replies to questions about the company's recent purchase of Cleveland Custom Pallet & Crate, Inc. and future plans. more...
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Why the Disconnect? - May 27, 2022
If you follow Wall Street, stocks and financial news, you would expect that pallet demand is starting to drop. So, why are pallet suppliers still so busy? We'll take a look at some economic trends and try to figure out what is going on. There are two main driving factors for current pallet demand – housing and retail sales.; Brambles Takeover Bid Stalls: CVC Capital Partners has discontinued its discussions in regard to its unsolicited proposal to acquire all of the shares of the company citing the current external market volatility.; Millwood Acquires Cleveland Custom Pallet & Crate, Inc.: CCPC was founded by Mike Broeckel, who wanted the company to be a place where young people from his community and church could work and grow in their faith as well as having a tradition of hiring second-chance people or those who found it difficult to work for other manufacturing companies. more...
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