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Brambles Reports Positive Earnings, Being Targeted for Possible Acquisition - Mar 11, 2022
Any equity play is in the early stages. Brambles is attractive now due to its share price and global footprint servicing supply chains with critical products and services. It is investing millions in its data capture and analytics to protect its assets and better manage movements through its network.; 48forty Solutions Strengthens Grip on Southern Market: The nation’s largest recycler recently closed on deals for Bo’s Pallets, Inc. and Pallet Consultants. These two deals are significant for their scope and technological benefits, and is the ninth and tenth acquisition completed since Audax Private Equity acquired 48forty as a portfolio company in November 2020.; EPAL Provides Report on Ukraine War Impact: Wood for packaging and pallets is almost currently not being exported from Ukraine to Europe. The sanctions against Russia and Belarus alsom mean that wood imported from these countries into all the European wood processing industries in recent years will no longer be available. more...
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Kamps Acquires L&R Pallet Service, 48forty Solutions Buys Nazareth Pallet Co. - Mar 4, 2022
The two mega recyclers have added to their network in order to bolster their presence in the market. Both of their acquired businesses are strong pallet assets that will make good additions to the new owners as they continue to grow facilities, staff and expertise.; Impact of Ukraine Invasion on Global Wood Markets: According to WRI, Russia is the largest lumber exporter globally and ranks as the seventh biggest exporter of forest products worldwide. Forest products exports from Russia have increased rapidly in the past five years, led by softwood lumber and paper products. more...
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Pallet Quality Concerns Highlight Need for New Discussion on Standardization - Feb 25, 2022
So, how has the pallet changed over the past decade? More pallet manufacturers are using more softwood and less hardwood. To keep costs down, pallet suppliers used computerized pallet design to remove lumber in the pallet and retain safety standards for the next pallet trip. This means pallet quality and durability suffers, which impacts the recycled market.; Pallet Enterprise Releases Operational Excellence Guide: These short highlights are a great resource for owners, managers and key employees. It can be used guide internal conversations about trends and preparing for the future.; Winter 2022 White Paper Released: What's the current state of the new and recycled pallet market? Subscribers are authorized to share this special report with their pallet customers. It is included with this issue of the market report. more...
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Trucking and Transportation Shortages and Challenges Plague Pallet Sector - Feb 25, 2022
Every day we hear more reports from pallet companies about having a difficult time finding truck drivers. There isn’t just one cause. It is a myriad of things.; Will Consolidation Trend Pick Up in Canada? Paramount Pallet is a 48forty Solutions Company, and it has just acquired Industrie de Palettes Standard (I.P.S.) Inc., a major recycler serving the Montreal market.; more...
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State of the West – Part 2: WPA Speech Looks at Changes in the Industry and What’s Coming Next - Feb 18, 2022
Standardization could help the new pallet sector as well when it comes to common footprint sizes, such as GMAs. But the real need is in the recycled sector. I believe the future may just be real standards for quality and dimension. But one thing is needed to make that happen.; Kamps Pallets Releases Green Scorecard: Discussion of how a pallet company is talking about environmental issues and using its business practices to highlight its environmental record. Let’s see what some of the others in the industry do to match or exceed this performance.; European Association Releases Pallet Sector Quarterly Lumber Data: The latest analysis of pallet timber prices in Europe shows a decrease in the fourth quarter of 2021 after sharp increases earlier in the year.; Winter 2022 White Paper Released: The staff of Pallet Profile has put together a White Paper tackling the topic, "Supply and Cost Constraints Continue into 2022." Attached is a pdf file of the report for download. It can also be accessed from the "Online Resources" tab at the top of the subscriber portal menu. If you have difficulties downloading a copy, call 805-550-0323, extension 105 and ask for Rick Henretty or email rick@palletprofile.com. Our White Paper series are designed to provide pallet users a general overview of current trends. Subscribing pallet companies are authorized to send these White Papers to customers as independent, third-party commentary and analysis of the market. more...
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How OSHA May Pivot on COVID-19 Rules - Feb 10, 2022
The agency isn’t likely to include a vaccine mandate for general workers due to the Supreme Court ruling. But it could include some of the less onerous requirements, such as increased training or record keeping.; Winter 2022 White Paper Released: Pallet demand remains strong. Finished pallet prices are elevated as inflationary pressures continue. Overall, there is no imminent relief in sight unless a major recession occurs.; Tips for Proactive OSHA Inspection Management: A national workplace safety lawyer who works with the pallet industry identified some keys to remember when OSHA comes knocking at the door. more...
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Commerce Department Announces Intention to Cut Softwood Duty Rates - Feb 4, 2022
While the roller coaster ride does make it difficult to plan long-term, homebuilders and lumber users welcome lower duties. The United States will continue its higher duties on Canadian imports until likely the fall when its final determination on the duties is expected to be released.; NWPCA Offers Webinar for Regulations on Imported Lumber: Regulations on importing lumber into the United States are different from wood packaging. The event is scheduled for Thursday, February 10, 2022 at 11 a.m. (EST). more...
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Part 1 – State of the Western Pallet Industry: OSHA Enforcement Trends - Jan 27, 2022
Federal OSHA and its state counterparts in western states have an ambitious regulatory and enforcement agenda, with higher penalties and initiatives ranging from COVID prevention to new rules on workplace violence, heat stress and more. Enforcement tactics are changing as well.; U.S. Housing Permits Rise Significantly in December, Starts Up 1.4%: Unseasonably mild temperatures at the end of the year allowed home building to boom in December. The outlook still remains cloudy. Soaring lumber prices may push down construction starts in the first quarter of 2022.; Olympic Forest Products Acquires Berry Industrial Group: The purchase of Berry Industrial and Shade Lumber allows Olympic to expand its brokerage and manufacturing operations and more efficiently service its national client base.; Multi-million Dollar Reusable Packaging Theft Operation Raided by Chicago Police: The police action resulted in the discovery of an illegal plastic regrind operation which was grinding reusable containers and trays stolen by a network of more than 30 vehicles and dozens of individuals. more...
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Supreme Court Blocks COVID Vaccine/Testing Mandates - Jan 26, 2022
The pallet industry is known to employ populations that skew heavily to immigrants, minorities, rural whites and others who are less likely to be vaccinated. That’s why many in the industry are thankful that the Supreme Court has rejected the Biden administration COVID-19 workplace mandate.; Three Major Pallet Acquisitions Close in the Northeast: The deals closed near or just after Christmas with the latest taking place on January 4th, 2022, when 48forty Solutions bought Industrial Pallet located in Eastford, Connecticut.; Bloomberg Missed the Importance of the Recycled Pallet Market: They interviewed Dr. Mark White, professor emeritus from Virginia Tech, and delved into the topic “Why the Price of Wood Shipping Pallets Has Soared.”; Recycle Bits: A court of appeals has upheld a lower court ruling that CHEP does not owe a duty of care to a man whose foot was crushed and amputated. Olympic Forest Products has bought Berry Industrial Group and its affiliate, Shade Lumber Company. more...
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Federal Officials Announced New 10 Year Strategy to Confront the Wildfire Crisis - Jan 21, 2022
Thanks to $3 billion in funding from the Infrastructure Investments & Jobs Act that passed Congress last year, the U.S. Department of Agriculture has launched a comprehensive program to use fuel and forest health treatments to address the escalating crisis of wildfire danger.; Jan Fredell Passes Away as an Active Member of the NWPCA and a Good Friend: He served as chairman of the NWPCA in 2002 as one of the few members outside of North America to do so. He also served as an emeritus international member of the NWPCA Board of Directors. The Fredell family sold its facility in 2018 and it became the largest Bauhaus department store in Sweden. more...
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