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OSHA Develops Emphasis Program for Heat Hazards - Apr 29, 2022 
These efforts are part of a Biden-Harris administration effort to protect workers and communities from extreme heat and rising temperatures resulting from climate change. OSHA inspectors and compliance assistance specialists will engage in proactive outreach and technical assistance to help stakeholders keep workers safe on the job.; Brambles Warns about Global Pallet Shortages: The company has undertaken a major program to revamp its operations through automating U.S. service centers, improving sawmill capabilities and developing digital tools to better forecast supply chain needs and reduce environmental impacts. more...
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Nail Price Market Update – Concerns Persist - Apr 27, 2022 
Now may be the right time to buy surplus stock before prices jump up again. The war in Ukraine is affecting global steel and raw material supplies. Later this summer antidumping duties will be imposed on nail imports from five countries, which could further restrain supply and drive up prices.; Nature’s Packaging Launches EPD Explainer Video: This video explains the critical role that pallets play in the supply chain, and reviews why the sustainable performance of pallets matters as pallet companies communicate with customers.; OSHA Develops Emphasis Program for Heat Hazards: A key part of the program, OSHA will proactively initiate inspections in over 70 high-risk industries in indoor and outdoor work settings when the National Weather Service has issued a heat warning or advisory for a local area, on days when the heat index is 80° F or higher.; See the Latest in Automation, Prep for the Future at Expo Richmond 2022: Many suppliers will have physical models on display and some will even run live demonstrations. About 300 exhibitors are expected to be showcasing technology for logging, sawmilling, pallet manufacturing, pallet recycling, drying, scanning, materials handling and more.; The Recycle Record Issues Correction on CHEP Revised ARP Story: The Recycle Record take its role of reporting accurate information seriously and will always work to correct any inaccuracies that arise as quickly and professionally as possible. more...
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Will CHEP Go Plastic for Costco? Part 2 - Apr 22, 2022 
CHEP has been testing a plastic pallet with Costco and is about ready to make its decision sometime this summer. Why should a white-wood pallet company care about CHEP and its plastic pallet conundrum? Let’s explore that question because it could have far-reaching implications for CHEP, CHEP customers, Costco and even the white-wood pallet market.; Nature’s Packaging Launches EPD Explainer Video:Why do your customers care about sustainability? These questions and more are covered in a new EPD explainer video produced by Nature’s Packaging, an educational and outreach campaign funded by the wood pallet sector in the United States. more...
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Will CHEP Go Plastic for Costco? Part 1 - Apr 15, 2022 
The major club store retailer has given CHEP an ultimatum to accommodate its plastic needs or risk losing its pallet volumes. The pallet rental giant has stated it will make a decision on the Costco plastic pallet issue before the end of this fiscal year, sometime before June 30.; Looking for Pallet Lumber? Search the Lumber Pages Online! This extremely tight market has certainly favored sellers. In uncertain times, you may need to reach out to new sources to locate available lumber supplies. more...
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Raw Material Shortage in Europe and New Duties Likely to Drive Up Nail Rates - Apr 8, 2022 
Nail supply just tipped back into a reasonable position over the last three months, but this may just be the calm before the storm. Now may be the right time to buy surplus stock before prices jump up again.; See the Latest in Automation, Prep for the Future at EXPO Richmond 2022: Next month, about 300 exhibitors are expected to be showcasing technology for logging, sawmilling, pallet manufacturing, pallet recycling, drying, scanning, materials handling and more. more...
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Forest Products Innovation and Technology Summit to Be Held in May - Apr 1, 2022 
In conjunction with EXPO Richmond, Virginia Tech University is sponsoring a workshop on the latest in innovation and technologies in the forest products industries. The event will be held in Richmond, Virgina on May 19, 2022, at Hilton Garden Inn in Sandston, Virginia from 8:30 a.m. to 4:00 p.m.; 48forty Solutions Secures Additional Funding, Consolidation Trend Continues: The mega recycler has obtained additional equity investments by Summit Partners in addition to the funding provided by Audax Private Equity that purchased the business in December 2020.; Regional Lumber Trends: These graphs illustrate the average lumber prices published within each region over the past year. more...
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48forty Solutions Secures Additional Funding, Consolidation Trend Continues - Mar 29, 2022 
The company has obtained additional equity investments by Summit Partners in addition to the funding provided by Audax Private Equity that purchased the business in December 2020. Summit joins Audax as an equal partner in the business, with 48forty’s management team retaining meaningful ownership.; CHEP Releases Upgrades to Its Asset Recovery Program: Starting on March 6th, CHEP has raised its standard fees from $2.24 to $2.84 plus a fuel surcharge for stray pallets returned to a CHEP service center. The rental company has increased its basic recovery fee from $1.15 to $1.75 per pallet loaded onto a CHEP collection truck.; Pallet Rental Pooler Peco Discusses Return Delay Problem: As pallets are held longer, there are fewer ‘turns’ or reissues per year. Consequently, the available pool of pallets shrinks, impacting how much pallet inventory is in the network for all users.; U.S. Diesel Prices Shoot Up: Retail gasoline and diesel fuel prices have never increased at a rate that fast over a three-week period in the history of data coming from the U.S. Energy & Information Agency (EIA). more...
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Sustainability and CSR Takes Center Stage for Future Customer Dialogues - Mar 25, 2022 
The reality on the ground today is that customers just want and need pallets and are trying to avoid higher prices. Supply and price remain king for the moment. But increasingly larger companies are starting to reward executives and managers based on CSR principles, and suppliers who have green credentials will secure more business in the future.; Pallet Pooler Discusses Return Delay Problem: Many customers want to know why rental companies don’t just crank up production of new rental pallets. Rental providers don’t want to significantly ramp up production during a time when pallets are very expensive to produce extra supply just to end up warehousing those pallets later if demand retracts. more...
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CHEP Releases Upgrades to Its Asset Recovery Program - Mar 18, 2022 
The pallet rental company has increased its basic recovery compensation from $1.15 to $1.75 per pallet loaded onto a CHEP collection truck.The most recent changes to the ARP are based on a third-party study to assess the fairness of its compensation rates.; U.S. Diesel Prices Shoot Up: From February 24th through March 14th, the average U.S. on-highway retail diesel fuel price increased 29% from $4.06/gal to $5.25/gal. Retail gasoline and diesel fuel prices have never increased at a rate that fast over a three-week period. more...
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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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