Since October 2022, quite a few sawmill operators have taken downtime and curtailments. This is normal for the time of year, as usually lumber demand slows in winter and regular maintenance needs to take place, as well as employee vacation time. Over the past few months there has been perhaps a bit more than the […]
CoreLogic: Peak Fall Mortgage Rates Further Cooled Home Price Growth in December
CoreLogic®, a leading global property information, analytics and data-enabled solutions provider, today released the CoreLogic Home Price Index (HPI™) and HPI Forecast™ for December 2022. The effect of rising mortgage rates on housing demand in 2022 became even more evident in December, with annual home price growth dipping to 6.9%, down from a series high of 20% appreciation […]
CSX Reaches Agreement with BMWED and BRC on Paid Sick Leave for Railroad Workers
CSX today announced that it has reached agreements with two unions that provide paid sick leave for approximately 5,000 railroad workers. The agreements were reached with the Brotherhood of Maintenance of Way (BMWED), which represent engineering employees, and the Brotherhood of Railway Carmen (BRC), representing mechanical workers. Joe Hinrichs, president and chief executive officer of […]
Cariboo Pulp & Paper Curtailment This Spring and Fall
West Fraser Timber Co. Ltd. (“West Fraser”) today announced the planned curtailment of operations at Cariboo Pulp & Paper located in Quesnel, British Columbia, beginning in mid-April for a month and then for another month in the third quarter. Today’s decision is the result of the decline in availability of sawmill residuals. The fibre supply […]
Carlisle Companies Reports Record Fourth Quarter and Full Year 2022 Results
Carlisle Companies Incorporated today announced its fourth quarter 2022 financial results. Comments from Chris Koch, Chair, President and Chief Executive Officer “2022 was a remarkable year for the entire Carlisle team. In addition to delivering record fourth quarter sales of $1.5 billion, we also delivered record annual sales of $6.6 billion, surpassing $6 billion of […]
Westlake Ace Hardware to Open Store in Placentia, CA
Westlake Ace Hardware announced it has signed a lease agreement to open a new store in Placentia, Calif. Westlake Ace currently owns and operates five locations in southern California, with plans to open three additional stores in Glendale, Porter Ranch, and Simi Valley in 2023. Westlake Ace plans to open the store at 1257 East Yorba […]
RoyOMartin Marks 100th Anniversary of Company Founding
This year, RoyOMartin celebrates the founding of Roy O. Martin Lumber Company, which was legally organized and incorporated in Alexandria, Louisiana, in 1923. Led by Indiana native Roy O. Martin, Sr., the company was borne after the entrepreneur’s purchase of an older sawmill and began without a single acre of land. Today, the trade name […]
Tractor Supply Recognized for Diversity and Inclusion in the Workplace
Tractor Supply Company, the largest rural lifestyle retailer in the United States, announced today it has been recognized by two separate entities as a diverse and inclusive workplace. For the second consecutive year, the Company exceeded the threshold for inclusion on the Bloomberg Gender Equality Index, while Newsweek featured Tractor Supply on its inaugural list of America’s […]
Graphic Packaging Holding Company Reports Strong Fourth Quarter and Full Year 2022 Results
Graphic Packaging Holding Company, (the “Company” or “Graphic Packaging”), a leading fiber-based consumer packaging company, today reported Net Income for fourth quarter 2022 of $156 million, or $0.50 per share, based on 309 million weighted average diluted shares. This compares to fourth quarter 2021 Net Income of $39 million, or $0.13 per share, based on […]
PGTI Announces $250 Million Share Repurchase Program
PGT Innovations, Inc., a national leader in premium windows and doors, including impact-resistant products and products designed to unify indoor/outdoor living spaces, today announced that its Board of Directors has approved a share repurchase program with authorization to purchase up to $250 million of its common stock through February 3, 2026. “While the actions of the Fed […]