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Canfor Q4 Profit Rises On Lumber Price Gains

Canadian forest products company Canfor Corp. posted a higher fourth-quarter profit on Wednesday, boosted by strong lumber prices as well as an increase in pulp production and shipments. Net income attributable to shareholders rose 31 percent to C$28 million, or 20...

Plum Creek CEO Rick Holley Sees Recovery For Lumber

Rick R. Holley is CEO of a real estate investment trust that owns about 6.3 million acres in 19 states, including 720,000 acres in 22 counties in Arkansas. Before becoming CEO of Plum Creek Timber in 1994, Holley had served as vice president and chief financial...

North American Lumber Prices Surge As Sawmills Run Short

Worldwide demand for North American hardwoods climbed faster than supply in October and lumber prices followed suit. Many concentration yards were low on both kiln-dried lumber to sell and green lumber to put in dry kilns. The sales manager for one exporting company...