Forestry sector sees higher sales

Forestry sector sees higher sales
From Herald News Services June 4, 2010


Lumber - Alberta's forest products industry increased first-quarter sales by 11.7 per cent to $539 million on stronger demand for lumber.

"There is some reason for optimism in our industry," said Brady Whittaker, president and CEO of the Alberta Forest Products Industry, in a news release Thursday. "Stronger demand and higher prices are helping the forestry sector and creating jobs in communities across Alberta."

Rising demand from U.S. home builders helped lumber producers sell more product at higher prices with total sales of $184 million. Shipments rose 15.6 per cent and prices jumped 70.5 per cent from the first quarter of 2009.


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Construction Spending Grows in April | Transport Topics Online | Trucking, Freight Transportation and Logistics News

Construction spending rose 2.7% in April, the most since 2000, the Commerce Department said Tuesday.
The increase to an $869 billion level followed a revised 0.4% climb in March that was more than originally reported.

Economists had forecast no change in construction spending in April, Bloomberg reported.
Spending fell 11% in the 12 months ended in April. Private residential construction grew 2.9%, while spending on private non-residential construction projects gained 1.7%. Public construction spending rose 2.4%. Construction spending can boost demand for trucking services because spending increases the number of shipments of goods and building materials.