Weyerhaeuser reported Q3, 2024 earnings of $28 million, down from Q2’s $239 million. In other Company news: Georgia revokes permit for Telfair’s biomass plant; Allegheny Wood Products’ owners are charged with fraud; Kalesnikoff supports local fundraiser; and more on Paper Excellence’s rebrand as Domtar. In other Business news: US new home sales tick up; UK housing starts hit new low; the US Lumber Coalition addresses Global Wood Summit delegates; and the Softwood Lumber Board’s latest update.
In Forestry News: Canadian scientists fight to save North America’s largest fungi biobank; how Canada can better control wildfire risk; the US Forest Service halts prescribed burns in California; hurricane Helene’s impact on Georgia’s forest industry; Maine’s forest opportunity roadmap; and US ENGOs on wood pellet mill’s negative impacts.
Finally, a Q&A with FSC’s new Director General, and FPAC’s latest sustainability partnership.
Kelly McCloskey, Tree Frog Editor
VANCOUVER — Canfor Pulp Products reported its third quarter of 2024 results. Overview: Q3 2024 operating loss of $209 million, includes a $211 million asset write-down and impairment charge in the pulp segment resulting from further deterioration in economic fibre availability following recent BC Interior sawmill closure announcements. After taking into consideration one-time items, Q3 2024 operating income of $2 million compared to similarly adjusted operating loss of $6 million in Q2 2024. Modest improvement in NBSK pulp unit sales realizations driven by steady North American pulp pricing through most of the third quarter and favourable timing lag in shipments, despite weak demand in China and notable increase in pulp producer inventory levels. …CPPI’s CEO, 
VANCOUVER, BC — West Fraser Timber reported Q3, 2024 results. Third quarter sales were 
Prices of products manufactured in Canada, as measured by the Industrial Product Price Index (
MONTREAL — Canadian National Railway is reporting that profits nudged down in its latest quarter, when wildfires and labour disruptions took a toll on operations. The country’s largest railway says net income slipped by two per cent to $1.09 billion in the three months ended Sept. 30, down from $1.11 billion in the same period a year earlier. The Montreal-based company says third-quarter revenues rose three per cent to $4.11 billion from $3.99 billion the year before. …CEO Tracy Robinson says CN managed to recover quickly from problems posed by forest fires and “prolonged labour issues” during the quarter. The hurdles included a grain workers strike in B.C. last month and a countrywide lockout at CN in August that snarled some shipments for weeks.
The Forest Sector Outlook – 2024-Q2 report features global economic and forests/industry/market updates from all continents around the world. The report includes regional reviews on local market and industry developments in wood products and timberlands for each region. This 13-page report can be found on the RUSS TAYLOR GLOBAL 
Texas forests were still relatively pristine and ancient as late as 1870, with centuries-old trees towering as high as 150 feet. But then came the “bonanza era” of widespread deforestation. By 1907, Texas became the third largest lumber producer in the United States, making lumber barons such as John Henry Kirby incredibly wealthy. In 1936 President Franklin Roosevelt established Texas’ four national forests — Sam Houston, Davy Crockett, Angelina and Sabine — in East Texas. By then, little remained of Texas’ once-mighty forests. The relentless exploitation devastated ecosystems and diminished biodiversity, leaving behind fragmented landscapes that can’t sustain the wildlife species who make their habitat in Texas forests. …And decades later, though the Forest Service says there are no old-growth forests in the national forests of Texas, we now have 400,000 acres of mature forests. …But logging of older trees continues in our national forests. [to access the full story a Houston Chronicle subscription is required]
