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Weyerhaeuser Co. Message Board

  • blackoutbuzz blackoutbuzz Mar 20, 2014 2:19 PM Flag

    Shipping stalled at Vancouver BC

    Exports are stalled out of the Canadian port city due to a dispute with truckers. Could this be affecting the lumber futures prices? They have dropped hard (~10%) since early March.

    @@@@@Log, lumber and other forest products shippers are stymied as 1,800 Canadian truckers - both union and non-union - escalate a strike at the Port of Vancouver, where forestry products make up as much as 80% of the volume. The Unifor-Vancouver Container Truckers Association, representing about 400 strikers, says truckers complain they are not compensated adequately for long waits to load and unload. The strike, which also is impacting rail lines delivering to the port, is costing $885 million a day. For Canada, it is a national concern - but the Port of Vancouver is managed by local authorities.

28.85+0.30(+1.05%)Oct 9 4:03 PMEDT