A significant warning sign for Canadian and united state flatbed truckers is emerging from the decline in lumber prices. This decrease is bring about significant production cuts by sawyers. Interfor, the third-largest lumber manufacturer in The United States and Canada, introduced on Thursday that it prepares to lower its output by 12 %. This decrease, totaling roughly 145 million board feet by year-end, or the matching of 12, 000 to 14, 000 flatbed truckloads. This will entail cuts across its sawmills in the U.S. South, Pacific Northwest, British Columbia, and eastern Canada. The company will attain this by minimizing hours, reconfiguring changes, and expanding vacation breaks and upkeep shutdowns.
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Domtar, a significant manufacturer, is applying significant operational modifications, including indefinite downtime at its Glenwood, Ark., sawmill, uncertain idling of an additional in Maniwaki, Quebec, and the removal of a change at its Côte-Nord center in Quebec. Market analysts and traders expect further production cuts will certainly be needed to resolve the existing wood surplus. This may be a workable problem, as raised obligations have elevated Canadian sawmills’ break-even costs at once of lowering demand.
Load-to-Truck Ratio
Recently saw one more rise in flatbed tons article volumes, up 25 % in the last month complying with recently’s 17 % increase. Service providers tools blog posts went down 6 % causing the flatbed load-to-truck ratio held stable at 26 68
Spot prices
Last week, flatbed prices rose to $ 2 05 per mile, a rise of simply over a cent. This price is $0. 11 higher than last year, $0. 16 greater than in 2023, and keeps a $0. 04 per mile lead over 2017– a year that saw a really solid industrial economic situation for flatbed carriers. We are monitoring this pattern very closely, although it might just be a coincidence.
