[/caption]As if the mill shutdowns and curtailments weren't enough, the strike by the union representing locomotive engineers at the CN railway gives lumber futures another boost, and will decrease available wood in the supply chain. January lumber closed up $8.50 per m $234.80 after trading at the $10.00 limit at $236.30 early in Tuesday's session. Lumber and building material supply in the Atlanta - Athens Georgia area is already thin, with many items actually scarce.
Monday, November 30, 2009
Lumber Futures Up Further by Possible Rail Strike on CN
Train engineers and conductors walked off the job at the Canadian National Railway on Saturday, after talks with the Teamster's Union broke down. CN was using non-union staff and management to continue services.[caption id="attachment_1446" align="aligncenter" width="300" caption="Lumber Prices Bounce Off Bottom in November"][/caption]As if the mill shutdowns and curtailments weren't enough, the strike by the union representing locomotive engineers at the CN railway gives lumber futures another boost, and will decrease available wood in the supply chain. January lumber closed up $8.50 per m $234.80 after trading at the $10.00 limit at $236.30 early in Tuesday's session. Lumber and building material supply in the Atlanta - Athens Georgia area is already thin, with many items actually scarce.
[/caption]As if the mill shutdowns and curtailments weren't enough, the strike by the union representing locomotive engineers at the CN railway gives lumber futures another boost, and will decrease available wood in the supply chain. January lumber closed up $8.50 per m $234.80 after trading at the $10.00 limit at $236.30 early in Tuesday's session. Lumber and building material supply in the Atlanta - Athens Georgia area is already thin, with many items actually scarce.
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