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Digital Supply Chain Trucking

The Power of a Digital Supply Chain for Building Materials

| Digital Supply Chain, Product Features | No Comments
What is a Digital Supply Chain and why is it necessary to stay competitive? In order to understand a digital supply chain, we need to first speak of what it would replace or improve upon which is an Analog Supply Chain. An Analog Supply Chain is one where tasks and information are moved in non-digital ways like a paper invoice in the mail, or manually typing in inventory counts. For the building materials industry, the current state is still largely analog, being supported by some automation and digital tools, but…
New Suburban Home Sales

Single Family Home Permits Surge To Highest Numbers In Over A Decade

| Existing Home Sales, Housing Starts | No Comments
Permits for single-family homes saw their highest levels since 2007 sparking even more demand for building materials and keeping the housing markets healthy for the time being. Shortages in real estate and availability of homes with the amenities families have now prioritized are at a premium. Living spaces with purpose; home offices, areas for homeschooling, outdoor recreation areas, and private get-away spaces are driving huge demands for new homes, renovations, and relocations. With many people moving or strongly considering a suburban life away from COVID-19 hot spots and densely populated…
US Jobless Claims

Still Well Above 800,000 Weekly Jobless Claims Despite Strong Year To Date for Lumber

| Lumber Market | No Comments
First-time claims for unemployment benefits totaled 840,000 last week, higher than the 825,000 Wall Street estimate. Claims have remained above 800,000 every week since mid-March. There are still 25.5 million workers collecting some form of benefits, more than half of whom fall under special benefits set up during the pandemic. Claims have been above 800,000 every week since the World Health Organization declared the coronavirus a pandemic, leading to the shutdown of the U.S. economy. However, continuing claims again fell sharply, dropping by just over 1 million to 10.98 million, according to…
Hurricane Laura Forestry Damages

LSU’s AgCenter: Fallout from Hurricane Laura caused $1.6B in agriculture, forestry losses

| Lumber Market | No Comments
A conservative $1.1 billion in damage to the Louisiana timber industry, the LSU AgCenter report states. Devastating to the local agriculture industry for months to come. Hurricane Laura was a deadly and damaging Category 4 Atlantic hurricane that tied the 1856 Last Island hurricane as the strongest hurricane on record to make landfall in the U.S. state of Louisiana, as measured by maximum sustained winds. 757,538 acres of timber from southwest to northeast Louisiana were in the path of the storm with substantial damage. With timber costs as high as…
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