MATERIALS & COMMODITIES

Torsboda, Sweden - Volvo Construction Equipment (Volvo CE) is the first company in the world to conduct a remote-controlled high-lift wheel loader trial over a 5G network in a complex forestry application – with the goal of developing safer, more productive timber processes and examining the technology's potential as an enabler for automation. …

Washington, D.C. - One thing is certain that we learned from the pandemic. Do not rely on outside sources. Whether by accident or not we have seen an explosion in lumber mill and timberland investments this year from both Canadian and U.S. Companies. This investment continues to explode. We can not keep up with all the M&A and new Mills being…

Bras, Sweeden - Volvo Group unveiled the world's first vehicle constructed entirely of fossil-free steel from SSAB – manufactured at Volvo Construction Equipment's Bras, Sweden, facility. During today's green steel collaboration event, it was announced that additional vehicles will be introduced in 2022 as part of a series of concept vehicles and…

New York, New York - Mass Timber Advances, Basement apartments get overhaul. The New York City Council approved changes to the city's building code on Thursday, October 7, allowing for the construction of cross-laminated timber (CLT) structures throughout the five boroughs (up to 85 feet). This may not seem like a significant change in a city…

United States Of America - A BYLT:™ survey of asphalt plants located in Boston, Rhode Island, Connecticut and California reported that plants have a steady supply and prices ranged from $80-$98 per ton of HMA. Despite increases in raw materials and port bottlenecks on all coasts asphalt prices have remained steady for the end user contractor. …

United States Of America - Lumber prices on CME Futures board were down 4% today after being 70% higher then its August low. On Tuesday evening, US stock futures drifted lower following a lackluster session and as investors awaited key earnings and inflation data. Dow futures fell 60 points, while S&P 500 and Nasdaq 100 futures fell 0.22…

Washington DC - The Payroll Report from the BLS was far from optimistic across the board undermining the theory if unemployment benefits were cut payrolls would rise. Although the Nation as a whole saw a report that was far less then predicted the AEC related segments show promise. Segments in the construction related indicators compiled by…

United State of America - Over the last year lumber prices have been the most volatile construction material of all time. The effects of lumber have caused problems never seen before by a whole generation of builders. Demand will continue to grow consistently as America attempts to fill the 6 million homes needed for Americans. Until wood is…

Pittsburgh, Pennsylvania — An exploratory site selection process for the construction of a new state-of-the-art mini mill in the United States was announced today by United States Steel Corporation (NYSE: X), which is a part of the company's ongoing transition to its Best for All℠ strategy. It has been authorized by the United States Steel…