NEWS

Decorative Hardwoods Association (formerly HPVA) eNews Volume XVII, Issue XVII: DHA Promotes Biophilic Benefits Of Decorative Hardwoods | EPA Finalizes Formaldehyde Assessment | Court Rules Against EPA | New EUDR Update & Market Report 

Which profession reports the highest levels of happiness and lowest levels of stress?

Answer: You guessed it: forestry and logging professionals.

PHOTO © PRESTON KERES USFS

A French energy company, TotalEnergies, will invest $100 million in what will be the largest-ever purchase of carbon offsets tied to U.S. timberlands. The company states that this will enhance sustainable forest management practices across 740,000 acres in 10 states. TotalEnergies signed with Anew Climate and Aurora Sustainable Lands. The latter is a U.S. carbon-stewardship company that has already cut timber harvests on its properties by more than 50%.

PHOTO © USFS

The now-bankrupt LL Flooring has agreed to sell its assets to F9 Investments, a company run by Thomas Sullivan, who founded LL Flooring as Lumber Liquidators 30 years ago. F9 will acquire 219 of LL Flooring’s 430 stores, the stores' inventory, and the inventory in the company's massive distribution center in Virginia.

Container freight rates swung wildly between January 2023 and August 2024. Rates fell to a low of $1,340 per 40-foot container in October 2023. That rate has since soared, reaching a record high of $5,900 in July.