Container rates spiked, while the Commercial/Contract Furniture Index (+2.3%) outperformed the broader market indexes (all three up +1.6%) and our Mass Retailers Index (+0.6%) last week. Residential Manufacturers & Suppliers (-3.8%) and Home Goods Retailers (-2.8%) trailed.

In a $520 million deal, MasterBrand, the nation's largest cabinet company, has acquired Supreme Cabinetry Brands. MasterBrand said the deal is expected to bring annual cost savings of $28 million in procurement and production synergies, enhance its portfolio, and expand its dealer network and diversity of channel distribution.

SEATTLE -- Weyerhaeuser Company reported first quarter net earnings of $114 million on net sales of $1.8 billion.

MONTREAL -- Stella-Jones Inc. reported first-quarter sales of $775 million, an increase of 9% compared to Q1 2023. First quarter sales included a contribution of $14 million from the recently acquired Baldwin Pole and Piling Company.

Lumber Marketplace (LM), a platform for buying and selling wholesale hardwood lumber, has launched its online marketplace that the company said was designed to modernize the traditional lumber trade. With an extensive inventory and advanced functionalities, LM is set to be the largest source of hardwood lumber in North America.

The American Home Furnishings Alliance (AHFA) joined with the International Wood Products Association (IWPA) and the National Retail Federation (NRF) last week to submit comments on the U.S. Environmental Protection Agency (EPA) 2024 draft risk evaluation for formaldehyde.

Bainbridge Manufacturing, a specialist in the design and manufacture of plastic-injected hardware and components used in cabinets, closets and furniture, will exhibit at Wood Pro Expo Lancaster, Oct. 24-25 at the Spooky Nook Sports Center, Lancaster County, Pa.

MISSOULA, Mont. — the USDA Forest Service is investing more than $5 million in eight proposals to increase the capacity of Montana-based wood processing facilities and expand markets for wood products.

PORTLAND, Ore. —Timberlab Holdings Inc., owner of Timberlab Inc., a national provider of mass timber systems, and Diversified Wood Resources, LLC, doing business as American Laminators, an Oregon-based glue-laminated timber (glulam) manufacturer, have entered into an agreement for Timberlab to acquire the assets of American Laminators and will continue operating their two Oregon-based facilities in Drain and Swisshome beginning June 10, 2024.

Before integrating automated technology, Four Woods Laminating utilized an arm saw and hand-sprayed components. Now, equipped with a Homag panel saw and Makor spray lines, they operate more efficiently and production numbers have increased significantly.