A cargo ship operating from the Russian timber company Terneyles dumped a portion of its cargo overboard and it then began washing up on shore and clogging the entrance to the harbor.

A third-generation, family-owned lumber yard in Seneca Falls, N.Y., was destroyed by fire on Sunday, July 3.  Fire departments from four communities responded just after 5:30 p.m. Sunday to find flames shooting from a Ferrara Lumber location in Senaca Falls. The store supplied lumber, cabinetry, and hardware to the region.

Lumber prices have declined in nine of the last 11 weeks comes as mortgage demand for homes falls to its lowest level in 22 years. That weakness has been driven by a swift rise in mortgage rates, which surged above 5% for earlier this year and haven't budged lower.

After reaching board feet prices that reached greater than $1,400 in March, lumber prices have corrected.

There is a right way to haul lumber, and then there was the way a Texas driver hauled lumber. In this video, a wood-hauling car smashed its way through a Texas roadway and fled from the chaos leaving wood parts flying.

SAINT CLOUD, Minn. -- Customers of Simonson Lumber have been warned that on or about April 9, 2022, the company was hacked. Files were stolen in an attempt to extort the company. The company said that there was unauthorized access into the Company's IT environment which triggered its security protocols. Although Simonson's investigation efforts remain ongoing, it is possible that the information pertaining to some of the company's employees and consumers may have been affected.

STOCKHOLM -- The war in Ukraine and the sanctions by Western countries has led to a "dramatic reduction in exports of forest products from Russia, Belarus, and Ukraine. The total exports from these three countries were valued collectively at $17 billion in 2021."

Rising interest rates and inflation cool down the housing market, which has caused lumber prices to fall.

The Forest Products Commission in Australia and the Switzerland-based Programme for the Endorsement of Forest Certification (PEFC) has classified timber from Russia and Belarus as ‘conflict timber’ and therefore cannot be used in PEFC-certified products. 

Russia’s invasion of Ukraine is likely to impact global trade in the coming months, and it is likely that many investments projects in the forest products manufacturing sector in Russia will grind to a halt as the growing list of sanctions and financial transaction restrictions take effect.