The Rainforest Alliance has reached a settlement agreement with Resolute Forest Products concerning draft audit reports for the Black Spruce Dog River Matawin Forests and Caribou Forest operations in Ontario, Canada.
Criticism of the Sustainable Forestry Initiative (SFI) standards come after the release of the group's latest updates following its normal 5-year review of emerging issues and new scientific findings.
The Canadian government has imposed fines on Canadian National Rail and Canadian Pacific Railway Ltd. for failing to move a minimum amount of grain in compliance with national legislation.
Timber management firm CatchMark Timber Trust Inc. will add 55,671 acres of prime timberlands to its portfolio through two separate transactions totaling $106 million.
New Zealand leads the world as the largest exporter of softwood logs, counting for more than 20 percent of global trade, as exports have doubled to approximately 16 million cubic meters, according to a report by Wood Resources International.
Rayonier Inc. will separate its forestry and real estate holdings from its chemicals business, to form two independent, publicly traded companies. The separation of Rayonier's (NYSE: RYN) businesses is expected to be completed in mid-2014.