U.S. / China Trade Deal Includes Provisions for Hardwood
“Wood Packaging stands above the rest. According to a study by the U.S. Forest Service in conjunction with Virginia Tech, 95% of wood pallets get recycled at the end of their life span and are turned into mulch, bio-fuel, animal bedding and other products. Wood pallets are green in more way than one,” Pallet Industry…
“After months of speculation about a forthcoming phase-one trade deal between the United States and China, both governments have formalized a limited trade agreement. According to the Hardwood Federation, this move “signals a truce in the nearly two year trade war” and “sets” the stage for a broader agreement down the road.” – Pallet Profile Weekly
This is a strong and positive sign for the economy and the hardwood market. With these positive signs it could potentially cause hardwood availability issues and many mills scaled back to better manage their inventory. Through the ups and downs of the economy Riverview has always made the commitment to their customers to meet their needs.
