Western Pallet Magazine July 2019 | Page 28

News Briefs Legal action against yard’s owners could be coming following pallet fire Fire officials in Springfield, Ohio are revisiting a pallet yard to review code compliance after putting out a large blaze. Read more. Overfunding: Pallite Surpasses £1 Million Funding Target on Crowdcube Just a couple of weeks after launching its equity crowdfunding campaign on Crowdcube, PALLITE, a UK-based designer and manufacturer of pallets and shipping crates, has successfully secured its initial £1 million funding target from more than 500 investors. Read more. Coming into Focus: Hardwood Use for Pallets Trending Down Given higher pricing and lower availability, research shows a decrease in the amount of hardwood used in U.S. pallet production. Read more. Fed Says U.S. Economy Trundles Steadily Along, Outlook Positive The U.S. economy expanded at a modest pace with job gains slowing somewhat and inflation remaining stable or slightly weaker, a Federal Reserve survey showed. Read more. U.S. Lumber Industry Sues to Hike Duties on Canadian Imports A group of U.S. lumber producers is suing for higher anti-subsidy duties on imports of Canadian softwood lumber. Some Good, Some Bad: Wood Residuals Research Identifies Trends Reducing waste and finding useful markets for wood residuals and waste byproducts is as important as ever. The U.S. forest products market has undergone a significant transformation since The Great Recession in 2008. Read more. 28 WESTERN PALLET