Around the Industry - News & Events

WestRock Completes Acquisition of Five Facilities from U.S. Corrugated Holdings, Inc.

WestRock Completes Acquisition of Five Facilities from U.S. Corrugated Holdings, Inc.

PRESS RELEASE WestRock Company today announced that it has completed the acquisition of certain operations of U.S. Corrugated, a large independent manufacturer of corrugated products for packaging and displays. WestRock acquired five corrugated converting facilities in Ohio, Pennsylvania, and Louisiana from U.S. Corrugated, through which it provides a comprehensive suite of products and services to […]

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Weyerhaeuser to sell its timberlands and manufacturing business in Uruguay

Weyerhaeuser to sell its timberlands and manufacturing business in Uruguay

PRESS RELEASE SEATTLE, June 5, 2017 — Weyerhaeuser Company (NYSE: WY) today announced an agreement to sell its timberlands and manufacturing business in Uruguay to a consortium led by BTG Pactual’s Timberland Investment Group (TIG), including other long-term institutional investors, for $402.5 million in cash. The company anticipates it will incur minimal taxes in conjunction with […]

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Mark Kowlzan, CEO of PCA Named RISI North American CEO of the Year

Mark Kowlzan, CEO of PCA Named RISI North American CEO of the Year

PRESS RELEASE RISI, the leading information provider for the global forest products industry, today announced that Mark Kowlzan, Chairman and Chief Executive Officer of Packaging Corporation of America (PCA), has been named the 2017 North American CEO of the Year. The award will be presented to Mr. Kowlzan at the North American Conference on October […]

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Port Everglades Gets Go-Ahead for Dock Expansion

Port Everglades Gets Go-Ahead for Dock Expansion

On Tuesday, Port Everglades received unanimous approval from Broward County’s board of commissioners for a $438 million project to add new berths and install crane rails for new Super Post-Panamax cranes. The project is the most expensive capital improvement agreement awarded in the port’s history. Currently, Port Everglades is berth-constrained and additional dock space for cargo […]

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North Carolina Ports Appoints New COO

North Carolina Ports Appoints New COO

North Carolina Ports is pleased to announce the arrival of Brian E. Clark as its new chief operating officer. Clark will oversee terminal operations and the execution of the authority’s infrastructure investment plan. “We have already established a great on-terminal experience for our customers at North Carolina Ports,” said executive director Paul J. Cozza. “As we continue to […]

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Customs Strike Hits Chilean Ports and Border Crossings

Customs Strike Hits Chilean Ports and Border Crossings

An indefinite strike of Chilean customs officials has paralyzed the nation’s commerce with neighboring states, and its effect on port cargo volumes remains uncertain.  Customs union Anfach (Asociación Nacional de Funcionarios de Aduanas de Chile) alleges that the government has not complied with an earlier collective bargaining agreement, and it broke off negotiations early this week when officials turned […]

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Hapag-Lloyd and UASC Merger is Complete

Hapag-Lloyd and UASC Merger is Complete

On Wednesday, Hapag-Lloyd completed its long-awaited merger with UASC and turned its attention to integrating the world’s twelfth-largest container line into its business. The merger is expected to reduce overhead by about $430 million annually, and Hapag-Lloyd says that it will relieve the need to invest in newbuildings for several years. The combined entity will control […]

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Shippers Make Case for U.S. to Remain in the Paris Agreement

Shippers Make Case for U.S. to Remain in the Paris Agreement

While President Trump and Administration officials have not made their intentions clear in regards to the United States remaining in the Paris Agreement, a large faction of well-known companies have made it very clear they want to remain part of it. The Paris Agreement by the United Nations Framework Convention on Climate Change (UNFCC) requires […]

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