It's long been the backbone of construction, but lumber goes beyond its practical uses. It also serves as a key market indicator and an important one for freight particularly. Joining us on the latest InTek Freight & Logistics: The Podcast to discuss its vital role is Kyle Little, COO of Sherwood Lumber.
Kyle shares why lumber reflects economic conditions, where its pricing stands today and the very familiar (for freight watchers) cycle it's been through over the past few years. He tells us how Sherwood moves its products and the importance of a functioning supply chain.
We discuss the connection between lumber and home building - and renovations - and he offers his thoughts on the Fed and how interest rates may affect things going forward. What's the outlook? Kyle sees some positive signs over the next several months but also sees pricing at a current low. Follow @lumberlittle on X/Twitter for more from Kyle, and visit www.sherwoodlumber.com for more on the business.
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07/11/24 • 40 min
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