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ARA Foundation under new leadership
Doron Broadfoot, president of The Rent-It Store in Saskatoon, Saskatchewan, took over as chair for the board of trustees of the American Rental Association Foundation.
The Moline, Ill.-based ARA Foundation also named a new vice chair. Catherine DeBusk, VP of Party People Rentals in Phoenix will fill that post. Two new trustees joined the Foundation board: Andy Cooke, VP Cooke Rentals in North Carolina, and Dave Garton, sales and marketing manager for John Deere, Moline, Ill.
The ARA Foundation is a philanthropic organization supporting the equipment rental industry since 1976.
Fifth-generation Jensen named executive VP
Jensen Distribution Services has announced the appointment of Chris Jensen as its new executive VP and chief business development officer, effective March 1. Jensen, who started with the company in 2001, represents the fifth generation of the Jensen family that has owned and operated the business since its inception in 1883.
Jensen will be responsible for all of the sales divisions within the organization, including the national accounts division, the independent retailer division, and the e-commerce division. He will report to company president Doug Miller. Mike Jensen will remain as CEO and chairman.
Based in Spokane, Wash., Jensen Distribution Services is a wholesale distributor that services over 2,000 retailers in 11 western states.
Market Recap: RISI Crow’s Construction Materials Cost Index
A price index of lumber and panels used in actual construction for Jan. 21, 2011
*Western – regional species perimeter foundation; Southern – regional species slab construction.
Crow’s Market Recap — A condensed recap of the market conditions for the major North American softwood lumber and panel products as reported in Crow’s Weekly Market Report.
LUMBER: SPF mills in the West continued to quote above the $300 for 2×4 #2&Btr in the West. Wider widths dropped anywhere from $2 to $5. Mills in the East called on customers in an effort to move production and lowered prices $5 to $8 to achieve a sliver of success. Slower Southern Pine lumber sales forced West zone producers to adjust prices lower to meet buyers’ expectations. Discounting in the East and Central zones was rare. Helping stabilize Coastal species lumber prices was a mild run on buying in the middle of the week. Green Doug Fir prices were weighed down early by limited buying activity, dropping by close to $10 in some instances. Prices of inland Hem-Fir 2×4 through 2×8 #2&Btr continue to gravitate to the $325 mark. The wide widths are less subject to change. Fir-Larch prices were also essentially unchanged. Ponderosa Pine Mldg&Btr is variously reported at $1,225 to $1,245 for 5/4 stock, and 6/4 ranges from $1,245 to $1,270. Last week, #2&Btr moved up sharply, but it is holding those numbers now. Selects remain unchanged and generally quiet. In the Common group, #2 is termed better than #3. Radiata Pine Mldg&Btr and Shop prices are unchanged, but the lack of available Shop is notable. Idaho White Pine boards are very thinly available, but those who have them are holding their prices at recent levels. Eastern White Pine producers have faced a winter of true discontent, the market being snowbound and both residential and DIY demand bottled up. Several U.S. regions in which Western Red Cedar is used were hamstrung by winter weather. Some significant orders were taken by a few mills at prices below market levels, but buying overall was limited.
PANELS: Weather in the Northeast diminished Western Fir plywood sales, while buyers in the West purchased very little. Erosion of order files forced producers to aggressively seek sales, at times $20 below previous levels. Most Southern Pine plywood prices at mills were flat, although some higher quotes were achieved early on thicker rated sheathing panels. Buyers with immediate needs turned to wholesalers for coverage. In most regions of the continent, OSB prices are simply on hold, held captive by inclement weather and purchasing indifference. As a result of the slowness of buying at the mill level, and the fact that snow covered most of the consuming area, Canadian plywood mills have held their prices unchanged. Overall demand for both particleboard and MDF "is fairly weak everywhere," according to sources.
Source: RISI’s Crow’s Weekly Market Report