The approval from the National Highway Traffic Safety Administration marks the first time a purpose-built autonomous, electric truck without a driver on board receives public road permission.
International Trade
Average price of softwood lumber increased 16%.
The import volume fell 15.2% to 1,602.8 thousand tons.
In late 2021, Iida acquired a 75% stake in Russian lumber producer RFP Group for $525 million.
Currently, company continue to make only a minimum amount of sales sufficient to generate enough local currency to pay employees in Russia.
The export volume declined 6.0% to 1,997.4 thousand m3.
The export volume grew up 1.6% to 135.1 thousand m3.
The import volume soared 59.0% to 28.4 thousand tons.
The management of Art-Market considers the CIS countries as the most comfortable in terms of logistics.
Average price of lumber increased 16.4%.
The export volume jumped 16% to 1,245.1 thousand m3.
U.S. packaging papers & specialty packaging shipments in May 2022 increased 1% compared to May 2021. They were up 1% when compared to the same 5 months of 2021.
Poddar Global Private Limited has managed to bring a chartered break bulk vessel M/V LADA arrived at Mumbai Port from Russia carrying standard newsprint. It is the first time after 25 years Russia has loaded first breakbulk vessel of newsprint and India is also getting for first time newsprint by break bulk after 25 ye...
In May, Florida Сourt’s permanent injunction suspended sale of Brazilian plywood in the U.S.
After seven consecutive monthly increases, sales of wood products declined, mainly due to lower prices.
The import volume added 0.8% to 659 thousand tons.
From July 10, the supply of pellets from Russia to Europe, which in 2021 accounted for 80% of Russian exports of these products, will completely stop. Last year, the country's income from the export of pellets amounted to $320 million.
The export volume fell 11.3% to 281.5 thousand tons.
The export volume soared 18.6% to 121.4 thousand tons.
In the 1Q 2022, Finland's wood imports totalled 1.87 million m3 and decreased by 40% from same period previous year. Of imported wood 45% was pulpwood, 41% chips and 3% logs. Compared to the same period previous year the imports of pulpwood decreased by 48%.