Buying & Selling Softwood Lumber and Panels

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Buying & Selling Softwood Lumber and Panels by Mind Map: Buying & Selling Softwood Lumber and Panels

1. Maximizing Flatcar Lumber Loadings

2. The 20 Key Questions of Lumber Trading

2.1. Characteristics of Lumber

2.1.1. What is the species?

2.1.1.1. Unique Characteristics

2.1.1.1.1. strength

2.1.1.1.2. texture

2.1.1.1.3. knot structure

2.1.1.1.4. appearance

2.1.1.1.5. weatherability

2.1.2. What is the dimension?

2.1.2.1. nominal description of T & W

2.1.2.2. differs from actual measurements

2.1.3. What is the grade?

2.1.3.1. grades are uniform standards

2.1.3.1.1. most lumber from sawmill is given a grade

2.1.3.1.2. natural characteristics

2.1.3.1.3. added characteristics

2.1.3.2. Grading Agencies

2.1.3.3. Grading Criteria, by thickness

2.1.3.4. boards

2.1.3.5. factory

2.1.3.6. dimension and timbers

2.1.4. What is the moisture content?

2.1.4.1. what is moisture content?

2.1.4.2. how is lumber dried?

2.1.4.3. Green (unseasoned)

2.1.4.4. Dry

2.1.4.4.1. Kiln Dried

2.1.4.4.2. Air Dried

2.1.4.5. Moisture Content 15 (MC15)

2.1.4.6. Partially Air Dried (PAD)

2.1.4.7. Kiln Wet

2.1.4.8. Whats Dry

2.1.4.9. Whats Green

2.1.4.10. Heat Treatment

2.1.5. What is the surfacing?

2.1.5.1. S2S

2.1.5.2. Special Planer Work

2.1.5.3. Resawing

2.1.5.4. Ripping

2.1.5.5. Pattern Work

2.1.5.6. Rerun Charges

2.1.5.7. Hit and Miss

2.1.5.8. Saw-Sizing

2.1.5.9. Rough Lumber

2.1.5.10. Full Sawn

2.1.5.11. Standard Sawn

2.1.6. Are the edges eased?

2.1.6.1. Radius edge decking (RED)

2.1.7. What is the end trimming?

2.1.7.1. Double-end Trimmed (DET)

2.1.7.2. Precision end Trimmed (PET)

2.1.7.3. Pencil trimming

2.1.8. Is the lumber grade stamped?

2.1.8.1. what type of lumber is grade stamped?

2.2. Packaging of Lumber

2.2.1. How many pieces per unit?

2.2.1.1. Unit Size and Marketing

2.2.1.2. Half-packs

2.2.1.3. Dense Packing

2.2.1.4. Minor Bundling

2.2.2. How many lengths per unit?

2.2.2.1. what types of lumber are pulled to length?

2.2.2.2. is all lumber produced in the same lengths?

2.2.3. how is the lumber protected?

2.2.3.1. Paper (or plastic) Wrapping

2.2.3.2. Paper Caps

2.2.3.3. Poly Under Top Tier (PUTT)

2.2.3.4. Chemical Protection

2.2.3.5. What types of lumber are wrapped?

2.2.3.6. Open Units

2.3. Shipping

2.3.1. What is the tally?

2.3.1.1. types of lumber in a tally

2.3.1.2. formula tallies

2.3.1.3. negotiating a tally

2.3.1.4. tally pricing

2.3.2. How much does the lumber weigh?

2.3.3. What is the method of shipment?

2.3.3.1. flatbed trucks (flatbeds

2.3.3.2. truck vans

2.3.3.3. piggyback vans/containers

2.3.3.4. boxcars

2.3.3.5. flatcars

2.3.3.6. waterborne transport

2.3.4. What is the shipment time?

2.3.4.1. buying from mill

2.3.4.2. buying from reload

2.3.5. What is the delivery address?

2.3.5.1. rail shipments

2.3.5.2. trucks and vans

2.4. Pricing & Terms of Payment

2.4.1. What is the price?

2.4.1.1. taxes

2.4.2. What is the credit status?

2.4.2.1. Cash in advance (CIA)

2.4.2.2. invoicing a parent company

2.4.2.3. Letter of Credit (LC)

2.4.2.4. Personal Guarantee

2.4.2.5. Cash on Delivery (COD)

2.4.2.6. Block Orders

2.4.3. What are the terms of payment?

2.4.3.1. 1% CD

2.4.3.2. ADF:

2.4.3.3. 10 days ADI

2.4.3.4. Net 15 days ADI

2.4.3.5. Negotiating the terms of payment

2.4.4. What is the customer's order number?

2.4.4.1. confirmation #

3. The U.S/Canadian Softwood Lumber Agreement

4. The Manufacturing Process

4.1. Lumber

4.1.1. Overview

4.1.2. Step 1: In the woods

4.1.3. Step 2: The Log Deck

4.1.4. Step 3: Staging

4.1.5. Step 4: Debarking

4.1.6. Step 5: Bucking

4.1.7. Step 6: Scanning

4.1.8. Step 7: To the headrig

4.1.9. Step 8: Gang saws and Edgers

4.1.10. Step 9: Green Chain

4.1.11. Step 10: Stickering

4.1.12. Step 11: To the kilns

4.1.13. Step 12: To the Planer

4.1.14. Step 13: Grading

4.1.15. Step 14: End Trimming

4.1.16. Step 15: Sorting

4.1.17. Step 16: Finishing touches

4.1.18. Step 17: Unitizing

4.2. Plywood

4.2.1. Overview

4.2.2. Step 1: The Log Deck

4.2.3. Step 2: Debarking

4.2.4. Step 3: Bucking

4.2.5. Step 4: Conditioning

4.2.6. Step 5: Peeling

4.2.7. Step 6: Clipping

4.2.8. Step 7: Drying

4.2.9. Step 8: Grading

4.2.10. Step 9: Partial Sheets

4.2.11. Step 10: Gluing

4.2.12. Step 11: Lay-up

4.2.13. Step 12: To the press

4.2.14. Step 13: Trimming

4.2.15. Step 14: Unitizing

4.2.16. Step 15: Shipping

4.3. OSB

4.3.1. Overview

4.3.2. Step 1: The Log Deck

4.3.3. Step 2: Bucking

4.3.4. Step 3: Conditioning

4.3.5. Step 4: Debarking

4.3.6. Step 5: Stranding

4.3.7. Step 6: Drying

4.3.8. Step 7: Sorting

4.3.9. Step 8: The Glue

4.3.10. Step 9: The forming line

4.3.11. Step 10: To the presses

4.3.12. Step 11: Scanning

4.3.13. Step 12: Trimming

4.3.14. Step 13: Finishing Touches

4.3.15. Step 14: Unitizing

4.3.16. Step 15: Shipping

5. Calculating Tally Value

6. Shipping

6.1. Rail

6.1.1. Overview

6.1.1.1. Pros

6.1.1.2. Cons

6.1.1.3. Routing

6.1.1.4. Tariff Rates & Contract Rates

6.1.1.5. How to get a rate

6.1.1.6. Rail Equipment

6.1.2. Rail Rates

6.1.2.1. Weight-Based Rates

6.1.2.2. Per Charge Rates

6.1.2.3. Proportional Rates

6.1.2.4. Getting Rates & Routes

6.1.3. Notes

6.1.3.1. Shipping Unsold Lumber

6.2. Trucking

6.2.1. Overview

6.2.1.1. Pros

6.2.1.2. Cons

6.2.2. Rate Structure

6.2.2.1. $ / Loaded Mile

6.2.2.1.1. Know weight before

6.2.2.1.2. Know Miles before

6.2.2.2. $ / hundredweight

6.2.2.2.1. Minimum weight

6.2.2.2.2. Which rate to chose

6.2.3. Notes

6.2.3.1. Tarp Charges

6.2.3.2. Stopover Charges

6.2.3.3. Surcharges

6.2.3.4. Insurance

6.2.3.5. Authority

6.2.3.6. Deadhead Miles

6.2.3.7. Back hauls

6.3. Containers

6.3.1. Overview

6.3.1.1. Pros

6.3.1.2. Cons

6.3.2. Rate Structure

6.3.2.1. Other Services

6.3.2.1.1. Door-to-door

6.3.2.1.2. Ramp-to-door

6.3.2.1.3. Door-to-ramp

6.3.2.1.4. Ramp-to-ramp

6.3.3. Notes

6.3.3.1. Loading / Unloading

7. The 20 Key Questions of Panel Trading

7.1. Characteristics of Panel Trading

7.1.1. Structural or non-structural panels?

7.1.1.1. structural held to grade specs

7.1.1.2. non structural no performance guarentee

7.1.2. Plywood or OSB?

7.1.2.1. Plywood

7.1.2.1.1. OG Structural Panel

7.1.2.1.2. Layered Veneer

7.1.2.2. OSB

7.1.2.2.1. Lower cost

7.1.2.3. PS 1 and PS2

7.1.3. What is the durability?

7.1.3.1. moisture exposure

7.1.3.2. exterior rated panels

7.1.3.2.1. siding

7.1.3.2.2. marine plywood

7.1.3.2.3. concrete forming

7.1.3.3. exposure 1

7.1.3.3.1. direct moisture for short time

7.1.3.3.2. eventually covered

7.1.3.3.3. CDX

7.1.4. What is the species?

7.1.4.1. only applies to plywood

7.1.4.2. different species different strength ratings

7.1.4.3. all species tested

7.1.4.3.1. groups 1-5

7.1.4.3.2. group 1 strongest

7.1.4.3.3. group 5 lowest rank

7.1.5. What is the Grade?

7.1.5.1. plywood grades

7.1.5.1.1. veneer grades

7.1.5.1.2. durability and grade

7.1.5.1.3. grade summary

7.1.5.1.4. most common PS 1 plywood grades

7.1.5.2. OSB grades

7.1.5.2.1. Sheathing

7.1.5.2.2. Structural 1 Sheathing

7.1.5.2.3. Single Floor

7.1.6. What is the surfacing?

7.1.6.1. Sanding/Not Sanding

7.1.6.2. Texturing

7.1.7. What is the span rating?

7.1.7.1. recommended center-to-center spacing

7.1.8. What does the grade stamp say?

7.1.8.1. all plywood and osb marked

7.1.8.1.1. stamp from certifier

7.1.8.1.2. durability classification

7.1.8.1.3. panel grade

7.1.8.1.4. nominal thickness of panel

7.1.8.1.5. span rating

7.1.8.1.6. mill number

7.1.8.1.7. direction of the surface strand (OSB)

7.1.9. What is the size of the panel?

7.1.9.1. Width and Length

7.1.9.2. Thickness

7.1.10. Are there edge issues?

7.1.10.1. tongue and groove defect?

7.1.10.2. miscuts?

7.2. Packaging of Panels

7.2.1. How many pieces per unit?

7.2.1.1. Unit Sizes

7.2.2. How are the panels protected?

7.2.2.1. Paper Wrapped

7.2.2.2. Poly Wrapped

7.2.2.3. Van

7.3. Shipping

7.3.1. How much do the panels weigh?

7.3.1.1. crucial to shipping

7.3.2. What is the method of shipment?

7.3.2.1. Box cars

7.3.2.2. Flat Cars

7.3.2.3. Trucks/Containers/Vans

7.3.3. What is the shipment time?

7.3.3.1. see lumber questions

7.3.4. What is the delivery address?

7.3.4.1. see lumber questions

7.4. Pricing & Payment Terms

7.4.1. What is the price?

7.4.1.1. priced in $/msf

7.4.2. What is the credit status?

7.4.2.1. see lumber questions

7.4.3. What are the terms of payment?

7.4.3.1. see lumber questions

7.4.4. What is the customer's order number?

7.4.4.1. see lumber questions

8. The Business of Trading

8.1. A Day in the life

8.1.1. Who to buy from?

8.1.1.1. Industry Directories

8.1.1.2. Information from credit agencies

8.1.1.3. Commercial sellers of lists

8.1.1.4. Phone Books & Yellow Pages

8.1.1.5. Industry Associations

8.1.1.6. Grading Agency membership lists

8.1.1.7. Old accounts / suppliers

8.1.1.8. The Internet

8.1.2. Develop Accounts

8.1.2.1. Time

8.1.2.1.1. Key Starter

8.1.2.1.2. Account Registration

8.1.2.2. Willingness to learn

8.1.2.2.1. Weekly Pricing Reports

8.1.2.3. Patience

8.1.2.3.1. Chain of Command

8.1.2.3.2. Communication Channel

8.1.2.4. Practice

8.1.2.4.1. Cold Calls

8.2. Philosophy

8.2.1. People Business

8.2.1.1. No Paper Trail

8.2.1.1.1. Verbal Committments

8.2.1.2. High Volume

8.2.1.3. High Value

8.2.1.4. High Complexity

8.2.1.4.1. Product Variations

8.2.1.4.2. Volatility

8.2.1.4.3. Supply vs Demand

8.2.2. How Mills differentiate products

8.2.2.1. Grading Agencies created to standardize

8.2.2.1.1. still room to differentiate

8.2.2.1.2. minimum strength

8.2.2.1.3. physical characteristics

8.2.2.2. Unique Marketing Strategy

8.2.2.3. WHO is selling their products

8.2.2.4. Quality

8.2.2.4.1. Appearance

8.2.2.4.2. Packaging

8.2.3. Order-at-a-time, everyday business

8.2.4. Don't look back

8.2.5. Contract Business

8.3. Speculation & Risk

8.3.1. Manufacturers

8.3.1.1. Classes

8.3.1.1.1. treating plants

8.3.1.1.2. mills

8.3.1.1.3. remanufacturers

8.3.1.2. Activities

8.3.1.2.1. Raw goods to finished products

8.3.1.3. Speculation

8.3.1.3.1. order file

8.3.2. Reselling / Service Businesses

8.3.2.1. Primary Class

8.3.2.1.1. office wholesalers

8.3.2.1.2. Reload centers

8.3.2.1.3. co-ops

8.3.2.1.4. national/regional distribution

8.3.2.2. Activity

8.3.2.2.1. Buy large qtys

8.3.2.2.2. provide service

8.3.2.2.3. sell unaltered

8.3.2.3. Speculation

8.3.2.3.1. Back-to-Back Orders

8.3.2.3.2. Long Orders

8.3.2.3.3. Short Orders

8.3.3. Retailers / End Users

8.3.3.1. Classes

8.3.3.1.1. Retail Lumber Yards

8.3.3.1.2. Big Box Stores

8.3.3.1.3. Wood Products Producers

8.3.3.2. Activities

8.3.3.2.1. Lumber into wood product

8.3.3.2.2. Buy partial truck loads

8.3.3.2.3. sell in $/pc

8.3.3.3. Speculation

8.3.3.3.1. Inventory

8.4. Service Aspect

8.4.1. Marketing

8.4.2. Transportation

8.4.3. Credit

8.4.4. Claims

8.4.5. Speculation

8.5. Inventory Control

8.5.1. Just-In-Time Buying

8.5.2. Vendor Managed Inventory

8.5.3. Electronic Data Interface (EDI)

9. The Futures Market

9.1. Lumber Futures

9.2. What is a futures contract?

9.3. Timing of the Contract

9.4. Why Trade or follow futures market?

9.4.1. hedging

9.4.2. how is a hedge applied?

9.4.3. only 2x4?

9.4.4. the basis

9.4.5. convergence

9.4.6. other types of hedges

9.4.6.1. EFPs

9.5. Lumber options

9.5.1. opportunity not obligation

10. Special Market Sectors

10.1. Pressure-Treated Lumber

10.1.1. why pressure treated lumber?

10.1.2. types of preservative treatment

10.1.3. pressure treating process

10.1.4. retention levels

10.1.5. what does the treatment mark say

10.1.6. what does it cost?

10.2. Machine Stress-Rated Lumber

10.2.1. what is msr?

10.2.2. MSR Grades

10.3. Non-Panel Engineered Wood Products

10.3.1. Finger jointed wood products

10.3.1.1. what is the fingerjointing process?

10.3.2. Glue-Laminated Beams (Gluelams)

10.3.3. Wood I-Joists

10.3.4. Laminated Veneer Lumber (LVL)

10.3.5. Parallel Strand Lumber (PSL)

10.3.6. Laminated Strand Lumber (LSL)

10.4. International Markets

10.4.1. see regions

11. Resolving Claims

11.1. Overview

11.1.1. Who's Responsible?

11.1.2. Claim Filing limitations

11.2. What to do when you get a claim in 12 steps

11.2.1. Step 1: Settle claims as expeditiously as possible.

11.2.2. Step 2: Document clearly and continuously

11.2.3. Step 3: Be quiet and listen

11.2.4. Step 4: Verify its your load

11.2.5. Step 5: Take Charge of the situation

11.2.6. Step 6: Start your paper trail

11.2.7. Step 7: Make Sure the material is unloaded and stored under cover

11.2.8. Step 8: Make sure that the person on the phone has actually seen the problem

11.2.9. Step 9: Is this a grade claim or a dissatisfaction issue?

11.2.10. Step 10: Exchange evidence of the problem

11.2.11. Step 11: How serious in the problem

11.2.12. Step 12: ensure that partial payment will be made

11.3. Types of Claims

11.3.1. Transportation Claims

11.3.1.1. Rail Claims

11.3.1.1.1. what to do

11.3.1.2. Truck Claims

11.3.1.2.1. mark the bill of lading

11.3.1.2.2. what to do

11.3.2. General Grade and Manufacturing

11.3.2.1. lumber related

11.3.2.1.1. misgraded lumber

11.3.2.1.2. reinspection

11.3.2.1.3. mismanufactured lumber

11.3.2.2. Panel-related

11.3.2.2.1. misgraded panels

11.3.2.2.2. Procedure

11.3.2.2.3. results of reinspection

11.3.2.2.4. delamination reinspections

11.3.3. Moisture Content

11.3.3.1. Lumber related

11.3.3.1.1. what to do

11.3.3.2. Panel related

11.3.4. Tally Discrepancies and Shortages

11.3.4.1. tally claims

11.3.4.1.1. what to do

11.3.4.2. shortage claims

11.3.4.2.1. what to do

11.3.5. Shipment Time

11.3.5.1. distribution yard shipments

11.3.5.2. mill shipments

11.3.5.3. early shipments

11.3.5.4. late shipments

11.3.5.4.1. what to do

11.3.6. Market Claim

11.3.7. Complaints

12. North American Softwood Lumber and Panels

12.1. Overview

12.1.1. Softwood

12.1.1.1. Wood from Conifers

12.1.1.1.1. Evergreens

12.1.1.1.2. Gymnosperms

12.1.1.1.3. Common Species

12.1.2. Lumber

12.1.2.1. Sawn on all 4 sides

12.1.2.2. cut to some length

12.1.3. Board Foot (bf)

12.1.3.1. Standard Unit in NA

12.1.3.2. A board 1" thick x 12" wide x 12" long

12.1.3.3. BF = Thickness (in) x Width (in) x Length (ft) / 12

12.1.4. Thousand Board Feet (mbf)

12.1.4.1. Standard Wholesale Unit

12.1.4.2. MBF = 1000 BF

12.1.5. Nominal vs Actual Sizes

12.1.5.1. Nominal

12.1.5.1.1. Name or what its called

12.1.5.2. Actual

12.1.5.2.1. Actual dimensions

12.1.6. Structural Panels

12.1.6.1. Use case

12.1.6.1.1. width

12.1.6.1.2. wood-type properties

12.1.6.2. Manufactured to rigid specs

12.1.6.2.1. meet building codes

12.1.6.2.2. construction applications

12.1.6.3. Applications

12.1.6.3.1. Wall Sheathing

12.1.6.3.2. Roof Sheathing

12.1.6.3.3. Floor Sheathing

12.1.6.3.4. Siding

12.1.6.3.5. concrete forming

12.1.6.3.6. industrial crating

12.1.6.4. Common Types

12.1.6.4.1. Plywood

12.1.6.4.2. OSB

12.1.7. Square Foot (sf)

12.1.7.1. Standard Unit for Panels

12.1.7.2. square 12" wide x 12" long

12.1.7.3. thickness independent

12.1.8. Thousand Square Feet (msf)

12.1.8.1. Standard wholesale unit

12.1.8.2. MSF = 1000 SF

12.1.9. Trading

12.1.9.1. Buyers

12.1.9.2. Sellers

12.1.10. North America

12.1.10.1. Canada

12.1.10.2. United States

12.1.11. The Market

12.1.11.1. current levels

12.2. The Lumber & Panel Marketplace

12.2.1. Overview

12.2.1.1. Massive Market

12.2.1.1.1. Volume

12.2.1.1.2. Employment

12.2.1.2. Diversity

12.2.1.2.1. manufacturers

12.2.1.2.2. regions

12.2.1.2.3. species

12.2.1.3. "free market"

12.2.1.3.1. based 100% off supply & demand

12.2.1.3.2. each sale is unique

12.2.1.3.3. based off negotiated terms

12.2.1.4. Volatile

12.2.1.4.1. market index based on current price

12.2.1.4.2. supply & demand

12.2.2. Market Sectors

12.2.2.1. Overview

12.2.2.1.1. very little lumber & panels used in NA are purchased directly from mill to end user

12.2.2.1.2. products work way through chain

12.2.2.1.3. each link in chain performs specific task

12.2.2.2. NA Softwood Distribution Chain

12.2.2.2.1. Mill Sales Office

12.2.2.2.2. Remanufacturing Plants

12.2.2.2.3. National / Regional Office Wholesale Companies

12.2.2.2.4. National/Regional Manufacturing Companies

12.2.2.2.5. Co-Ops and Buying Groups

12.2.2.2.6. Regional Reload Centers

12.2.2.2.7. Large Metropolitan Wholesale Distribution Yards

12.2.2.2.8. Local Lumber Yards & Big Box Stores

12.2.2.2.9. Local Manufacturers, Building Contractors, DIY's

12.3. Lumber Producing Regions

12.3.1. Overview

12.3.1.1. softwoods grow everywhere in NA

12.3.1.2. species are region specific

12.3.1.3. not all species are commercially viable

12.3.1.4. 6 unique regions

12.3.2. The West Coast Region

12.3.2.1. area

12.3.2.1.1. western OR

12.3.2.1.2. western WA

12.3.2.1.3. west of cascade mountains

12.3.2.1.4. ~100 miles from coast

12.3.2.1.5. some of coastal CA

12.3.2.2. species

12.3.2.2.1. Douglas Fir

12.3.2.2.2. Western Red Cedar

12.3.2.2.3. Western Hemlock

12.3.2.2.4. Sitka Spruce

12.3.2.2.5. Redwood

12.3.3. The Inland Region

12.3.3.1. area

12.3.3.1.1. crest of cascade mountains to rockies

12.3.3.1.2. Eastern OR

12.3.3.1.3. Eastern Washington

12.3.3.1.4. ID

12.3.3.1.5. NV

12.3.3.1.6. MT

12.3.3.1.7. Black hills of SD

12.3.3.1.8. Rocky & Inland NC

12.3.3.1.9. rocky mtn of UT

12.3.3.1.10. Rocky MT CO

12.3.3.1.11. Rocky MT AZ

12.3.3.1.12. Rocky MT NM

12.3.3.1.13. inland CA

12.3.3.2. species

12.3.3.2.1. Pine

12.3.3.2.2. Spruce

12.3.3.2.3. True Fir

12.3.3.2.4. Douglas Fir

12.3.3.2.5. Western Larch

12.3.3.2.6. western red cedar

12.3.4. The South

12.3.4.1. area

12.3.4.1.1. westside

12.3.4.1.2. central

12.3.4.1.3. eastside

12.3.4.2. species

12.3.4.2.1. Southern Pine

12.3.4.2.2. Eastern white pine

12.3.5. The Midwest and Northeast Region

12.3.5.1. area

12.3.5.1.1. MN

12.3.5.1.2. WI

12.3.5.1.3. MI

12.3.5.1.4. VT

12.3.5.1.5. NH

12.3.5.1.6. ME

12.3.5.2. species

12.3.5.2.1. Spruce

12.3.5.2.2. Pine

12.3.5.2.3. True Fir

12.3.5.2.4. Hemlock

12.3.5.2.5. Tamarack

12.3.6. The Western Canadian Region

12.3.6.1. area

12.3.6.1.1. BC

12.3.6.1.2. AL

12.3.6.2. species

12.3.6.2.1. western red cedar

12.3.6.2.2. western hemlock

12.3.6.2.3. douglas fir

12.3.6.2.4. spruce

12.3.6.2.5. pine

12.3.6.2.6. true fir

12.3.7. The Eastern Canadian Region

12.3.7.1. area

12.3.7.1.1. east of AL

12.3.7.1.2. ON

12.3.7.1.3. QE

12.3.7.1.4. Maritimes

12.3.7.2. species

12.3.7.2.1. spruce

12.3.7.2.2. pine

12.3.7.2.3. true fir

12.3.8. Offshore

12.3.8.1. less than 5% of NA supply imported

12.3.8.2. Europe

12.3.8.3. Chile

12.3.8.4. New Zealand

12.3.8.5. Brazil

12.3.8.6. South East Asia

12.4. Structural Panel Producing Regions

12.4.1. Overview

12.4.1.1. same general region as lumber

12.4.1.2. different regions

12.4.2. Plywood Producing Regions

12.4.2.1. Overview

12.4.2.1.1. the west

12.4.2.1.2. the south

12.4.2.1.3. western Canada

12.4.2.2. The Western Plywood Region

12.4.2.2.1. area

12.4.2.2.2. species

12.4.2.3. The Southern Yellow Pine Plywood Region

12.4.2.3.1. area

12.4.2.3.2. species

12.4.2.4. The Canadian Softwood Plywood Region

12.4.2.4.1. area

12.4.2.4.2. species

12.4.3. OSB Producing Regions

12.4.3.1. Overview

12.4.3.1.1. utilize smaller, low value logs

12.4.3.1.2. variety of species

12.4.3.2. The North Central Region

12.4.3.2.1. WI

12.4.3.2.2. MI

12.4.3.2.3. MN

12.4.3.3. The Mid-Atlantic Region

12.4.3.3.1. VA

12.4.3.3.2. WV

12.4.3.3.3. NC

12.4.3.4. The Southeast Region

12.4.3.4.1. FL

12.4.3.4.2. GA

12.4.3.4.3. AL

12.4.3.4.4. MS

12.4.3.4.5. TN

12.4.3.4.6. SC

12.4.3.5. The Southwest Region

12.4.3.5.1. OK

12.4.3.5.2. AR

12.4.3.5.3. LA

12.4.3.5.4. TX

12.4.3.6. The Western Canadian Region

12.4.3.6.1. BC

12.4.3.6.2. AL

12.4.3.6.3. SK

12.4.3.6.4. MN

12.4.3.7. The Eastern Canadian Region

12.4.3.7.1. ON

12.4.3.7.2. QC

12.4.3.7.3. NB

13. Industry Organizations

13.1. American Forest and Paper Association

13.1.1. American Forest and Paper Association Home

13.1.2. American Forest & Paper Association

13.1.3. AF&PA (@ForestandPaper) | Twitter

13.1.4. American Forest and Paper Association

13.1.5. https://www.linkedin.com//company/american-forest-&-paper-association

13.2. American Institute of Timber Construction

13.2.1. American Institute Timber Construction – American Institute Timber Construction

13.3. American Wood Preservers' Association

13.3.1. AWPA

13.4. APA - The Engineered Wood Association

13.4.1. Home - APA – The Engineered Wood Association

13.4.2. APA – The Engineered Wood Association

13.4.3. APA Engineered Wood (@APAwood) | Twitter

13.4.4. https://www.linkedin.com/company/apa---the-engineered-wood-association/

13.4.5. APA – The Engineered Wood Association

13.5. California Redwood Association

13.5.1. Choose Redwood for Your Outdoor Living Spaces | California Redwood

13.6. Chicago mercantile exchange

13.6.1. CONTACT US | Canadian Softwood Inspection Agency Inc.

13.6.2. CME Group

13.6.3. CME Group (@CMEGroup) | Twitter

13.6.4. CME Group

13.6.5. https://www.linkedin.com/company/cme-group/

13.6.6. Login • Instagram

13.7. Canadian Softwood Inspection Agency

13.7.1. Canadian Softwood Inspection Agency Inc. | Macdonald Inspection Services

13.8. Canadian Plywood Association

13.8.1. Canadian Plywood Association

13.9. Council of Forest Industries

13.9.1. BC Council of Forest Industries (@COFI_INFO) | Twitter

13.9.2. https://www.linkedin.com/company/council-of-forest-industries/?originalSubdomain=ca

13.9.3. Home | Council of Forest Industries

13.10. MacDonald Inspection Service

13.11. Maritime Lumber Bureau

13.11.1. Maritime Lumber Bureau - Maritime Lumber Bureau

13.12. North American Building Material Dealers Association

13.12.1. NBMDA : North American Building Material Distribution Association

13.12.2. https://www.linkedin.com/company/north-american-building-material-distribution-association-nbmda-/

13.12.3. NBMDA Headquarters

13.12.4. North American Building Materials Distribution Association

13.12.5. Distributor Convention (@DistributorConv) | Twitter

13.13. National Lumber & Building Material Dealer Association

13.13.1. National Lumber & Building Material Dealers Association - NLBMDA

13.13.2. National Lumber and Building Material Dealers Association

13.13.3. National Lumber & Building Material Dealers Assoc. (@NLBMDA) | Twitter

13.13.4. https://www.linkedin.com/company/national-lumber-&-building-material-dealers-association-nlbmda-

13.14. North American Wholesale Lumber Association

13.14.1. NAWLA : North American Wholesale Lumber Association

13.14.2. NAWLA - North American Wholesale Lumber Association

13.14.3. NAWLA (@NAWLA1893) | Twitter

13.14.4. https://www.linkedin.com/company/nawla/

13.15. Northeastern Lumber Manufacturers Association

13.15.1. NeLMA (Northeastern Lumber Manufacturers Association)

13.15.2. NELMA (@iNELMA) | Twitter

13.15.3. NELMA Northeastern Lumber Manufacturers Association

13.15.4. NelmaTV

13.15.5. NELMA Northeastern Lumber Manufacturers Association

13.15.6. NELMA Northeastern Lumber Manufacturers Association

13.16. Ontario Lumber Manufacturers Association

13.16.1. OLMA – Ontario Lumber Manufacturers Agency – Trust in our roots. | Confiance en nos racines.

13.16.2. OLMA – Ontario Lumber Manufacturers Agency – Trust in our roots. | Confiance en nos racines.

13.16.3. OLMA (@olma_lumber) | Twitter

13.16.3.1. OLMA – Ontario Lumber Manufacturers Agency – Trust in our roots. | Confiance en nos racines.

13.17. Pacific Lumber Inspection Bureau

13.17.1. Members, Services and Information. An accredited non-profit inspection and certification agency to the lumber industry| Pacific Lumber Inspection Bureau

13.17.2. Pacific Lumber Inspection Bureau - PLIB

13.17.3. https://www.linkedin.com/company/pacific-lumber-inspection-bureau/

13.18. PFS Corporation

13.18.1. PFS·TECO - Welcome

13.19. Pittsburgh Testing Lab

13.20. Renewable Resource Association

13.20.1. Renewable Resource Coalition: Green Energy & Resources

13.21. Southeastern Forest Products Association

13.21.1. Southern Forest Products Association | Southern Pine Lumber

13.21.2. SFPA (@Southern_Pine) | Twitter

13.21.3. Southern Forest Products Association - SFPA

13.21.4. Login • Instagram

13.21.5. southernpinelumber

13.22. Southern Pine Inspection Bureau

13.22.1. SPIB.org Home | SPIB | Southern Pine Inspection Bureau

13.22.2. https://www.linkedin.com/company/southern-pine-inspection-bureau/

13.22.3. Southern Pine Inspection Bureau

13.22.4. Southern Pine Inspection Bureau (@SPIB_FL) | Twitter

13.22.5. Southern Pine Inspection Bureau

13.23. TECO

13.23.1. TECO Energy

13.24. Timber Products Inspection

13.24.1. Timber Products Inspection: Wood Products Inspection and Testing

13.25. West Coast Lumber Inspection Bureau

13.25.1. https://www.wclib.org/

13.25.2. West Coast Lumber Inspection Bureau

13.26. Western Wood Products Association

13.26.1. Home

13.27. Window & Door Manufacturers Association

13.27.1. Window & Door Manufacturers Association (WDMA)

13.27.2. Window and Door Manufacturers Association (WDMA)

13.27.3. https://www.linkedin.com/company/window-&-door-manufacturers-association-wdma-/

13.27.4. WDMA (@WDMAnews) | Twitter

13.28. Wood Moulding and Millwork Producers Association

13.28.1. https://www.wmmpa.com/

13.28.2. https://www.facebook.com/Moulding-Millwork-Producers-Association-MMPA-144801978868197/

13.28.3. MMPA (@WMmoulding) | Twitter

13.28.4. https://www.linkedin.com/company-beta/15518311/

13.28.5. Login • Instagram

13.28.6. Kellie Schroeder (wmmpa) on Pinterest

14. Key Words

14.1. AAC (After Arrival of Car)

14.1.1. period to provide payment is based around the arrival date of car, not shipment date

14.2. AAT (After Arrival of Truck)

14.2.1. period to provide payment is based around the arrival date of truck, not shipment date

14.3. ADF (After Deducting Freight)

14.3.1. the freight cost is not subject to discounts

14.4. ADI (After Date of Invoice)

14.4.1. period to provide payment is based on the date of the invoice, not shipment or arrival date

14.5. A-Frame Flatcar

14.5.1. railroad flat car with a center divider that goes the length of the car. ( aka center-beam flatcar )

14.6. Agreed Weights

14.6.1. predetermined weight / mbf that will be used to calculate the total shipping weight for railroad invoices

14.7. Air Dried

14.7.1. seasoned by exposure to natural elements, as opposed to being kiln dried

14.8. Anti-Stain Treatment

14.8.1. applied to prevent discoloration and fungal growth during transit and storage ( aka Anti-Travel Treatment )

14.9. Appearance Grades

14.9.1. high-line regular board and dimensions grades that include tighter restrictions on certain appearance characteristics, particularly wane.

14.10. Authority

14.10.1. states that a truck is licensed to operate within

14.11. Back

14.11.1. Backside of a piece of lumber opposite the face. Often the lower quality side

14.12. Backhaul

14.12.1. when a truck picks up goods on the return trip after already delivering a load

14.13. Back-to-back (order)

14.13.1. when the buy and sell simultaneously

14.14. Bad Ordered Car

14.14.1. when a railcar is removed from a train because of mechanical issues

14.15. Bank Trade Information

14.15.1. credit references used to establish a line of credit

14.16. Barge

14.16.1. ship used to transports large quantities of goods

14.17. Basis

14.17.1. difference between the futures market contract price and the cash market price

14.18. Basis Trade

14.18.1. joint trade placed to take advantage of a favorable spread between the two

14.19. BHFC

14.19.1. bulkhead flatcar

14.20. Big Boxes

14.20.1. large warehouse-type lumber and building material stores catering to do-it-yourself shoppers

14.21. Bill of Lading

14.21.1. transportation document describing both the goods received for shipment and the routing of their shipment

14.22. Blocking and Bracing

14.22.1. low-grade lumber used in a railcar to keep the contents from shifting in transit

14.23. Blows

14.23.1. a plywood defect characterized by the separation of a portion of veneers sometimes causing splits in surface veneers

14.24. Board Foot (BF)

14.24.1. common volumetric unit of measure in the lumber industry equivalent to a piece of wood 1 inch thick, 12 inches wide and 12 inches long

14.25. Board Lumber

14.25.1. lumber 1 inch in nominal thickness

14.26. Board Measure

14.26.1. indicates the unit of measure being used is the board foot

14.27. Bow

14.27.1. lumber defect referring to deviation from a straight line drawn end to end along the wide face of a piece of lumber

14.28. Boxcar

14.28.1. a fully enclosed railcar with single or double sliding doors

14.29. Boxed Heart

14.29.1. the center of the tree within the four sides of the end of a piece of lumber ( aka bullseye)

14.30. Buck

14.30.1. to rough cut, for length, a log

14.31. Bulkhead Flatcar

14.31.1. a flat deck railcar with a vertical wall ( or bulkhead ) at each end

14.32. Buying Group

14.32.1. a cooperative organization set up by ( usually ) retail lumber yards to perform certain buying functions ( aka Co-Ops )

14.33. Can

14.33.1. a large flat sided slab from a log, intended to be sawn to smaller sizes

14.34. Car Number

14.34.1. the number of the railcar used for identification, typically painted on the sides

14.35. Carrier

14.35.1. a railroad or truck line that transports goods

14.36. Cash Discount (CD)

14.36.1. incentive used by seller to get fast payment

14.37. Cash in Advance (CIA)

14.37.1. requires payment before shipping the product

14.38. Cash Market or Cash

14.38.1. futures market term used to describe lumber market

14.39. Cash on Delivery

14.39.1. requires payment immediately upon delivery of product

14.40. CCA Chromated Copper Arsenate

14.40.1. used in pressure treating lumber

14.41. Certificate of Inspection

14.41.1. a document issued by the head grader of a sawmill, certifying the grade and species classification of a particular load of lumber that has not been grade stamped

14.42. Checking

14.42.1. a lumber defect referring to the separation of wood fiber across the annual growth rings

14.43. Chemically Protected Lumber

14.43.1. lumber treated with anti - stain chemicals to protect it in transit

14.44. Chicago Mercantile Exchange (CME)

14.44.1. the lumber futures and options market

14.45. C/L

14.45.1. carload

14.46. Clean and Bright

14.46.1. the freshly manufactured appearance of lumber as it comes from the planer

14.47. Clear

14.47.1. free, or nearly free, of defects

14.48. Cold Calls

14.48.1. unsolicited sales attempts to prospective customers

14.49. Combination Rate

14.49.1. a rail freight price quoted in two or more parts

14.50. Commodity

14.50.1. an item of wide usage , traded in great volume

14.51. Commons

14.51.1. the most generally used grade classification for boards. A term sometimes used synonymous with boards

14.52. Concentration Yard

14.52.1. a large lumber storage and reload facility

14.53. Concrete Form

14.53.1. plywood panels with B grade faces on both sides used as molds in pouring concrete

14.54. Consignee

14.54.1. the one to whom goods are consigned or delivered ; the owner of the goods being shipped

14.55. Constructive Placement

14.55.1. the process of taking a loaded railcar out of a train because it does not have a final destination. A fee is charged for this service.

14.56. Container

14.56.1. an enclosed van that ships like a piggyback , but is not attached to a truck chassis

14.57. Continuous Press

14.57.1. in newer OSB mills, a belt that feds a continuous mat of preformed strands into a press. Panels are cut-to-length after pressing.

14.58. Contract Month

14.58.1. the month in which a particular futures contract will expire.

14.59. Contract Freight Rate

14.59.1. a preferential, non-public freight rate negotiated between a shipper and transportation company.

14.60. Contract Orders

14.60.1. block orders covering multiple shipments

14.61. Convergence

14.61.1. the coming together of market price at the expiration of a contract month.

14.62. Co-Ops

14.62.1. Similar to buyer groups

14.63. Count

14.63.1. the nominal thickness, width and length used in determining board footage for invoicing purposes

14.64. Counter

14.64.1. a counteroffer to buy or sell at a better price, tally, shipment time, etc., than was originally offered

14.65. Coverage

14.65.1. both the ability and the willingness to fill a specific lumber inquiry

14.66. Crook

14.66.1. a lumber defect referring to a deviation from a straight line drawn end to end along the narrow face of a piece of lumber

14.67. Cross-cut

14.67.1. to cut a piece of lumber perpendicular to its length

14.68. Cup

14.68.1. a lumber defect referring to a deviation from a straight line drawn edge to edge across the face of a piece of lumber

14.69. Customer Profile

14.69.1. a listing of all the information known about a customer, including lumber requirements and preferences, as well as personal and business information.

14.70. Cut

14.70.1. a reference a sawmill’s output, as in “ a cedar cut “ or “ a daily cut of one million feet. “

14.71. Cuttings (factory)

14.71.1. a term describing the number of usable pieces one is able to get from a particular piece or batch of lumber

14.72. Cuttings (timber)

14.72.1. a term often used synonymous the timbers

14.73. CWT

14.73.1. short for hundredweight, a transportation term for a hundred pounds.

14.74. Deadhead Miles

14.74.1. the non loaded miles a truck travels to get to the location of the lumber or panels it is going to haul.

14.75. Debarker

14.75.1. any of the various machines used to remove bark from logs prior to processing them into lumber

14.76. Delivered Price

14.76.1. a price that includes the mill cost for the lumber or panels plus the freight to the destination

14.77. Delivering Carrier

14.77.1. the railroad serving the destination customer

14.78. Demurrage

14.78.1. a fee assessed by railroads to shippers who tie up cars beyond the normally allotted loading, unloading and transit time

14.79. Dense

14.79.1. a grade qualifier used to designate lumber with particular strength characteristics

14.80. Dense Packing

14.80.1. a method of loading boxcars whereby various unit sizes used to completely fill the interior space of a car. Most commonly used when loading studs

14.81. Design Values

14.81.1. a measure of strength factors in lumber involving the basic properties of wood. The two most properties of wood. The two most commonly grades design values are bending strength ( Fb ) and modulus of elasticity ( E ) .

14.82. Destination Reload

14.82.1. a reload established to be close to the customer base rather than the supplier base.

14.83. Dimension Lumber

14.83.1. lumber usually 2 inches in nominal thickness

14.84. Distribution Yard

14.84.1. a large storage and shipment yard stocking lumber and other building materials.

14.85. Diversion

14.85.1. the changing of the destination of a railroad car while it is in transit.

14.86. Diversion Point

14.86.1. a centrally located geographic point to which unsold railcars of lumber are shipped and held until the lumber is sold

14.87. Door-to-door piggyback service

14.87.1. a piggyback rate that includes service from the point of the lumber’s origin to the customer’s yard

14.88. Double-end Trimmed (DET)

14.88.1. lumber that is trimmed reasonably square on both ends by the saw

14.89. Dressed

14.89.1. surfaced

14.90. Dry

14.90.1. seasoned usually to a moisture content of less than 19% ( less than 15% fro selects and factory lumber

14.91. Dry Kiln

14.91.1. a chamber in which lumber is temperature and air circulation

14.92. Dunnage

14.92.1. low- grade lumber used as blocking and bracing when loading lumber or panels onto railroad truck or van equipment.

14.93. Eased Edge

14.93.1. a slight rounding of the edges of lumber done as lumber goes through the planer

14.94. Eastern Canadian Producing Region

14.94.1. includes everything east of the province of Alberta, but principally the provinces of Ontario, Quebec, and the Maritimes.

14.95. Edgebanding

14.95.1. a inked marking , usually indicating the manufacturer, printed continuously along the edge of a piece of lumber

14.96. Edge-Glued

14.96.1. lumber or veneer glued square edge to square edge, to produce wider pieces

14.97. Electronic Data Interface (EDI)

14.97.1. the transferring of information, invoices, payments, etc. between companies via computer rather than by mail or fax

14.98. Exchange for Physical (EFP)

14.98.1. a futures term meaning that a futures contract shipment will be filled by something other than the contract specified 2 x 4 ( aka Ex-Pit trade )

14.99. End Matched

14.99.1. a pattern run o n both ends of pieces of lumber both to help prevent the ends from splitting and as a means of manufacturer ID.

14.100. End Paint

14.100.1. a colored paint sprayed on the ends of lumber both to help prevent the ends from splitting and as a means of manufacturer ID

14.101. End Stamp

14.101.1. a grade stamp placed on the end of finished lumber, instead of the more normal placement on the face

14.102. End Trim

14.102.1. the description of how the ends of finished lumber are cut

14.103. End Wax

14.103.1. wax sprayed on the ends of lumber to help prevent the ends from splitting

14.104. Engineered Wood Products

14.104.1. products manufactured from wood fiber ( in many different forms ) and glue. Examples include glulam beams, wood I-joists, and laminated veneer lumber

14.105. Exposure 1

14.105.1. a performance rating for panels intended for use in protected applications but where long exposure during construction may be expected

14.106. Exterior

14.106.1. panels designed for continuous exposure to weather or moisture, with proper surface protection

14.107. E Value

14.107.1. the modulus of elasticity. A design value commonly used in machine stress-rated lumber. A measure of stiffness.

14.108. Face

14.108.1. the best of the two wide sides of a piece of lumber or plywood

14.109. Factory Lumber

14.109.1. lumber intended to be remanufactured after it leaves the sawmill

14.110. Fb

14.110.1. the designation for the compression strength design value

14.111. Fbm

14.111.1. feet, board measure

14.112. Fc

14.112.1. the designation for the compression strength design value

14.113. Finger Jointing

14.113.1. a method of end-joining lumber whereby the ends are cut in a deep zigzag pattern forming “fingers.” Using glue, heat, and mechanical pressure, the pieces are forced together to form a strong

14.114. Finish (selects)

14.114.1. the highest grades of lumber graded under Alternate Board Rules

14.115. Firm Offer

14.115.1. a promise to buy or sell a product if certain specific conditions are met.

14.116. Flatbed Truck

14.116.1. a truck tractor and trailer with a flat bed used for hauling unitized lumber.

14.117. Flatcar

14.117.1. a railcar open on all sides. A platform on wheels.

14.118. Flat Grain ( FG )

14.118.1. lumber in which the annual rings form an angle of less than 45 degrees with the surface of the piece

14.119. Flat-to-Van

14.119.1. a piggyback van rate in which the lumber is picked up at the origin on a flatbed truck , then later transferred to a van for its continued shipment to the destination.

14.120. FOHC

14.120.1. free of heart center ( boxed heart )

14.121. Formula Tally

14.121.1. a mill’s standard tally

14.122. Framing Lumber

14.122.1. lumber ( usually 2 inches in nominal thickness ) used for structural members in wood-framed buildings

14.123. Free on Board (FOB)

14.123.1. a freight term meaning that material is being purchased on the basis that all freight considerations are the responsibility of the buyer

14.124. Free of Heart Center (FOHC)

14.124.1. lumber that does not contain the pith of the tree in either end of the piece

14.125. Freight Collect

14.125.1. a freight bill due upon arrival at the destination

14.126. Freight Prepaid

14.126.1. a freight bill paid at the time of shipment, rather than once the shipment has arrived at the destination

14.127. “Friday Prior” Pricing

14.127.1. the practice of pricing ( usually ) contract orders based on the price in a market report published on the Friday prior to the lumber’s shipping

14.128. Ft

14.128.1. the design value measuring tension parallel to grain

14.129. Full Sawn

14.129.1. lumber cut, in the rough, to its full nominal size

14.130. Furring Strips

14.130.1. 1x2, 1x3, 1x4, usually in the lower grades, used in general building applications

14.131. Fv

14.131.1. the design value measuring horizontal shear strength

14.132. Gang Rip

14.132.1. to cut one piece of lumber into a number of smaller pieces in just one pass through the saws

14.133. Gateway

14.133.1. another name for a diversion point. An interim destination for unsold lumber

14.134. Glue-Laminated Beams (Glulams)

14.134.1. an engineered wood product made by face-gluing multiple pieces of lumber together

14.135. Grademark

14.135.1. a stamp or symbol applied to a piece of lumber , by the grader at a sawmill, to designate grade

14.136. Grade Stamp

14.136.1. an inked marking put on lumber to show its important characteristics and mill information

14.137. Green Chain

14.137.1. a moving conveyor chain bringing rough, green lumber out of the sawmill. From the green chain, lumber is sorted by thickness and width in preparation for drying or surfacing.

14.138. Green Lumber

14.138.1. lumber with a moisture content in excess of 19%

14.139. Gross Vehicular Weight (GVW)

14.139.1. the total gross allowable weight for a truck, it's trailer, and its cargo

14.140. Hit & Miss (H&M)

14.140.1. lumber that has been surfaced, but contains skips. The areas of skip dressing are found in those parts of the piece too thin to cleanly surface

14.141. Half Packs

14.141.1. lumber in smaller than normal unit sizes

14.142. Headrig

14.142.1. the primary saw in a sawmill

14.143. Heart Center

14.143.1. the pith or center of a log

14.144. Heartwood

14.144.1. the central ( usually darker in color ) portion of a log between the center ( pith ) and the sapwood

14.145. Hedge (future market)

14.145.1. the establishing of a position in futures opposite to one in the cash market, designed to maintain a profit or minimize a loss

14.146. Hem-Fir

14.146.1. a species grouping including Western Hemlock and all true firs except Alpine and Balsam

14.147. Humped Shipment

14.147.1. a rail shipment that has been damaged by another car slamming into it, jarring the contents

14.148. Hundredweight

14.148.1. abbreviated “cwt” a transportation term meaning 100 pounds

14.149. Incising

14.149.1. cutting slits into the surface of a piece of wood to improve absorption of chemical preservative.

14.150. Inland Producing Region

14.150.1. roughly , the lumber producing region of the U.S. between the Cascade Mountains and the Rocky Mountains

14.151. Interchange

14.151.1. the point at which different railroads intersect and at which railcars can be switched from one carrier to another

14.152. Intermediate Carrier

14.152.1. an in-between railroad in a routing. one that is neither the originating carrier nor the delivering carrier

14.153. Jack Ladder

14.153.1. a type of conveyor used to bring logs up into a manufacturing plant

14.154. Jacket Boards

14.154.1. boards produced in a dimension mill from the thin slabs cut form the outside of logs. Slabs not tickenoguth to make dimension

14.155. J-Grade

14.155.1. Boards produced in a dimension mill from the thin slabs cut from outside of logs. SLabs not thick enough to make dimension lumber. Also called strips or sidecuts

14.156. Joist

14.156.1. A structural framing member used horizontally to support a ceiling or floor

14.157. Just in Time (JIT)

14.157.1. A buying philosophy characterized by minimizing inventory and buying products only as they are needed

14.158. Kerf

14.158.1. The gap or space left by a saw as it cuts through a piece of lumber

14.159. Kiln

14.159.1. See dry kiln

14.160. Kiln Dried (KD)

14.160.1. Describes lumber that has been dried in a kiln (as opposed to being air dried)

14.161. Kiln Dried After Treatment (KDAT)

14.161.1. Refers to lumber that has been kiln dried to 19% or less moisture content after being pressure treated

14.162. Kiln Wet

14.162.1. Lumber that has gone through the kiln drying process, but still contains more moisture than is allowable for dry lumber

14.163. Laminated Strand Lumber (LSL)

14.163.1. A type of engineered wood product.

14.164. Laminated Veneer Lumber (LVL)

14.164.1. A type of engineered wood products.

14.165. Lathe Check

14.165.1. A characteristic of peeled veneer resulting from the peeling process in which the veneer is bent as it is separated from the block. The depth of a lathe check is influenced by the pressure of the nose, or roller bar

14.166. Lathe

14.166.1. A machine upon which logs are peeled to yield veneer for plywood or laminated veneer lumber

14.167. Layer

14.167.1. A course of veneer used in the wood manufacturing of plywood. A layer can have more than one ply, for example, a 4-ply panel has three layers, with the middle layer being two veneers thick

14.168. Letter of Credit (LC)

14.168.1. A document signed by the buyers bank, guaranteeing payment on a shipment if the buyer should fail to pay within normal terms

14.169. Loaded Miles

14.169.1. A trucking term referring to the actual number of miles that lumber will be carried from a mill to a destination. Does no include the deadhead, or non loaded miles a trucker must travel to get to a mil to pick up the lumber.

14.170. Loading

14.170.1. The type of equipment used to transport a shipment of lumber

14.171. Loading Diagram

14.171.1. A diagram showing the placement and configuration of units of lumber in a loading

14.172. Load Shift

14.172.1. Lumber units or pieces that have changed position while in transit, possibly damaging the material and making it difficult to unload

14.173. Long Deck

14.173.1. A holding yard for logs before they go into the sawmill

14.174. Long Position

14.174.1. A speculative market position in which one buys and one hold lumber or panels for some time before selling it

14.175. Loose Loaded

14.175.1. A boxcar loading in which the lumber is not unitized but which instead is loaded and unloaded piece by piece

14.176. Lot loaded

14.176.1. A way of loading stopover trucks so that portions of the load can be unloaded separately at two or more destinations

14.177. Lumber

14.177.1. A wood product manufactured from a log and sawn on all four sides

14.178. Machine Stress-Rated Lumber (MSR)

14.178.1. lumber both visually and machine graded

14.179. Making Delivery

14.179.1. A futures market term meaning one is going to actually ship a load of lumber against a short position held at the close of a futures contract.

14.180. Mill Grade

14.180.1. Plywood that conforms generally to size, thickness, and glue line requirements but does not have all the quality characteristics necessary for grading agency approval

14.181. Mill Run

14.181.1. The general Grade description for a mills entire grade tally on a particular run, with nothing having been selected out.

14.182. Minimum Weight

14.182.1. The minimum weight that will be charged form regardless of weight being hauled

14.183. Minor Bundling

14.183.1. Special packaging for smaller pieces of lumber (all the same size) that are tied together with string or tape, 10 or 12 per bundle. These small bundles are then usually unitized into normal sized (approx 2’ x 4’) units. Sometimes called sub-bundled

14.184. Mixed Grain (MG)

14.184.1. A load of lumber that contains pieces of both flat grain and vertical grain

14.185. Mixed-species grouping

14.185.1. Lumber of two or more species that have similar appearance and strength characteristics and are manufactured and marketed together

14.186. Modulus of Elasticity

14.186.1. A ratio describing the amount a material will deflect in proportion to an applied load.

14.187. Moisture Content

14.187.1. The weight of the water in the wood, expressed as percentage of the weight of the oven dry (Containing no moisture)

14.188. Moisture Meter

14.188.1. An instrument used to determine the moisture content of a piece of wood

14.189. Nested Shorts

14.189.1. Short length of lumber that are placed end-to-end, inside units of longer length lumber

14.190. Net-Net

14.190.1. A futures market invoicing term meaning that no cash discount is given for prompt payment

14.191. Net Terms

14.191.1. The total amount of an invoice that is due if the discount is not taken

14.192. Nominal

14.192.1. The name for the size of a piece of lumber, not the actual measurement of that piece (i.e., what we call a 2x4 is actually piece of lumber 1-1/2 x 3-½)

14.193. Non-Structural Panels

14.193.1. Any various panels such as particleboard, insulating board, hardboard, medium density fiberboard, and others, which building codes preclude from use in structural applications

14.194. Not-Eased Edges

14.194.1. Refers to edges that have not been rounded or “eased”. They may be square, or they may contain the full amount of wane allowed

14.195. Off Grade

14.195.1. Lumber or panels that do not conform to the grade they were represented as being

14.196. Off the Market

14.196.1. A trading term meaning that a seller is not currently soliciting

14.197. On Hand

14.197.1. A rolling unsold railcar that has stopped at at diversion point pending further orders from the shipper

14.198. On the Bumper

14.198.1. Synonymous with the term “on hand”, meaning

14.199. Open to reciprocal switching

14.199.1. A designation that no local switching fee will be charged to have railcars switched from one carriers to the delivering carrier

14.200. Open Units

14.200.1. Lumber that is not protected by paper wrap or poly under top tier

14.201. Order File

14.201.1. The sold but unshipped orders of a sawmill

14.202. Order Number

14.202.1. The unique number applied to a specific order, differentiating it from other orders

14.203. Oriented Strand Board (OSB)

14.203.1. Structural panels manufactured with compressed wood strands or wafers, oriented lengthwise and crosswise in layer, with a resin binder

14.204. Origin Reload

14.204.1. A reload set ip to be close to the supplier base rather than the customer base

14.205. Originating Carrier

14.205.1. The railroad servicing the sawmil from which a railcar is shipped

14.206. Oven Dry

14.206.1. Lumber from which all the moisture has been removed and thus has 0 percent moisture content

14.207. Paper caps

14.207.1. A type of paper wrapping

14.208. Paper wrap

14.208.1. Heavy paper, wrapped around the top and four sides of a unit of lumber, to protect it during transit and outside storage

14.209. Parallel strand lumber (PSL)

14.209.1. A type of engineered wood products

14.210. Partially Air Dried (PAD)

14.210.1. A lumber that has been stickered and allowed to air dry for some time, but still containing a moisture level above the 19% required for a “dry” designation

14.211. Pattern Work

14.211.1. A series of grooved and channels incised down the length of a piece of lumber as it goes through a planer

14.212. Pencil Trimming

14.212.1. An invoicing procedure whereby less board footage is invoice than is actually shipped

14.213. Pencil Wane

14.213.1. A term used to describe light to no wane

14.214. Per Car Charge

14.214.1. A flat fee charged for hauling a railcar from one place to another, regardless of the footage or weigh being shipped

14.215. Performance Standard

14.215.1. A standard for products designed to meet specific end-use application. A performance standard emphasized end use criteria rather than materials and methods used in manufacturing

14.216. Precision End Trimmed (PET)

14.216.1. see Precision end Trimmed

14.217. Piggyback Van

14.217.1. A van enclosed on the sides, fron, and top. It is loaded

14.218. Pith

14.218.1. The heart center or bullseye of a tree. Seen in cross-section, at the center of the annual growth rings

14.219. Placard

14.219.1. A sign placed on the outside of a boxcar, indicating the side from which the car should be unloaded

14.220. Planer

14.220.1. A piece of sawmill equipment that planes rough lumber, leaving it smooth and uniform in size

14.221. Planer Mill

14.221.1. Although sometimes a separate facility, the planer mill us usually that part of a sawmill where lumber is planed, graded and sorted

14.222. Ply

14.222.1. A single sheet of veneer. One complete piece of veneer in a sheet of plywood

14.223. Plywood

14.223.1. A plat panel made up of a number of thin sheets, or veneers, of wood in which the grain direction of each ply is at right angles to the one adjacent to it. The sheets of veneer are united, under pressure, by a bonding agent

14.224. Poly Under Top Tier (PUTT)

14.224.1. A way of giving some protection to unitized lumber by the insertion of a piece of plastic between the next-to-top and the top tiers

14.225. Precision end Lumber

14.225.1. Lumber trimmed smooth on both ends and varying no more than 1/16th’’ in no more than 20% of the pieces

14.226. Pressure-Treated Lumber

14.226.1. Lumber that has been saturated with chemicals to prevent rot or decay caused by living organisms

14.227. Price at the time of shipment (PTS)

14.227.1. An order committed to by both the buyer and seller, but not having a firm price until it is ready for shipment

14.228. Product of the run

14.228.1. A phrase that when an item is remanufactured into something else, the customer must pay for the entire output of the run, not just the portion that is on the grade.

14.229. PS 1

14.229.1. A product standard for plywood developed cooperatively by the Us department of commerce and the construction and plywood industry. Establishes requirements for the production, marketing and specifying of construction and industrial plywood. The standard covers virtually all plywood grades

14.230. PS 2

14.230.1. A product standard covering wood panels not provided.

14.231. Published Tariff

14.231.1. The standard, printed freight rate from an origin to a destination

14.232. Pulled to Length

14.232.1. Unitized lumber that contains only one length per package

14.233. Quote

14.233.1. An offer to sell at a specific price, in response to an inquiry

14.234. Radius Edge Decking (RED)

14.234.1. Lumber with a larger than normal eased edge

14.235. Rafter

14.235.1. A piece of lumber extending from the ridge of a roof to the eaves to provide framework for the roofing material in building construction

14.236. Ramp-to-Door

14.236.1. A piggyback van rate characterized by service from the railroad loading dock at the origin to the customers yard

14.237. Ramp-to-ramp

14.237.1. A piggyback van rate characterized by service from the railroad loading dock at the origin to the railroad loading dock at the origin to the railroad loading dock at the destination.

14.238. Random Lengths (R/L)

14.238.1. A lumber tally containing various lengths

14.239. Random Lengths Framing Lumber Composite Price

14.239.1. A broad measure of price movement in the north american lumber market, using a weighted average of 15 key framing lumber prices

14.240. Reciprocal Switching

14.240.1. An agreement between railroad companies

14.241. Reinspection

14.241.1. The process of manually regarding a shipment of lumber or panels believed by a customer to be off grade

14.242. Red-Flagged Orders

14.242.1. A credit term for orders taken but not shippable until earlier orders have been paid for

14.243. Reload Center

14.243.1. A lumber and panel storage and transshipment facility

14.244. Reload (Destination)

14.244.1. See destination reload

14.245. Remanufacturing Plant

14.245.1. Sometimes referred to as a reman plan, that is an operation where lumber is converted from one type wood product to another

14.246. Renege

14.246.1. To back out of a n order after it has been placed

14.247. Rerun (to pattern)

14.247.1. To return surfaced lumber to the planer, then return it to add a pattern

14.248. Resawing

14.248.1. The process of cutting lumber in two, parallel to its its wide face. For example making a 2x12 into two pieces of 1x12

14.249. Retort

14.249.1. A chamber used to pressure- treat lumber

14.250. Ripped and Bundled

14.250.1. a remanufacturing process in which lumber is ripped and then minor bundled

14.251. Ripping

14.251.1. The process of cutting lumber in two, perpendicular to its wide face. For example making 2 x 12 into two pieces of 2 x 6

14.252. Roller

14.252.1. An unsold railcar of lumber or panels that is loaded and moving toward a diversion point

14.253. Rough

14.253.1. Lumber that has not been planed or surfaced

14.254. Routing

14.254.1. A railcars itinerary from origin to destination, including interchanges and intermediate carriers.

14.255. Rule Tally

14.255.1. A method of tallying, individually, the board footage if pieces of lumber that are not cut or suraced to standard-width sizes. Usually used on factory lumber that is surfaced

14.256. Run - To plane rough lumber

14.257. S1S2E - Surfaced one side

14.258. S2S - Surfaced 2 sides

14.259. S4S - Surfaced 4 sides

14.260. S2S1E - Surfaced two sides, one edge

14.261. Sapwood

14.261.1. The usually lighter colored part of a log between the heartwood and the bark

14.262. Saw Sized

14.262.1. Lumber cut in the sawmill to the net sizes of surfaced lumber.

14.263. Scaled

14.263.1. A transportation term meaning weighed

14.264. Scant

14.264.1. Small than standard size,

14.265. Select

14.265.1. A high grade of lumber that allows few defects

14.266. Shake

14.266.1. A lumber defect referring to a separation of wood fiber through the annual growth

14.267. Sheathing

14.267.1. Plywood, OSB, or lumber used to close up side walls, floors, or roofs preparatory to the installation of finish materials on the surface

14.268. Shipment Time

14.268.1. The time indicated for a shipment of lumber or panels to leave a mill or reload center.

14.269. Shipper

14.269.1. The party paying the freight bill

14.270. Shop Cutting

14.270.1. A plywood panel that has been rejected as not conforming to the requirements of standard grades, but that can be sold for remanufacturing or re-cutting into applications other than those specified in grading rules or a product standard

14.271. Short Position

14.271.1. A speculative position in which one sells lumber or panels before it is bought.

14.272. Sidecuts

14.272.1. boards- usually 1x3, 1x4 or from thin slaves taken from the outsider of log. Slabs not thick enough to make dimension lumber

14.273. Siding (railroad)

14.273.1. A short dead-end track coming off a main rail line, on which rail cars are loaded and unloaded

14.274. Skip Dressing

14.274.1. Areas on a piece of lumber that fall to surface smoothly usually occurring when number has been sawn scant into the sawmill

14.275. Slasher Deck

14.275.1. The area of an osb mill where logs are sawn to uniform lengths before entering the waferizer

14.276. Slope of Grain

14.276.1. The angle formed by the intersection of the wood fibers with the side of a piece of wood

14.277. Softwood

14.277.1. Wood from trees commonly referred to as conifers or evergreens

14.278. Softwood Lumber Agreement

14.278.1. A seven year trade agreement signed by the U.S and Canada in october 2006, Governing the shipments of lumber produced in canada and exported to the US

14.279. Span Rating

14.279.1. The recommended center-to-center spacing of supports for structural panels. The ratin is a carried as part of the grade mark and, indicated the spacing in inches for various types of applications.

14.280. Splitter Head Ripped

14.280.1. Lumber that is ripped at the planner rather than with a saw blade. WHen a log is viewed in cross section, the summerwood is the dark rings

14.281. Springwood

14.281.1. Wood fiber that is produced during the spring of the year when moisture is plentiful and growth is rapid. When a is viewed in cross section. The springwood is

14.282. Square Edge

14.282.1. Lumber on which there is no wane and the edges have not been eased.

14.283. Standard Sawn

14.283.1. Lumber That is rough cut to smaller than full-sawn sizes yet large enough so that it still

14.284. Stickers

14.284.1. Spacers placed between the tiers of rough green lumber to aid air circulation as the lumber dries

14.285. Stopover Charge

14.285.1. A fee paid to a trucker for picking up or dropping off loads of lumber at two or more points

14.286. Strander

14.286.1. A machine in an OSB mills used to make strands

14.287. Strips

14.287.1. Another name for side cuts or jacket boards

14.288. Structural Panels

14.288.1. Any of various panels, notably plywood or OSB, designed to be used in applications where strength and stiffness are required. Such applications include rood, wall, and floor sheathing

14.289. Stud

14.289.1. A piece of dimension lumber, usually PET, used as an upright in wall construction

14.290. Stumpage

14.290.1. Timber not yet harvested

14.291. Subfloor

14.291.1. Material attached directly to the floor joists or laid on a concrete slab, on which the finished flooring is placed

14.292. Subject to Prior Sale

14.292.1. A trading phrase used to indicate that lumber being offered for sale may not be available at a later date

14.293. Sub Prior

14.293.1. An abbreviated term for “Subject to prior sale”

14.294. Summerwood

14.294.1. Wood fiber that is produced later in the year than the springwood. Because moisture is generally not a s plentiful, growth is less rapid that during the spring, WHen a log is viewed in cross sections, the summerwood is the dark rings

14.295. Surfaced

14.295.1. Lumber that has gone through a planer so that its side are smooth and uniform in size

14.296. Surface Measure

14.296.1. A method used for measuring lumber that considers the face area only. For example, a 2 X 2 12’ and a 1 x 4 12’ both contain the same board footage. WHen measured on a surface measure count

14.297. Surface Moisture

14.297.1. Rain or condensation on the outside of otherwise dry lumber. If placed in a dry, ventilated space, surface moisture will generally evaporate fairly quickly and will not permanently alter the dry condition of the lumber

14.298. Switch

14.298.1. To change a railcar from one carrier to another

14.299. Switching Fee

14.299.1. The charge for having a railcar switch from one carrier to another

14.300. Taking Delivery

14.300.1. A futures market term meaning one is going to actually receive a load of lumber against a long position held at the close of a futures contract

14.301. Tally

14.301.1. The thickness, width, and length piece count of lumber shipping on a particular order

14.302. Tax - Exempt Number

14.302.1. In states with state sales taxes covering the buying and selling of lumber, the tax exempt number must appear on the documentation to exempt the wholesale transaction from state taxes

14.303. Team Track

14.303.1. A public rail loading and unloading facility

14.304. Thousand Board Feet (MBF)

14.304.1. The unit of measure most frequently used in the lumber industry

14.305. Thousand Square Feet (MSF)

14.305.1. The unit of measure most frequently used in the panel industry

14.306. Tier

14.306.1. A horizontal course in a unit of lumber

14.307. Timbers

14.307.1. Lumber 5’’ or more in thickness

14.308. Tongue and Groove

14.308.1. Lumber or panels machined to have a groove on one side and a protruding tongue on the other, so that piece will fit snugly together, with the tongue of one fitting into the groove of the other

14.309. Tracing a Shipment

14.309.1. A transportation phrase meaning learning from the carrier the location of a load of lumber in transit

14.310. Trading

14.310.1. The buying, selling and transporting of wholesale quantities of lumber or panels

14.311. Transit

14.311.1. A term used to describe unsold lumber that may or may not have actually shipped from a mill

14.312. Transit Time

14.312.1. The time required to actually move a load of lumber from the origin to the destination

14.313. Twist

14.313.1. A defect referring to a deviation flatwise, in a piece of lumber, creating the form of a curl or a spiral

14.314. UDDB

14.314.1. Unitized double door boxcar

14.315. Underlayment

14.315.1. Structural panels designed to be used under the finished flooring in a structure

14.316. Unitized

14.316.1. Lumber that is steel or plastic banded together into units for forklift handling

14.317. Unit Size

14.317.1. The number of pieces of lumber in a unit

14.318. Unseasoned

14.318.1. Lumber that contains more than 19% moisture content

14.319. Upcharge

14.319.1. An extra charge for some additional service

14.320. Van-to-Flat

14.320.1. a special piggyback van rate in which the lumber is transported like a normal van shipment, except that prior to delivery, the lumber is reloaded from the van to a flatbed truck for delivery

14.321. Vertical Grain (VG)

14.321.1. Lumber sawn so that the wide face of the finished piece is approximately perpendicular (greater than 45 degrees) to the annual growth rings on the log

14.322. Vendor-Managed Inventory (VMI)

14.322.1. an accounting system under which lumber physically in a buyers inventory is not paid for until it has been sold

14.323. Veneer

14.323.1. Wood peeled into sheets of a given constant thickness and combined with glue to produce plywood or laminated veneer lumber

14.324. Waferboard

14.324.1. A structural panel product made of randomly oriented wafers of woodbound together by rein, heat and pressure. Little wafer board is produced today; it has largely been superseded by OSB

14.325. Waferizer

14.325.1. A machine that converts wood bolts to wager, or stands, for use in waferboard or OSB

14.326. Wane

14.326.1. A limber defect referring to the absence of wood or the presence of bark along an edge or corner

14.327. Warp

14.327.1. a lumber defect referring to any combination of bow, crook, cup, or twist

14.328. Weekly Pricing Guides

14.328.1. reports published weekly by independent companies charting the prices of many common lumber and panel items

14.329. Weight-Based Rates

14.329.1. truck or rail rates in which the weigh being hauled is a significant factor in the shipping cost

14.330. West Coast Producing Region

14.330.1. The western part of the states of oregon and washington (west of the cascade mountains) and a bit of coastal northern california

14.331. Western

14.331.1. A term generally applied in the industry to lumber produced west of the rocky mountains in the US or Canada

14.332. Western Canadian Producing Region

14.332.1. The provinces of british columbia and alberta

14.333. Western Plywood

14.333.1. plywood produced mostly in those portions of washington and oregon ease of the cascade mountains, and in montana and idaho, using douglas fir, hem-fir, fir and larch,and white woods. The term sometimes is used more broadly to include softwood plywood produced west of the cascades as well.

14.334. Wet Bin

14.334.1. a storage bin for green wager or strands prior to drying

14.335. White Lumber

14.335.1. Treated 2-inch southern pine lumber generally sells for $50-65 per thousand more than the price of the same size and grade of untreated lumber

14.336. Wholesaler

14.336.1. Businesses that buy large volumes of lumber and/or panels, provide some type of service connected with them, and finally sell those products again, usually in an unaltered form

15. Canadian Lumbermens Assocation