SOUTHEAST Continued pany
SOUTHEAST Continued pany has been living a “hand to mouth” existence with logs because of the rainy weather. Overall, his Hardwood market has been just fair: “Domestically, our FAS is OK. Our No. 1 Common business is pretty soft. Our Nos. 2 and 3 business is fine. Exports, all grades of 4/4 Red Oak are moving phenomenally,” he reported. “Our problem there is ships, getting boats in a timely fashion. We’ve only got onethird of the vessels in current rotation, coming from China to the port of Mobile, so we’re actually having to sit on inventory that we could ship.” Hardwood crossties are his best-selling lumber product, while Red Oak (FAS) in 4/4 and 5/4 thicknesses is the topselling grade lumber. Customers are distributors, moulding and cabinet manufacturers. “What we’re hearing in Georgia and the Carolinas is construction projects that were going when this pandemic started are able to continue, but many states are not allowing new projects to begin. So that stalemated a lot of my cabinet and furniture manufacturers,” the contact said. n WEST COAST Continued from page 8 ucts, such as cabinetry and architectural millwork, who are occupied with “fire rebuilds” and institutional work. “If you want the Reader’s Digest version, it’s just not as busy as it was two or three weeks ago,” the source concluded. Poplar in upper grades in mainly 4/4 thickness is his topselling Hardwood, followed by Cherry, Hard Maple (Select and Better, Nos. 1 and 2 white) and Walnut. “I’ve been doing this since 1980 and I’ve been through six recessions. You just have to make sure that you’re not carrying a lot of debt,ˮ the lumber source remarked. n ONTARIO Continued from page 10 ment (PPE) needed to fight the COVID-19 virus. Over the past few months, the federal government has provided funding assistance to individuals, families and to businesses through the launch of its COVID-19 Economic Response Plan, which provides nearly 0 billion. This includes secondary wood product manufacturers, industry suppliers and their employees impacted by the pandemic. The Plan includes a temporary wage subsidy program for employers, a new loan program for businesses, and deferred payment deadlines for income tax and Goods and GTL LUMBER 16 Dry Kilns 800,000 BF Dry Kiln Capacity 2,000,000 BF Air Dry Capacity GRAF & THOMAS LUMBER GTL Lumber, Inc. (est. 02/19) 4/4 Rift & Quartered - White Oak • Poplar 4/4 Plain Sawn - White Oak • Hickory • Poplar • Red Oak SLR2E & HM Available Contact: Erin Cox 740-250-4227 • erin@gtllumber.com Graf & Thomas Lumber (est. 02/17) 4 Log Yard Locations Vanceburg, KY • Grayson, KY • South Shore, KY • Ironton, OH Container Logs - Ties - Timbers - Crane Mats - Cants Contact: Damon Graf 740-727-1003 • damon@grafwood.com 4 LOG YARDS 2 SAWMILLS 40 JUNE 2020 n NATIONAL HARDWOOD MAGAZINE
Services Tax / Harmonized Sales Tax. In addition, each Canadian provincial government approved rescue packages of varying types to assist its respective businesses and residents. Here are some links to national and provincial COVID-19 relief programs, for more information and resources: Support for Businesses: • Canada Emergency Wage Subsidy covers 75 percent of salaries for qualifying businesses for up to three months, retroactive to March 15, 2020. • Organizations that do not qualify for the Canada Emergency Wage Subsidy may qualify for the Wage subsidy of 10 percent of remuneration paid from March 18 to before June 20, 2020. • Work-Sharing program extended from 38 weeks to 76 weeks; for workers who agree to reduce their normal working hours because of developments beyond the control of their employers. • The Business Credit Availability Program provides billion of additional support through the Business Development Bank of Canada and Export Development Canada, and includes loan guarantees up to .25 million for small and medium-sized enterprises. • All businesses allowed to defer, until after August 31, payment of any income tax amounts that become owing on or after March 18 and before September 2020. This relief would apply to tax balances due, as well as installments, under Part I of the Income Tax Act. • No interest or penalties will accumulate on these amounts during this period. Support for Workers: • Canada Emergency Response Benefit provides 0 a week for up to 16 weeks for employees and self-employed individuals who have stopped working because of COV- ID-19. Participants must have earned ,000 in 2019 or the past 12 months to qualify. • New employee sickness benefits to individuals who are sick or quarantined because of COVID-19. Participants do not have to be eligible for employment insurance to qualify. The benefit is available from March 14 to Oct. 3. • The government is working with banks to offer customers solutions to help customers manage hardships caused by COVID-19 on a case-by-case basis. This includes permitting lenders to defer up to six monthly mortgage payments for impacted borrowers. Essential Businesses: The Canadian government has developed guidelines for critical services, some of which are superceded by individual provinces. The list includes workers who support the manufacture and distribution of Please turn the page • Industry Leading Kiln Controls • Installation Services & Turn-Key Packages www.nyle.com - kilnsales@nyle.com - (800) 777-6953 JUNE 2020 n NATIONAL HARDWOOD MAGAZINE 41
