Our Mission Statement
As a responsible partner TP delivers to clients, employees and the industries we serve the confidence to drive value through the effective use of our diverse professional team.
As a responsible partner TP delivers to clients, employees and the industries we serve the confidence to drive value through the effective use of our diverse professional team.
Business Notes
ECONOMY EXPANDS 2.9% IN THIRD QUARTER
After just 1.4% growth in Q2, this was welcome news. Surging exports and greater inventory investment and federal spending made Q3 the best quarter for the economy in two years, according to the Department of Commerce. The federal government’s core PCE price index was up 1.7% for the quarter versus 1.8% in Q2.1
PENDING HOME SALES REBOUND
The National Association of Realtors noted a 1.5% gain in housing contract activity in September, following a 2.5% downturn in August. The August S&P/Case-Shiller home price index revealed a 5.3% annual rise in U.S. home values.2
Citations.
1 - investors.com/news/economy/economy-grew-2-9-in-q3-faster-than-expected/ [10/28/16]
2 - marketwatch.com/economy-politics/calendars/economic [10/28/16]
When it comes to life the critical thing is whether you take things for granted or take them with gratitude.
Gilbert K. Chesterton
Our offices will be closed on November 24th and 25th in celebration of Thanksgiving. As always, we are thankful for the many blessings received throughout the year. We wish everyone a very Happy Thanksgiving.
To further clarify this we will start with ALSC's updated definition in their Wood Packaging Material Enforcement Regulations, November 7, 2014 which states in Section 1.5: "Dunnage, as defined by ISPM 15 is wood packaging material used to secure or support a commodity but which does not remain associated with the commodity. As dunnage is a wood packaging product available as an individual piece of lumber it is a product with special considerations. Those considerations are:
1. Dunnage is not intended for use in the construction of wood packaging material pallets, crates, boxes, etc.
2. The seller shall inform its customers of the requirements of its use."
It is important to remember that the goal of the dunnage mark is to protect manufacturers from the misuse of individual pieces of lumber that would otherwise have a regular IPPC mark on them. For this reason, dunnage marked material should be maintained as individual pieces and cannot be used to construct multi-component WPM that will remain associated with the commodity. It is recommended that any individual pieces of wood that will not be assembled to other wood receive a dunnage mark.
There are gray areas to this such as an allowance for the construction of multi-component bracing for the inside of a 40' shipping container as long as it does not stay with the commodity. As a general rule, if it is an individual piece of wood that will not be assembled to other wood, regardless of whether it stays with the commodity or not, it should receive a dunnage mark. Sometimes determining when to use a dunnage mark can be confusing so please contact your inspector or our office with any questions or to discuss your specific situation.
One final note, dunnage can also be reused as long as the mark remains fully legible.