Weyerhaeuser may sell assets
From Times Wire Services
Lumber producer Weyerhaeuser Co. said it would seek alternatives for its Westwood Shipping Line and four regional railroads. A timetable for the process hasn’t been confirmed, the Federal Way, Wash.-based company said.
Weyerhaeuser’s sales of units including fine paper and industrial packaging have spurred speculation that the company is moving to turn itself into a real estate investment trust to reduce taxes on profit from its 5.6 million acres of U.S. timberlands.
