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.

Copyright © 2019, Los Angeles Times
EDITION: California | U.S. & World
68°