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West Fraser Timber Co Ltd (NYSE:WFG) is one of the best land and timber stocks to buy now. The Street expects West Fraser stock to pop nearly 20% from its current level.

On May 7, West Fraser Timber Co Ltd (NYSE:WFG) tapped Kodiak AI, Inc. for an autonomous logging pilot that could help it address the problem of driver shortage. Kodiak builds AI-powered self-driving vehicles for industrial applications.

West Fraser will try out Kodiak AI-powered autonomous trucks for log-hauling operations in Alberta, Canada. The initial work will involve West Fraser using the self-driving trucks to transport timber from forest sites to a processing facility. This pilot project will inform West Fraser’s decision regarding the future deployment of Kodiak AI-powered trucks for commercial driverless operations.

Kodiak’s autonomous driving technology is designed to handle complex industrial trucking conditions. With driverless trucks, West Fraser sees an opportunity to address driver shortages, enhance the safety of its log-hauling operations, and improve the consistency of log supply to the mills. The pilot will begin later this year. West Fraser anticipates spending between $300 million and $350 million on capital expenditures in 2026.

West Fraser Timber Co Ltd (NYSE:WFG) is a Canadian wood products company, providing materials used in new home construction, repair, and remodeling. Its product range includes oriented strand board, lumber, fibreboard, plywood, and pulp.

While we acknowledge the potential of WFG as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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