A lumber stacking and strapping system can provide a single-station solution for both lumber stacking and package strapping. In addition, the package strapping system may apply multiple straps simultaneously to the package. For example, a package stacking and strapping system can provide not only a mechanism for formulating a package of lumber one layer at a time, but also a mechanism for lowering a completed package directly into a compression and strapping station, such as using the lumber stacker package accumulation hoist. The stacking and strapping system can then simultaneously apply strapping around the package in multiple positions along the length of the package, with bottom battens and top corner protectors further supplied and strapped into place as desired. A method for stacking and strapping a package in a single location is also provided.