Congrats on the new truck!
I'm not trying to be an azz, but if you bought this truck for picking up wood, you definitely bought the wrong truck. While 1/2 ton trucks (such as the F150) basically look like their more heavy duty counterparts, they are not built to do any significant 'work'. The 3/4 and one ton versions have a much beefier axle(s), suspension, and brakes, which make them MUCH better suited for hauling/pulling wood or other heavy loads. The 1/2 tons are great trucks, but they aren't built to carry much more weight than they are rated for. There are countless documented cases of guys overloading 1/2 ton trucks where significant damage is the result... and it doesn't take much weigh to do it. By contrast the 3/4 and 1 ton trucks can handle a LOT more than they are rated for (although maybe not legally) w/o fear of something breaking. If you are planning to haul a lot of wood with this truck, you should consider getting a trailer, or just keep heavy wood well below the rails.
Again, congrats on the new truck, it looks nice.