Physical properties of activated carbons prepared from pinewood at different activation times (0.5, 1.5, 2.7, and 4.0 h) in steam at 900 °C were studied. The adsorption equilibria and kinetics of three dyes and three phenols (phenol, 3-chlorophenol, and o-cresol) from aqueous solutions on such carbons were then examined at 30 °C. The adsorption isotherms of phenols could be well fitted by the Freundlich equation, and those of dyes were adequately described by the Langmuir–Freundlich equation. The effect of microporosity of the carbons on adsorption capacity was explored. Four simplified kinetic models including pseudo-first-order equation, pseudo-second-order equation, intraparticle diffusion model, and the Elovich equation were selected to follow the adsorption processes. The adsorption of all six adsorbates could be best described by the Elovich equation. The kinetic parameters of this best-fit model were calculated and discussed.