According to the latest market research report by Technavio, the global frac sand market is expected to grow at a Compound Annual Growth Rate (CAGR) of more than 10 percent until 2020.
Read MoreMonth: June 2016
This Week’s Market Buzz
Oil prices turned higher as investors weighed data showing a drop in U.S. crude supplies against the Organization of the Petroleum Exporting Countries’ decision not to freeze production. The U.S. data demonstrated how more than a year of low prices and spending cutbacks by oil companies are leading to shrinking supplies, helping reduce the oversupply of crude oil without intervention…
Read MoreHyundai Construction Equipment Adds Four Dealers
Hyundai Construction Equipment Americas announced the expansion of its North American authorized dealer network with the addition of four dealerships, including three in the United States and one in Canada. Joining the Hyundai authorized dealer network are Columbia, Mo.-based EquipmentShare, serving northern and eastern Missouri; Belmont, Ohio-based RECO Equipment Inc., serving Ohio, Indiana, eastern Kentucky and eastern Tennessee from multiple locations;…
Read MoreConstruction Spending: Healthy Gains Year-Over-Year
The U.S. Census Bureau of the Department of Commerce announced that construction spending during April 2016 was estimated at a seasonally adjusted annual rate of $1,133.9 billion, 1.8 percent (±1.3 percent) below the revised March estimate of $1,155.1 billion. The April figure is 4.5 percent (±1.6 percent) above the April 2015 estimate of $1,085.0 billion.
Read MoreSupreme Court Rules Against EPA
The U.S. Supreme Court ruled unanimously on May 31, that a landowner can appeal a determination from the Army Corps of Engineers that a water body is subject to federal jurisdiction and permit requirements under the Clean Water Act through the federal court system.
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