The Dodge Momentum Index fell 4.3 percent in September to 129.0 from its revised August reading of 134.8 (2000=100). The Momentum Index is a monthly measure of the first (or initial) report for nonresidential building projects in planning, which have been shown to lead construction spending for nonresidential buildings by a full year.
Read MoreMonth: October 2016
Going From Big to Bigger
Oct. 4, 2016 – I just returned from Las Vegas, where I attended MINExpo. It was a great show, with vibrant attendance and a lot of product introductions. Even with a down coal industry and a flatlined mining industry, the show was exceptional. And there were a lot of aggregates guys there which was great to see. International attendance was also…
Read MoreSummit Materials Hires Ryan
Summit Materials Inc. announced that it has appointed Noel R. Ryan III as its new vice president, investor relations. Ryan has more than 15 years’ experience in the investor relations and capital markets industries, most recently serving as vice president and head of investor relations and external communications for Calumet Specialty Products Partners L.P., a publicly traded producer of specialty…
Read MoreThis Week’s Market Buzz
According to BayStreet.ca Media Corp, shale boomers’ efforts to stay afloat amid the worst of the price crisis were centered on cost-cutting and efficiency improvements. A lot of companies managed to significantly improve their yields of oil and gas per well simply because they started using more and more sand. All the major U.S. shale drillers are ramping up their…
Read MoreSelect Sands Agrees to Deal with Ozark Premium Sand
Select Sands Corp. announced that it has entered into a binding agreement with Tutle Holding, LLC and Steve Hackmann, Ozark Premium Sand LLC (OPS) pursuant to which Select Sands’ wholly owned subsidiary, American Select Corp., will purchase certain OPS equipment and shall have the option to purchase OPS’ dry processing plant, operating equipment, saleable inventory and customer lists amongst other…
Read MoreHi-Crush, Fairmount Restart Wisconsin Operations
Two frac sand mines have resumed operations near Eau Claire and Menomonie, Wis., after more than a year-long downturn in demand for the sand used in drilling for oil and natural gas, according to Rich Kremer at Wisconsin Public Radio.
Read MoreEOG Plans Big Drilling Increase
EOG Resources will revise its hydraulic fracturing plans upward by 30 percent in 2016, despite the price of oil falling below the $40 per barrel mark. As reported by Oil and Gas Investor (OGI), the revised numbers from the Houston-based company indicate how strong shale companies, particularly those with heavy oil-reserve land, are surviving. Other firms have faltered en…
Read MoreFluid Bed Dryer Design Prevents Product Attrition
Vibrating fluid bed dryers and coolers from process equipment manufacturer The Witte Co., Washington, N.J., are engineered with a series of proprietary design innovations that protect and maintain particle size and shape during processing to prevent costly product attrition.
Read MoreFatality at Virginia Quarry
The Mine Safety and Health Administration (MSHA) reported that on Sept. 21, 2016, a 52-year-old contract drill operator with 27 years of experience, was killed at Holston River Quarry Inc. in Virginia. The victim was performing maintenance on a truck-mounted rotary drill.
Read MoreBaldor Dodge MagnaGear XTR
The Baldor Dodge MagnaGear XTR, engineered with Baldor Dodge planetary and helical gear technology, is the ultimate advancement in speed reducers, according to the company. MagnaGear XTR reducer’s simple power-dense design offers torque ratings from 100,000 to 3,500,000 in.-lb. assuring increased reliability in a more compact, economical, heavy-duty package. With this torque range, MagnaGear XTR reducers will accommodate horsepowers of…
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