The Independent Equipment Dealers Association (IEDA) announced its new president and board members during the association’s Annual Meeting and Vendor Expo in Orlando, Fla. Members of the IEDA board of directors serve a maximum of two consecutive years and are responsible for establishing industry best practices and quality used equipment standards. The association’s incoming president is Kevin Fox of Dewitt Equipment Co.,…
Read MoreMonth: May 2017
Hi-Crush Touts Higher Sales; Successful First Quarter
Hi-Crush Partners reported first quarter 2017 results. Revenues for the quarter ended March 31, 2017, totaled $83.4 million on sales of 1,384,887 tons of frac sand. This compares to $67.3 million of revenues on sales of 1,358,511 tons of frac sand in the fourth quarter of 2016. The limited partners’ interest in net loss was $5.4 million for the first…
Read MoreMammoth Energy Service’s Proppant Segment Up 178 Percent
Mammoth Energy Service Inc. reported financial and operational results for the three months ended March 31, 2017.
Read MoreFrac Sand Production Predicted to Exceed 2014 Levels
The frac sand sector has re-entered bullish territory in 2017 as demand is expected to exceed peak 2014 levels before the end of the year, according to a report by Thomas Jacob, a consultant with IHS Markit.
Read MoreUSGS: 72 Percent of Industrial Sand Used as Frac Sand
The U.S. Geological Survey (USGS) has released its latest Minerals Yearbook report on industrial sand and gravel.
Read MoreThis Week’s Market Buzz
• Fairmount Santrol released its 11th annual Corporate Social Responsibility (CSR) Report, “Staying True,” which highlights the company’s collective commitment to Sustainable Development (SD), as well as the many accomplishments of Fairmount Santrol Family Members in 2016. Family Members achieved 101 percent of the 2016 SD team goals and individual facilities achieved 97 percent of their SD goals, while shipping…
Read MoreDodge Momentum Index Loses Steam in April
The Dodge Momentum Index fell 5.1 percent in April to 133.8 (2000=100) from its revised March reading of 140.9. 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 MoreACG Materials Acquires North Florida Rock
H.I.G. Capital LLC (HIG), a private-equity investment firm, announced that its portfolio company, ACG Materials – a vertically integrated producer and processor of industrial minerals and aggregates including gypsum, limestone, sand, gravel and downstream food, pharmaceutical and plaster products – has acquired North Florida Rock Ltd (NFR).
Read MoreConstruction Materials Segment Down at MDU Resources
MDU Resources Group Inc. reported 12 percent higher first-quarter earnings from continuing operations of $35.5 million, or 18 cents per share, compared to first quarter 2016 earnings from continuing operations of $31.6 million, or 16 cents per share.
Read MoreGas Tax Cut in Wisconsin?
May 3, 2017 – A sweeping Republican proposal to fund transportation and cut taxes would flatten income tax rates, lower the gas tax and raise new funding for roads by applying the sales tax to gasoline, according to an article in the Wisconsin State Journal. The goal of the plan, which is subject to change, is to hold gas prices steady by lowering the…
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