The Dodge Momentum Index fell 1.8% in October to 127.5 (2000=100) from the revised September reading of 129.8. The Momentum Index, issued by Dodge Data & Analytics, 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 MoreDay: November 6, 2020
Metso Outotec Introduces Full Line of Discharge Pumps for Slurry Handling
Metso Outotec introduces a full line of mill discharge pumps for reliable and efficient slurry handling in minerals processing.
Read MoreVoters Approve Record 94% of Transportation Investment Initiatives
Voters in 18 states have approved a record 94% of state and local ballot initiatives to date, providing an additional $14 billion in one-time and recurring revenue for transportation improvements throughout the country, according to an analysis by the American Road & Transportation Builders Association (ARTBA).
Read MoreBaker Hughes Expands into Carbon Capture
Baker Hughes said it is acquiring Compact Carbon Capture (3C), a pioneering technology development company specializing in carbon capture solutions. The acquisition underpins Baker Hughes’ strategic commitment to lead in the energy transition by providing decarbonization solutions for carbon-intensive industries, including oil and gas, and broader industrial operations.
Read MoreHaliburton Bullish Despite Losses
Halliburton Co. reported a net loss of $17 million, or $0.02 per diluted share, for the third quarter of 2020. This compares to a net loss for the second quarter of 2020 of $1.7 billion, or $1.91 per diluted share.
Read MoreU.S. Silica Sand Sales Up 15%
U.S. Silica Holdings Inc. announced third quarter 2020 results, including revenue of $176.5 million compared with $172.5 million in the second quarter of 2020, up 2% sequentially and down 51% from the third quarter of 2019.
Read MoreSource Energy Services Sees Increase in Sand Volumes
Source Energy Services reported results for the third quarter of 2020 that reflect a rebound in activity levels in the WCSB, favorably impacting sand sales volumes which increased by 11% compared to the third quarter of 2019. While higher volumes were achieved, sand revenue and total sales revenue were lower by $2.4 million and $1.3 million, respectively, for the third…
Read MoreThis Week’s Market Buzz
• Oil prices fell sharply at press time, with Brent Crude, the global benchmark, falling as much as 5% before paring losses to trade 2.3% lower at $37.07 a barrel. West Texas Intermediate, the U.S. benchmark, was down 2.7% at $34.82 a barrel.
Read More