After setting one record high after another in the early weeks of 2018, the weekly DAT Dry Van and Reefer Barometers have pulled back but remain in a strong growth range.
Recent increases in oil prices have revived some debate over the effect that oil has on the economy and freight markets. While evidence suggests that the recent increase has helped growth, there are some limits to the benefit that the market can gain from higher oil prices.
The newest frac sand company, Covia Holdings, was born out of a merger last month. It’s also the largest, with a market cap exceeding $2.2B. We discuss recent shifts in frac sand supply, demand, and sourcing.
The intensifying shortage of drivers is the result of several key issues relating to supply, demand, and new regulations—and is expected to have a significant impact on oil supply.
The shale oil revolution has increased the intensity of fracking activity, and coordinating the delivery of sand, chemicals, and equipment to sites has become more complex. PropDispatch is a digital solution.
The enormity of the trucking industry can be realized by looking at the myriad of industries that depend on freight hauling for their sustenance and growth. Add the fracking industry to that list as frac sand has become a major commodity.
The boost in one sector of the economy ultimately leads to boosts in other sectors, either directly or indirectly. This is the case with oil extraction in North Dakota and it has helped drive the growth of trucking services in that region and nearby Canada.
