Tag Archives: shipping

Along with earnings last week, Union Pacific reported that their minerals volume increased 71% in the quarter, driven by an increase of over 100% in sand shipments due to improving well completions and increased proppant intensity per well. How long will the growth in railed sand shipments last and what …

A few weeks ago, we penned an update titled: “Unintended Consequences – The Crude Price Risk Factor No One Is Talking About… Yet.” Today, we bring you two new datapoints in that narrative. As a reminder, the risk thesis begins with a pending structural transformation in an end market for the heavier …