Check out some interesting headlines around the industry this week.
World's 2nd Largest Private Coal Mining Company Files Chapter 11 (Construction Equipment)
Peabody Energy, the world's largest private-sector coal producer, has filed for bankruptcy protection in United States Bankruptcy Court for the Eastern District of Missouri. Trading on the NYSE was suspended immediately. Peabody (BTU) shares closed Wednesday at $2.07, down from its high of $299.10 in 2014. The company listed $10.1 billion in debts and $11 billion in assets, including ownership interest in 26 active mines in the U.S. and Australia. Shareholders with at least 5 percent of the company are Blackrock, Kopernik Global Investors, Vanguard Group, and Susquehanna Securities, according to the filing. Read more
Heavy Construction Equipment Market in North America 2016 Analysis and Forecasts to 2027 (Sys-Con Media)
The discovery of heavy equipment has proven to be backbone for construction industry. Since last decade, the construction companies have grown tremendously after coming into the existence of heavy construction equipment. The actual reason behind this invention was reducing the labor cost and time. The heavy construction equipment are majorly used in the operations of earthmoving, transportation, lifting, and material handling and so on. North America has already proven itself a big giant in construction industry and has been a major market for this industry. Read more
Caterpillar Introduces "The Smart Age of Iron" (Construction Equipment)
“The Age of Smart Iron," Caterpillar’s new strategy to be the industry leader in digital solutions designed to improve productivity, efficiency, safety and profitability was announced today a bauma 2016, the world's largest construction trade show. Caterpillar and Zeppelin Cat are exhibiting more than 60 products at bauma 2016. Read more
Utica Shale Natural Gas Production Soared in March, and Here's Why (Market Realist)
According to the EIA (US Energy Information Administration), the Utica Shale in eastern Ohio has become one of the fastest-growing natural gas producing regions in the United States. In its Drilling Productivity Report released on April 11, 2016, the EIA estimated that Utica Shale natural gas production reached ~3.6 Bcf (billion cubic feet) per day in March 2016. That’s ~1% more than production in February 2016 and 37% more than production in March 2015. In the past eight years, natural gas production at the Utica Shale has increased by more than ~22 times. Read more
