SOURCE: Industrial Info Resources

Industrial Info Resources

June 07, 2013 06:10 ET

North American Terminals Industry Sees Increased Spending, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwired - Jun 7, 2013) - Written by John Egan for Industrial Info Resources (Sugar Land, Texas) -- Capital and maintenance project spending in the North American Oil & Gas Terminals Industry is up sharply over last year, and a trend toward increased project spending looks like it will continue for the next 12 months. Through April, construction started on about $1.2 billion of terminals projects in the U.S. and Canada, about 42% more than the value of the industry's construction starts for the comparable January-April 2012 period. Over the next 12 months, capital and maintenance spending related to Terminals is scheduled to reach about $7.4 billion across all of North America, according to Industrial Info's North American Oil, Gas & Chemical Terminals Database.

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