Based in Houston, Texas, Sandbox Logistics provides its clients with proppant delivery solutions that streamline proppant delivery and improve safety by putting fewer trucks on the road and fewer personnel on-site. In line with its growth strategy, SandBox Logistics intends to double its market share within 12 to 18 months by scaling up its fleet, expanding current relationships and adding more clients, and creating new markets for its product.
Well-defined goals, particularly those that follow the SMART acronym (specific, measurable, achievable, realistic, and time-bound), not only provide motivation, they can also be quantified and used to measure the growth of a business. Company growth can also be determined by assessing its customer base. Referred to as operational growth, a growing business should be adding customers and/or improving the quality of existing ones by building customer loyalty.
Market capitalization, for public companies, is the measurement of their overall value is frequently used to measure growth over time as well as an and is often used by financial professionals to assess the size of a company. Additionally, workforce, revenue, market share, and profit growth are all measurable indicators of company growth.
HOUSTON--(BUSINESS WIRE)--Halliburton (NYSE: HAL) today announced it has selected SandBox Logistics, a U.S. Silica company (NYSE: SLCA) as its preferred provider for containerized sand delivery, pursuant to a long-term agreement.
Sandbox’s delivery solution offers significantly improved operating efficiencies, a safer work environment and cost savings relative to current proppant delivery systems. “Logistics is an important part of the supply chain and one of the parts that gets the tightest in today’s environment is the last-mile component,” said Jeff Miller, president of Halliburton. “Sandbox’s containerized system helps enhance our ability to provide our customers with better service quality by providing a safer, more efficient delivery system.”
“We’re very pleased to be chosen by Halliburton to provide a proven containerized delivery solution which will enable them to flex quickly with customers and markets and maximize the value of their logistics assets,” said Bryan Shinn, U.S. Silica president and chief executive officer. “Our agreement with Halliburton further establishes Sandbox as an industry leader in last mile containerized delivery solutions.”
Founded in 1919, Halliburton is one of the world's largest providers of products and services to the energy industry. With approximately 50,000 employees representing 140 nationalities, and operations in approximately 70 countries, the company serves the upstream oil and gas industry throughout the lifecycle of the reservoir – from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction, completion and production optimization. Visit the company’s website at www.halliburton.com. Connect with Halliburton on Facebook, Twitter, LinkedIn, and YouTube.
About U.S. Silica
U.S. Silica Holdings, Inc., a member of the Russell 2000, is a leading producer of commercial silica used in the oil and gas industry, and in a wide range of industrial applications. Over its 117-year history, U.S. Silica has developed core competencies in mining, processing, logistics and materials science that enable it to produce and cost-effectively deliver over 260 products to customers across our end markets. The Company currently operates nine industrial sand production plants and nine oil and gas sand production plants. The Company is headquartered in Frederick, Maryland and also has offices located in Chicago, Illinois, and Houston, Texas.
SandBox Logistics is a privately held company specializing in the storing, handling, and delivering of hydraulic fracturing proppant.