Dive Brief:
- Although Waste Management is the behemoth of the waste industry, Waste Connections is proving to be a solid contender in the waste game, showing that small scale operations and the ability to provide services in a niche area can be assets.
- In 2013, Waste Connections increased prices by 3%, while Waste Management opted for a little over 1.5% rise in its rates. Waste Connections focuses on smaller markets, generally in rural areas, not urban centers like Waste Management.
- Oil field waste provides Waste Connections with 13% of its 2013 revenue. The company has a high market share in this industry, and stricter regulations are helping it achieve a high benefit-to-cost ratio.
Dive Insight:
As the third largest waste management firm, Waste Connections is poised to increase its profitability and expand its growth due to its avoidance of direct competition from other waste companies.
