Collections & Transfer: Page 7
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AmWaste aims to scale with 3i investment after ‘quietly’ becoming sizable Southeast player
An infusion of growth capital by 3i North American Infrastructure helped AmWaste purchase disposal assets in Georgia, with more acquisitions to come. CEO Chip Russell outlines the company’s vision for expansion.
By Cole Rosengren • Nov. 13, 2023 -
Hainesport Transportation Group recapitalizes to expand its rail-served Northeast assets
The New Jersey-based company — which has assets such as a roll-off business, transfer station and Ohio landfill — has new backing from Tecum Capital and Environmental Services Investors.
By Cole Rosengren • Nov. 13, 2023 -
Austin, Texas, releases zero waste plan as population booms
The city’s goal of achieving a 90% diversion rate by 2040 remains ambitious, but Austin Resource Recovery is planning new infrastructure and expanded collections to help bridge the gap.
By Jacob Wallace • Nov. 10, 2023 -
Q&A
WM’s chief sustainability officer on the future of recycling
Tara Hemmer sees WM’s recycling investments as key to its overall sustainability strategy. Technology will allow WM to respond to customers’ changing sustainability needs in coming years, she said.
By Megan Quinn • Nov. 10, 2023 -
Rubicon marks progress 1 year after profitability plan, including contract with Austin, Texas
The waste broker and technology company said it has reduced expenses by $55 million on an annualized basis, among other trends that executives described as promising. Earnings are still on track to turn positive in Q4.
By Cole Rosengren • Nov. 9, 2023 -
Injury rates for waste industry workers rose in 2022
Injury rates rose just a year after the Bureau of Labor Statistics reported the lowest rates since 2006. Solid waste collection workers reported slightly fewer illnesses in 2022.
By Megan Quinn • Nov. 9, 2023 -
Leading waste and recycling companies spent $986M on M&A in Q3
WM, Republic Services, Waste Connections, GFL Environmental and Casella Waste Systems recently reported spending totals and shared their outlooks on the deal environment heading into 2024.
By Cole Rosengren • Nov. 7, 2023 -
Stericycle announces ‘workforce reduction’ plan, lowers guidance
Stericycle expects future efficiencies from its new ERP system but is facing headwinds from commodity volatility. It also divested businesses in the Netherlands and UAE.
By Megan Quinn • Nov. 6, 2023 -
CWST 2023 earnings
Casella reports ‘pivotal and exciting’ Q3 due to recent acquisitions and strong pricing
Casella raised revenue guidance and predicted a strong Q4 due to its retrofitted Boston MRF and operations it acquired from GFL.
By Megan Quinn • Nov. 3, 2023 -
GFL at ‘inflection point’ regarding debt leverage, executives say
The Canada-based company reported slightly elevated debt numbers as it continued to engage in M&A. But executives now believe GFL has a clear path to a better ratio into next year and see more profit potential from EPR.
By Jacob Wallace • Nov. 2, 2023 -
GFL Environmental acquires Capital Waste from Kinderhook, building Southeast presence
The transaction, announced during GFL’s Q3 earnings call, comes after the private equity firm fueled Capital’s growth in recent years. GFL CEO Patrick Dovigi said the deal happened after a competitor ran into antitrust delays.
By Cole Rosengren • Nov. 2, 2023 -
Casella hires former Covanta exec as CFO, Coletta remains president as part of ‘succession planning’
Brad Helgeson, who previously worked at Covanta for 15 years, is joining Casella next week. Current CFO Ned Coletta will continue on the executive team as part of a planned leadership transition at the Vermont-based company.
By Cole Rosengren • Updated Nov. 2, 2023 -
Q3 earnings results for major waste and recycling companies
Follow the latest results from WM, Republic Services, Waste Connections, GFL Environmental, Casella Waste, Clean Harbors, Stericycle and others.
By Waste Dive Staff • Updated Nov. 9, 2023 -
RSG 2023 earnings
Republic Services touts momentum into 2024, including Indianapolis polymer center
CEO Jon Vander Ark said recent price increases and upcoming investments should position the company for favorable margin expansion next year. The company also shared updates on its electric vehicle infrastructure.
By Cole Rosengren • Oct. 27, 2023 -
WCN 2023 earnings
Waste Connections reports Q3 growth despite costs from landfill and employee safety incidents
An ongoing odor issue at a California landfill and a slope failure in Texas could cost about $20M in Q4. Meanwhile, the company is planning employee training to reduce safety incident rates.
By Megan Quinn • Oct. 26, 2023 -
WM 2023 earnings
WM reports inflation headwinds are easing, shifts timing for certain sustainability projects
WM reported “strong results” in Q3, citing its pricing strategy as well as revenue growth in the collection and disposal lines and cost savings from attrition.
By Megan Quinn • Oct. 25, 2023 -
Tracker
Tracking GHG emissions of US waste management companies
Waste Connections’ latest report notes a reduction in emissions intensity, despite a near-term emissions increase due to acquisitions. Compare its emissions reporting with other waste companies, including Casella and WM.
By Megan Quinn , Jacob Wallace , Cole Rosengren • Updated Oct. 25, 2024 -
Coastal Waste expands in Florida with multiple waste, recycling acquisitions
The Macquarie-backed company’s acquisition of S&S Waste, In & Out Portables and AFS Recycling broadens its services and allows it to increase the amount of waste it processes internally.
By Megan Quinn • Oct. 18, 2023 -
NYC containerization
New York City seeks vendor to supply nearly 3.2M bins for residential container initiative
An upcoming rule, set to be phased in next fall, will lead to a new era of plastic bins for buildings with up to nine units. The city’s Department of Sanitation plans to bear no cost or responsibility for distribution.
By Cole Rosengren • Updated Oct. 16, 2023 -
UAW strike at Mack Trucks affects key refuse vehicle manufacturing facility
The 3,900-member strike includes a plant in Pennsylvania’s Lehigh Valley where Class 8 refuse trucks are assembled, including the company’s CNG and electric models.
By Jacob Wallace • Oct. 11, 2023 -
California Gov. Newsom vetoes bills on franchise agreements, SB 54 updates
Newsom also vetoed a plastic gift card ban and several bills related to packaging. He has yet to take action on a bottle bill update.
By Megan Quinn • Updated Oct. 11, 2023 -
Plan for these upcoming waste and recycling conferences
The National Zero Waste Conference is one of the next events on the calendar. Other upcoming events in 2024 will cover recycling, e-waste, MRF innovations, biogas, thermal conversion and more.
By Megan Quinn • Updated Sept. 18, 2024 -
Massachusetts awards $5M for recycling programs, with environmental justice focus
Priorities included pay-as-you-throw, curbside organics, textiles, mattresses and more. The annual grants come as MassDEP’s commissioner previewed plans to hire new staff through an “unprecedented” level of state funding.
By Cole Rosengren • Oct. 2, 2023 -
Recology meets cleaner fleet goal, announces new 5-year targets
The West Coast waste hauler and processor fuels 90% of its vehicle fleet via renewable or alternative fuels. It set new goals on landfill emissions and facility power.
By Jacob Wallace • Sept. 27, 2023 -
Rubicon completes reverse stock split to ensure NYSE compliance
The waste broker and tech company, which is targeting positive earnings during Q4, made the move to address financial strains since going public.
By Cole Rosengren • Sept. 27, 2023