Dive Brief:

• David Steiner, the president of Waste Management was featured in the Wall Street Journal, where he addressed issues facing the recycling industry.
• He talks about the changes that have caused the materials pricing to fall, while conversion costs are rising.
• Steiner says that for the first time in almost 15 years, Waste Management lost money in recycling in its fourth quarter in 2013.

Dive Insight:

Steiner has been open about the challenges Waste Management is experiencing in the current age of recycling. Conditions are not favorable in regard to profitability for the investment into recyclables. He says new technologies are necessary to create different sources of revenue and new contracts.