Rubicon stock begins trading, company reports nearly $197M in proceeds from SPAC deal

The Kentucky-based technology company has started trading on the New York Stock Exchange under the symbol RBT, with plans for further expansion following the new influx of capital.

By Cole Rosengren • Aug. 16, 2022

Biogas industry applauds House passage of Inflation Reduction Act with ‘historic’ implications

Anaergia and the American Biogas Council said new tax credits and other provisions will be a boon for anaerobic digestion and landfill gas projects. The bill also has implications for Superfund projects and corporate tax policy.

By Megan Quinn • Aug. 15, 2022

How WIN Waste Innovations’ unique set of WTE, landfill and rail assets positions it for industry expansion

In an exclusive interview at its headquarters a little over a year after the company's formation, CEO Robert Boucher discussed a possible IPO, upcoming ESG initiatives and the outlook for legacy Wheelabrator facilities.

By Cole Rosengren • Aug. 11, 2022

Public waste companies have spent nearly $3.9B on M&A so far this year

WM plans to get back in the mix with a greater level of spending, while Republic Services, Waste Connections, GFL Environmental and Casella Waste Systems remain quite active. 

By Cole Rosengren • Aug. 10, 2022

Inflation Reduction Act heads to House with biogas and fleet provisions intact

Tax credits to build biogas projects and expand alternative fuel vehicles remain part of a major climate bill that could see a final vote this week. New language taxing stock buybacks would affect large waste companies, but minimally.

By Megan Quinn , Cole Rosengren • Updated Aug. 10, 2022

New York City rolling out ‘largest curbside composting program in the nation’ with Queens expansion

After years of budget cuts and political shifts, the Department of Sanitation says this latest organics recycling iteration will be its most cost-effective and efficient approach yet. Drop-off bins are also being added in other boroughs.

By Cole Rosengren • Aug. 9, 2022

Biden signs CHIPS bill, spurring hopes that supply chains for waste equipment will improve

Waste and recycling groups have previously said they hope the $52.7 billion investment in semiconductor manufacturing and related research can ease longstanding delays for trucks and other equipment.

By Megan Quinn • Aug. 9, 2022

Recession or not, waste and recycling companies say outlooks remain strong

Regardless of the direction of the economy, industry execs on earnings calls pointed to waste volume trends, wage rates, price increase acceptance, and experience with past downturns to express confidence.

By Cole Rosengren , Maria Rachal , Megan Quinn • Aug. 8, 2022

Stericycle bounces back in Q2 after slow start to the year

CEO Cindy Miller says a stronger labor pool, pricing levers and new infrastructure efficiency projects such as an automated sharps processing system will help improve business for the rest of 2022.

By Megan Quinn • Aug. 5, 2022

Republic Services eyes $600M in 2022 acquisition spending outside of US Ecology

With the recently purchased environmental solutions business delivering on planned cost savings, Republic’s future pipeline will focus primarily on recycling and solid waste transactions, execs said during their earnings call.

By Maria Rachal • Aug. 5, 2022

What the Inflation Reduction Act proposal means for biogas producers and alternative fuel vehicles

Supporters such as the American Biogas Council and RNG Coalition say several provisions could help grow RNG markets, but the National Waste & Recycling Association says a corporate tax hike will hurt business.

By Megan Quinn • Aug. 4, 2022

Q2 earnings results for major waste and recycling companies

Catch up on the latest round of financial results from WM, Republic Services, Waste Connections, GFL Environmental, Casella Waste Systems, Clean Harbors and Stericycle.

Updated Aug. 10, 2022

Q2 recycling report: Commodity price peak may have subsided, MRF upgrades an ongoing priority

Follow the latest insights about market trends and investment priorities from executives at WM, Republic Services, Waste Connections, GFL Environmental and Casella Waste Systems.

By Cole Rosengren , Megan Quinn • Updated Aug. 5, 2022

Waste Connections expects to acquire at least $470M in revenue this year, pricing drives Q2 results

CEO Worthing Jackman previewed what he estimates will be “double-digit revenue growth in 2023” due to further M&A activity, solid waste pricing increases and revenues from E&P waste services. 

By Megan Quinn • Aug. 3, 2022

Clean Harbors says industrial reshoring is helping waste pipeline, reports Georgia acquisition

The environmental services company saw significant growth in its latest results, touting signs it thinks will continue in the months ahead. During their earnings call, executives also discussed capacity expansion, PFAS and ESG impacts.

By Cole Rosengren • Aug. 3, 2022

Rubicon on track to close $1.7B SPAC deal, go public this month following favorable shareholder vote

The Kentucky-based technology company is forecasting $736 million in revenue for the year, with big plans to expand organically and through acquisitions of other brokers once it finally goes public.

By Cole Rosengren • Updated Aug. 3, 2022

Casella hits $1B in annual revenue, updates guidance for second time this year

CEO John Casella attributed the “best quarter in company history” to pricing programs that covered cost inflation and growth from 11 acquisitions this year. Recycling and disposal capacity projects are also progressing.

By Megan Quinn • Aug. 1, 2022

GFL Environmental largely overcomes inflation through pricing and fuel charges, raises 2022 revenue guidance

Executives outlined ongoing efforts to recover direct fuel costs, similar to existing programs by major competitors, and shared an updated outlook on acquisition strategy given the inflationary environment.

By Cole Rosengren • July 28, 2022

WIN Waste Innovations buys Ohio hauler, creating platform for further regional expansion

Following WIN’s purchase of Waste Away Systems, CEO Robert Boucher says more Ohio acquisitions are likely as the Northeast company looks to expand its collection footprint and internalize volumes at two landfills in the state.

By Cole Rosengren • Updated July 28, 2022

Senate passes CHIPS bill, sparking hope microchip production will help waste equipment supply chain issues

The bill could strengthen availability of microchips, making it easier to source new trucks and equipment, supporters say. Language from a prior bill that would have banned e-scrap exports was not included.

By Megan Quinn • July 27, 2022

Oregon's EPR for packaging law committee begins detailed implementation process

Oregon DEQ’s rulemaking advisory committee is just part of the multi-year process to fully implement its EPR law, which also calls for changes to local recycling programs and standardizing recycling collection lists.  

By Megan Quinn • July 27, 2022

WM raises 2022 guidance, plans to restart notable M&A spending

CEO Jim Fish said during the company’s July 27 earnings call that even if an economic slowdown occurs, WM is well-positioned to gain market share. New investments in RNG projects and MRF automation are also progressing.

By Cole Rosengren • July 27, 2022

Connecticut's MIRA WTE facility finally closes, leaving many questions about regional capacity

The aging facility was handling 720,000 tons per year of waste, much of which is now getting landfilled. A legislative task force is assessing what comes next for the authority that operated it for decades.

By Cole Rosengren • July 27, 2022

Former Recology employee indicted for alleged San Francisco bribery, following prior charges

John Porter, formerly vice president and manager of the company’s San Francisco group, was previously charged for an alleged role in directing more than $1 million in benefits to a city official in exchange for favorable treatment.

By Cole Rosengren • Updated July 25, 2022

Houston under DOJ investigation for alleged environmental justice violations around illegal dumping

Latino and Black residents say the city ignored repeated calls to clean up illegal dumping in their area. The DOJ investigation is notable for its rare focus on a municipal solid waste department, but the city calls the accusations “baseless.”

By Megan Quinn • July 25, 2022