Collections & Transfer: Page 7
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Recology SF corruption investigation
Second former Recology employee sentenced in San Francisco corruption case
Paul Giusti, who started on a Sunset Scavenger truck over 40 years ago, previously pleaded guilty to facilitating bribes for a former public works director. Judge William Orrick noted this was part of a broader company culture issue.
By Cole Rosengren • Dec. 15, 2023 -
Republic Services pays $100K settlement for truck violations
The hauler has set ambitious fleet modernization targets but allegedly failed to ensure compliance with California’s truck emissions rules from 2018 to 2020, the U.S. EPA announced.
By Jacob Wallace • Updated Dec. 13, 2023 -
Heritage-Crystal Clean to pay $1.16M in penalties for violating hazardous waste regulations
The waste services provider must implement numerous compliance measures after the U.S. EPA and DOJ announced it violated RCRA regulations related to managing, transporting and storing certain solvents.
By Megan Quinn • Dec. 8, 2023 -
What’s next for Hainesport Transportation Group, including Michigan rail project
CEO Darryl Caplan and investment partner Dickson Suit lay out their strategy for how the New Jersey-based company is ramping up its position to transfer more C&D volumes out of the disposal-constrained Northeast.
By Cole Rosengren • Dec. 7, 2023 -
Republic Services acquires Indiana hauler, transfer station operator
Wallace Bros. Disposal & Recycling had been a family-run operation since 1996. The transaction is one of multiple to occur in the region in recent years.
By Cole Rosengren • Dec. 5, 2023 -
Haulers call for New York rate cap increase due to rising disposal and containerization costs
Comments from Waste Connections, the National Waste & Recycling Association and others requested an increase of at least 9% to account for rising expenses such as tip fees and a pending congestion pricing toll.
By Cole Rosengren • Dec. 4, 2023 -
Deep Dive
Has the waste and recycling industry’s multiyear M&A boom peaked?
Experts from Stifel, Houlihan Lokey, Comerica Bank, Raymond James, Waste Connections and others weigh in on the latest trends involving valuations, private equity, environmental services, antitrust and more.
By Cole Rosengren • Nov. 27, 2023 -
Waste Connections’ Mittelstaedt talks industry changes, improvements during time away from CEO job
Ron Mittelstaedt discussed how trends in sustainability, technology and investor interest are “rapidly changing” the waste industry during a session at the Corporate Growth Conference.
By Katie Pyzyk • Nov. 21, 2023 -
Teamsters continue labor fight in Republic Services’ backyard
The union is facing an uphill battle as it attempts to negotiate its first contract for 286 employees across three unionized Republic yards in the Phoenix area.
By Jacob Wallace • Nov. 20, 2023 -
Mack Trucks workers vote to ratify 5-year UAW labor agreement
The agreement comes after more than a month of striking at five Mack plants, including one that assembles its refuse collection vehicles.
By Jacob Wallace • Nov. 17, 2023 -
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