Two Firms Buy Motor Oil Recycling Firm

Two companies have bought motor oil recycling firm Thermo Fluids Inc. Wastewater and water company Heckmann Corp. of Coraopolis, Pa., partnered with the Chicago-based private equity firm CIVC Partners to buy Thermo Fluids (TFI) for $245 million in cash and Heckmann common stock, according to a...

By Sean Griffey • March 9, 2012

´The Love Boat´ is destined for the scrap heap

The former Pacific Princess, the boat from "The Love Boat" TV series, is being scrapped. A Turkish demolition company bought the vessel for a little more than $3.3 million (2.5 million euro), according to USA Today. The 19,903-ton, 600-passenger ship was built in 1971 for Flagship Cruises and dubbed the "Sea Venture." 

By Sean Griffey • March 9, 2012

Fake bomb shuts down Waste Management facility

A prank gift, made to look like a bomb, shut down a Waste Management Inc. site in Hillsboro, Ore., on March 8, according to a local news report. Hillsboro police said the item, described as flares taped together and attached to a clock, was discovered in a bag by a worker sorting through garba...

By Sean Griffey • March 9, 2012

Recycling Company Sells Holdings to United Resource

International Recycling Group (IRG) has sold its membership interests to United Resource Recovery Corp. (URRC). A subsidiary of New York-based GreenSteel LLC said in a news release it sold its IRG membership interest to the Spartanburg, S.C.-based URRC for an undisclosed amount. Other terms we...

By Sean Griffey • March 6, 2012

WM: Still no update from feds on remains in landfill

More than three months after the controversial federal government practice of dumping ashen remains of war heroes in a landfill was uncovered, the solid waste management company that unknowingly was on the receiving end continues to search for answers. Efforts by Waste Management Inc. to reach...

By Sean Griffey • March 6, 2012

Packaging companies look to solve green challenges

As global demand for rigid plastic packaging is rising, environmental awareness is increasing. In response, many manufacturers and retailers are moving towards greater sustainability, targeting both effectiveness and environmentalism with their rigid plastic packaging. Pira International Ltd.,...

By Sean Griffey • March 1, 2012

Waste Management Opens Organic Waste Recycling Facility in Arizona

Waste Management of Arizona opened an organic waste recycling facility in partnership with its subsidiary company. The unit of Houston-based Waste Management Inc. said in a news release it has launched the Maricopa Organics Recycling Facility at its Sierra Estrella plant. Waste Management will...

By Sean Griffey • Feb. 29, 2012

Progressive´s stock hit after taking impairment charge

Progressive Waste Solutions Ltd. took an impairment charge in the northeastern United States that severely impacted its earnings and led to its stock being down more than 9% this morning. Progressive took a noncash goodwill impairment charge of $360.6 million against earnings during the fourth...

By Sean Griffey • Feb. 29, 2012

WM workers help woman from car stuck on train tracks

Two Waste Management Inc. employees saved a woman on Feb. 23 after her car got stuck on train tracks as a train approached in Newark, Del. Monique Dyton was in the driver's seat while passenger, Christina Johnson, tried to push the car from the tracks, according to NBC 10 in Philadelphia. ...

By Sean Griffey • Feb. 24, 2012