Dive summary:
- After a four-year push to end the mafia's control over New York waste collection, it is still difficult for private collectors such as Waste Management and Republic to make their way in.
- Waste Management and Republic has pretty much given up on the more than $2 billion New York City market, which produces about 22,000 tons of trash every day, only Toronto-based Progressive Waste has trucks on the road.
- Making money in waste collection is abnormally difficult in New York because they are the only market that caps the rate trash haulers can charge for service.
From the article:
Instead, Waste Management and Republic have all but given up on this $2 billion-plus market, say analysts. They have scaled back most garbage-collection operations in recent years, leaving just a few transfer stations and landfills, mostly in the outer boroughs.
Why? Mainly, it's tough for the companies to make money in New York, the only market that caps the rate trash haulers can charge for collections, says David Biderman, head of the New York chapter of National Solid Wastes Management Association. ...
