Collections & Transfer: Page 2
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Volvo to receive $208M to accelerate heavy-duty electric truck production at Mack plants
The funds will modify plants in Maryland, Pennsylvania and Virginia, where Mack and Volvo will produce new equipment or powertrain components.
By David Taube • July 24, 2024 -
Waste Pro recieves first credit rating from Fitch as it charts long-term growth plans
Fitch noted Waste Pro’s strong presence in the Southeast and its residential and commercial contract stability. Waste Pro sought the new rating as it aims to refinance debt.
By Megan Quinn • July 23, 2024 -
Terex announces $2B deal for Environmental Solutions Group
The deal values Environmental Solutions Group, which includes brands like Heil and Soft-Pak, at 8.4 times its expected earnings for the year. Terex noted expected growth in the refuse vehicle market as one of its motivations.
By Jacob Wallace • Updated July 22, 2024 -
Pay rose for multiple waste and recycling CEOs in 2023, especially GFL
See the latest compensation data for executives at WM, Republic Services, Waste Connections, GFL Environmental, Clean Harbors, Stericycle, Enviri and Casella Waste Systems in our sixth annual report.
By Megan Quinn , Cole Rosengren , Jacob Wallace • July 22, 2024 -
WM acquires Winters Bros. Waste, a major New York company
Long Island’s largest independent hauler and recycler, which employs more than 500 people, has numerous assets in an area that faces strains from an upcoming reduction in regional disposal capacity.
By Cole Rosengren • Updated July 25, 2024 -
Proposed OSHA heat rule leaves waste industry with operational questions
Waste and recycling groups say the proposed standard raises practical questions of how to change schedules and other operations to better protect workers from the heat.
By Megan Quinn • July 11, 2024 -
Apex Waste grows in Colorado with 2 new deals, including WM sites
The Kinderhook-backed company is now vertically integrated after purchasing landfills and a MRF from Twin Enviro Services. Following these deals, Apex now services an estimated 100,000 customers.
By Cole Rosengren • Updated July 9, 2024 -
Rubicon CEO Rodoni resigns, company appoints interim leader
Osman Ahmed previously served as lead independent director and helped the company go public via a SPAC in 2022. This marks the latest in a series of changes at the waste brokerage company.
By Cole Rosengren • July 1, 2024 -
Hydrogen truck developer Hyzon narrows its target market focus
The company is refocusing its development to the waste industry and core markets in North America. After reviewing its operations, Hyzon will also explore a potential sale.
By David Taube • June 26, 2024 -
Clean Energy Fuels signs 15 new local contracts in first quarter
The company has been working to grow its network of fueling stations in tandem with its renewable natural gas production portfolio.
By Jacob Wallace • June 26, 2024 -
Industry group sues EPA over rule that set new emissions limit for refuse haulers
The Transport Project argues the EPA’s update to heavy-duty vehicle emissions standards, finalized in March, unfairly favors battery electric vehicles over biofuel-powered vehicles. The group’s membership includes WM.
By Jacob Wallace • June 25, 2024 -
Enviri outlines long-term plans for ‘complete suite’ of PFAS services, rail divestment
During an investor day event, Enviri touted plans to offer a broad range of PFAS services as part of its move to become a full-service environmental remediation company and potentially hit $2.7 billion in revenue by 2027.
By Megan Quinn • June 25, 2024 -
NYC officials spotlight commercial waste zone selection, pricing and M&A
A tense council hearing elicited more context about how the Department of Sanitation selected companies for coveted 10-year contracts but little new information on implementation timing beyond the first zone.
By Cole Rosengren • June 7, 2024 -
WM-Stericycle acquisition
WM CEO says medical business growth makes Stericycle deal an attractive fit
During the Stifel Cross Sector Insight Conference, WM executives shared more insight about how Stericycle’s positioning in the medical waste and recycled paper markets aligns well with their long-term plans.
By Megan Quinn • June 6, 2024 -
WM-Stericycle acquisition
WM to acquire Stericycle in $7.2B deal
WM sees the acquisition as a way to capitalize on anticipated growth in the healthcare waste sector and position itself as a “single, trusted provider” for numerous waste services.
By Megan Quinn • June 3, 2024 -
Rubicon president and CFO Schubert resigns; interim CFO named
Kevin Schubert is the second top executive to depart the company in recent months. The change comes as the company has trimmed its business in a bid to reach profitability.
By Jacob Wallace • May 31, 2024 -
GFL Environmental selling Detroit-area residential business to Priority Waste
The pending deal, which includes more than 70 municipal collection contracts in the region, could make Priority the largest residential service provider in the state.
By Cole Rosengren • May 31, 2024 -
Waste history group debuts at WasteExpo with vintage San Francisco truck
The Waste Industry Historical Society showcased an antique truck and a video about the evolution of Sunset Scavenger in San Francisco. The group aims to grow its reach and feature more companies.
By Cole Rosengren • May 24, 2024 -
Deep Dive
Battery electric, hydrogen or CNG trucks? WasteExpo attendees say all of the above
As fleet operators try to keep up with federal and state emissions reduction requirements, the technology available to them is advancing quickly. Executives discussed key themes related to range, cost and infrastructure in Las Vegas.
By Cole Rosengren • May 22, 2024 -
Rubicon pays down debt, discloses revenue for divested fleet tech business
In its first earnings report since a recent sale of assets, Rubicon shared an updated look at its financial standing. This included specific details on its software-as-a-service business that had not been reported before.
By Cole Rosengren • May 21, 2024 -
Apex Waste Solutions aims to scale in consolidated Colorado market
Apex launched with a goal of offering independent service after larger companies bought out many local haulers. Now, with private equity backing from Kinderhook, the company is growing quickly through its own purchases.
By Cole Rosengren • May 20, 2024 -
DTG Recycle names new CEO
Jordan Reber recently took the helm at the Washington-based company, which is backed by Macquarie. He brings experience with heavy equipment and leadership from multiple prior roles.
By Cole Rosengren • May 17, 2024 -
NWRA fleet safety program gets cohort of 10 smaller waste haulers
A partnership with Together for Safer Roads offers training for smaller operators that may not have the same resources as their larger competitors. Participants include Anchor Disposal, Balcones Resources and Rio Grande Waste Services.
By Cole Rosengren • May 14, 2024 -
Q&A
Waste Pro leaders talk employee training and growth plans in the Southeast
CEO Sean Jennings and COO Keith Banasiak say offerings like CDL and technician schools, plus a focus on customer service and selective acquisitions, could help them hit the $2 billion revenue mark in a few years.
By Megan Quinn • May 14, 2024 -
Mittelstaedt touts ‘significant’ labor improvements after returning as Waste Connections CEO
The company is making major labor and retention changes, investing in internal training and hiring and reducing voluntary turnover, CEO Ron Mittelstaedt said during WasteExpo.
By Megan Quinn • May 13, 2024