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While an ongoing downturn in the energy market skewed results, and other volumes remain down, the company's latest earnings report showed a resilient business. Annual guidance has been reinstated and M&A plans continue.
Q2 revenues and volumes were down, but this was offset by other savings and trends are improving. The company reiterated plans for upward of $650 million in M&A this year, largely driven by the pending Santek deal.
While volumes have been affected by the pandemic, especially in Canada, the company's rapid growth trajectory appears largely unaffected. Two new tuck-in deals were announced, with more in the pipeline, according to executives.
The standard, modeled after carbon credits, is backed by multiple large brands and described as complementary to EPR systems. The Recycling Partnership has been piloting it for one Florida project.
The Global Alliance for Incinerator Alternatives (GAIA) takes aim at an area of growing interest for the recycling industry. The plastics industry criticized GAIA's findings and argued chemical recycling offers economic opportunities.
The first full quarter to reflect the pandemic's effects saw stark volume and revenue declines. Catch up with Waste Dive's ongoing coverage, including results from Waste Management, Covanta and Advanced Disposal Services.
Company executives said results "exceeded our expectations," during an earnings call, with economic activity picking back up around the country even as COVID-19 cases rise.
During a CFO Live virtual event, panelists discussed diversity & inclusion efforts and where CFOs are particularly poised to make a difference.
In a year upended by major challenges, corrugated boxes are emerging as a potential bright spot for recyclers. But shifts from industrial and commercial volumes over to residential collection have generated quality concerns.
A bill recently signed by Gov. Jared Polis directs state staff to study creating a new market development program and launching a statewide education program, among other items.
The agency's guidance is a reminder to employers that return-to-work policies should not be static, an attorney told HR Dive.
The pandemic may have influenced a temporary reduction in vehicular incidents, but distracted driving, speeding, facility fires and heat exposure remain persistent issues for workers.
Back in January, Waste Dive laid out guiding themes for coverage around safety, M&A, sustainability, policy, organics and PFAS. Now, the pandemic has changed many of them and racial justice is also receiving heightened attention.
Doug Logan of Aggregates Equipment, Inc. explores the benefits, costs and future outlook for landfill mining. While not yet widely adopted, that could change as disposal capacity shrinks in certain regions.
ASLs have become increasingly popular with some predicting they could see more interest due to pandemic safety concerns. But tighter capital budgets may be a short-term challenge.
Curbside collection of this emerging stream isn't expected to happen at scale near-term, and sustainable markets don't currently exist. But the Pennsylvania MRF that tested it reports clear benefits.
Under the terms awaiting judicial approval, the company would pay $1.3 million into a class action fund and $1 million for "improvement measures" at the High Acres Landfill. A second lawsuit over the site remains ongoing.
The agency's move effectively ends years of discussions about refurbishing the Materials Innovation Recovery Authority's aging RDF facility, making a near-term shift to landfill export increasingly likely.
The labor pool of experienced technicians has always been small, and now trucking firms must train or hire workers with an understanding of high-voltage environments.
Nearly 4,000 industry participants have received funding from the pandemic relief program since April, according to U.S. Small Business Administration data. Waste Dive has collected the full list for public access.