Weekly News Bulletin: Jan. 30-Feb. 5, 2003


Pennsylvania Charges Haulers With Medical Waste Violations

Pennsylvania's Environmental Crimes Section has charged Waste Management of New York and Kephart Trucking of Bigler, Clearfield County, with alleged violations of the state's environmental crimes laws for illegally transporting infectious medical waste from a Brooklyn, New York, transfer station on Interstate 80 in Columbia County. Inspections were done as part of Operation Clean Sweep, a program to inspect waste hauling vehicles along Interstate 80, conducted by the Pennsylvania State Police, Pennsylvania Department of Transportation and the Department of Environmental Protection. In May 2001, Waste Management of New York employees at the Varick Transfer Station allegedly mixed infectious hospital waste with municipal hospital waste and loaded it into Kephart's truck destined for the Shade Landfill in Somerset County. Both Waste Management of New York and Kephart Trucking are charged with three counts each of violating the Infectious and Chemotherapeutic Waste Disposal Act. Each count is a third-degree misdemeanor and carries a penalty of up to $25,000 per count...Read More »



Republic Reports Year-End Figures

Republic Services, Inc. (NYSE: RSG) has reported that for the year ended Dec. 31, 2002, adjusted net income was $236.1 million, or $1.42 per share, compared to adjusted net income of $211.6 million, or $1.24 per share, for 2001. Annual revenue for 2002 was $2,365.1 million compared to $2,257.5 million during 2001. During the three months ended Dec. 31, 2001, the company recorded an after-tax charge of $86.1 million, primarily related to exiting certain markets and non-core businesses. Including the charge, Republic reported net income of $125.5 million, or $0.73 per share, and a net loss of $(38.9) million or $(0.23) per share, for the year and three months ended December 31, 2001, respectively...Read More »



Waste Industries Acquires Patriot Waste Systems

Waste Industries USA, Inc. (Nasdaq: WWIN) has announced the acquisition of Patriot Waste Systems. Founded in 1998, Patriot Waste Systems provides commercial and industrial waste collection services to seven counties in central North Carolina, and will be a tuck-in to two branch operations located in Greensboro and Graham, N.C. Based on Patriot's historic performance, the acquisition is expected to generate annual revenues of approximately $3.7 million...Read More »



Xtreme Clarifies Acquisition of Cambridge Energy Waste

Xtreme Companies (OTCBB: XTRE) has updated its information related to a previously announced acquisition with Cambridge Energy Waste Management, LTD, based in Northfield, Il., in an exchange of stock and other consideration. Cambridge Energy Group, Ltd. had net sales of $75.6 million and net earnings of $19.4 million for the year ended December 28, 2001. Xtreme subsidiaries have waste removal contracts in negotiation in Canada and Nevada...Read More »



EMS Completes Sonter Acquisition

Environmental Management Solutions has completed the acquisition of the assets of C.D. Sonter Management, an environmental consulting, health and safety firm based in Toronto, Ontario. C.D. Sonter specializes in indoor air quality, hazardous materials, solid waste management/recycling and occupational health and safety. EMS will pay $250,000 in stock for all of the assets of C.D. Sonter. C.D Sonter annual revenues for the year ended August 2002 were $2.7 million...Read More »



Dozens of Countries Agree To Right-To-Know Act

Over 30 European, Central Asian and North American countries have agreed on a pact extending the public's right to know about chemical waste and toxic pollutants in their neighborhoods. The draft treaty covers the disposal, storage, recycling and treatment of dangerous materials ranging from minerals to metals, fertilizers and hydrocarbons. Under the pact, states pledged to set up national registers of industrial pollutants released into the water, air and soil. These "pollutant release and transfer registers" will be publicly accessible, user-friendly and updated annually with information on 86 pollutants considered to pose the most significant threats to the environment or health...Read More »



Onyx Announces Promotion of Fowler

Onyx Waste Services, Inc. has announced the promotion of Jane Fowler to General Counsel. She previously was Associate General Counsel. In her new position, Fowler will be responsible for managing the legal affairs of Onyx Waste Services, providing legal counsel to all aspects of solid waste operations, asserting and protecting the company's legal rights and assuring adherence to ethical and compliance standards...Read More »



Stericycle Increases Borrowing Capacity

Stericycle Inc. (Lake Forest, IL), the largest medical waste management firm in North America, announced that it has amended its senior secured credit facility with a group of lenders led by Bank of America N.A. to increase its borrowing capacity by $51 million. The amended credit facility consists of $105 million in revolving credit, a $112.6-million Term A loan facility, and a $47.2-million Term B loan facility. "The amended senior secured credit facility gives Stericycle more flexibility, extends its maturity, and reduces the interest rates in the future," said Mark Miller, Stericycle's president and CEO...Read More »


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