Weekly News Bulletin: Jul. 29-Aug. 4, 2004


Capital Environmental Changes Name to Waste Services, Inc. and Moves to US

Waste Services, Inc. (Nasdaq: WSII), the successor to Capital Environmental Resource Inc., today announced that the plan of arrangement of Capital became effective on July 31, 2004. All common shares of Capital, other than those which by election have become exchangeable shares of Capital, are now shares of common stock of Waste Services, Inc...Read More »



Virginia County Cuts Off Talks With Bankrupt Landfill Operator

Page County, Va. has halted talks with National Waste Services of Virginia over the operation of the currently-closed county landfill. National Waste is seeking to get out of its contract to run the landfill, which has been closed by state order since March because of alleged operating violations. The company ran the county's Battle Creek landfill from 2001 until the Virginia Department of Environmental Quality revoked the site's permit this year, contending that the landfill took in more waste than it was permitted to handle. The closure put the company into bankruptcy, and the matter likely now heads to court...Read More »



Waste Management Reports Second-Quarter Results

Waste Management Inc. has reported a growth in second-quarter net income to $216 million, or 37 cents per share, from $176 million, or 30 cents, in the same quarter last year. The company's revenue was $3.14 billion from $2.9 billion last year, on improved volumes in its landfill, collection, transfer, and recycling operations. The company projects full-year revenue to be in the range of $12.2 to $12.3 billion...Read More »



Elk River, Minn. Seeks To Expand Landfill

Elk River, Minn.'s city landfill, already one of the largest in Minnesota, is seeking to add about 100 acres of land, or eight million cubic yards of capacity. The landfill is now preparing an Environmental Assessment Worksheet to identify potential problems. The expansion site is currently being used for gravel mining; the landfill as a whole receives about 2,000 tons of waste a day...Read More »



Chicago-Area Landfill Is Operating Illegally, Critics Charge

The Chicago Tribune has reported that a Ford Heights, Ill. landfill originally intended to become a ski slope is now operating illegally. State legislators have voted to exempt the landfill from certain state laws despite allegations that the site violates certain state laws and may never become a ski slope. If the landfill becomes a ski slope, it could bring in needed money, but critics charge that if the landfill is operating illegally, it could cost the state far more in cleanup costs...Read More »



Allied Waste Settles With Justice Department Over Mass. Ash Shipments

Allied Waste Industries has settled with the Justice Department over an alleged violation of the 2000 consent decree developed as a part of the company's purchase of Browning-Ferris Industries. The company will give ash and bypass waste disposal rights at a Fall River, Mass. landfill to the SEMASS incinerator owned by American Ref-Fuel, according to government sources...Read More »



Bennett Environmental Faces Class Action Lawsuit Over Disclosures

Bennett Environmental of Ontario is facing a class-action lawsuit over its disclosure of a revised contract that met with an unfavorable reception from shareholders. The company, which treats contaminated soil, said in a release that the lawsuit alleges it made "material misrepresentations and omissions of material facts" regarding the contract. The company said last week that it had been forced to enter into a revised contract for a cleanup site in New Jersey, and that the revised contract would cut soil shipments and reduce its contract backlog. The company's shares lost 45 percent since the announcement...Read More »



Georgia Backhoe Operator Finds $46,000 In Landfill

A backhoe operator at the Columbus, Ga. landfill has found $46,000 in $20 bills while moving garbage at the landfill. The garbage had been there for several years. The city first sought to bank the cash, but odor concerns forced it to take the money to the property room of the Columbus Police Department. Police have not yet determined whether the money's source was legal or illegal; after 90 days, it will become abandoned property...Read More »


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