Weekly News Bulletin: Jun. 9-15, 2005


New WIH Resource Group Will Aid In Solid Waste Strategies, Logistics

Wallace Investment Holdings, LLC has formed WIH Resource Group, LLC, a company designed to offer a range of service solutions in solid waste management, transportation/logistics, and equipment. The company also has significant experience in developing waste-by-rail solutions for clients, and has developed strategic partnerships in the transportation industry to offer efficient long-haul rail transportation between municipalities and disposal sites. Bob Wallace, Managing Partner & VP of Business Solutions for WIH, spent six years as Waste Management's Director of Transportation & Logistics...Read More »



Waste Industries, Waste Management Swap Assets

Waste Industries USA, Inc. (www.waste-ind.com) and Waste Management, Inc. (www.wm.com) have closed on an asset swap. Waste Industries purchased a Waste Management subsidiary's hauling operation in Cedartown, Georgia, as well as certain customer accounts in Gwinnett County, Georgia, both of which are near Atlanta. Simultaneously, Waste Management purchased Waste Industries' transfer station facility in Woodstock, Georgia and certain customer accounts in Cherokee, Cobb, Fulton, and Forsyth counties...Read More »



U.S. Microbics Expands Operations in Mexico

U.S. Microbics Inc. (OTC: BUGS) is expanding its marketing and business development efforts in Mexico using its patented in-situ and ex-situ cleanup technologies. Mexico's state-owned oil monopoly Petroleos Mexicanos has announced that it expects to spend up to $3 billion to fix environmental problems at its facilities and pipelines. The BUGS technology used by U.S. Microbics' subsidiary Sub-Surface Waste Management has already been put into use at an existing $1 million project in Mexico...Read More »



American Ecology Wins Honeywell Contract

Honeywell International Inc. has awarded American Ecology Corporation (Nasdaq: ECOL) a contract to transport, treat, and dispose of contaminated soils from a site in Jersey City, New Jersey. Approximately 1 million tons of chromite ore processing residues will require offsite treatment and disposal. The company estimates revenue in the range of $175 million to $240 million over a 4- to 5-year period...Read More »



New Jersey Files Suit against Grace

New Jersey environmental officials have filed suit against W.R. Grace & Co. (www.grace.com) and two of its employees alleging false statements and misrepresentations were made in a 1995 report on a chemical plant. The report, prepared by an independent environmental consultant, involved the closing of a plant in Hamilton Township, New Jersey, that made fire-protection and vermiculite products. Grace and 61 of its U.S. subsidiaries and affiliates filed for bankruptcy in April 2001 because of the effects of asbestos lawsuits. And in February, Grace and seven current or former executives were charged with conspiring to endanger residents in Libby, Montana and concealing health risks from mining asbestos-containing vermiculite. Grace has denied the charges...Read More »



Waste Services Relocates U.S. Office

Waste Services Inc. (Nasdaq: WSII) will be moving its U.S. operations office from Scottsdale, Ariz. to South Florida. The move will put the company's U.S. operations office closer to its largest market and future growth opportunities, and will ultimately streamline the company's operations and improve efficiencies...Read More »


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