The National Solid Wastes Management Association (NSWMA) submitted comments before the congressional Subcommittee on Railroads examining unregulated waste management activities on railroad property. According to the NSWMA, a loophole exists whereby waste management activities that are normally strictly regulated at the state and local level are unregulated when these same activities occur at railroad facilities. The railroads claim exclusive jurisdiction under the federal Surface Transportation Board, which does not have a regulatory program in place. NSWMA believes that the situation represents a threat to human health and creates an unfair economic advantage against legitimate waste management companies. The increasing use of railroads to transport waste is highlighting the issue...Read More »
The Container Recycling Institute (CRI), in response to data released by the Aluminum Association, issued its own press release disputing their claims. According to CRI executive director Pat Franklin, optimistic data from the Aluminum Association fails to mention that some 800,000 tons of aluminum beverage cans continue to be landfilled in the US every year. This despite record level prices paid for scrap aluminum...Read More »
Waste Industries USA, Inc. (Nasdaq: WWIN) announced a new policy under which the company intends to pay an annual cash dividend of $0.36 per share. The annual dividend will be payable quarterly at a rate of $0.09 per share. Under the policy, the second quarter dividend will be based on first quarter performance. Jim W. Perry, President and Chief Executive Officer cited strength of the balance sheet and confidence in future prospects as justification to reward shareholders...Read More »
Allied Waste Industries, Inc. (NYSE: AW) completed a private offering of $600 million in 7 1/8% Senior Notes due 2016. The financing is expected to satisfy and stabilize the company's financing needs over the near term allowing management to focus more on core operations...Read More »
Safety-Kleen approved a distribution to its shareholders of rights to purchase common stock at a subscription price yet to be determined. Safety-Kleen will allow payment in cash or by exchange of senior subordinated term notes (known as the "take back notes"). Management hopes to raise about $115 million and to use that money to reduce debt...Read More »
A team of ENSR Scientists and Engineers have authored EPA's new handbook, "Off-Gas Treatment Technologies for Soil Vapor Extraction Systems (SVE): State of the Practice." The handbook provides guidance for using off-gas treatment remediation technology at hazardous waste sites. Off-gas treatment at hazardous waste cleanup sites improves off-gas quality, reduces risk to the environment, and is a more cost-effective method of removing toxic volatile organic compounds (VOCs) from contaminated soil...Read More »
Energis LLC has appointed as its President Rob Davies, formerly a Plant Manager at Holcim (US) Inc. Energis LLC is a leading provider of waste co-processing services to industry. The company markets and sells co-processing services and pre-processes waste streams into the form, consistency, and uniformity required by kiln systems...Read More »
BFI Canada Income Fund (TSX: BFC.UN) declared a cash distribution of C$0.1415 per trust unit for the month of May 2006, payable on June 15, 2006 to the unit holders of record as of May 31, 2006.
BFI Canada Income Fund, through its subsidiaries including IESI, is one of North America's largest full-service waste management companies, providing waste services in five provinces and nine U.S. states...Read More »
GreenMan Technologies, Inc. (AMEX: GRN), a leading recycler of roughly 20 million scrap tires per year in the US, announced financial results for the second fiscal quarter ended March 31, 2006. Net sales decreased $781,000 or 17 percent to $3.9 million from $4,7 million in the same period a year ago. Operations in the second quarter included processing of 3.1 million passenger tire equivalents compared to 3.8 million in the same period last year. The Company attributed the decrease to the completion of one of its cleanup projects last year.
GreenMan will host a conference call on May 24, 2006 at 11:30am EDT to discuss results...Read More »