Waste Industries, Allied Complete Asset Purchase And Sale
Waste Industries USA, Inc. has completed an asset purchase and sale with Allied Waste Industries. Under the terms of the agreement, Waste Industries purchased Allied's Norfolk Virginia and Clarkesville, Tennessee operations. At the same time, Waste Industries sold to Allied its operations in Charlotte, North Carolina; Sumter, South Carolina; Mobile, Alabama; and Biloxi, Mississippi. The effective date of the transaction was August 1, 2003...Read More »
IESI Reports Revenue, Nine Acquisitions
IESI Corporation has reported that revenue for the three months ended June 30, 2003 increased 16.3% to $60.9 million, as compared with revenue of $52.4 million for the corresponding three-month period in 2002. The company also announced that since April 2003, it had acquired nine businesses that generate in excess of $9.0 million in aggregate annual revenue, consisting of one hauling operation in St. Louis, Missouri, one hauling operation in Granbury, Texas which included a transfer station, a municipal solid waste landfill in Weatherford, Texas, and six tuck-in acquisitions; two in each of Arkansas, Missouri, and Texas...Read More »
Bush Selects Leavitt For EPA Post
President George W. Bush has selected Utah Gov. Mike Leavitt to head the Environmental Protection Agency. The move immediately drew criticism from Democrats and environmental groups, though Bush called Leavitt a "trusted friend and a capable executive" and said he would be a "fine addition to my administration." Leavitt, a Republican, would succeed former New Jersey Gov. Christine Todd Whitman, who resigned as EPA administrator in May. Senate confirmation hearings are expected to be held soon after Congress returns from its August recess...Read More »
Honeywell's New Jersey Cleanup Could Affect Bottom Line
Honeywell International Ltd. (NYSE: HON) has announced that a federal judge's order to clean up a site contaminated with chromium could have a "material adverse impact" on its financial results. In May, the judge ordered Honeywell, the leading maker of cockpit electronics, to excavate and remove about 1 million tons of chromium residue on a site along the Hackensack River in New Jersey. The excavation and offsite disposal cost might be $400 million. Honeywell has appealed the court's decision...Read More »
Bennett Environmental Wins New Soil Treatment Contract
Bennett Environmental Inc., a specialist in the high temperature treatment of contaminated soils, has been awarded a contract to treat contaminated soil from a customer located in northeastern United States. This initial contract award is expected to increase to approximately $20 million (Canadian) based upon further site testing. The work brings the company's contracted backlog to over $280 million (Canadian)...Read More »
Court Upholds Rules On Mixed Hazardous Waste
A federal appeals court has upheld new federal rules, challenged by the chemical industry, that impose cradle-to-grave regulations on any mixture of hazardous and non-hazardous wastes. A three-judge panel of the U.S. Court of Appeals for the District of Columbia said the Environmental Protection Agency submitted sufficient evidence to show that some mixtures and derivatives can have the same impact on public health and environment as the undiluted hazardous waste itself. It rejected the challenge by the American Chemistry Council. EPA estimated then that the new rules would affect an additional 3.6 million tons of chemicals annually, or little more than 1 percent of all hazardous wastes in the nation. Nearly all the chemicals are liquids, EPA says, and 1 percent is sludge...Read More »
Anniston Begins Burning Chemical Weapons
The Army has started up its first chemical weapons incinerator near a residential area, at Anniston, Alabama, and destroyed a Cold War-era rocket loaded with enough sarin to wipe out a city. The work capped years of preparation for the Army, which had to fight off legal challenges from opponents who argue that the process isn't safe. A judge on Friday gave final clearance for the $1 billion project to move ahead. The Army planned to destroy as many 10 rockets in the first weekend at Anniston and slowly increase to a rate of 40 rockets an hour by next year. Its other incinerators are on Johnston Atoll in the Pacific Ocean and at Tooele, Utah, in the desert. Another incinerator is now being tested at Pine Bluff Arsenal near Pine Bluff, Ark., a city of about 55,000...Read More »
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