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Waste Business Journal Weekly News Bulletin: Apr. 27-May 3, 2005

Headlines...

  1. RecycleNet Launches Missouri, Nevada Waste Exchanges
  2. Startech Signs Agreement to Develop In Poland
  3. Casella Closes On New $350M Credit Agreement
  4. Waste Industries Reports Q1 Results
  5. Republic Approves New $500M Stock Repurchase Program
  6. Court Overturns Ban on Hazwaste Rail Shipments in D.C.
  7. Perma-Fix Wins Home Improvement Chain Contract

 

  1. RecycleNet Launches Missouri, Nevada Waste Exchanges

    RecycleNet Corporation (OTC: GARM) has announced the launch of two new waste exchanges based in Missouri and Nevada. The exchanges allow generators of scrap, waste, or byproducts to list their materials in an attempt to aid waste diversion. The Missouri and Nevada Waste Exchanges are available to commercial, industrial, and institutional users...Read More »

  2. Startech Signs Agreement to Develop In Poland

    Startech Environmental Corporation (OTC: STHK) has signed a cooperative agreement with Strabag Sp. Zo.o. of Warsaw, Poland allowing Strabag to perform facility design, construction, commissioning, and startup for a variety of Startech Plasma Converter projects in Poland. Strabag is a subsidiary of Austrian Bauholding Strabag SE (Societas Eurpaea) and is part of the Bauholding Strabag Aktiengesellschaft Group of Austria...Read More »

  3. Casella Closes On New $350M Credit Agreement

    Casella Waste Systems (NASDAQ: CWST) has closed on a new senior secured credit agreement providing for a $350 million revolving credit facility. The company will use initial borrowings to pay all current outstanding borrowings. Company officials expect the credit facility will give Casella greater flexibility and lower borrowing costs...Read More »

  4. Waste Industries Reports Q1 Results

    Waste Industries USA, Inc. (NASDAQ: WWIN) has reported results for the first quarter ended March 31, 2005. For the quarter, revenue increased 3.7 percent to $71.8 million, up from $69.2 million in 2004. Operating income decreased 4.3 percent to %6.6 million, and net income was $2.6 million, or $0.19 per diluted share...Read More »

  5. Republic Approves New $500M Stock Repurchase Program

    Republic Services (NYSE: RSG) has approved a new $500 million stock repurchase program for the remainder of 2005 and 2006. At current prices, the repurchase program represents approximately 10 percent of the company's outstanding shares of stock. The repurchases may be made in the open market, in private transactions, or a combination...Read More »

  6. Court Overturns Ban on Hazwaste Rail Shipments in D.C.

    The U.S. Court of Appeals for the District of Columbia Circuit (www.cadc.uscourts.gov) has overturned a lower court ruling that would permit the city of Washington to temporarily block rail shipments of hazardous materials because of national security concerns. CSX Corp. (www.csx.com) had sought a preliminary injunction against the ordinance to reroute tankers from around the capital, saying the restriction, covering an area within two miles of the U.S. Capitol building, was preempted by federal law. The Bush administration supported CSX's position; the court found that security was a national, not local, concern and that the restriction placed an undue burden on the company...Read More »

  7. Perma-Fix Wins Home Improvement Chain Contract

    Perma-Fix Environmental Services, Inc. (NASDAQ: PESI) has won a renewed and expanded two-year contract with approximately $10 million from a major North American home improvement retail chain. Perma-Fix will service roughly 1,400 retail outlets, providing collection, treatment, and disposal of outdated, damaged, and returned consumer products in the Eastern and Midwestern United States...Read More »

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