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Waste Business Journal Weekly News Bulletin: Apr. 10-16, 2006

Headlines...

  1. Allied Waste Industries Schedules Reporting Date for First Quarter 2006 Results
  2. Frenzied Buying Has Spurred 40% Increase in Valuations for Solid Waste Companies
  3. Waste Connections Calls for Partial Redemption of Outstanding Floating Rate Convertible Subordinated Notes
  4. Dell Says It Plans to Triple Product Recovery Volume by 2009
  5. Kendall Yards Brownfields Team Wins National Award; Cleanup Project Largest in the Nation
  6. Energy Systems Group Breaks Ground on Landfill Gas Recovery Plant
  7. US DOD: DoD reports to Congress on Environmental Progress
  8. Schnitzer Steel Reports Second Quarter Earnings
  9. Waste Industries USA, Inc. Announces Sale of Landfill
  10. Waste Management Teamsters Ask Yankees Fans to Step up to the Plate

 

  1. Allied Waste Industries Schedules Reporting Date for First Quarter 2006 Results

    Allied Waste Industries, Inc. (NYSE: AW), announced that it will report financial results for the first quarter 2006 after the close of the stock market on Tuesday, May 2, 2006 and host a conference call to discuss the results at 5:00 p.m. Eastern Time.
    To listen to the call, please dial 210-406-7882 approximately 10 minutes prior to the start of the call and ask the operator for the Allied Waste conference call...Read More »

  2. Frenzied Buying Has Spurred 40% Increase in Valuations for Solid Waste Companies

    Market valuations for many privately owned solid waste companies have risen more than 40% in recent years, spurred by eager buyers among private equity firms and cash-rich hedge funds, an investment banker who specializes in the field told an industry conference here today.
    John J. Quirk, a Managing Director with Morgan Joseph & Co. Inc., an investment banking firm headquartered in New York that focuses on middle market companies, said that the sharply higher valuations of privately owned solid waste companies are being spurred by an influx of private equity and hedge fund money seeking investments in the environmental area. "It has led to a frenzied deal environment, with too much equity chasing too few deals," he declared...Read More »

  3. Waste Connections Calls for Partial Redemption of Outstanding Floating Rate Convertible Subordinated Notes

    Waste Connections, Inc. (NYSE: WCN) today announced that on May 8, 2006, it intends to redeem $87.5 million of the $175 million aggregate principal amount of its Floating Rate Convertible Subordinated Notes due 2022 (the "Notes")...Read More »

  4. Dell Says It Plans to Triple Product Recovery Volume by 2009

    Dell announced it plans to triple the amount of product recovered from customers by the end of 2009 and released its annual sustainability report outlining current progress and future goals for the company's corporate responsibility efforts.
    Among other achievements the company announced the recovery of nearly 40,000 tons of product for reuse or recycling from customers and company operations. More than half of this total came from customers, increasing Dell's recovery of product from customers by 72 percent over fiscal year 2005 volumes...Read More »

  5. Kendall Yards Brownfields Team Wins National Award; Cleanup Project Largest in the Nation

    The U.S. EPA announced that the Kendall Yards environmental project team has been selected to receive the national 2006 Outstanding Brownfields Team Award on April 19 in Washington, D.C. These awards recognize excellence in regional waste management and emergency response programs. The Kendall Yards property sits just north of downtown Spokane and borders the Spokane River. The 77-acre riverfront property was used as a former Union Pacific railyard site, and was ranked the lowest for contamination by the state Department of Ecology...Read More »

  6. Energy Systems Group Breaks Ground on Landfill Gas Recovery Plant

    Energy Systems Group (ESG), along with the leaders of Johnson City (City), celebrated the groundbreaking for an innovative landfill methane recovery plant to be constructed at Iris Glen landfill. The project will provide a new source of revenue for the city, help alleviate pressure on community taxes, make available a local and alternative energy supply for several Johnson City companies and reduce air emissions for the area over the next two decades.

    ESG (www.energysystemsgroup.com) is a wholly owned subsidiary of Vectren Corporation (www.vectren.com). Vectren Corporation (NYSE: VVC) is an energy holding company headquartered in Evansville, Ind...Read More »

  7. US DOD: DoD reports to Congress on Environmental Progress

    The Department of Defense recently released its fiscal 2005 Defense Environmental Programs Annual Report to Congress. The report details DoD spending and performance in four major environmental program areas: conservation; environmental restoration; compliance; and pollution prevention...Read More »

  8. Schnitzer Steel Reports Second Quarter Earnings

    Schnitzer Steel Industries, Inc. (Nasdaq: SCHN) today reported net income of $21.1 million, or $ .68 per diluted share, for the fiscal 2006 second quarter ended February 28, 2006.
    Fiscal year-to-date, the Company reported net income of $62.6 million, or $2.03 per diluted share. Included in year-to-date net income was a gain of $34 million (after tax) related to the disposition of joint venture assets under the agreement between the Company and Hugo Neu for the termination of their joint ventures...Read More »

  9. Waste Industries USA, Inc. Announces Sale of Landfill

    Waste Industries USA, Inc. (Nasdaq: WWIN), a regional, non-hazardous solid waste services company, today announced the sale of its Old Kings Road landfill in Jacksonville, Florida, to Advanced Disposal, also of Jacksonville. The Old Kings Road landfill is a stand alone construction and demolition landfill that is not supported by a company hauling operation. With this sale, the Company no longer has operations in Florida...Read More »

  10. Waste Management Teamsters Ask Yankees Fans to Step up to the Plate

    Striking Teamsters Leaflet Yankee Stadium Opening Day. Teamster sanitation workers will leaflet the Yankees' home opener on April 11, 2006, calling on fans to send a message to Houston-based Waste Management, Inc. (WM) to negotiate in good faith. The sanitation workers, represented by Teamsters Local 813 in New York City, went on strike against WM on April 3, 2006...Read More »

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