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Waste Business Journal Weekly News Bulletin: Mar. 6-12, 2007

Headlines...

  1. Lautenberg, Menendez, Pallone Introduce Measure to Regulate Solid Waste Stations
  2. Allied Donates Ill-fated Elsmere Canyon to Conservation Authority
  3. Waste Services Reports Solid 2006 Results and Maps Out 2007
  4. Waste Industries USA, Inc. Reports Record Earnings for 2006
  5. WCA Waste Corporation Announces 2006 Financial Results
  6. Waste Management to Increase 2007 Stock Repurchases by up to $600 Million
  7. SPSA to spend $95,000 to study selling power plant
  8. Veolia Environmental Services Acquires Ecolocycle Inc.
  9. Veolia ES Solid Waste Becomes Member in NSWMA
  10. Perma-Fix Reports Fourth Quarter Net Income of $1.9 Million
  11. EQ Industrial Services Inc. fined more than $550,000 for Apex fire
  12. Waste Connections Announces Addition to Its Board of Directors
  13. Gundle/SLT Environmental Grows Its Fourth Quarter and Yearly Results
  14. Allied Waste Hires New General Counsel
  15. World Waste Tech. To Patent Production of Alcohol, Ethanol From MSW

 

  1. Lautenberg, Menendez, Pallone Introduce Measure to Regulate Solid Waste Stations

    United States Senators Frank R. Lautenberg (D-NJ), Robert Menendez (D-NJ) and U.S. Representative Frank Pallone (D-NJ) reintroduced legislation to allow New Jersey to regulate unregulated solid waste stations along rail lines in the state. A federal loophole allows rail companies to create unregulated waste transfer stations on their land. Courts have held that the rail companies have preemption from state and local regulation. Environmental and health concerns can not be addressed by the state until the loophole is closed by this proposed legislation...Read More »

  2. Allied Donates Ill-fated Elsmere Canyon to Conservation Authority

    Culminating two decades of fighting and political games of cat and mouse, Allied Waste, parent company of waste giant Browning-Ferris Industries, will finally be able to donate 400 acres of Elsmere Canyon, once considered for a landfill, to the Mountains and Recreation Conservation Authority. The donated land will be preserved as open space. At one point back in 1995, when Browning-Ferris acquired the land from BKK Corp., many thought it was a ruse to force the City to approve the expansion of nearby Sunshine Canyon...Read More »

  3. Waste Services Reports Solid 2006 Results and Maps Out 2007

    Waste Services Inc., formerly known as Capital Environmental, managed to narrow its net loss for the fourth quarter, ended December 31, 2006 to $10.1 million, ($0.27) per share, from a loss of $12.1 million, ($0.36) per share, in that period last year. For the year, the net loss dropped to $48.5 million, ($1.37) per share, from a loss of $50.3 million, ($1.53) per share in 2005. However, revenues for both the quarter and year were strong driven by pricing increases, higher surcharges, and increased collection and transfer station volume. Fourth quarter revenue grew 12.6% to $101 million from 89.7 million a year ago. Revenues for the year grew 11.3% to $396.1 million from $356 million in 2005, even despite a small drop in landfill volumes. The company says that it expects to post 2007 revenues of $500 million and adjusted earnings before interest, taxes, depreciation and amortization of $110 million to $115 million in 2007...Read More »

  4. Waste Industries USA, Inc. Reports Record Earnings for 2006

    Waste Industries USA (Nasdaq: WWIN) reported 2006 fourth quarter net income of nearly $5.4 million (or $0.38 per share), compared to $4 million, (or $0.29 per share), in the same period last year. Fourth quarter revenue rose slightly to $80.8 million from $79.4 million in the 2005 period. The results were as analysts had generally expected. Performance for the entire year was more pronounced. Net income rose to $19.3 million, (or $1.37 per share), from $12.2 million, (or $0.88 per share) on revenues that reached $326.5 million for 2006, from $305.5 million a year ago...Read More »

  5. WCA Waste Corporation Announces 2006 Financial Results

    WCA Waste Corp. reported a drop in fourth quarter net income despite impressive gains in revenue for both the quarter and year ending in December 31, 2006. Fourth quarter net income declined to $400,000 (or $0.02 per share) from $600,000 (or $0.03 per share) last year. On the other hand, revenue advanced by 14 percent to $37.4 million from $32.7 million in the same period in 2005. Analysts had been expecting $0.04 per share. For the full year, the company posted net income of $1.4 million, (or $0.09 per share) on revenue of $149.5 million, compared with $3.5 million (or $0.22 per share) on revenue of $114.1 million, during 2005. WCA Waste recently acquired Oklahoma City-based American Waste Inc. worth about $15 million...Read More »

  6. Waste Management to Increase 2007 Stock Repurchases by up to $600 Million

    Waste Management, Inc. (NYSE: WMI) announced today that its Board of Directors has authorized the repurchase of up to an additional $600 million in common stock during 2007, which brings the total amount of cash authorized for return to shareholders to $1.8 billion for 2007. "Waste Management is first and foremost a strong and consistent generator of cash flow," said David P. Steiner, CEO...Read More »

  7. SPSA to spend $95,000 to study selling power plant

    SPSA will spend $95,000 to analyze the possible sale of its waste-to-energy plant near downtown Portsmouth. SPSA is $300 million in debt and the facility is one of the most expensive assets they own...Read More »

  8. Veolia Environmental Services Acquires Ecolocycle Inc.

    Veolia ES Industrial Services, Inc. today announced that Veolia ES Canada Inc., has acquired Ecolocycle Inc., a waste oil and glycol recovery and recycling company located in Quebec...Read More »

  9. Veolia ES Solid Waste Becomes Member in NSWMA

    The National Solid Wastes Management Association (NSWMA) announced that Veolia ES Solid Waste, Inc., a subsidiary of Veolia Environmental Services North America Corp., has become a corporate member...Read More »

  10. Perma-Fix Reports Fourth Quarter Net Income of $1.9 Million

    Perma-Fix Environmental Services, Inc. (Nasdaq: PESI) recorded record net income despite a slight decline in revenues for both its fourth quarter and full year ending December 31, 2006. Dr. Louis F. Centofanti, Chairman and CEO attributes increased profitability of the environmental and industrial waste services company to its increasing emphasis on the nuclear services segment...Read More »

  11. EQ Industrial Services Inc. fined more than $550,000 for Apex fire

    Officials in North Carolina's Division of Waste Management have fined EQ Industrial Services Inc. more than $550,000 and have proposed revoking EQ's hazardous waste permit. Officials cited permit violations and prior fires and waste releases that had not been previously reported. EQ officials cite no environmental impact...Read More »

  12. Waste Connections Announces Addition to Its Board of Directors

    Waste Connections, Inc. (NYSE: WCN) announced that Edward E. "Ned" Guillet agreed to join its Board of Directors. Mr. Guillet hails from The Gillette Company, now the Gillette Global Business Unit of The Proctor & Gamble Company, where he served in a broad range of leadership positions, including Senior Vice President, Human Resources. He holds a B.A. degree in English Literature and Secondary Education from Boston College...Read More »

  13. Gundle/SLT Environmental Grows Its Fourth Quarter and Yearly Results

    Houston-based Gundle/SLT Environmental, a manufacturer of geosynthetic liners, reported that net income for the fourth quarter grew to $1.7 million from a net loss of $.4 million a year ago on revenues that expanded by 41% to $103.6 million up from $73.4 million in last year's fourth quarter. And, despite a net loss for the year of $2.5 million from net income of $.7 million last year, revenues grew a very robust 18% to $373.3 million from $317.6 million for 2005...Read More »

  14. Allied Waste Hires New General Counsel

    Allied Waste Industries, Inc. (NYSE: AW) has hired a new General Council. Timothy R. Donovan will take over from Steven M. Helm, whom retired last year. Donovan comes to Allied from Tenneco Inc. where he recently served on its board of directors. John J. Zillmer, Chairman and CEO said that "Tim brings a great combination of outstanding legal expertise and broad business skills. He will be a great asset as we continue to grow the business and advance our key business strategies."...Read More »

  15. World Waste Tech. To Patent Production of Alcohol, Ethanol From MSW

    World Waste Technologies, Inc. filed a provisional patent for a process that converts municipal solid waste (MSW) into mixed alcohols (including ethanol) via a synthetic gas and catalyst process. The process includes the co-generation of renewable electricity from a producer gas as well as a process for efficiently separating the resulting mixed alcohols from hydrocarbons and other liquids...Read More »

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