Solid waste companies talk disposal pricing, ESG and Biden in Q1 earnings outlooks
Waste Management, Republic Services, Waste Connections, GFL Environmental, Covanta and Casella Waste Systems leaders comment on pandemic recovery trends and other pressing topics. Published May 10, 2021 Spencer Platt via Getty Images
The industry s publicly traded solid waste and recycling companies have marked one year since the pandemic s initial effects, and their first-quarter earnings are showing
ongoing signs of economic recovery underway. Common discussion threads in this latest round of quarterly earnings calls included the following.
Disposal pricing expected to keep rising
After seeing somewhat less activity in this area during the depths of the pandemic, many companies now anticipate price increases will ramp back up as economic activity normalizes.
Kinderhook-backed Capital Waste and EcoSouth acquire certain Santek assets pehub.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pehub.com Daily Mail and Mail on Sunday newspapers.
Dive Brief:
The U.S. Department of Justice s Antitrust Division (DOJ) and the Alabama attorney general s office filed a civil suit against Republic Services yesterday, seeking divestitures across Alabama, Georgia, Mississippi, Tennessee and Texas in order to approve the company s pending acquisition of Santek Waste Services.
A proposed settlement would see two landfills, two transfer stations, four collection facilities and multiple small container commercial waste (SCCW) collection routes in the Southeast sold to Kinderhook Industries or an approved acquirer. The private equity firm s local portfolio companies include Capital Waste Services and EcoSouth Services. Certain Texas collection routes would also be sold to Waste Connections.