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Waste Management beats quarterly estimates on higher pricing
Waste Management beats quarterly estimates on higher pricing

Yahoo

time28-07-2025

  • Business
  • Yahoo

Waste Management beats quarterly estimates on higher pricing

(Reuters) -Waste Management beat second-quarter profit and revenue estimates on Monday, aided by higher pricing and steady demand for garbage collection and disposal. WM, which collects and transfers trash to company landfills and recycles it into energy, has benefited from the use of automation, cutting labor costs and boosting efficiency. Alongside municipal waste departments, WM and Republic Services are two major companies that lead garbage collection across significant regions of the United States. The company posted a quarterly profit of $1.92 per share, above analysts' average expectations of $1.90 per share, according to data compiled by LSEG. Its total revenue for the quarter ended June 30 came in at $6.43 billion. Analysts expected revenue of $6.36 billion. Shares of the Houston, Texas-based company rose marginally after the bell.

Waste Management beats quarterly estimates on higher pricing
Waste Management beats quarterly estimates on higher pricing

Yahoo

time28-07-2025

  • Business
  • Yahoo

Waste Management beats quarterly estimates on higher pricing

(Reuters) -Waste Management beat second-quarter profit and revenue estimates on Monday, aided by higher pricing and steady demand for garbage collection and disposal. WM, which collects and transfers trash to company landfills and recycles it into energy, has benefited from the use of automation, cutting labor costs and boosting efficiency. Alongside municipal waste departments, WM and Republic Services are two major companies that lead garbage collection across significant regions of the United States. The company posted a quarterly profit of $1.92 per share, above analysts' average expectations of $1.90 per share, according to data compiled by LSEG. Its total revenue for the quarter ended June 30 came in at $6.43 billion. Analysts expected revenue of $6.36 billion. Shares of the Houston, Texas-based company rose marginally after the bell. Sign in to access your portfolio

Ongoing trash strike draws pressure from officials as communities struggle with waste build-up
Ongoing trash strike draws pressure from officials as communities struggle with waste build-up

Fox News

time14-07-2025

  • Business
  • Fox News

Ongoing trash strike draws pressure from officials as communities struggle with waste build-up

As the multi-state worker strike approaches the two-week mark, the garbage collection company involved in the unrest is being urged by state leaders across the country to finalize a contract and restore services. Republic Services told Fox News Digital that they are "working to resume regular trash collection as quickly as possible." "A work stoppage does not benefit our employees or the communities we serve. We empathize with customers who have been impacted by the Teamsters' decision to stop work," a spokesperson for the company shared in a statement. The company added that its customers will be notified via text, phone and email with any updates. Despite the involvement of a federal mediator, recent negotiations between Republic Services and Teamsters, the union representing the garbage collectors, have ended without resolution. Last week, Teamsters General President Sean O'Brien escalated tensions by threatening to disrupt waste collection operations across multiple states. The strike has disrupted trash collection in 14 Massachusetts communities served by Republic, primarily along the North Shore. O'Brien declared "war" on Republic Services, warning that the union plans to "flood the streets and shut down garbage collection in state after state." "Republic Services has been threatening a war with American workers for years — and now, they've got one," O'Brien said in a statement. "Republic abuses and underpays workers across the country. They burn massive profits and funnel money to undeserving, corrupt executives." O'Brien said the Teamsters "have had it with Republic." "We will flood the streets and shut down garbage collection in state after state. Workers are uniting nationwide, and we will get the wages and benefits we've earned, come hell or high water." Teamsters claimed that Republic Services had refused to settle fair contracts, despite months of negotiations in cities around the country. "Republic Services doesn't run without its hardworking Teamsters. This strike forced on workers by the multibillion-dollar corporation is resulting in trash pileups and collection disruptions for scores of people across the country," the organization wrote in a post on X. "But Teamsters at Republic will not back down until they've gotten the fair contracts they've rightfully earned." In the meantime, numerous Massachusetts towns and businesses are facing mounting piles of uncollected garbage. Republic claimed the union wasn't negotiating in good faith, while the Teamsters accused the company of abandoning talks and refusing to continue over the weekend. "Unfortunately, the Teamsters did not take the negotiations seriously and refused to make any meaningful progress," the company told Fox News Digital. "Today, we made a formal proposal that included a nearly 16% wage increase immediately and an approximate 43% pay increase over five years for our Greater Boston employees. Contrary to the many falsehoods the Teamsters are spreading, our offer outpaces competitors." Another round of discussions is set for Tuesday as workers are calling for better wages, improved benefits and enhanced job protections. Nationally, over 2,000 Teamsters are either actively striking or observing picket lines. The Republic Services Teamsters began striking on July 3 on the East Coast. The company said it is facing union-related work stoppages at six locations, including two business units in Boston and four additional sites in Cumming, Georgia; Ottawa, Illinois; Manteca, California, and Lacey, Washington. The Teamsters union has also expanded picketing to several other locations, with many employees at those sites honoring the picket lines, the company said. While the company claims that garbage pickup is continuing in all affected areas, many residents and businesses report delays and inconsistent service. Republic's commercial clients, such as restaurants, are also grappling with waste collection issues. Massachusetts Secretary of State Bill Galvin sent a formal letter Friday to Republic Services President Jon Vander Ark, criticizing the company for halting active negotiations and imposing hardship on communities. In the letter, obtained by Galvin called for more intense efforts to reach a deal and suggested that the situation might require greater government oversight of the waste management sector. He emphasized that essential public services like trash collection shouldn't hinge on the strategies of a private corporation, and questioned whether oversight of such services should remain in the hands of private firms. Boston City Councilors Erin Murphy, John FitzGerald and Ed Flynn echoed these sentiments in a separate letter to Vander Ark. The trio, who spearheaded a City Council resolution supporting the Teamsters, said the union's demands were fair and accused Republic of failing to meet fundamental labor standards. Republic countered that it had proposed a nearly 16% immediate pay raise and a total increase of around 43% over five years. The company accused the union of spreading misinformation and asserted its wage offers exceed those of competitors. "Don't believe the union's false narrative – 45% of our Greater Boston drivers represented by the Teamsters earned more than $100,000 last year, based on W-2 data," the company said. "If the Teamsters accepted the offer we made today, drivers would make approximately $140,000 per year, by the end of the contract." In addition, the company claimed that they "pay 100% of the health and welfare premiums for our Greater Boston employees" and ensured that they have a comprehensive health and welfare plan. The company said that the mediator requested both sides return to mediation on Tuesday, July 15, and both parties agreed. "We are confident that our most recent proposal meets all of our employees' demands, and we expect the Teamsters to bargain in the best interest of our employees." Stepheny Price is a writer for Fox News Digital and Fox Business. She covers topics including missing persons, homicides, national crime cases, illegal immigration, and more. Story tips and ideas can be sent to

Everything you need to know about Waterloo Region's new garbage and organic cart system
Everything you need to know about Waterloo Region's new garbage and organic cart system

CTV News

time03-07-2025

  • General
  • CTV News

Everything you need to know about Waterloo Region's new garbage and organic cart system

Waste sits on a curb in Waterloo Region on April 11, 2021. (Dan Lauckner/CTV Kitchener) The Region of Waterloo will be moving to a cart-based garbage collection system in March 2026. The region said the new wheeled carts will bring some uniformity and efficiency to weekly waste collection. It will also make it easier and safer for workers, who lift hundreds of heavy bins and bags every day. The change will affect 161,000 homes, duplexes and low-rise buildings, as well as 8,500 multi-family units and townhouse complexes. The system is already being used by several neighbouring municipalities, including Guelph, Toronto, Peel Region, Simcoe County, Barrie, Halton Region and Kingston. Here is everything you need to know about the switch. New carts Residents will get one black cart, one green cart and one container for food scraps. All three will be provided for free. The region said the black cart fits the equivalent of three full bags of garbage. The measurements are as follows: Large black cart Dimensions: 69 cm (D) x 68 cm (W) x 111 cm (H) Volume: 240 litres Weight limit: 200 pounds (or 90.7 kilograms) Green cart Dimensions: 62 cm (D) x 48 cm (W) x 98 cm (H) Volume: 100 litres Weight limit: 85 pounds (or 38.6 kilograms) Food scraps container Dimensions: 30 cm (D) x 22 cm (W) x 24 cm (H) Alternatively, residents can swap out the large black cart for a smaller one. The region said it fits the equivalent of one full bag of garbage. Small black cart Dimensions: 62 cm (D) x 48 cm (W) x 96 cm (H) Volume: 120 litres Weight limit: 100 pounds (or 45.4 kilograms) Garbage black cart curbside collection green (Source: Region of Waterloo) Getting the new carts The new carts will be delivered to residents before March 2026. Choosing your size Each address will automatically receive one large black cart. There is no need to contact the region if this is the option you prefer. If, however, residents want to opt for the smaller black cart, they need to use the region's online cart selection tool. Residents are advised to use the address listed on their property tax bill. If the address does not appear, the region suggested clicking the 'Need Help' button or calling the contact centre at 519-575-4400. The form for the smaller cart must be filled out by Sept. 5. The green cart and food scrap container only come in one size. Changing your mind Black cart sizes are set and cannot be changed after Sept. 5. The region asks that residents use whatever size they receive for at least six months. After that time, they can decide if they want to size down or swap their smaller black cart for a larger one. Residents can exchange their cart once – at no cost – in fall 2026. Unsure what size you want? Various events will be held around the region to show off the new carts. waterloo region waste bin new 2025 2026 Waterloo Region will be rolling out new waste and organic bins by 2026, June 7, 2025 (Hannah Schmidt/CTV News). Displays have also been set up throughout the municipality. You can find a list of locations here. Collection day changes The region will move to a four-day curbside collection schedule on March 2, 2026. Garbage and food scraps will not be picked up on Mondays. 'This avoids most holiday pick-up days and gives flexibility by having a make-up day, if collections are delayed or cancelled due to extreme weather,' the region said on its website. The frequency of collection will not change. The region said an updated waste calendar will be sent out to homes in February 2026. Putting carts out at the curb When putting out the new carts, arrows on the lid will indicate which side must face the street. There must be two feet between carts or other large objects (such as trees, cars, etc.) Lids must be closed securely. Do not put the carts on top of, or behind, snowbanks during the winter. Protecting your carts All carts belong to the Region of Waterloo. Each one is given a unique ID, associated with the address it was assigned to. The region suggests writing your address on the side in permanent marker. What about blue bins? The region is not responsible for blue bin collection, thus there are no changes to recycling rules. Pet waste disposal Pet waste can be put into the green cart. The region said it must be bagged in a certified compostable or paper bag. End of double garbage days The Double Garbage Days program will end in March 2026. Other types of curbside collection Bulky items, yard waste and Christmas tree collection are not affected by the new system. The existing 'bag tag' program for excess garbage is also not affected. Additional carts Each residence will get one black cart and one green cart. No additional carts are available at this time. Reducing garbage bag waste There is no need to purchase garbage bags, waste can be put directly into the cart. What do to with the old bins? Residents are encouraged to reuse their old garbage bins as yard waste containers. Alternatively, they can be put out at the curb as a bulky item after the new system launches in March. Please secure a sign stating: 'Garbage please take.' Green bins, meanwhile, can be reused as storage for soil, mulch or winter salt. Unwanted green bins can also be returned to the region. A drop-off date will be announced at a later date. What's the cost of the new system? Emterra Environmental was awarded an eight-year contract for service in Waterloo Region, at a cost of $285 million.

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