-
What Happens To NYC’s 3.2 Million Tons Of Trash | Big Business | Business Insider
New York City is one of the most wasteful cities in the world. But none of its trash is actually processed in NYC. It's sent to waste-to-energy facilities and landfills as far away as Ohio and South Carolina. It takes a vast network of sanitation workers, trucks, trains, cranes, and barges — and $429 million a year — to get it there.
MORE BIG BUSINESS VIDEOS:
How 800 Million Pounds of Himalayan Salt Are Mined Each Year | Big Business
https://www.youtube.com/watch?v=h23rF0xrhTE
How Chefs In The NBA Bubble Make 4,000 Meals A Week | Big Business
https://www.youtube.com/watch?v=RkBFVR7lfj8
How The World's Largest Airplane Boneyard Stores 3,100 Aircraft | Big Business
https://www.youtube.com/watch?v=mYsOFXnfsCU
------------------------------------------------------
#NewYorkCity #Sanitation #...
published: 21 Mar 2021
-
Where New York's 14 Million Tons of Trash Go - NYC Revealed
Many things come to mind when thinking about New York City, but how the city deals with its garbage is usually not one of them. New Yorkers produce over 14 million tons of trash each year — and a combination of city agencies and private companies work daily to haul away what New Yorkers don't want.
Join Cheddar & CuriosityStream as we explore the unique histories and modern challenges, defining the future of each of New York City's one-of-a-kind infrastructure systems, in NYC Revealed.
Watch 13 minute versions here on Cheddar's YouTube page. You can also watch the full 24 minute episodes on CuriosityStream and on Cheddar's live network Wednesdays, at 9 p.m.
Subscribe to Cheddar on YouTube: http://chdr.tv/subscribe
Connect with Cheddar!
On Facebook: http://chdr.tv/facebook
On Twitt...
published: 13 Jan 2022
-
New York State Solid Waste Management Plan: Building the Circular Economy
To protect communities and mitigate the effects of climate change, the New York State Solid Waste Management Plan builds upon sustained efforts to reduce waste and advance the state's transition to a circular economy, helping to change New Yorkers' understanding of waste and their relationship to it.
To read the plan, visit: https://dec.ny.gov/environmental-protection/waste-management/solid-waste-management-planning/nys
The Plan sets forth six major Focus Areas with goals and action items to move the circular economy and materials management industry forward in New York State:
Waste Reduction and Reuse
Recycling and Recycling Market Development and Resiliency
Product Stewardship and Extended Producer Responsibility
Organics Reduction and Recycling
Toxics Reduction in...
published: 22 Jan 2024
-
How Much Does New York Actually Recycle? - NYC Revealed
New York has a whole lot of trash, but did you know half of it is recyclable? While NYC might not be the best at it, its system is state of the art — from facilities processing New Yorker's bottles and cans to a brand new composting movement to a community who relies on the system to survive.
Join Cheddar & CuriosityStream as we explore the unique histories and modern challenges, defining the future of each of New York City's one-of-a-kind infrastructure systems, in NYC Revealed.
Watch 13 minute versions here on Cheddar's YouTube page. You can also watch the full 24 minute episodes on CuriosityStream and on Cheddar's live network.
Connect with Cheddar!
On Facebook: https://chddr.tv/3JmGgBe
On Twitter: https://chddr.tv/3qaYQog
On Instagram: https://chddr.tv/36u8tqY
On Cheddar.com: https:...
published: 20 Sep 2022
-
Where Does New York City's Trash Go? | Living City | The New York Times
New York City has one of the largest sanitation departments in the world, but, with declining landfills, we follow waste from sidewalks and garbage trucks to treatment facilities and upstate farms.
Subscribe on YouTube: http://bit.ly/U8Ys7n
New York City has the most complex waste management system in North America. This is the history of trash in New York City.
Read the story: http://nyti.ms/1t0uIEp
---------------------------------------------------------------
Want more from The New York Times?
Watch more videos at: http://nytimes.com/video
Facebook: https://www.facebook.com/nytvideo
Twitter: https://twitter.com/nytvideo
Instagram: http://instagram.com/nytvideo
Whether it's reporting on conflicts abroad and political divisions at home, or covering the latest style trends and s...
published: 25 Sep 2014
-
Making $44K A Year As A Sanitation Worker In NYC | On The Job
Anthony Igneri, 35, works as a sanitation worker in New York City and earns $44,000 per year plus overtime. Raised in Staten Island, Anthony was inspired by his grandfather, who was a World War II veteran and a sanitation worker for 20 years.
» Subscribe to CNBC Make It.: http://cnb.cx/2kxl2rf
About CNBC Make It.: CNBC Make It. is a new section of CNBC dedicated to making you smarter about managing your business, career, and money.
Connect with CNBC Make It. Online
Get the latest updates: https://www.cnbc.com/make-it
Find CNBC Make It. on Facebook: https://cnb.cx/LikeCNBCMakeIt
Find CNBC Make It. on Twitter: https://cnb.cx/FollowCNBCMakeIt
Find CNBC Make It. on Instagram: https://bit.ly/InstagramCNBCMakeIt
#CNBC
#CNBCMakeIt
Making $44K A Year As A Sanitation Worker In NYC | On The J...
published: 02 Apr 2022
-
How NYC’s Sewage System Treats 1.3 Billion Gallons Of Wastewater - NYC Revealed
Underneath the ground of New York's fabled streets exists a vast network of pipes that make up the city's sewer system. New Yorkers create, on average, 1.3 billion gallons of wastewater per day that makes its way through these 7,500 miles of pipes.
Join Cheddar & CuriosityStream as we explore the unique histories and modern challenges, defining the future of each of New York City's one-of-a-kind infrastructure systems, in NYC Revealed.
Watch 13 minute versions here on Cheddar's YouTube page. You can also watch the full 24 minute episodes on CuriosityStream and on Cheddar's live network Wednesdays, at 9 p.m.
Full episodes here:
https://curiositystream.com/series/740
Subscribe to Cheddar on YouTube: http://chdr.tv/subscribe
Connect with Cheddar!
On Facebook: http://chdr.tv/faceboo...
published: 27 Jan 2022
-
Garbage Men
Private sanitation workers in New York City face heavy industry reform that will franchise garbage-collection areas to only "good" companies.
published: 26 Mar 2016
-
How Singapore fixed its big trash problem | CNBC Reports
More than 2 billion tonnes of global waste is generated yearly. By 2050, it’s expected to increase to 3.4 billion tonnes. CNBC’s Nessa Anwar traces the journey of a piece of discarded trash in Singapore to the nation’s only landfill, exploring solutions and the future of the world’s garbage dilemma.
-----
Subscribe to us on YouTube: http://cnb.cx/2wuoARM
Subscribe to CNBC International TV on YouTube: https://cnb.cx/2NGytpz
Like our Facebook page:
https://www.facebook.com/cnbcinternational
Follow us on Instagram:
https://www.instagram.com/cnbcinternational/
Follow us on Twitter:
https://twitter.com/CNBCi
published: 26 Apr 2021
-
How Trash Makes Money In The U.S.
In 2019, the North American waste management market reached $208 billion. Thanks to advancements in modern chemistry and support from municipal governments, landfills have seen astonishing financial success in recent years. Private companies like Waste Management and Republic Services now own a majority of landfills across the U.S., their stocks outperforming the market every year since 2014. So how exactly are landfills turning a profit out of garbage and just how much money can be made? Watch the video to find out.
A rising industry
America has long remained one of the most wasteful countries in the world, generating 239 million metric tons of garbage every year, about 1,600 to 1,700 pounds per person. While some view it as a threat to our environment and society, the solid waste manag...
published: 22 Jul 2021
8:51
What Happens To NYC’s 3.2 Million Tons Of Trash | Big Business | Business Insider
New York City is one of the most wasteful cities in the world. But none of its trash is actually processed in NYC. It's sent to waste-to-energy facilities and l...
New York City is one of the most wasteful cities in the world. But none of its trash is actually processed in NYC. It's sent to waste-to-energy facilities and landfills as far away as Ohio and South Carolina. It takes a vast network of sanitation workers, trucks, trains, cranes, and barges — and $429 million a year — to get it there.
MORE BIG BUSINESS VIDEOS:
How 800 Million Pounds of Himalayan Salt Are Mined Each Year | Big Business
https://www.youtube.com/watch?v=h23rF0xrhTE
How Chefs In The NBA Bubble Make 4,000 Meals A Week | Big Business
https://www.youtube.com/watch?v=RkBFVR7lfj8
How The World's Largest Airplane Boneyard Stores 3,100 Aircraft | Big Business
https://www.youtube.com/watch?v=mYsOFXnfsCU
------------------------------------------------------
#NewYorkCity #Sanitation #BusinessInsider
Business Insider tells you all you need to know about business, finance, tech, retail, and more.
Visit us at: https://www.businessinsider.com
Subscribe: https://www.youtube.com/user/businessinsider
BI on Facebook: https://read.bi/2xOcEcj
BI on Instagram: https://read.bi/2Q2D29T
BI on Twitter: https://read.bi/2xCnzGF
BI on Amazon Prime: http://read.bi/PrimeVideo
What Happens To NYC’s 3.2 Million Tons Of Trash | Big Business | Business Insider
https://wn.com/What_Happens_To_Nyc’S_3.2_Million_Tons_Of_Trash_|_Big_Business_|_Business_Insider
New York City is one of the most wasteful cities in the world. But none of its trash is actually processed in NYC. It's sent to waste-to-energy facilities and landfills as far away as Ohio and South Carolina. It takes a vast network of sanitation workers, trucks, trains, cranes, and barges — and $429 million a year — to get it there.
MORE BIG BUSINESS VIDEOS:
How 800 Million Pounds of Himalayan Salt Are Mined Each Year | Big Business
https://www.youtube.com/watch?v=h23rF0xrhTE
How Chefs In The NBA Bubble Make 4,000 Meals A Week | Big Business
https://www.youtube.com/watch?v=RkBFVR7lfj8
How The World's Largest Airplane Boneyard Stores 3,100 Aircraft | Big Business
https://www.youtube.com/watch?v=mYsOFXnfsCU
------------------------------------------------------
#NewYorkCity #Sanitation #BusinessInsider
Business Insider tells you all you need to know about business, finance, tech, retail, and more.
Visit us at: https://www.businessinsider.com
Subscribe: https://www.youtube.com/user/businessinsider
BI on Facebook: https://read.bi/2xOcEcj
BI on Instagram: https://read.bi/2Q2D29T
BI on Twitter: https://read.bi/2xCnzGF
BI on Amazon Prime: http://read.bi/PrimeVideo
What Happens To NYC’s 3.2 Million Tons Of Trash | Big Business | Business Insider
- published: 21 Mar 2021
- views: 12456918
10:56
Where New York's 14 Million Tons of Trash Go - NYC Revealed
Many things come to mind when thinking about New York City, but how the city deals with its garbage is usually not one of them. New Yorkers produce over 14 mill...
Many things come to mind when thinking about New York City, but how the city deals with its garbage is usually not one of them. New Yorkers produce over 14 million tons of trash each year — and a combination of city agencies and private companies work daily to haul away what New Yorkers don't want.
Join Cheddar & CuriosityStream as we explore the unique histories and modern challenges, defining the future of each of New York City's one-of-a-kind infrastructure systems, in NYC Revealed.
Watch 13 minute versions here on Cheddar's YouTube page. You can also watch the full 24 minute episodes on CuriosityStream and on Cheddar's live network Wednesdays, at 9 p.m.
Subscribe to Cheddar on YouTube: http://chdr.tv/subscribe
Connect with Cheddar!
On Facebook: http://chdr.tv/facebook
On Twitter: http://chdr.tv/twitter
On Instagram: http://chdr.tv/instagram
On Cheddar.com: http://chdr.tv/cheddar
https://wn.com/Where_New_York's_14_Million_Tons_Of_Trash_Go_NYC_Revealed
Many things come to mind when thinking about New York City, but how the city deals with its garbage is usually not one of them. New Yorkers produce over 14 million tons of trash each year — and a combination of city agencies and private companies work daily to haul away what New Yorkers don't want.
Join Cheddar & CuriosityStream as we explore the unique histories and modern challenges, defining the future of each of New York City's one-of-a-kind infrastructure systems, in NYC Revealed.
Watch 13 minute versions here on Cheddar's YouTube page. You can also watch the full 24 minute episodes on CuriosityStream and on Cheddar's live network Wednesdays, at 9 p.m.
Subscribe to Cheddar on YouTube: http://chdr.tv/subscribe
Connect with Cheddar!
On Facebook: http://chdr.tv/facebook
On Twitter: http://chdr.tv/twitter
On Instagram: http://chdr.tv/instagram
On Cheddar.com: http://chdr.tv/cheddar
- published: 13 Jan 2022
- views: 1070433
1:45
New York State Solid Waste Management Plan: Building the Circular Economy
To protect communities and mitigate the effects of climate change, the New York State Solid Waste Management Plan builds upon sustained efforts to reduce waste ...
To protect communities and mitigate the effects of climate change, the New York State Solid Waste Management Plan builds upon sustained efforts to reduce waste and advance the state's transition to a circular economy, helping to change New Yorkers' understanding of waste and their relationship to it.
To read the plan, visit: https://dec.ny.gov/environmental-protection/waste-management/solid-waste-management-planning/nys
The Plan sets forth six major Focus Areas with goals and action items to move the circular economy and materials management industry forward in New York State:
Waste Reduction and Reuse
Recycling and Recycling Market Development and Resiliency
Product Stewardship and Extended Producer Responsibility
Organics Reduction and Recycling
Toxics Reduction in Products
Advanced Design and Operation of Solid Waste Management Facilities and Related Activities
#recycling #solidwastemanagement #sustainability
https://wn.com/New_York_State_Solid_Waste_Management_Plan_Building_The_Circular_Economy
To protect communities and mitigate the effects of climate change, the New York State Solid Waste Management Plan builds upon sustained efforts to reduce waste and advance the state's transition to a circular economy, helping to change New Yorkers' understanding of waste and their relationship to it.
To read the plan, visit: https://dec.ny.gov/environmental-protection/waste-management/solid-waste-management-planning/nys
The Plan sets forth six major Focus Areas with goals and action items to move the circular economy and materials management industry forward in New York State:
Waste Reduction and Reuse
Recycling and Recycling Market Development and Resiliency
Product Stewardship and Extended Producer Responsibility
Organics Reduction and Recycling
Toxics Reduction in Products
Advanced Design and Operation of Solid Waste Management Facilities and Related Activities
#recycling #solidwastemanagement #sustainability
- published: 22 Jan 2024
- views: 524
13:17
How Much Does New York Actually Recycle? - NYC Revealed
New York has a whole lot of trash, but did you know half of it is recyclable? While NYC might not be the best at it, its system is state of the art — from facil...
New York has a whole lot of trash, but did you know half of it is recyclable? While NYC might not be the best at it, its system is state of the art — from facilities processing New Yorker's bottles and cans to a brand new composting movement to a community who relies on the system to survive.
Join Cheddar & CuriosityStream as we explore the unique histories and modern challenges, defining the future of each of New York City's one-of-a-kind infrastructure systems, in NYC Revealed.
Watch 13 minute versions here on Cheddar's YouTube page. You can also watch the full 24 minute episodes on CuriosityStream and on Cheddar's live network.
Connect with Cheddar!
On Facebook: https://chddr.tv/3JmGgBe
On Twitter: https://chddr.tv/3qaYQog
On Instagram: https://chddr.tv/36u8tqY
On Cheddar.com: https://chddr.tv/37GycgL
https://wn.com/How_Much_Does_New_York_Actually_Recycle_NYC_Revealed
New York has a whole lot of trash, but did you know half of it is recyclable? While NYC might not be the best at it, its system is state of the art — from facilities processing New Yorker's bottles and cans to a brand new composting movement to a community who relies on the system to survive.
Join Cheddar & CuriosityStream as we explore the unique histories and modern challenges, defining the future of each of New York City's one-of-a-kind infrastructure systems, in NYC Revealed.
Watch 13 minute versions here on Cheddar's YouTube page. You can also watch the full 24 minute episodes on CuriosityStream and on Cheddar's live network.
Connect with Cheddar!
On Facebook: https://chddr.tv/3JmGgBe
On Twitter: https://chddr.tv/3qaYQog
On Instagram: https://chddr.tv/36u8tqY
On Cheddar.com: https://chddr.tv/37GycgL
- published: 20 Sep 2022
- views: 110066
7:58
Where Does New York City's Trash Go? | Living City | The New York Times
New York City has one of the largest sanitation departments in the world, but, with declining landfills, we follow waste from sidewalks and garbage trucks to tr...
New York City has one of the largest sanitation departments in the world, but, with declining landfills, we follow waste from sidewalks and garbage trucks to treatment facilities and upstate farms.
Subscribe on YouTube: http://bit.ly/U8Ys7n
New York City has the most complex waste management system in North America. This is the history of trash in New York City.
Read the story: http://nyti.ms/1t0uIEp
---------------------------------------------------------------
Want more from The New York Times?
Watch more videos at: http://nytimes.com/video
Facebook: https://www.facebook.com/nytvideo
Twitter: https://twitter.com/nytvideo
Instagram: http://instagram.com/nytvideo
Whether it's reporting on conflicts abroad and political divisions at home, or covering the latest style trends and scientific developments, New York Times video journalists provide a revealing and unforgettable view of the world. It's all the news that's fit to watch. On YouTube.
Where Does New York City's Trash Go? | Living City | The New York Times
http://www.youtube.com/user/TheNewYorkTimes
https://wn.com/Where_Does_New_York_City's_Trash_Go_|_Living_City_|_The_New_York_Times
New York City has one of the largest sanitation departments in the world, but, with declining landfills, we follow waste from sidewalks and garbage trucks to treatment facilities and upstate farms.
Subscribe on YouTube: http://bit.ly/U8Ys7n
New York City has the most complex waste management system in North America. This is the history of trash in New York City.
Read the story: http://nyti.ms/1t0uIEp
---------------------------------------------------------------
Want more from The New York Times?
Watch more videos at: http://nytimes.com/video
Facebook: https://www.facebook.com/nytvideo
Twitter: https://twitter.com/nytvideo
Instagram: http://instagram.com/nytvideo
Whether it's reporting on conflicts abroad and political divisions at home, or covering the latest style trends and scientific developments, New York Times video journalists provide a revealing and unforgettable view of the world. It's all the news that's fit to watch. On YouTube.
Where Does New York City's Trash Go? | Living City | The New York Times
http://www.youtube.com/user/TheNewYorkTimes
- published: 25 Sep 2014
- views: 1424861
7:04
Making $44K A Year As A Sanitation Worker In NYC | On The Job
Anthony Igneri, 35, works as a sanitation worker in New York City and earns $44,000 per year plus overtime. Raised in Staten Island, Anthony was inspired by his...
Anthony Igneri, 35, works as a sanitation worker in New York City and earns $44,000 per year plus overtime. Raised in Staten Island, Anthony was inspired by his grandfather, who was a World War II veteran and a sanitation worker for 20 years.
» Subscribe to CNBC Make It.: http://cnb.cx/2kxl2rf
About CNBC Make It.: CNBC Make It. is a new section of CNBC dedicated to making you smarter about managing your business, career, and money.
Connect with CNBC Make It. Online
Get the latest updates: https://www.cnbc.com/make-it
Find CNBC Make It. on Facebook: https://cnb.cx/LikeCNBCMakeIt
Find CNBC Make It. on Twitter: https://cnb.cx/FollowCNBCMakeIt
Find CNBC Make It. on Instagram: https://bit.ly/InstagramCNBCMakeIt
#CNBC
#CNBCMakeIt
Making $44K A Year As A Sanitation Worker In NYC | On The Job
https://wn.com/Making_44K_A_Year_As_A_Sanitation_Worker_In_NYC_|_On_The_Job
Anthony Igneri, 35, works as a sanitation worker in New York City and earns $44,000 per year plus overtime. Raised in Staten Island, Anthony was inspired by his grandfather, who was a World War II veteran and a sanitation worker for 20 years.
» Subscribe to CNBC Make It.: http://cnb.cx/2kxl2rf
About CNBC Make It.: CNBC Make It. is a new section of CNBC dedicated to making you smarter about managing your business, career, and money.
Connect with CNBC Make It. Online
Get the latest updates: https://www.cnbc.com/make-it
Find CNBC Make It. on Facebook: https://cnb.cx/LikeCNBCMakeIt
Find CNBC Make It. on Twitter: https://cnb.cx/FollowCNBCMakeIt
Find CNBC Make It. on Instagram: https://bit.ly/InstagramCNBCMakeIt
#CNBC
#CNBCMakeIt
Making $44K A Year As A Sanitation Worker In NYC | On The Job
- published: 02 Apr 2022
- views: 876220
11:38
How NYC’s Sewage System Treats 1.3 Billion Gallons Of Wastewater - NYC Revealed
Underneath the ground of New York's fabled streets exists a vast network of pipes that make up the city's sewer system. New Yorkers create, on average, 1.3 bill...
Underneath the ground of New York's fabled streets exists a vast network of pipes that make up the city's sewer system. New Yorkers create, on average, 1.3 billion gallons of wastewater per day that makes its way through these 7,500 miles of pipes.
Join Cheddar & CuriosityStream as we explore the unique histories and modern challenges, defining the future of each of New York City's one-of-a-kind infrastructure systems, in NYC Revealed.
Watch 13 minute versions here on Cheddar's YouTube page. You can also watch the full 24 minute episodes on CuriosityStream and on Cheddar's live network Wednesdays, at 9 p.m.
Full episodes here:
https://curiositystream.com/series/740
Subscribe to Cheddar on YouTube: http://chdr.tv/subscribe
Connect with Cheddar!
On Facebook: http://chdr.tv/facebook
On Twitter: http://chdr.tv/twitter
On Instagram: http://chdr.tv/instagram
On Cheddar.com: http://chdr.tv/cheddar
https://wn.com/How_Nyc’S_Sewage_System_Treats_1.3_Billion_Gallons_Of_Wastewater_NYC_Revealed
Underneath the ground of New York's fabled streets exists a vast network of pipes that make up the city's sewer system. New Yorkers create, on average, 1.3 billion gallons of wastewater per day that makes its way through these 7,500 miles of pipes.
Join Cheddar & CuriosityStream as we explore the unique histories and modern challenges, defining the future of each of New York City's one-of-a-kind infrastructure systems, in NYC Revealed.
Watch 13 minute versions here on Cheddar's YouTube page. You can also watch the full 24 minute episodes on CuriosityStream and on Cheddar's live network Wednesdays, at 9 p.m.
Full episodes here:
https://curiositystream.com/series/740
Subscribe to Cheddar on YouTube: http://chdr.tv/subscribe
Connect with Cheddar!
On Facebook: http://chdr.tv/facebook
On Twitter: http://chdr.tv/twitter
On Instagram: http://chdr.tv/instagram
On Cheddar.com: http://chdr.tv/cheddar
- published: 27 Jan 2022
- views: 2937192
6:10
Garbage Men
Private sanitation workers in New York City face heavy industry reform that will franchise garbage-collection areas to only "good" companies.
Private sanitation workers in New York City face heavy industry reform that will franchise garbage-collection areas to only "good" companies.
https://wn.com/Garbage_Men
Private sanitation workers in New York City face heavy industry reform that will franchise garbage-collection areas to only "good" companies.
- published: 26 Mar 2016
- views: 61014
12:56
How Singapore fixed its big trash problem | CNBC Reports
More than 2 billion tonnes of global waste is generated yearly. By 2050, it’s expected to increase to 3.4 billion tonnes. CNBC’s Nessa Anwar traces the journey ...
More than 2 billion tonnes of global waste is generated yearly. By 2050, it’s expected to increase to 3.4 billion tonnes. CNBC’s Nessa Anwar traces the journey of a piece of discarded trash in Singapore to the nation’s only landfill, exploring solutions and the future of the world’s garbage dilemma.
-----
Subscribe to us on YouTube: http://cnb.cx/2wuoARM
Subscribe to CNBC International TV on YouTube: https://cnb.cx/2NGytpz
Like our Facebook page:
https://www.facebook.com/cnbcinternational
Follow us on Instagram:
https://www.instagram.com/cnbcinternational/
Follow us on Twitter:
https://twitter.com/CNBCi
https://wn.com/How_Singapore_Fixed_Its_Big_Trash_Problem_|_Cnbc_Reports
More than 2 billion tonnes of global waste is generated yearly. By 2050, it’s expected to increase to 3.4 billion tonnes. CNBC’s Nessa Anwar traces the journey of a piece of discarded trash in Singapore to the nation’s only landfill, exploring solutions and the future of the world’s garbage dilemma.
-----
Subscribe to us on YouTube: http://cnb.cx/2wuoARM
Subscribe to CNBC International TV on YouTube: https://cnb.cx/2NGytpz
Like our Facebook page:
https://www.facebook.com/cnbcinternational
Follow us on Instagram:
https://www.instagram.com/cnbcinternational/
Follow us on Twitter:
https://twitter.com/CNBCi
- published: 26 Apr 2021
- views: 2543178
15:11
How Trash Makes Money In The U.S.
In 2019, the North American waste management market reached $208 billion. Thanks to advancements in modern chemistry and support from municipal governments, lan...
In 2019, the North American waste management market reached $208 billion. Thanks to advancements in modern chemistry and support from municipal governments, landfills have seen astonishing financial success in recent years. Private companies like Waste Management and Republic Services now own a majority of landfills across the U.S., their stocks outperforming the market every year since 2014. So how exactly are landfills turning a profit out of garbage and just how much money can be made? Watch the video to find out.
A rising industry
America has long remained one of the most wasteful countries in the world, generating 239 million metric tons of garbage every year, about 1,600 to 1,700 pounds per person. While some view it as a threat to our environment and society, the solid waste management industry sees an opportunity.
“It’s a profitable industry,” according to Debra Reinhart, a member of the Board of Scientific Counselors for the EPA. “It’s a difficult industry but it is profitable if it’s done right.”
Two private companies, Waste Management and Republic Services, lead the solid waste management sector. Together they own about 480 landfills out of the 2,627 landfills across the United States. The two companies have seen staggering performance in the market, with the stock prices of both doubling in the past five years. Both Waste Management and Republic Services declined CNBC’s request for an interview.
“They’ve learned how to be best-in-class businesses,” said Michael E. Hoffman, a managing director at Stifel Financial. “Their publicly traded stocks outperformed the market handily between 2015 and 2019 and underpinning it is a meaningful improvement in their free cash flow conversion.” The stocks have continued to outperform.
Tipping fees
Since its inception, landfills have made a majority of their revenue via tipping fees. These fees are charged to trucks that are dropping off their garbage based on their weight per ton.
In 2020, municipal solid waste landfills had an average tipping fee of $53.72 per ton. That translates to roughly $1.4 million a year in approximate average gross revenue for small landfills and $43.5 million a year for large landfills just from gate fees.
Tipping fees have seen steady growth over the past four decades. In 1982, the national average tipping fee sat at $8.07 per ton or about $23.00 when adjusted for inflation. That’s nearly a 133% increase in 35 years.
While tipping fees make landfills sound like a risk-free business, they are still quite an expensive investment. It can cost about $1.1 million to $1.7 million just to construct, operate and close a landfill. For this reason, private companies have replaced municipal governments to own and operate the majority of the landfills across the U.S.
“I think it’s because the trend has been to go larger and larger so the small neighborhood dump can’t exist because of the regulations and the sophistication of the design,” Reinhart said. “So we are tending to see large landfills, which do require a lot of investment upfront.”
» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC
» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision
» Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic
About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.
Connect with CNBC News Online
Get the latest news: https://www.cnbc.com/
Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC
Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC
Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC
Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC
#CNBC
How Landfills Make (A Lot Of) Money In The U.S.
https://wn.com/How_Trash_Makes_Money_In_The_U.S.
In 2019, the North American waste management market reached $208 billion. Thanks to advancements in modern chemistry and support from municipal governments, landfills have seen astonishing financial success in recent years. Private companies like Waste Management and Republic Services now own a majority of landfills across the U.S., their stocks outperforming the market every year since 2014. So how exactly are landfills turning a profit out of garbage and just how much money can be made? Watch the video to find out.
A rising industry
America has long remained one of the most wasteful countries in the world, generating 239 million metric tons of garbage every year, about 1,600 to 1,700 pounds per person. While some view it as a threat to our environment and society, the solid waste management industry sees an opportunity.
“It’s a profitable industry,” according to Debra Reinhart, a member of the Board of Scientific Counselors for the EPA. “It’s a difficult industry but it is profitable if it’s done right.”
Two private companies, Waste Management and Republic Services, lead the solid waste management sector. Together they own about 480 landfills out of the 2,627 landfills across the United States. The two companies have seen staggering performance in the market, with the stock prices of both doubling in the past five years. Both Waste Management and Republic Services declined CNBC’s request for an interview.
“They’ve learned how to be best-in-class businesses,” said Michael E. Hoffman, a managing director at Stifel Financial. “Their publicly traded stocks outperformed the market handily between 2015 and 2019 and underpinning it is a meaningful improvement in their free cash flow conversion.” The stocks have continued to outperform.
Tipping fees
Since its inception, landfills have made a majority of their revenue via tipping fees. These fees are charged to trucks that are dropping off their garbage based on their weight per ton.
In 2020, municipal solid waste landfills had an average tipping fee of $53.72 per ton. That translates to roughly $1.4 million a year in approximate average gross revenue for small landfills and $43.5 million a year for large landfills just from gate fees.
Tipping fees have seen steady growth over the past four decades. In 1982, the national average tipping fee sat at $8.07 per ton or about $23.00 when adjusted for inflation. That’s nearly a 133% increase in 35 years.
While tipping fees make landfills sound like a risk-free business, they are still quite an expensive investment. It can cost about $1.1 million to $1.7 million just to construct, operate and close a landfill. For this reason, private companies have replaced municipal governments to own and operate the majority of the landfills across the U.S.
“I think it’s because the trend has been to go larger and larger so the small neighborhood dump can’t exist because of the regulations and the sophistication of the design,” Reinhart said. “So we are tending to see large landfills, which do require a lot of investment upfront.”
» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC
» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision
» Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic
About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.
Connect with CNBC News Online
Get the latest news: https://www.cnbc.com/
Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC
Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC
Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC
Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC
#CNBC
How Landfills Make (A Lot Of) Money In The U.S.
- published: 22 Jul 2021
- views: 1273213