Clean Harbors Announces Increases to Used Oil Pricing and Service Stop Fees in Waste Oil Collection Business
Clean Harbors, Inc. (CLH)
Last clean harbors, inc. earnings: 4/29 07:30 am
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Source: Business Wire
NORWELL, Mass.--(BUSINESS WIRE)--Clean Harbors, Inc. (“Clean Harbors”) (NYSE:CLH), the leading provider of environmental, energy and industrial services throughout North America, today announced that its Safety-Kleen subsidiary and all of its waste oil collections businesses are upwardly revising their pricing related to managing the collection of used engine and industrial oils. Effective immediately, Safety-Kleen is increasing the cost of its charge-for-oil (CFO) program across its used oil collection network, as well as increasing its service stop-fee for its stop-fee program. The CFO increases will range up to 70 cents per gallon depending on certain market factors and will apply to all gallons collected.Craig Linington, EVP of Safety-Kleen Oil, said, “These rate changes are the necessary result of two major external conditions affecting our business. First, the new IMO 2020 regulation, which took full effect on March 1, requires more than 60,000 oceangoing vessels to transiti
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