DSNY plans to award more commercial waste zone contracts following market consolidation [Yahoo! Finance]
Waste Connections, Inc. Common Shares (WCN)
Last waste connections, inc. common shares earnings: 2/12 04:10 pm
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Source: Yahoo! Finance
Ripple effects from a notable acquisition in New York continue to play out, as the city's Department of Sanitation faces pressure to move quicker on implementing a commercial waste zone system five years after it became law. The system will replace a longstanding open market in the city by dividing it into 20 non-exclusive zones, with three haulers each, plus five contracts for citywide container service. DSNY announced 65 contracts in January, but that list of awardees has already begun to shift due to acquisitions. DSNY signaled in a Wednesday council hearing that it could award two new contracts to unspecified companies, following gaps created by Waste Connections' recent acquisition of fellow awardee Royal Waste Services “We remain steadfast in our commitment that there must be three carters per zone and that no carter may have more than 15 zones, including via subsidiaries, in order to maintain necessary market competition and keep prices down,” said DSNY Commissioner Jess
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WCN
Earnings
- 10/23/24 - Beat
WCN
Sec Filings
- 11/13/24 - Form 4
- 11/12/24 - Form 4
- 11/12/24 - Form 144
- WCN's page on the SEC website