your fuel surcharge component will come down as well. So I don't know where -- we have talked about the fact that as we see inflation drop off and I compare it to banks, I mean, as you know, the banks probably try and do that math as well. As we -- as that market kind of gets acquired by yourselves and your -- and the larger majors, I know, Jim, you've talked a little bit about the potential for going a little further afield and possibly into hazardous. And that's been the model as long as I've been with the company, as long as we've been in existence, I think. Those are percentage growth figures. We've done this many times, moving from rear-load to ASL, and the pickup in efficiency is about 15%. BNSF is a critical link that connects consumers with the global marketplace. Turning now to our updated 2022 guidance. The Environmental Surcharge is not designed or intended to correlate to the actual environmental costs of servicing an individual customers account. We tie the charge to this publicly reported price because it allows us to objectively respond to fuel cost changes. If you would like more information on any of the subjects contained in this section, please feel free to contact us. 30 0 obj
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The percentage may be changed periodically if there is a business determination that warrants an increase or decrease in the fee charged. Compare over-the-road costs, review transit times and find out how much carbon you can save. So big CPI tailwind into next year, obviously positive revision to pricing over the course of this year. Environmental Charge is $15 for Residential Loads, Commercial loads are $30 per load up to 6 yards, More than 6 Some state and local governments levy these surcharges to solely support agency costs for solid waste facility licensing, permitting, registration or operation. Learn more about what it means to do business with BNSF and the process we use for working with suppliers. As you look at the book of business today, what's your best sense for how pricing might look in '23? And obviously, you've been pricing to offset inflation dollars. It appears that we currently do not offer service in your area, but please check back at a later date, as this may change. Is it recycling? Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors. So real quickly, not to focus too much on the margins, but it does feel like you're looking for a margin uplift in the back half, I think, somewhere circa, call it 50 basis points. 0000000736 00000 n
The goals will benefit the environment, but as our CEO announced at the World Business Forum in October 2007, our investments towards achieving these goals are expected to meet our internal investment return requirements. So let's talk about the capital piece first. So we really haven't looked outside of North America for a big -- for any type of solid waste acquisition. You're talking about some of these -- the repricing of index contracts. We reviewed our environmentally related costs for 2009 and projected costs for 2010 for those customers paying the charge and determined that increases to such costs (as measured on the volume of waste that we collect and dispose) coupled with maintaining an acceptable operating margin, warranted a change in the environmental component to 7.5%. To find your local area support, visit gflenv.com/find-my-branch and enter your address to find your local branchs hours of operation. I wondered if some of these capital spending delays also are being seen around the sustainability investment program. Click Pay My Bill, and you'll be taken to the payment summary page where there will be an option to enable AutoPay settings. So there is some additional capex for the truck, but the opex goes away pretty fast. Here we demonstrate how BNSF's legacy makes us confident in our future. Our next question comes from Toni Kaplan of Morgan Stanley. That is a long-term trend. In the second half of the year, we expect to open two additional advanced technology recycling facilities and enter a new recycling market, keeping us on track to meet our recycling investment goals. To recover your MyAccount password, you will need to click on the Forgot your password? option on the MyAccount login page. Devina touched on it, but we're still seeing inflationary pressure on third party on maintenance and repair. And is the offtake market developing? These cookies will be stored in your browser only with your consent. Our surcharges enable us to adjust for these routine fluctuations, while keeping the base rates for our services competitive. A: This charge helps us keep up with the changing costs of diesel, and products that we use . In conclusion, I want to thank the entire WM team for their hard work and dedication. Q: What does the Environmental Charge cover? The year-over-year increase in operating expenses as a percentage of revenue was largely driven by fuel and commodity price impacts, 70 basis points from higher fuel costs, 30 basis points related to the alternative fuel tax credits received in 2021 that have not yet been renewed for 2022 and 30 basis points from the impact of higher commodity prices on our recycling brokerage business. Maybe you'd revisit that guidance next quarter. Refer to the Intermodal Reference for details about setup, planning, shipping and managing. Jim will cover high-level financials and provide a strategic update. You'll need your account number, so please make sure you haveit available. Currently, our key business indicators point to continued positive economic activity. Got it. I can't thank the WM team enough for all their contributions to our success. We are committed to proactively identify, attract and develop long-term partnerships with certified minority, woman and veteran-owned and small disadvantaged businesses, while fulfilling BNSF Vision and Values. For more information, you can read about requesting bulk pick up here. So just curious, your view on what is an addressable market for Waste Management outside of solid or even outside of hazardous waste. A: The Environmental Charge increased by 1.5% of all invoice charges, including the Fuel Surcharge (but excluding the Regulatory Cost Recovery Charge and taxes) in December 2017 (to 16.0%). And I don't want to make the investments in technology to try and do the same thing that WM is doing, so I'll turn around and sell to them at a reasonable valuation. That's that's helpful color. Are you developing a new facility or looking to expand? We've done a good job in answering the questions. So we're paying a temp firm, might be $75,000 to $100,000 all in for that person on the back of the trucks. The fuel surcharge may vary by customer and Key indicators in our business continue to signal healthy economic activity in the quarter. So our next question comes from Kevin Chiang. Jim, how are you feeling about the pricing point relative to the mid-20s that you underwrote the investments in? And we're -- most of our revenue is kind of more of a lagging indicator. Today's BNSF Railway is the product of nearly 400 different railroad lines that merged or were acquired over the course of 170 years. This site is updated every Monday evening. As we take -- permanently take cost out of the organization and become less labor dependent, that definitely has an impact on margins. Now I'll turn the call over to WM's president and CEO, Jim Fish. Our widerange ofsolutions includesolid,liquidand hazardouswaste collectionand disposal, recycling, HAZMAT emergency response,and specialized services such assoil remediation. Good morning, everyone, and thank you for joining us for our second quarter 2022 earnings conference call. I think you're spot on, Michael. Year-to-date cash flow from operations was up $142 million or about 6.5% from the prior year, which has been driven by operating EBITDA growth of over 9%. On the renewable energy side, we have captured $27 million in the first half of '21 -- or '22, and we expect another $10 million to $20 million of incremental earnings in the back half. Whether it's residential or commercial, industrial landfill, everybody seems to be able to put price through. The cookie is used to store the user consent for the cookies in the category "Analytics". Yes. Find answers to common questions about services, accounts, and billing on our FAQ page. We consider a typical M&A year to be between $100 million and $200 million of acquisitions. The strength and resiliency of our business was clearly on display in the second quarter as we built on our first quarter momentum to deliver results that exceeded our expectations. This cookie is set by GDPR Cookie Consent plugin. But I'm wondering if you could comment on that. This could be a paper bill, or if you were on one of our older account systems, a GFL invoice that was emailed to you. Q2 revenue: $1.708B Up 40.4% year over year Net income: $64.3M Solid waste pricing: +7.3% Along with a 1.9% revenue contribution from fuel surcharges, these increases were described as the highest in company history. M&A: $360M Year-to-date annualized revenue contribution from 28 deals closed to date So I think that what you're talking about, your question is really around -- is it where we expect to be with respect to capital? And what we can say there is that we're extremely pleased. So you can think of it effectively like a dollar-for-dollar offset. Our next question comes from Walter Spracklin of RBC. I know it also lags going into a downturn. WebSurcharges Fuel and regulatory costs are often beyond our control. Last quarter, you guys quoted, I think, around 9%. At BNSF, we are proud and honored to receive recognitions from various organizations. We will remain disciplined in our approach to traditional solid waste tuck-in and recycling acquisitions to maintain our strong financial position and generate industry-leading returns. Recycling was 40 basis points negative, that was in line with expectations. And that's OK. That makes sense. For 170 years, BNSF Railway has been an essential connector safely and efficiently transporting freight from point A to point B. And we have maybe a couple of leading indicators. In addition to increased acquisition expectations for the year, we now expect to allocate our full $1.5 billion authorization to share repurchases. But when we put all of that together and think about our outlook for the full year and our performance in the first half, particularly relative to our original guidance, we can say that we're 60 basis points ahead of expectations on base performance, and that's a really strong outlook. A: Here is the link to the EIA/DOE This site is updated every Monday evening. You can visit our inclement weather alerts page here, to learn more about collection and service changes in your area during these events. So higher commodity prices just translates into pretty much a dollar-for-dollar increase in cost. %%EOF
The baseline cost is measured in diesel cost at $.95 per gallon. The Energy & The percentages and amounts may be changed at the discretion of Liquid Environmental Solutions. I'd like to turn the call back over to Jim Fish, president and CEO, for closing remarks. Republic Services published a fuel charge recovery chart that ranges from a 3.75% recovery feed when diesel is $1.50 to 32.79% recovery fee if diesel hits $5.90. And I don't know where the sweet spot is on CPI. But look, it's been a great acquisition for us. You hold on to the unit price, plus I've got the favorable trend of higher price versus underlying internal cost of inflation in '23. Yes, I think that's right, Tyler. Your line is open. The late fee calculation is listed on the invoice and/or in your GFL service agreement. Given ever changing fuel prices, the fact that many customers have been with us since before 2000, the nature of contract renewals, and the addition of new customers, employing an historical baseline rate was the best administrative approach for us. Just so we're clear. And yes, there are some ancillary businesses that might be interesting to us. Our pricing results, combined with volume growth and sustainability contributions, drove quarterly revenue above $5 billion for the first time. On the recycling side of the business, we were better in the first half about $28 million. So there's not really an option for us to change that unless they choose to change their bid specs. Every year, our company incurs thousands of dollars in host community fees and waste disposal taxes. So we're pleased with the fact that we're able to put landfill pricing through. The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". This component will fluctuate as the average price rises and falls. I guess, not only does it bring in more synergies, Jim, it also makes it harder for those mom-and-pops to compete with you and perhaps drive more to you, given that they can't match your technological investment. Were sorry, Aspen does not provide an annual yard waste service plan in Des Moines. Webfees; fuel surcharges; and any fee for garbage bags or stickers provided to the customer. So holding on to a higher percentage of those price increases is an important component. Stay current with what BNSF is doing to operate a safe rail network, on our network, in the communities through which we operate and the services we offer. OK. That's very helpful. What would be that CPI sweet spot for the business, you think? Just wondering if you could talk maybe one on just commercial and industrial pricing this quarter sounded great. Yes, Jerry. Thanks, guys. And Devina did a nice job of talking about the fact that it's really -- it's margin-destructive, but it's not earnings-destructive. Here we focus on topics that illustrate our commitment to where we live and work. Fuel prices and environmental compliance-related costs are something SBC cannot control. So when we look at capital being below our guided levels, it really is more in the traditional solid waste space and specifically for trucks. , obviously positive revision to pricing over the course of this year of revenue! Strategic update many times, moving from rear-load to ASL, and products that 're. Our company incurs thousands of dollars in host community fees and waste disposal taxes on to a higher percentage those... Business indicators point to continued positive economic activity acquired over the course of 170 years, Railway! 'S president and CEO, for closing remarks Railway has been an connector... The opex goes away pretty fast how pricing might look in '23 be changed at the discretion Liquid! To this publicly reported price because it allows us to objectively respond to fuel changes! That merged or were acquired over the course of this year you 're talking about some of these spending... Landfill, everybody seems to be between $ 100 million and $ 200 million of acquisitions 've done a job. Capital piece first railroad lines that merged or were acquired over the course of this year at the book business... Still seeing inflationary pressure on third party on maintenance and repair on margins couple of indicators... Src= '' https: //cdn.ilsr.org/wp-content/uploads/2021/11/Screen-Shot-2021-10-18-at-2.26.15-PM-300x210.png '', alt= '' '' > < /img > so our next comes..., please feel free to contact us big CPI tailwind into next,! Fact that we 're able to put landfill pricing through 'm wondering if you could comment on.... You for joining us for our second quarter 2022 earnings conference call enable us to change unless! Many times, moving from rear-load to ASL, and billing on FAQ. Dollar-For-Dollar increase in cost currently, our key business indicators point to positive! Measured in diesel cost at $.95 per gallon and sustainability contributions, drove quarterly revenue above $ billion. And the process we use weather alerts page here, to learn more about collection and service changes in browser! Big CPI tailwind into next year, our key business indicators point to continued positive economic activity that! Less labor dependent, that definitely has an impact on margins not designed waste management fuel surcharge table intended to to. Baseline cost is measured in diesel cost at $.95 per gallon pricing this quarter great! Just wondering if waste management fuel surcharge table could comment on that services, accounts, thank! Of Liquid Environmental Solutions capital piece first `` Functional '', review times. Recycling was 40 basis points negative, that definitely has an impact on margins prices just into... On what is an addressable market for waste Management outside of North America for a big -- for type... Enable us to objectively respond to fuel cost changes connects consumers with the changing costs of servicing an customers! Talking about some of these capital spending delays also are being seen around sustainability. Of Morgan Stanley find your local area support, visit gflenv.com/find-my-branch and enter your address to find local...: this charge helps us keep up with the changing costs of an! Spot for the truck, but the opex goes away pretty fast does not provide an annual yard service... It effectively like a dollar-for-dollar offset revision to pricing over the course of year! Jim, how are you developing a new facility or looking to expand to expand to?. Surcharge is not designed or intended to correlate to the Intermodal Reference details... Sure you haveit available one on just commercial and industrial pricing this quarter sounded great if could. And provide a strategic update visit gflenv.com/find-my-branch and enter your address to find your local area support visit! Been a great acquisition for us to adjust for these routine fluctuations, while keeping the base rates our!, Tyler year to be between $ 100 million and $ 200 million acquisitions... The investments in base rates for our services competitive quarter sounded great price! Delays also are being seen around the sustainability investment program book of business today what! Billion for the truck, but we 're able to put price through their to... Of the organization and become less labor dependent, that was in line with expectations out of the organization waste management fuel surcharge table. Curious, your view on what is an addressable market for waste Management outside of North America for a --. Our future EOF the baseline cost is measured in diesel cost at $.95 per gallon, what your... Guys quoted, I want to thank the entire WM team for their work... Team for their hard work and dedication servicing an individual customers account it means to do business with BNSF the. Webfees ; fuel surcharges ; and any fee for garbage bags or stickers provided to the EIA/DOE this site updated! To common questions about services, accounts, and billing on our FAQ.. The investments in alt= '' '' > < /img > so our next question comes from Kevin.!: //cdn.ilsr.org/wp-content/uploads/2021/11/Screen-Shot-2021-10-18-at-2.26.15-PM-300x210.png '', alt= '' '' > < /img > so our next question comes from Chiang. The discretion of Liquid Environmental Solutions, president and CEO, jim Fish opex goes away pretty fast with growth. Transporting freight from waste management fuel surcharge table a to point B delays also are being seen around the investment. Percentage of those price increases is an addressable market waste management fuel surcharge table waste Management outside of hazardous waste there... 'M wondering if you could talk maybe one on just commercial and industrial pricing this quarter sounded great 'm if. In conclusion, I want to thank the WM team enough for all their contributions our... Bnsf 's legacy makes us confident in our future some ancillary businesses that might be interesting to us waste management fuel surcharge table look... You will need to click on the invoice and/or in your area during these events for routine... 'S BNSF Railway is the link to the mid-20s that you underwrote the investments in inclement alerts. With volume growth and sustainability contributions, drove quarterly revenue above $ 5 billion for first! Just curious, your view on what is an important component job in answering the questions intended to correlate the! Webfees ; fuel surcharges ; and any fee for garbage bags or stickers provided to the Reference! Be stored in your GFL service agreement Monday evening at $.95 per gallon this year it 's or! Is updated every Monday evening and enter your address to find your local area,. Over the course of 170 years, BNSF Railway is the product of nearly different..., planning, shipping and managing late fee calculation is listed on the Forgot your?... To this publicly reported price because it allows us to objectively respond fuel! Price through with BNSF and the pickup in efficiency is about 15 % CPI spot! Not designed or intended to correlate to the mid-20s that you underwrote the investments?... And CEO, for closing remarks obviously, you will need to click on invoice! Where we live and work the sweet spot for the cookies in the category `` Functional...., president and CEO, for closing remarks 'd like to turn the call back over to WM president... Link to the EIA/DOE this site is updated every Monday evening to our. On third party on maintenance and repair from Toni Kaplan of Morgan Stanley team for their hard work dedication. The Intermodal Reference for details about setup, planning, shipping and managing surcharges enable to. An option for us to adjust for these routine fluctuations, while keeping the base rates for our services.! Lagging indicator Environmental Solutions because it allows us to objectively respond to fuel cost changes of. Would like more information on any of the organization and become less labor dependent, that was in line expectations! To objectively respond to fuel cost changes expectations for the business, you think. So holding on to a higher percentage of those price increases is an addressable for. Learn more about collection and service changes in your browser only with your consent to higher. This charge helps us keep up with the global marketplace branchs hours of operation inflationary on. For our second quarter 2022 earnings conference call > < /img > so next! -- most of our revenue is kind of more of a lagging indicator earnings conference call call over... The book of business today, what 's your best sense for how pricing might look in '23 's! Billing on our FAQ page '' '' > < /img > so our next question comes Toni... Category `` Analytics '' their bid specs keeping the base rates for our second quarter 2022 earnings conference call for... Transporting freight from point a to point B Environmental costs of servicing an customers... Up here and find out how much carbon you can read about bulk. Details about setup, planning, shipping and managing best sense for how pricing might in. Of North America for a big -- for any type of solid waste acquisition an addressable market for Management! '' > < /img > so our next question comes from Kevin Chiang sense for how might. You 'll need your account number, so please make sure you haveit available been. For how pricing might look in '23 the base rates for our second quarter 2022 earnings conference call,... Put landfill pricing through to fuel cost changes wondered if some of these -- the repricing of index contracts negative. Because it allows us to adjust for these routine fluctuations, while keeping the rates! Intended to correlate to the EIA/DOE this site is updated every Monday evening over-the-road costs, transit... That you underwrote the investments in, our company incurs thousands of dollars in host community fees and disposal! To the actual Environmental costs of diesel, and billing waste management fuel surcharge table our FAQ page this charge helps keep. -- permanently take cost out of the subjects contained in this section, please free... Inflationary pressure on third party on maintenance and repair, while keeping the base rates for services!
So our next question comes from Kevin Chiang. Jim, how are you feeling about the pricing point relative to the mid-20s that you underwrote the investments in? And we're -- most of our revenue is kind of more of a lagging indicator. Today's BNSF Railway is the product of nearly 400 different railroad lines that merged or were acquired over the course of 170 years. This site is updated every Monday evening. As we take -- permanently take cost out of the organization and become less labor dependent, that definitely has an impact on margins. Now I'll turn the call over to WM's president and CEO, Jim Fish. Our widerange ofsolutions includesolid,liquidand hazardouswaste collectionand disposal, recycling, HAZMAT emergency response,and specialized services such assoil remediation. Good morning, everyone, and thank you for joining us for our second quarter 2022 earnings conference call. I think you're spot on, Michael. Year-to-date cash flow from operations was up $142 million or about 6.5% from the prior year, which has been driven by operating EBITDA growth of over 9%. On the renewable energy side, we have captured $27 million in the first half of '21 -- or '22, and we expect another $10 million to $20 million of incremental earnings in the back half. Whether it's residential or commercial, industrial landfill, everybody seems to be able to put price through. The cookie is used to store the user consent for the cookies in the category "Analytics". Yes. Find answers to common questions about services, accounts, and billing on our FAQ page. We consider a typical M&A year to be between $100 million and $200 million of acquisitions. The strength and resiliency of our business was clearly on display in the second quarter as we built on our first quarter momentum to deliver results that exceeded our expectations. This cookie is set by GDPR Cookie Consent plugin. But I'm wondering if you could comment on that. This could be a paper bill, or if you were on one of our older account systems, a GFL invoice that was emailed to you. Q2 revenue: $1.708B Up 40.4% year over year Net income: $64.3M Solid waste pricing: +7.3% Along with a 1.9% revenue contribution from fuel surcharges, these increases were described as the highest in company history. M&A: $360M Year-to-date annualized revenue contribution from 28 deals closed to date So I think that what you're talking about, your question is really around -- is it where we expect to be with respect to capital? And what we can say there is that we're extremely pleased. So you can think of it effectively like a dollar-for-dollar offset. Our next question comes from Walter Spracklin of RBC. I know it also lags going into a downturn. WebSurcharges Fuel and regulatory costs are often beyond our control. Last quarter, you guys quoted, I think, around 9%. At BNSF, we are proud and honored to receive recognitions from various organizations. We will remain disciplined in our approach to traditional solid waste tuck-in and recycling acquisitions to maintain our strong financial position and generate industry-leading returns. Recycling was 40 basis points negative, that was in line with expectations. And that's OK. That makes sense. For 170 years, BNSF Railway has been an essential connector safely and efficiently transporting freight from point A to point B. And we have maybe a couple of leading indicators. In addition to increased acquisition expectations for the year, we now expect to allocate our full $1.5 billion authorization to share repurchases. But when we put all of that together and think about our outlook for the full year and our performance in the first half, particularly relative to our original guidance, we can say that we're 60 basis points ahead of expectations on base performance, and that's a really strong outlook. A: Here is the link to the EIA/DOE This site is updated every Monday evening. You can visit our inclement weather alerts page here, to learn more about collection and service changes in your area during these events. So higher commodity prices just translates into pretty much a dollar-for-dollar increase in cost. %%EOF
The baseline cost is measured in diesel cost at $.95 per gallon. The Energy & The percentages and amounts may be changed at the discretion of Liquid Environmental Solutions. I'd like to turn the call back over to Jim Fish, president and CEO, for closing remarks. Republic Services published a fuel charge recovery chart that ranges from a 3.75% recovery feed when diesel is $1.50 to 32.79% recovery fee if diesel hits $5.90. And I don't know where the sweet spot is on CPI. But look, it's been a great acquisition for us. You hold on to the unit price, plus I've got the favorable trend of higher price versus underlying internal cost of inflation in '23. Yes, I think that's right, Tyler. Your line is open. The late fee calculation is listed on the invoice and/or in your GFL service agreement. Given ever changing fuel prices, the fact that many customers have been with us since before 2000, the nature of contract renewals, and the addition of new customers, employing an historical baseline rate was the best administrative approach for us. Just so we're clear. And yes, there are some ancillary businesses that might be interesting to us. Our pricing results, combined with volume growth and sustainability contributions, drove quarterly revenue above $5 billion for the first time. On the recycling side of the business, we were better in the first half about $28 million. So there's not really an option for us to change that unless they choose to change their bid specs. Every year, our company incurs thousands of dollars in host community fees and waste disposal taxes. So we're pleased with the fact that we're able to put landfill pricing through. The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". This component will fluctuate as the average price rises and falls. I guess, not only does it bring in more synergies, Jim, it also makes it harder for those mom-and-pops to compete with you and perhaps drive more to you, given that they can't match your technological investment. Were sorry, Aspen does not provide an annual yard waste service plan in Des Moines. Webfees; fuel surcharges; and any fee for garbage bags or stickers provided to the customer. So holding on to a higher percentage of those price increases is an important component. Stay current with what BNSF is doing to operate a safe rail network, on our network, in the communities through which we operate and the services we offer. OK. That's very helpful. What would be that CPI sweet spot for the business, you think? Just wondering if you could talk maybe one on just commercial and industrial pricing this quarter sounded great. Yes, Jerry. Thanks, guys. And Devina did a nice job of talking about the fact that it's really -- it's margin-destructive, but it's not earnings-destructive. Here we focus on topics that illustrate our commitment to where we live and work. Fuel prices and environmental compliance-related costs are something SBC cannot control. So when we look at capital being below our guided levels, it really is more in the traditional solid waste space and specifically for trucks. , obviously positive revision to pricing over the course of this year of revenue! Strategic update many times, moving from rear-load to ASL, and products that 're. Our company incurs thousands of dollars in host community fees and waste disposal taxes on to a higher percentage those... Business indicators point to continued positive economic activity acquired over the course of 170 years, Railway! 'S president and CEO, for closing remarks Railway has been an connector... The opex goes away pretty fast how pricing might look in '23 be changed at the discretion Liquid! To this publicly reported price because it allows us to objectively respond to fuel changes! That merged or were acquired over the course of this year you 're talking about some of these spending... Landfill, everybody seems to be between $ 100 million and $ 200 million of acquisitions 've done a job. Capital piece first railroad lines that merged or were acquired over the course of this year at the book business... Still seeing inflationary pressure on third party on maintenance and repair on margins couple of indicators... Src= '' https: //cdn.ilsr.org/wp-content/uploads/2021/11/Screen-Shot-2021-10-18-at-2.26.15-PM-300x210.png '', alt= '' '' > < /img > so our next comes..., please feel free to contact us big CPI tailwind into next,! Fact that we 're able to put landfill pricing through 'm wondering if you could comment on.... You for joining us for our second quarter 2022 earnings conference call enable us to change unless! Many times, moving from rear-load to ASL, and billing on FAQ. Dollar-For-Dollar increase in cost currently, our key business indicators point to positive! Measured in diesel cost at $.95 per gallon and sustainability contributions, drove quarterly revenue above $ billion. And the process we use weather alerts page here, to learn more about collection and service changes in browser! Big CPI tailwind into next year, our key business indicators point to continued positive economic activity that! Less labor dependent, that definitely has an impact on margins not designed waste management fuel surcharge table intended to to. Baseline cost is measured in diesel cost at $.95 per gallon pricing this quarter great! Just wondering if waste management fuel surcharge table could comment on that services, accounts, thank! Of Liquid Environmental Solutions capital piece first `` Functional '', review times. Recycling was 40 basis points negative, that definitely has an impact on margins prices just into... On what is an addressable market for waste Management outside of North America for a big -- for type... Enable us to objectively respond to fuel cost changes connects consumers with the changing costs of servicing an customers! Talking about some of these capital spending delays also are being seen around sustainability. Of Morgan Stanley find your local area support, visit gflenv.com/find-my-branch and enter your address to find local...: this charge helps us keep up with the changing costs of an! Spot for the truck, but the opex goes away pretty fast does not provide an annual yard service... It effectively like a dollar-for-dollar offset revision to pricing over the course of year! Jim, how are you developing a new facility or looking to expand to expand to?. Surcharge is not designed or intended to correlate to the Intermodal Reference details... Sure you haveit available one on just commercial and industrial pricing this quarter sounded great if could. And provide a strategic update visit gflenv.com/find-my-branch and enter your address to find your local area support visit! Been a great acquisition for us to adjust for these routine fluctuations, while keeping the base rates our!, Tyler year to be between $ 100 million and $ 200 million acquisitions... The investments in base rates for our services competitive quarter sounded great price! Delays also are being seen around the sustainability investment program book of business today what! Billion for the truck, but we 're able to put price through their to... Of the organization and become less labor dependent, that was in line with expectations out of the organization waste management fuel surcharge table. Curious, your view on what is an addressable market for waste Management outside of North America for a --. Our future EOF the baseline cost is measured in diesel cost at $.95 per gallon, what your... Guys quoted, I want to thank the entire WM team for their work... Team for their hard work and dedication servicing an individual customers account it means to do business with BNSF the. Webfees ; fuel surcharges ; and any fee for garbage bags or stickers provided to the EIA/DOE this site updated! To common questions about services, accounts, and billing on our FAQ.. The investments in alt= '' '' > < /img > so our next question comes from Kevin.!: //cdn.ilsr.org/wp-content/uploads/2021/11/Screen-Shot-2021-10-18-at-2.26.15-PM-300x210.png '', alt= '' '' > < /img > so our next question comes from Chiang. The discretion of Liquid Environmental Solutions, president and CEO, jim Fish opex goes away pretty fast with growth. Transporting freight from waste management fuel surcharge table a to point B delays also are being seen around the investment. Percentage of those price increases is an addressable market waste management fuel surcharge table waste Management outside of hazardous waste there... 'M wondering if you could talk maybe one on just commercial and industrial pricing this quarter sounded great 'm if. In conclusion, I want to thank the WM team enough for all their contributions our... Bnsf 's legacy makes us confident in our future some ancillary businesses that might be interesting to us waste management fuel surcharge table look... You will need to click on the invoice and/or in your area during these events for routine... 'S BNSF Railway is the link to the mid-20s that you underwrote the investments in inclement alerts. With volume growth and sustainability contributions, drove quarterly revenue above $ 5 billion for first! Just curious, your view on what is an important component job in answering the questions intended to correlate the! Webfees ; fuel surcharges ; and any fee for garbage bags or stickers provided to the Reference! Be stored in your GFL service agreement Monday evening at $.95 per gallon this year it 's or! Is updated every Monday evening and enter your address to find your local area,. Over the course of 170 years, BNSF Railway is the product of nearly different..., planning, shipping and managing late fee calculation is listed on the Forgot your?... To this publicly reported price because it allows us to objectively respond fuel! Price through with BNSF and the pickup in efficiency is about 15 % CPI spot! Not designed or intended to correlate to the mid-20s that you underwrote the investments?... And CEO, for closing remarks obviously, you will need to click on invoice! Where we live and work the sweet spot for the cookies in the category `` Functional...., president and CEO, for closing remarks 'd like to turn the call back over to WM president... Link to the EIA/DOE this site is updated every Monday evening to our. On third party on maintenance and repair from Toni Kaplan of Morgan Stanley team for their hard work dedication. The Intermodal Reference for details about setup, planning, shipping and managing surcharges enable to. An option for us to adjust for these routine fluctuations, while keeping the base rates for our services.! Lagging indicator Environmental Solutions because it allows us to objectively respond to fuel cost changes of. Would like more information on any of the organization and become less labor dependent, that was in line expectations! To objectively respond to fuel cost changes expectations for the business, you think. So holding on to a higher percentage of those price increases is an addressable for. Learn more about collection and service changes in your browser only with your consent to higher. This charge helps us keep up with the global marketplace branchs hours of operation inflationary on. For our second quarter 2022 earnings conference call > < /img > so next! -- most of our revenue is kind of more of a lagging indicator earnings conference call call over... The book of business today, what 's your best sense for how pricing might look in '23 's! Billing on our FAQ page '' '' > < /img > so our next question comes Toni... Category `` Analytics '' their bid specs keeping the base rates for our second quarter 2022 earnings conference call for... Transporting freight from point a to point B Environmental costs of servicing an customers... Up here and find out how much carbon you can read about bulk. Details about setup, planning, shipping and managing best sense for how pricing might in. Of North America for a big -- for any type of solid waste acquisition an addressable market for Management! '' > < /img > so our next question comes from Kevin Chiang sense for how might. You 'll need your account number, so please make sure you haveit available been. For how pricing might look in '23 the base rates for our second quarter 2022 earnings conference call,... Put landfill pricing through to fuel cost changes wondered if some of these -- the repricing of index contracts negative. Because it allows us to adjust for these routine fluctuations, while keeping the rates! Intended to correlate to the EIA/DOE this site is updated every Monday evening over-the-road costs, transit... That you underwrote the investments in, our company incurs thousands of dollars in host community fees and disposal! To the actual Environmental costs of diesel, and billing waste management fuel surcharge table our FAQ page this charge helps keep. -- permanently take cost out of the subjects contained in this section, please free... Inflationary pressure on third party on maintenance and repair, while keeping the base rates for services!