Tech
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.”
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@user-yh7kz9lo5s
December 20, 2023 at 11:11 pm
Question number 3: at the reason for those landfills to be owned by private companies but not goverments – how long will it take those private companies to pay for enviromental damages? How long will it take them in court? All laws will be fight by lawyers? Who will be able to make those private companies to pay for enviromental destructions if there is? Who will be able to make those private companies to fix ground water problems if there is? How will they going to fix those enviromental problems if there is?
@user-yh7kz9lo5s
December 20, 2023 at 11:11 pm
Question number 2: after 6 mins of the video? What kind of trees and forest are they going to create on top of those landfills? Why don't they turn those landfills into farms? Is there any enviromental problems stopped them from farming foods there?
@user-yh7kz9lo5s
December 20, 2023 at 11:11 pm
Question number 1: In first 4 mins of the video? Anyone go around and check the ground water around those landfills?
@KevinNguyen-zn4vv
December 20, 2023 at 11:11 pm
I pay about the same amount per ton for a local recycling center. Some waste will be used for landfill but most "waste" items will be recycled because that small lot would have been filled to the tip decades ago.
@coldflu
December 20, 2023 at 11:11 pm
When you look at the fiat monetary system, one must wonder if the current money system is the cause. You will witness a ton of products in a waste land that were purchased and thrown in the garbage in a very short time period. I guess the saying goes… garbage in, garbage out.
@user-vi3hc5id1j
December 20, 2023 at 11:11 pm
distant 5
@nunyadambusiness3530
December 20, 2023 at 11:11 pm
So if garbage collection isn't profitable? We let trash and disease run rampant? I say nationalize them once they get to that point.
@Jasmine215100
December 20, 2023 at 11:11 pm
What can they actually DO with all of this trash? Is any of it recyclable? Into what??
@ahmabdullaharun218
December 20, 2023 at 11:11 pm
I am Harun from Dhaka. thank you very much for sharing this video.
@martinc.720
December 20, 2023 at 11:11 pm
"How trash makes money in the US"
That's what I wonder every time I listen to one of their new "recording artists".
@ReelW-tx3gh
December 20, 2023 at 11:11 pm
Damn I AINT know u get payed for that …😂😂😂
@erikbrantner4295
December 20, 2023 at 11:11 pm
Nice bow tie 😂
@Harshal......
December 20, 2023 at 11:11 pm
What If we compress this collected waste and without more treatment put this compressed cubes into our filling material needed to form base of buildings like plinth filling or say where we put soft rocks for filling purpose if we dump that garbage I think we might save those soft rocks…….
@logans3365
December 20, 2023 at 11:11 pm
Landfill mining!? How about we just stop burring our valuable resources in the first place, and actually make an effort to sort and reuse them.
Of course that not as profitable for these private landfills, and all they care about is profiting.
@bluecollarnobody4217
December 20, 2023 at 11:11 pm
I say, burn it all, and make some cheap electricity
Better for the economy
@bluecollarnobody4217
December 20, 2023 at 11:11 pm
Dems gold in dem dere hills
@maxwalker1159
December 20, 2023 at 11:11 pm
!
@jonathanfeinstein6997
December 20, 2023 at 11:11 pm
Excellent summary! Should be required viewing for municipalities.
@user-nq2zg2jo8y
December 20, 2023 at 11:11 pm
I DO WANT TO EAT A FRESH FISH.
@irfansiddiqui5028
December 20, 2023 at 11:11 pm
this is stupid all the major toxic waste goes to poor countries
@akooucetaylor
December 20, 2023 at 11:11 pm
Love the break down. Makes you think about these home builders and condos and apartments and all these homes bunched up all over the west! Create more money full circle
@swimfan6292
December 20, 2023 at 11:11 pm
I read contrary to that WM corporate company. Search for YouTube videos about them…
@HarrisCrey-ig2qt
December 20, 2023 at 11:11 pm
I encourage everyone of us to invest in recycling and support genuine recycling initiative. I have been investing in recycling for two years now. Although the profit are not what I expected but is it worth it, contributing to sustainability is worth it, you should be part of it too. I will be willing to guide you.
@olegc6209
December 20, 2023 at 11:11 pm
The business is just about to dig garbage under the ground like it was for hundreds of years.. The biggest improvement so far is they made a plastic bowl to prevent trash contacting the soil… But nothing changed – we pollute our planet. Everybody talks about regulations for landfills but nobody talks about regulations for manufacturers who produce trash. Why don't prohibit plastic bottles and plastic bags? Why don't tax Pepsi?
@Krystolsenergy
December 20, 2023 at 11:11 pm
where is it all gonna ago once you run out of space to put them?
@nummingsworthforbiddenda-mh6tz
December 20, 2023 at 11:11 pm
Still will 😊
@nummingsworthforbiddenda-mh6tz
December 20, 2023 at 11:11 pm
Hahahahhahahaha little do you know i could have a mansion gold toilet full of furniture electronics and some wicked belongings and a mini farm out if that so good luck
@sahidbangura
December 20, 2023 at 11:11 pm
Can you help me with this project in my community in Africa Sierra Leone cuz it will worth it I know how people are suffering in darkness I will be so happy if my request is granted
@ashleydoyle4252
December 20, 2023 at 11:11 pm
where does the water go
@kiminthemix4251
December 20, 2023 at 11:11 pm
the waste management in my area is so poor that govt does nothing about it. No waste management here. People burn their waste on a daily basis in their backyards. Every evening I smell bad fumes. Initially, I thought of doing a business of waste management but seems it's out of my power to do it. Im helpless but to smell these harmful gases everyday. I m worried about my health and my families and the upcoming generation.
@becauseitscurrentyear8397
December 20, 2023 at 11:11 pm
they should put this in a textbook to show what government regulation does to industry.
the little guy can not participate in the market and the price goes up, effectively handing the market to the most wealthy,
@cazu2479
December 20, 2023 at 11:11 pm
Another man’s trash is another man’s treasure
@thecasualgamer8062
December 20, 2023 at 11:11 pm
North America has the largest landfill in the world it's called Africa and South East Asia. Lol
@MissAmazanda
December 20, 2023 at 11:11 pm
America needs to sign a law that not more than 25% of drinks can be put in plastic bottles , the rest must be aluminum because aluminum gets recycled way more as plastic just sits in our rivers and alongside the roadways….
@basaka6806
December 20, 2023 at 11:11 pm
Thanks…I need to start this in Kenya can u help me out
@a1south306
December 20, 2023 at 11:11 pm
What are some great ideas to start as a independent person with trash? Anybody could answer
@Cjohnson87
December 20, 2023 at 11:11 pm
Oh private companies now owning it? Im calling it now… disaster waiting to happen
@fedricknietchzhe
December 20, 2023 at 11:11 pm
After kochi
@Amocles
December 20, 2023 at 11:11 pm
Man that guy had like eight bags of pistachios behind him
@jhonnymembreno3611
December 20, 2023 at 11:11 pm
Im getting paid 42 per ton from ct to oh😢
@nathanrobinson7715
December 20, 2023 at 11:11 pm
I walk daily to pick up cans and bottles occasionally. I get money for cans. But bottles I just have recycled at dump collection.