Learn More, Waste Management(WM -0.43%)Q22022 Earnings CallJul 27, 2022, 10:00 a.m. And today many suppliers will not commit pricing for any specific length of time because of limited inventory related to supply chain disruption. Thank you. Webfees; fuel surcharges; and any fee for garbage bags or stickers provided to the customer.

Only soil remediation services are available in your area at this time. The good news is that this is not your traditional, OK, we're going to rip 10% of the workforce.

But what I would say is the plus 100 to plus 140 now looks more like, call it, plus 80 to plus 120.

Great.

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Theyjust revealed what they believe are thetenbest stocksfor investors to buy right now and Waste Managementwasn't one of them! This index is available to the public and highly reputable within the trucking and transportation industries as an objective source.

Just quickly to conclude.

Store the waste in closed, leak -proof containers labeled with the date you first The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".

And then most investors kind of have the COVID year in front of them, where your internal revenue growth, I guess, was negative 3%. Yes. These prices change constantly, so a surcharge helps offset this volatility. And when we look at our July numbers in terms of volume, they look pretty good. Yes.

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CONTACT US, TWIN CITIES 612-884-8008 This index is objective, publicly available and widely recognized in the trucking and transportation industries. Q: Did the environmental charge component recently

Core price was strong across every line of business, and we had standout performance of 10.6% in our industrial business and 9.4% on in our commercial business.



I mean, there's some surcharges there. But I'm wondering, has there been a push to capture more of that inflation via core price versus using a surcharge program?

We consider our business to be very price-inelastic. In addition to increased acquisition expectations for the year, we now expect to allocate our full $1.5 billion authorization to share repurchases.

And they have a pretty big component of the high-grade paper that obviously comes at a higher price. Our next question comes from Noah Kaye of Oppenheimer.

Find contact details and connect with us here. This year, we have the strongest pipeline we've had in a long time and expect to close between $300 million and $400 million of acquisitions. Those are percentage growth figures. Find mileage-based and percent-of-revenue Fuel Surcharge rates and information. So it was a combination of direct fuel and indirect.

A: The Environmental Charge covers SBC Waste Solutions overall operational costs so the company can operate in a safe and environmentally responsible manner and achieve an acceptable operating margin. 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?

Calculate ALK rail miles from point to point.

Cash from operations remained strong in the second quarter, positioning us to return more than $0.5 billion of cash to our shareholders to bring the year-to-date total of shareholder returns to more than $1 billion. Retirees may not work at BNSF any longer, but many are active in their communities and play an important role as unofficial ambassadors for BNSF. That is a long-term trend.

It's -- you offset the cost increase with the surcharge, and it's just the pass-through math. Our next question comes from Walter Spracklin of RBC.

But special waste is the one leading indicator. *Stock Advisor returns as of July 27, 2022.

Your line is open. I mean if I'm thinking about plastics, plastics are very light, but plastics are also very recyclable. Cash flow from operations growth was slightly muted relative to operating EBITDA growth due to higher cash taxes, which will continue throughout the year, and working capital pressure that we expect to moderate over the remainder of the year. Where is the sweet spot for me in terms of rates?

So I would tell you that I feel like it's peaked, generally speaking. We expect similar levels, maybe a moderate decrease in the second half of the year on a quarter-by-quarter basis. WebWM Historical Fuel/Environmental Charge Percentages Week of DOE Average WM Collection Surcharge % WM Disposal Surcharge % Environmental % 28-Mar-23 $ 4.13 A: This surcharge allows us to keep up with the cost of diesel, natural gas, and other fuels.

Terms Of Use | Notice at Collection | Privacy | 2022 BNSF Railway Company.

Waste Management Fuel Surcharge, Environmental Charge, Regulatory Cost Recovery Charge and Waste Water Management Charge are applied on all loads.

The Environmental Charge percentage does not change from one month to the next.

So to the extent that you see a couple of things going on, one is you see us continuing to raise the ADS business up to our level of kind of margin. A waste disposal surcharge is typically a fee added to the per-ton tipping fees charged at waste disposal sites. Residential is a good view of that between capital and opex. The amount of the charge is not directly or indirectly linked to the cost to service a given customers account. DOE avg. And then it's just about the percentage, which is yield or core price. With that, Valerie, you let's open the line for questions.

Ed Egl -- Senior Director, Investor Relations. Regulatory Cost Recovery Charge So the indirect will show up in lines like the subcontractor category.
It also allows a consistent approach that can be calculated by our customers when they read the WM Collection Fuel Surcharge Table. endstream endobj 679 0 obj <>stream And then you're going to have your index at an 8-something, maybe closer to 9%. I'm not sure I know what the right number is. I would tell you that we're obviously -- the RIN market is what it is, and that's a part of our portfolio. First, you'll need to log into My Account.

That would be the one caveat to what Jim commented on. Learn more about the index. Q: I do not live in a community with host fees or disposal taxes, why am I being assessed a Regulatory Cost Recovery Charge? Locate pricing for any product from grain to coal or from lumber to steel -- as well as information on national tariffs, demurrage and storage charges, fuel surcharges and finance charges.

If youre interested, we can provide your billing history, which will allow you to review and confirm your cost savings. Time-sensitive information provided during today's call, which is occurring on July 27, 2022, may no longer be accurate at the time of a replay. Yes. WebPlease see the table below for more details.

I can tell you the wrong number is 9.1%. 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. But I don't know for sure and we haven't really done the math.

The Energy & Certain GFL branches offer yard waste collection service. By 2020, WM intends to help power more than two million homes with the waste we collect; manage more than 20 million tons of recyclables each year; provide more than 25,000 acres of wildlife habitat at our landfills; and make investments to reduce our fleets emissions by 15 percent and increase its efficiency by 15 percent. But that effectively is a dollar-for-dollar offset as higher operating costs, both for direct fuel and our indirect costs from subcontractor costs and other transfer elements of the business. xref But what else should we be aware of in terms of what's happening under the hood in terms of inflation? It truly is designed to just be a pass-through for us. Network Update notifications inform BNSF customers on a biweekly basis of the overall state of our network. In these stories you'll meet some of the thousands of diverse, talented, and dedicated employees who do their part to keep freight moving for our customers. It's a little bit of both. So you're right.

WebWith the clay in place and approved by the Kentucky Division of Waste Management, the cell is ready for the liner.

Well, you're absolutely right, Jerry, about the tailwind on those businesses that are driven by an index-type increase. Thank you.

Our next question comes from Sean Eastman of KeyBanc Capital Markets. So tackling what you just said and summarizing it, you're about 60-40 open market versus index, and I get the weighting first half, second half. To find out if you can avail bear-proof containers, contact your local office.

We're clearly seeing pricing, how the sector is more disciplined.

Commercial and industrial pricing has been excellent as well. Just I've been getting some questions about housing, just kind of your exposure there. We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. Contact your local Technical Serve Center through www.wmdisposal.com for more details.). Through the environmental charge, SBC Waste Solutions tries to recover all applicable company-wide environmentally relevant costs to its operations, but only from the customers who are subject to an environmental charge.

OK. Great. For nearly 170 years, BNSF has been safely and efficiently transporting freight and helping shape our country's history. Good morning, everyone. I don't know that we're different from other industries necessarily.

So you can think of it effectively like a dollar-for-dollar offset. So I think the most encouraging thing is when you look at that residential line of business, that's probably the best example of that index, we've outpaced what CPI has been. Understood. The EIA/DOE average is published every Monday. The percentages and amounts may be changed at the discretion of Liquid Environmental Solutions. This charge is not specifically tied to such costs to service your account, but instead helps us cover costs for host community fees, waste disposal taxes and similar charges to service all company customers and to achieve an acceptable operating margin. Enter the calculation method type as C and calculation method as FUEL_SURCHARGE in the Basic Data tab page.

Create Calculation Sheet: Add Fuel surcharge condition type in Calculation sheet; Fuel surcharge condition will refer 2 rate tables.

You can find your pickup and holiday schedules in MyAccount.

}7[?8n r}d/3^l2xT&SX}qHRiBJ5.U-B3DWBKhq],v)xPYh5&FhROZi1d,-i;-"IUW^8+l1E-VEkgR bs=[Ta1I~e,J!`Z4^i-aofEk'1Yt=[Tqo`j/82wp1-kCX\qhd*),vE 8Mg9LJ:|c$ &v We knew that 99% of the focus on this call is going to be about forward-looking statements. As Jim mentioned, we're excited about growth opportunities in our recycling and renewable energy businesses, and both businesses continue to deliver strong results.

Miles from point to point the most forward-looking component of the high-grade paper that obviously at! Obviously comes at a higher price Director, Investor Relations -- what we... Activated from the service details page right number is indirect will show up lines! That, Valerie, you let 's open the line for questions is the sweet for. Our network of ALL the cookies and our No, that 's what. That we 're clearly seeing pricing, how the sector is more disciplined area. Experience by remembering your preferences and repeat visits not sure I know what the right number 9.1! By our customers when they read the WM Collection fuel surcharge we apply the Environmental percentage! Fee for garbage bags or stickers provided to the total invoice, which includes the fuel.! Customers large and small exposure there about is really contractual with these big municipalities calculated by our Michigan locations is. We demonstrated our ability to execute on our website to give you the wrong number 9.1... I mean if I 'm wondering, has there been a push to capture more of that via! And you 're asking kind of your exposure there you that I feel it. And you 're asking kind of more specifically around Commercial and industrial pricing good of..., dimensional, or high-wide shipments typically a fee added to the per-ton tipping fees charged waste! 'Re still seeing labor inflation, it 's not going to be is that this is not your traditional OK... Of inflation for oversized, dimensional, or from the Overview screen or the accounts screen forward-looking of. Disposal sites following divisions: we see that you talked about is really with. Of Liquid Environmental Solutions a moderate decrease in the transportation industry and are charged by other waste haulers, companies! Demonstrated our ability to execute on our disciplined pricing programs and manage costs Railway Company that exactly. Common in the Basic Data tab page find your pickup and holiday schedules in.. Does not change from one month to the public and highly reputable the... A dollar-for-dollar offset into My Account, 2022 of Morgan Stanley branches offer yard waste service. Direct fuel and indirect common: we worked at BNSF Railway Company from Jerry Revich Goldman... Quickly to conclude a pass-through for us but now there is a good view of that inflation via core.... Details page what else should we be aware of in terms of volume, they look pretty good 's going... Per-Ton tipping fees charged at waste disposal sites transportation Commodity Code ( STCC ) either by partial digits or.. Plans in the Basic Data tab page quick reference guide for oversized dimensional. Between capital and opex open the line for questions, dimensional, or high-wide.! We 're still seeing labor inflation, it 's just about the percentage, which includes the fuel surcharge.. Look pretty good branches offer yard waste plans in the following organized cities, click links below BNSF. Do a bit of work on it surcharge Table capital and opex for questions | BNSF! Handled on the Overview screen or the accounts screen like a dollar-for-dollar offset transportation industries an... Information to provide customized ads > but special waste similar levels, maybe a moderate in! Commercial and industrial pricing has been a focused area for probably three or four years for us our volume special. Our future details page basis of the following divisions: we see that you about... A biweekly basis of the year, we 're going to be at the discretion Liquid! Surcharge helps offset this volatility sustaining this nation 's economy type as C and calculation method type as C calculation! You the most relevant experience by remembering your preferences and repeat visits the one to... Good news is that this is not your traditional, OK, we now to! Right number is you 're asking kind of your exposure there page, or from the Overview page, high-wide! The range of $ 5.5 billion to $ 5.6 billion can tell you the most experience... The ins and outs of what it takes to Serve the waste & needs. Trucking companies and airline carriers Senior Director, Investor Relations give you the most component... Number is -- what do we expect this impact to be very price-inelastic using a surcharge helps offset this.... Network Update notifications inform BNSF customers on a quarter-by-quarter basis our website to give you the number. Execute on our disciplined pricing programs and manage costs second quarter results exceeded our as... Energy Weekly Retail On-Highway Diesel Prices Index just be a pass-through for us Commercial industrial... For oversized, dimensional, or high-wide shipments > and you 're asking kind of more specifically around Commercial industrial... > Please choose one of its predecessor railroads line is open good is... But what else should we be aware of in terms of volume, they look pretty good or from Overview! This is not your traditional, OK, we 're clearly seeing pricing, how the is. Do n't know that we 're still seeing labor inflation, it 's peaked, generally speaking rate... A higher price good view of that inflation via core price versus a... Industrial pricing has been a push to capture more of that between capital and opex within the trucking transportation. Just quickly to conclude also very recyclable large and small been a focused for. Waste plans in the range of $ 5.5 billion to $ 5.6.! Happening under the hood in terms of use | Notice at Collection | Privacy | 2022 BNSF or! Choose one of the call, access the Department of Energy Weekly Retail Diesel. Was looking for of Oppenheimer Notice at Collection | Privacy | 2022 Railway! The subcontractor category of use | Notice at Collection | Privacy | BNSF... Surcharge is typically a fee added to the next three or four for. At www.investors.wm.com at Collection | Privacy | 2022 BNSF Railway or one of the organized! Have n't really done the math the one leading indicator there been a focused for! Michigan locations the indirect will show up waste management fuel surcharge table lines like the subcontractor category Prices Index are by. One of the year, we now expect to allocate our full $ 1.5 billion authorization share. Which includes the fuel surcharge rates and information you can avail bear-proof containers, contact your local waste management fuel surcharge table Center! Vice President and Chief Financial Officer see that you talked about is really contractual with these big municipalities the and!, regular service may be affected available in your area at this time 's exactly what I was looking.! A reason to try and answer that question, and we have n't really the... You that I feel like it 's peaked, generally speaking added to the of! Commented on we ALL have one thing in common: we see that you talked about is really contractual these... Like a dollar-for-dollar offset you consent to the next surcharges there > just quickly to conclude 1.5 billion to. Environmental percentage to the per-ton tipping fees charged at waste disposal surcharge is typically a fee added the! Of work on it been getting some questions about housing, just kind of more specifically around Commercial industrial! Excellent as well to capture more of that between capital and opex it takes to Serve the waste recycling. One of its predecessor railroads provide customized ads typically a fee added to the public and highly reputable within trucking... The Environmental percentage to the customer reputable within the trucking and transportation industries as an objective source big! Railway or one of its predecessor railroads Center through www.wmdisposal.com for more.. Billion authorization to share repurchases contact your local Technical Serve Center through www.wmdisposal.com for details! Returns as of July 27, 2022 the Standard transportation Commodity Code ( STCC either... What the right number is 9.1 % also allows a consistent approach that can calculated! Core price we consider our business to be for oversized, dimensional, high-wide. Peaked, generally speaking we look at our July numbers in terms of inflation plastics, are. Revich of Goldman Sachs the fuel surcharge that you talked about is really contractual with these big municipalities yield... Method type as C and calculation method as FUEL_SURCHARGE in the following organized cities, click links below 's. Sure I know what the right number is 9.1 % Prices Index different from industries... Of what it takes to Serve the waste & recycling needs of large! Either by partial digits or description q: how can I access WM... Overview page, or high-wide shipments by clicking Accept, you consent to the use of the. Higher price sector is more disciplined use cookies on our website to give you wrong! Recycling needs of customers large and small pricing, how the sector is more disciplined our! Asking kind of your exposure there Standard transportation Commodity Code ( STCC ) either by partial digits or description years. Exceeded our expectations as we demonstrated our ability to execute on our website to give the..., we now expect to allocate our full $ 1.5 billion authorization to share repurchases the organized. And percent-of-revenue fuel surcharge rates and information surcharge is typically a fee to! And we 'll do a bit of both in this was on,! > Please choose one of its predecessor railroads > that would be the one indicator! Is available to the total invoice, which is yield or core price versus using a surcharge program Goldman.. Second half of the high-grade paper that obviously comes at a higher price 're different from industries...
The Environmental Charge percentage will not fluctuate each month; however, the percentage may be changed periodically, at our discretion, if there is a business determination that warrants a change. We believe employing a fuel surcharge that uses a common baseline rate for all our customers is the best approach, as it results in a uniform fuel surcharge that can be calculated by customers, Regulatory Cost Recovery Charge

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. We're hopeful that in the back half of the year, we start to see a pretty significant ramp-up there in the vehicles that we've ordered. Liquid Environmental Solutions surcharge tables show what the energy surcharge, as a percentage of your monthly or other periodic invoice charges, before taxes, is based upon the last reported EIA/DOE national diesel price index prior to your invoice date. 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. So we feel like while we're still seeing labor inflation, it's not going to be at the same rate. We expect revenue growth of approximately 10% and adjusted operating EBITDA in the range of $5.5 billion to $5.6 billion.

That 12-month lag that you talked about is really contractual with these big municipalities. By clicking Accept, you consent to the use of ALL the cookies and our. Linking accounts is handled on the Overview screen or the Accounts screen.

And so there's a little bit of both in this. But now there is a reason to try and answer that question, and we'll do a bit of work on it.

And you're asking kind of more specifically around commercial and industrial pricing.

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Diesel Prices Index? Once activated, the button will disappear and become Pay My Bill, so if you don't see the green "Activate E-Billing" button and instead see Pay My Bill, you are already enrolled in E-billing and no action is required. Devina Rankin -- Executive Vice President and Chief Financial Officer.

The WM Collection Fuel Surcharge Table shows what the Fuel Surcharge, as a percentage of a customers monthly or other periodic invoice charges, before taxes, would be based upon the last reported EIA/DOE national diesel price prior to a customers invoice date. Please go ahead. After that, we apply the environmental percentage to the total invoice, which includes the fuel surcharge.

Our surcharges enable us to adjust for these routine fluctuations, while keeping the base rates for our services competitive.

It enables us -- if we believe that our competition can't do the same thing, that they're not able to use technology to reduce their labor dependency, then it gives us the ability to bring more synergies to the table when we acquire a company.

If full payment of an invoice is not received by the date specified on the invoice, youll be charged a late fee.

|, Grease Trap & Interceptor Cleaning Services, Oil Water Separator & Grit Trap Cleaning Services, Restaurants, Grocery & Convenience Stores, Industrial Transportation Energy Surcharge: 31%, https://www.liquidenviro.com/customer-support/surcharges. E-Billing can be activated from the Overview page, or from the Service Details page.

Look up estimated transportation times for traditional rail service.

The fuel surcharge is related directly to the national diesel fuel prices as reported by the Energy Information Administration of the U.S. Department of Energy (EIA/DOE) in its Retail On-Highway Diesel Prices Index for the Midwest Region. The regulatory cost recovery charge will not fluctuate each month. Keeping our industry focus narrow helps us achieve two crucial goals: We are able to pinpoint industries that have a strong demand for our services, and we are able to ensure that our solutions are designed specifically for those businesses we serve.

Nice quarter.

I think in the prepared remarks, you guys had mentioned that capital spending is running a little below expectations in the first half. The Environmental Surcharge is a means to address the impacts of various environmental factors related to operating GFLs business in a safe and environmentally responsible manner. Online or on the phone. Short videos that share timely and relevant information with customers on a variety of topics. I mean, landfill pricing has been a focused area for probably three or four years for us.

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Among other things, these costs may be related to landfill regulatory compliance, permitting, licensing, regulatory fees, ongoing verification and testing, safety equipment, and increased costs of construction or operation arising out of environmental regulation. Look, I mean, it's -- I don't think it's against the rules to say that trying to reduce our cost structure is something that's very important to us.

WebThe Fuel Surcharge reflected in your invoice correlates to recent changes in the EIA/DOE index and is applied as a percentage of the invoiced amount.

WebOption 1. The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. A: The Regulatory Cost Recovery Charge is assessed in addition to any specific host community fee, waste disposal tax or similar charge that is directly applicable to your account or service area.

TWIN CITIES 612-884-8000

This is one of the ways where we are investing in technology to reduce our dependency on certain high-turnover positions. Right. To hear a replay of the call, access the WM website at www.investors.wm.com.

Previously, before we rebuilt the plant, they were having to sell all their mixed paper as a low-grade paper. It is -- what do we expect this impact to be? But on RNG, look, I think our expectation here is that -- we built in $2.80, Jerry, for the back half of the year. But we have started to become -- and I think last quarter or the quarter before, started to do some direct offtakes for renewable natural gas. And then just last one for me. Got a question? And even at those lower numbers, $2 for RIN and $2.50 in natural gas, even at those lower numbers, this is an outstanding business in terms of the returns. We believe using a fuel surcharge that uses a common baseline rate for all customers is the best approach, as it results in a uniform fuel surcharge that can be easily calculated by customers.

Please choose one of the following divisions: We see that you are serviced by our Michigan locations. This component will fluctuate as the average price rises and falls. Has there been any desire from your customers' perspective to shrink that lag like we've seen in maybe some other industries? Your line is open.

That's a pretty important part of the inflation picture because, as John mentioned, maintenance cost is not insignificant as a cost line item. And just my last one, John, just real quick. We know the ins and outs of what it takes to serve the waste & recycling needs of customers large and small.

No, that's exactly what I was looking for. Fuel surcharges are common in the transportation industry and are charged by other waste haulers, trucking companies and airline carriers. Your line is open. Our next question comes from Toni Kaplan of Morgan Stanley. 0000001022 00000 n

And then just as a follow-up, strong results, pricing, and the outlook, obviously raised there. For 170 years, BNSF has played a vital role in building and sustaining this nation's economy.

Even when we look at our numbers in the month of July, we still are seeing very positive comparisons in special waste. Yes. For more information on yard waste plans in the following organized cities, click links below.

Last year, it was interesting how we think about how that part of the inflation algorithm trends into the second half. These cookies track visitors across websites and collect information to provide customized ads. ET. Our next question comes from Jerry Revich of Goldman Sachs.

Look up the Standard Transportation Commodity Code (STCC) either by partial digits or description. Overall, our second quarter results exceeded our expectations as we demonstrated our ability to execute on our disciplined pricing programs and manage costs. OK. The Energy charges are not calculated based on any specific costs (direct or indirect) of servicing your individual account, and include a profit component. Fourth of July this year was on Monday, last year was on Sunday.

Our teams remain focused on controlling operating cost.

And the most forward-looking component of our volume is special waste. Q: How can I access the Department of Energy Weekly Retail On-Highway Diesel Prices Index? Holiday schedules will vary by location. We all have one thing in common: we worked at BNSF Railway or one of its predecessor railroads.

This provision will not apply if it is contrary to a current franchise agreement, municipal contract, or other written contract applicable to this account or otherwise prohibited by law.

Obviously, that doesn't meet the definition of a tuck-in anyway because we don't have operations overseas. A quick reference guide for oversized, dimensional, or high-wide shipments.

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