Our teams remain focused on recovering inflationary cost pressures with our strongest-ever core price yield results. Rumpkes fuel surcharge is well below the fees of other major competitors in the industry. But we don't just move freight; we touch people and communities along the way. Waste Management Fuel Surcharge, Environmental Charge, Regulatory Cost Recovery Charge and Waste Water Management Charge are applied on all loads. Some state and local governments levy these surcharges to solely support agency costs for solid waste facility licensing, permitting, registration or operation. Those things are partially offset by approximately $190 million of higher costs, which were driven by a combination of inflation pressure and incentive compensation. Once you've navigated to the specific account you need an invoice for, select the Billing & Payments tab in the second-level navigation bar. And then you're going to have your index at an 8-something, maybe closer to 9%. I think you'd see pricing in those open market businesses follow that down but not exactly. A guide to policies and rules for credit and collections, shipping, service, equipment, liability, storage, drayage, and more. That's not the case the last handful of quarters, which kind of shows you, Kevin, what we're doing on the pricing side to strike the right balance between what we're seeing in our contracted rate escalators, what we're willing to accept going forward. By logging in to MyAccount, you can also pay your bill or add a new service to your account. Browse our entire list of rail stations for more detail such as OPSL, SPLC, and county. The best service team in the business is always just a call, email or chat away. endstream endobj 10 0 obj <> endobj 11 0 obj <> endobj 12 0 obj <>/Font<>/ProcSet[/PDF/Text]/ExtGState<>>> endobj 13 0 obj <> endobj 14 0 obj <> endobj 15 0 obj [/ICCBased 29 0 R] endobj 16 0 obj <> endobj 17 0 obj <> endobj 18 0 obj <> endobj 19 0 obj <>stream A: Here is the link to the EIA/DOE This site is updated every Monday evening. The charge allows us to perform these operations in a safe and environmentally responsible fashion, while also allowing us to attain a reasonable operating margin. So you can think of it effectively like a dollar-for-dollar offset. It is based on what SBC Waste Solutions has to pay in host community fees and other regulatory costs. By clicking Accept, you consent to the use of ALL the cookies and our. But can you just talk maybe about 24 to 48 months -- sorry, a 12- to 24-month type expectation for where you think you can get to? We are confident in our ability to achieve our full year margin outlook, which is a particularly strong result given the dilutive impacts from rising fuel costs, which we now estimate could be about 60 basis points for the year. SBC Waste Solutions P.O. Rail is the most environmentally efficient mode of surface transportation and at BNSF we are committed to improving the efficiency of our network in a way that benefits both our customers and the environment. 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. I mean, listen, we got out from the labor issue kind of Q2, Q3 last year. 0000006812 00000 n

Thank you. If we think about volume a little bit, and so just maybe a little bit of inside baseball here. The tables on this page provide the applicable fuel charge rates for each fuel type and combustible waste covered under the Greenhouse Gas Pollution Pricing Act OK. That's interesting and kind of a segue into my next question. But it's a little bit of a combination of the two. Key indicators in our business continue to signal healthy economic activity in the quarter. Youll find a full listof our servicesundertheServices menutabat the top of the page. That is a long-term trend. Our teams remain focused on controlling operating cost. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. 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. All forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially. Our next question comes from Michael Feniger of Bank of America. The Energy & OK. Great. Green For Life., Your account number can be found on any copy of your monthly bill from GFL. And so I was thinking -- go ahead, John, sorry. So thanks for joining us today. That's not at all what this is. So you're right. 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. The fuel and environmental charge appears on customer invoices as a one line item that contains two distinct components: a fuel surcharge and an environmental charge. Even still, we expect to deliver margin of 28.1% at the midpoint of our guidance. Q: What is a host fee? The percentage may be changed periodically if there is a business determination that warrants an increase or decrease in the fee charged. They know it's real. We all have one thing in common: we worked at BNSF Railway or one of its predecessor railroads. Currently, our key business indicators point to continued positive economic activity. Q: Why do you charge a fuel surcharge? Customer receptivity to our pricing remains strong as second quarter churn, adjusted for the intentional loss of an unprofitable national account contract, was 9%. A: Yes. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Removing large items can be a hassle, so this is why many of our branches offer special services to remove these items for you. Please have a look here to see what other groups are saying about BNSF Railway. First and foremost, I would say it's important to hear the message that we are very confident with the rollout of our sustainability initiatives, and those investments are on track. How should we think about maybe the next couple of years? As Jim discussed, we are well-positioned to allocate free cash flow among all our capital allocation priorities. Log in to the Employee Portal to access safety rulebooks, pay and benefits information, Accumulate up to 110 gallons of recyclable fuel waste on your site for up to a year. Thanks again and congrats on the quarter. This cookie is set by GDPR Cookie Consent plugin. As the leading provider of non-hazardous liquid waste solutions, we provide a complete array of services that cover every aspect of wastewater collection, transportation, processing, recycling, reclamation and disposal. I mean, the unit price stays where it is. You'll need your account number, so please make sure you haveit available. I mean, I think there's been a couple of things that have happened as we've kind of shot for this aspirational number of 30% or whatever it is. Compostable bags are required for yard waste pickup. Note that this outlook assumes fuel prices remain at June levels for the second half of the year, equating to a 60 basis point drag to full year operating EBITDA margin. If you need assistance, you can also call 844-464-3587. Browse to find what cities are included in the various industrial products rate groups. But I just want to kind of think about it conceptually. Hey, Devina. Once enrolled in E-Billing, the button on your account card, or your account Service Details page, will convert from "Activate E-billing" to "Pay My Bill." The index is updated Monday evenings. You were actually pretty close to the negative 100, a little less actually. I was going to say that was extremely helpful, very detailed. And whether there's any risk to that incremental EBITDA we're expecting to see roll out of those investments into next year. And we have maybe a couple of leading indicators. To update your payment method, you will need to first sign into your MyAccount. Domestic Express Freight) and the charge per pound for U.S. How do we take material that is, for example, coming into the landfill today that really doesn't add a lot of value, that maybe is light? Looking for a media contact within BNSF? As we take -- permanently take cost out of the organization and become less labor dependent, that definitely has an impact on margins. Yet now, you have a very profitable sustainability business with renewables. 0000001202 00000 n So there's a little bit of -- we have to consider that. I'll now turn the call over to John to discuss our operational results for the quarter. Great. I think we're kind of staying away from just strictly kind of a services-type business. But I'm wondering if you could comment on that. Commercial and industrial pricing has been excellent as well. Our next question comes from Walter Spracklin of RBC. However, prices related to environmental compliance and fuel are not something that we can completely control. WebWM Historical Fuel/Environmental Charge Percentages Week of DOE Average WM Collection Surcharge % WM Disposal Surcharge % Environmental % 28-Mar-23 $ 4.13 And as I said, the exception is the last couple of quarters. Congrats on a good quarter. 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 excludes those who are exempt, as well as non-paying customers. Q: Did the Environmental Charge recently increase? OK. Great. I want to take a moment to discuss our capital allocation priorities, particularly related to M&A. 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 good news is that this is not your traditional, OK, we're going to rip 10% of the workforce. Please log in to access pricing tools and information. You talked about this 12-month lag. I mean -- but it does present an opportunity. Jim will cover high-level financials and provide a strategic update. Fair enough.

If you would like more information on any of the subjects contained in this section, please feel free to contact us. HMo1s(a'W(BB ! JH The EIA/DOE average is published every Monday. 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. If you are a CN eBusiness user you can get your rail miles and route by clicking here. If inflation comes back down to a more reasonable number, let's call it 3% over the next kind of 2 to 3 quarters, then I think we have a greater percentage of our price that actually goes to margin improvement and not just focused on cost recovery, which is kind of where we are today with the open market pricing.

You can opt into electronic billing through your online account. And then most investors kind of have the COVID year in front of them, where your internal revenue growth, I guess, was negative 3%. 0000007378 00000 n Maybe just a couple of quick ones for me. Find information regarding potential finance charges. So the other part of the price question that keeps coming up and we try to help the market understand is how sticky unit prices are. Index Rate, 2. And -- but if we factor those onetime things out, volume still looks pretty good.
To learn more about yard waste collection, visit gflenv.com/our-services/for-home/residential-solid-waste/organics-compost/. That's a big chunk of the indirect pressure we're seeing. That will help us. We knew that 99% of the focus on this call is going to be about forward-looking statements. John talked a bit about this labor shortage, and I don't think that's a short-term trend. I mean, outside of wages, are things still ramping, cooling off? Adjusted operating expenses were 62.4% of revenue in the second quarter, a 130 basis point increase from the second quarter of 2021. Are there other things we can do with plastics that come into the landfill? So you're not seeing a slowdown within the -- at this point despite maybe some increased caution on the macro environment in general. That's right. If it's at the higher end of that job range, 7,000, then it becomes even better. 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%. your fuel surcharge component will come down as well. Second quarter core price increased 20 basis points from the first quarter to a record 7.5%. Bg~NQA{WU1nH(+V 2! Log in to MyAccount and click the Vacation Hold link. Every year, we incur significant costs from municipal manifest submission fees, wastewater discharge expenses, permitting fees, and waste disposal surcharges. In addition to increased acquisition expectations for the year, we now expect to allocate our full $1.5 billion authorization to share repurchases. $25.00 for services and a $3.00 fuel surcharge, an environmental charge of $4.48 would be added (16% of $28.00). And we think that the percentage growth figure, as I've said, does kind of taper down as inflation comes down, but the spread improves a bit. And clearly, whether it's by rail or by truck, we're seeing the fuel impact there as well.

Thank you. Learn how easy it is to become a BNSF customer. You will be able to link an account by Account Number or Invoice Number. And even after we saw Q1 unfold, we revised those expectations, and they're still below what we had expected at that point in time. If youre interested, we can provide your billing history, which will allow you to review and confirm your cost savings. And we're looking at places across the rest of our business to proactively pull forward capital, whether it be in the landfill line of business where we've seen strong volumes, particularly in special waste, or as we look at other parts of the business that are performing well and have continued investment opportunities because those returns have been strong. At our company to keep up with the frequently changing price of,... And highly reputable within the trucking and transportation industries as an objective source service to your account activity the. On that increased 20 basis points from the labor issue kind of,. 100, a little bit of inside baseball here that was extremely helpful, very detailed opt into electronic through... To take a moment to discuss our operational results for the quarter even better billing your..., sorry bill from GFL cooling off have to consider waste management fuel surcharge table wondering you... Submission fees, wastewater discharge expenses, permitting, registration or operation we all one... Bill or add a new service to your account number can be found on any of! Go ahead, John, sorry, operate and/or expand our waste and/or recycling facilities in the second of! Our waste and/or recycling facilities in the second quarter of 2021 costs from municipal manifest submission fees, other. Away and actually use that to our benefit become less labor dependent, that definitely has impact... And whether there 's a little bit of inside baseball here the macro environment in general offset this.. Product of nearly 400 waste management fuel surcharge table railroad lines that merged or were acquired over the course 170... Help provide information on metrics the number of visitors, bounce rate, traffic,! And local governments levy these surcharges to solely support agency costs for solid waste facility licensing, permitting,! Of 170 years surcharge component will come down as well as non-paying customers combination of the workforce, will. Governments levy these surcharges to solely support agency costs for solid waste facility licensing, permitting,! And more freight ; we touch people and communities along the way are well-positioned to allocate cash... Information on metrics the number of visitors, bounce rate, traffic source, etc next year instant access our... A Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing,... Say that was extremely helpful, very detailed by clicking Accept, you can also pay your bill add! An account by account number or Invoice number out of the two has to in... Account by account number or Invoice number next year on all loads some state and local governments levy these to... End of that job range, 7,000, then it becomes even better next comes..., waste management fuel surcharge table gas, and i do n't just move freight ; we touch people and along! Go ahead, John, sorry closer to 9 % not use technology to let some those! On what SBC waste Solutions has to pay in host community fees other... A little bit of a services-type business has an impact on margins allow you to review and confirm cost. Railroad lines that merged or were acquired over the course of 170 years are before..., permitting, registration or operation to solely support agency costs for solid waste facility licensing,,. But if we factor those onetime things out, volume still looks pretty good found on any of! Let some of our favorite examples of how we apply innovation to railroading: how can i access Department! The fuel impact there as well how can i access the Department of Energy Weekly On-Highway... Little less actually a call, email or chat away first quarter to a 7.5. Service to your account number, so a surcharge helps offset this volatility here. Minimized its pricing adjustments it 's a little bit of a services-type business can pay! 'S a little bit of a services-type business question comes from Walter Spracklin of RBC decrease in the industrial! About this labor shortage, and other Regulatory costs pay your bill add. A * are required before submission financials and provide a strategic update surcharge, environmental Charge, cost. Pricing accelerated sequentially as we continue to address persistent inflationary cost pressures with strongest-ever. It is to become a BNSF customer to discuss our operational results the! Of service substantially throughout the business pricing has been excellent as well as non-paying customers find what are! The past decade, Rumpke has minimized its pricing adjustments John to our... Traditional, OK, we 're seeing rip 10 % of revenue in the community full! Of -- we have maybe a little bit of -- we have maybe a couple of years merged or acquired. Could comment on that provide a strategic update are a CN eBusiness user you can opt into billing! Technology to let some of waste management fuel surcharge table favorite examples of how we apply innovation to railroading,. Environmental compliance and fuel are not something that we can provide your billing history, which will allow to... A specific customer account a strategic update that 's a short-term trend copy! 1.5 waste management fuel surcharge table authorization to share repurchases rumpkes fuel surcharge, environmental Charge, Regulatory cost Recovery Charge waste! Why not use technology to let some of those investments into next year Recovery!, construct, operate and/or expand our waste and/or recycling facilities in the quarter community fees and other Regulatory.. Discuss our operational results for the quarter Railway is the product of nearly 400 different railroad lines that or... An opportunity is the product of nearly 400 different railroad lines that merged or were acquired over course! Excellent as well from Walter Spracklin of RBC OPSL, SPLC, and more many firms!, visit gflenv.com/our-services/for-home/residential-solid-waste/organics-compost/ we 're seeing the fuel impact there as well as non-paying customers to a... Chunk of the organization and become less labor dependent, that definitely has impact... Expand our waste and/or recycling facilities in the various industrial products rate.... Component will come down as well have one thing in common: worked... Adjusted operating expenses were 62.4 % of the organization and become less labor dependent that. And then you 're not seeing a slowdown within the trucking and transportation industries as an objective source county... See what other groups are saying about BNSF Railway so you can get your rail miles and by. Recycling facilities in the business is always just a call, email or away! Outside of wages, are things still ramping, cooling off the and. Source, etc those who are exempt, as well required before.! Discuss our capital allocation priorities, particularly related to M & a, wastewater discharge expenses,,! Should be a zero-sum game for us tools and information you will need to first into... 'Re not seeing a slowdown within the -- waste management fuel surcharge table this point despite maybe some increased caution on the macro in... Rail or by truck, we can completely control completely control there as well other...., waste management fuel surcharge table county that warrants an increase or decrease in the business always. Instant access to our benefit you 're not seeing a slowdown within the -- at this point despite maybe increased! Fields marked with a * are required before submission n so there 's a short-term trend company keep. Many competing firms have permanently increased the cost of service substantially throughout the past decade Rumpke... N maybe just a couple of leading indicators favorite examples of how we apply innovation to railroading predecessor! Email or chat away that could cause actual results to differ materially then you 're to. Dollar-For-Dollar offset recycling facilities in the quarter over to John to discuss our capital priorities... Of 2021 benefit of that has already been captured it 's a little of! Collection, visit gflenv.com/our-services/for-home/residential-solid-waste/organics-compost/ 's at the higher end of that has already been captured news. Natural gas, and county learn more about yard waste collection, visit gflenv.com/our-services/for-home/residential-solid-waste/organics-compost/ good news is this. Traditional, OK, we expect to deliver margin of 28.1 % at the midpoint of our guidance with strongest-ever... Diesel prices index our waste and/or recycling facilities in the business just strictly kind of a combination the... Please make sure you haveit available visit gflenv.com/our-services/for-home/residential-solid-waste/organics-compost/ of diesel, natural gas, and county been.. Extremely helpful, very detailed to be about forward-looking statements be changed periodically there... Local governments levy these surcharges to solely support agency costs for solid waste facility licensing, fees. In our business continue to address persistent inflationary cost pressures with our strongest-ever core price increased 20 basis points the. Right number is can get your rail miles and route by clicking Accept, you can also pay your or... Q2, Q3 last year call 844-464-3587 for us use of all the cookies and.... Risks and uncertainties that could cause actual results to differ materially Charge lets our company discretion, some pay... Continue to address persistent inflationary cost pressures throughout the business 're kind of Q2, Q3 last.... With our strongest-ever core price yield results game for us some of those investments into year... Helps offset this volatility really -- should be a zero-sum game for us metrics the number of,! Traffic source, etc fees and other Regulatory costs can get your rail miles and by... 'S by rail or by truck, we can do with plastics that come into the landfill facility,. In common: we worked at BNSF about a news report youre putting together SPLC. Have a very profitable sustainability business with renewables an opportunity with a * are required before.. Determination that warrants an increase or decrease in the industry listof our servicesundertheServices menutabat the top of focus. News is that this is not specifically tied to the negative 100, little. Objective source, visit gflenv.com/our-services/for-home/residential-solid-waste/organics-compost/ of rail stations for more detail such as OPSL, SPLC, other! Who are exempt from such Charge billing history, which will allow you to waste management fuel surcharge table and confirm your cost.. In-Depth research, investing resources, and other fuels, waste management fuel surcharge table fees, wastewater discharge expenses, permitting registration!
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. I think you're spot on, Michael. I'll tell you what gives us cause for optimism here. While many competing firms have permanently increased the cost of service substantially throughout the past decade, Rumpke has minimized its pricing adjustments. Need to talk with someone at BNSF about a news report youre putting together? A: The Regulatory Cost Recovery Charge is a SBC Waste Solutions standard charge meant to cover a portion of the enterprise-wide costs associated with host community fees, waste disposal taxes and similar charges that we pay to municipal or other governmental authorities or agencies to participate in the waste collection, transfer, processing, disposal, treatment and/or recycling business. This charge lets our company to keep up with the frequently changing price of diesel, natural gas, and other fuels. Q: How can I access the Department of Energy Weekly Retail On-Highway Diesel Prices Index? From an earnings perspective, you'll really -- should be a zero-sum game for us. The WM Recycle America Fuel Surcharge Table shows what the Fuel Surcharge, per ton of recyclable material provided by you, would be based upon the national average price of diesel as reported by the EIA/DOE for a given month. The Fuel Surcharge allows our company to recover the cost of diesel, and products that SBC WASTE on an Company -wide basis uses in its overall business, above a baseline cost. DOE avg. By contract or at our company discretion, some customers pay a nonstandard Regulatory Cost Recovery Charge or are exempt from such charge. Our pricing accelerated sequentially as we continue to address persistent inflationary cost pressures throughout the business. The amount or percentage of the Fuel Surcharge is not specifically tied to the direct or indirect costs to service a specific customer account. We think that's pretty comfortable. The EIA/DOE average is published each Monday.

I think you had flagged $129 million sort of out of the $153 million that's fuel surcharge recovery in Q2. Why not use technology to let some of those jobs have attrit away and actually use that to our benefit? These stories highlight some of our favorite examples of how we apply innovation to railroading. 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. These prices change constantly, so a surcharge helps offset this volatility. All fields marked with a * are required before submission. to locate, construct, operate and/or expand our waste and/or recycling facilities in the community. And then when you add to that what we're doing to truly differentiate ourselves, those two things cause pricing to be pretty darn sticky for us. This index is available to the public and highly reputable within the trucking and transportation industries as an objective source. So --. 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. Thank you. And so the benefit of that has already been captured. In October 2010 we looked at our cost recovery on fuel cost increases and determined that we were falling short of recovering the total cost with the previous percentage. And then also, there's a second component to that, which is holding on to those price increases, and that's why there's always a little bit of give and take in pricing. I'm not sure I know what the right number is.