With the acquisition, development or expansion of a waste management or disposal facility or

transfer station requires considerable time, effort, and investment to obtain or maintain required

permits and approvals. There are no assurances that companies will be able to obtain or maintain

required governmental approvals. Once obtained, operating permits are subject to renewal,

modification, suspension or revocation by the issuing agency. Compliance with current

regulations and future requirements could require companies to make significant capital and

operating expenditures. However, most of these expenditures are made in the normal course of

business.

Competition

WCC$\text{'}$s competition includes the following:

Republic Services, Inc. $-$ is one of the largest hazardous solid waste companies in the United

States, providing collection, processing, recycling, and disposal services. The company owns

$189$ solid waste landfills, $212$ transfer stations, and $79$ recycling facilities. Customers include

residential, municipal, industrial, and commercial accounts. Has about $36,000$ employees.

Waste Connections, Inc. $-$ provides solid waste management services including collection,

transfer, disposal, and recycling. Its customers include commercial, industrial, and residential

customers. It operates in $41$ states and Canada. It owns or operates about $300$ collection

facilities, $87$ active landfills, and $124$ transfer stations. Has about $16,000$ employees.

Waste Management $-$ is North America's largest provider of comprehensive waste

management environmental services. It serves residential, commercial, industrial, and

municipal customers. Owns or operates about $250$ landfills, $100$ material recovery facilities,

and about $300$ transfer stations. It has approximately $45,000$ employees.