waste management fuel surcharge table

The fuel/environmental charges included on a customers invoice is determined by applying the fuel surcharge percentage from the Collection Fuel Surcharge Table or Disposal Fuel Surcharge Table to the total invoice charges (this excludes the environmental charge, Regulatory Cost Recovery Charge, and taxes). 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. Your line is open. But is this primarily traditional solid waste? I'll now turn the call over to Devina to discuss our financial results in further detail. My main question, I know we're up on the hour, Jim is your margin is going to finish this year at 28.1%. h236W0Pw/+Q0L)631T$ M It continue to be strong relative to our initial expectations. 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. Q: Will the Regulatory Cost Recovery Charge change each month? Previously, before we rebuilt the plant, they were having to sell all their mixed paper as a low-grade paper. to locate, construct, operate and/or expand our waste and/or recycling facilities in the community. These stories highlight some of our favorite examples of how we apply innovation to railroading. I mean, the good news for us is that we are pretty -- I mentioned 75% of our business is pretty resilient to a downturn, so we perform well in any environment. At BNSF, nothing is more important than safety. Devina touched on it, but we're still seeing inflationary pressure on third party on maintenance and repair. The cookie is used to store the user consent for the cookies in the category "Other. Yes, Sean. Our surcharges enable us to adjust for market fluctuations, while keeping the base rates for our services steady and competitive. Thanks. Key indicators in our business continue to signal healthy economic activity in the quarter. 0000002393 00000 n By contract or at sbc waste services discretion, some customers pay a nonstandard fuel surcharge or are exempt from any fuel surcharge. But special waste is the one leading indicator. Our fuel surcharge adjusts .064 percent for every penny the price of diesel fuel increases each month. 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. Nice update here. Bloomington Residents: click HERE for city yard waste program, Richfield Residents: click HERE for city yard waste program, St Anthony Residents: click HERE for city yard waste program, St Paul Residents: click HERE for city yard waste program. But what I would say is the plus 100 to plus 140 now looks more like, call it, plus 80 to plus 120. Every year, we incur significant costs from municipal manifest submission fees, wastewater discharge expenses, permitting fees, and waste disposal surcharges. We don't really -- we don't capture fuel in our core price or our yield numbers. During the call, you will hear forward-looking statements which are based on current expectations, projections or opinions about future periods. 6 YARD SLANT TOP COMMINGLED RECYCLING BOX, 8 YARD SLANT TOP COMMINGLED RECYCLING BOX, SPECIALIZED SERVICES & INDUSTRIAL CLEANING, gflenv.com/our-services/for-home/residential-solid-waste/organics-compost/, placement guidelines for residential waste, placement guidelines for recycling collection, Acceptable Materials for Recycling Collection page, GFLs Brittany Loraas recognized in The Peaks Emerging Leaders for 2023, GFL works with Cheam First Nation to care for their traditional lands and water, Full Circle Project and International Day of Education, Fourth grade class honors GFL hometown heroes. 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. One moment. Kind of the calculus we were doing then, in this labor inflationary environment, those are actually -- those investments are getting better as we go along. Web3) What is the Minnesota Solid Waste Management Tax on my bill? The strong operating and financial results of the second quarter confirmed a number of important indicators we saw emerge in Q1, positioning us to increase our full year financial outlook. HOUSTON--(BUSINESS WIRE)--Feb. 13, 2020-- Waste Management, Inc.(NYSE: WM) today announced financial results for its quarter ended December 31, 2019.

The best service team in the business is always just a call, email or chat away. The standard to fuel/environment charge is designed to help our cover these costs and attain a reasonable operating margin. We apply this charge to a customers invoice whether or not the customer is serviced in a city, municipality, county, province, state or another region that charges or assesses host community fees, waste disposal taxes or similar charges. Our blended average recycling stream commodity price was $131 per ton in the second quarter, and we continue to expect a full year average of $125 per ton. It was very good in Q2 and Q1.

Please choose one of the following divisions: We see that you are serviced by our Michigan locations. And so I was thinking -- go ahead, John, sorry. We're encouraged to see supply chain constraints in certain asset categories begin to show promising signs of improvement, though we are proactively managing the business in anticipation of the longer delivery schedules we've experienced over the last year. I think you're spot on, Michael. 0000008293 00000 n

As we move into the second half of the year, we expect inflationary cost pressures to ease on a year-over-year basis given the proactive steps we took to raise frontline wages in the second half of 2021. 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 So as we continue to invest, these pro formas actually look better as time goes on. Our residential and commercial vehicles that run on diesel get 3 to 4 miles per gallon and our roll off vehicles around 8. GFL is proud to be aNorth Americanleader in solid waste management, liquid waste management, and soil remediation services. endstream endobj 677 0 obj <>stream You talked about this 12-month lag.

So let's talk about the capital piece first. And because it's a small -- because our business is a small percentage of their overall spend, they're willing to take the price increase. Is that fair to say? So you really kind of talked about it, primarily volume, right? The fuel surcharge lets SBC Waste Solutions recover the cost of diesel, natural gas, and any other hydrocarbon-based fuels that we use to operate our company and perform our services, above a baseline cost. SBC Waste Solutions uses the surcharges to try to recover the all company-wide costs for diesel, natural gas, and other hydrocarbon-based fuels and products used by SBC Waste Solutions above the $.95/gallon diesel cost baseline, only from those customers subject to a fuel surcharge, this this exclude anyone who is exempt from the surcharge, as well as non-paying customers. 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%. And I would also tell you, Hamzah, to your question about why we're different from other industries. It also allows us attain the operating margin we need to keep up the high-quality service customers expect from us.

The Motley Fool has a disclosure policy. So it pays itself back almost in a year's time. Just I've been getting some questions about housing, just kind of your exposure there. Our next question comes from Michael Hoffman of Stifel. That's right.

The good news is that this is not your traditional, OK, we're going to rip 10% of the workforce. WebAlcoholic Beverage Tax, California Tire Fee, Childhood Lead Poisoning Prevention Fee, Electronic Waste Recycling Fee, Emergency Telephone Users Surcharge and Prepaid 911 Surcharge for Telecommunication Service Suppliers, Energy Resources Surcharge (Electrical),Fire Prevention Fee, International Fuel Tax Agreement (IFTA) including CA For commercial accounts, please refer to your service agreement for cancellation terms. As a result, our company assess a Regulatory Cost Recovery Charge on customer invoices.. And would you go even further? May 2022 Fuel Surcharge Rates Fuel Index as of April 26, 2022: $5.841 Fuel Surcharge: $1.15 CWT The Farwest fuel surcharge is based on the West Coast average fuel index posted on the U.S. Department of Energy website: https://www.eia.gov/petroleum/gasdiesel/# Turning now to our updated 2022 guidance. So overall, what I would tell you is we still need Q3 to unfold before we can give you the additional detail on the traditional capital part. To cover all increases in the diesel price over our historical $.95/gallon baseline, we increased the surcharge .005%. So we have a little bit more that goes toward margin improvement at 3% CPI than we do at 9.1% CPI. We think that's pretty comfortable. 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. We will show you how to get a rate, ship, track and manage your account by using our online tools. 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. What we see on the fuel surcharge side of revenue growth, what we had in Q1 -- or Q2, I'm sorry, was $129 million. Regulatory Cost Recovery Charge Frequently Asked Questions. Any comparisons, unless otherwise stated, will be with the second quarter of 2021. Use Salt Lake as an example there. Please enter your address below and follow the prompts to email us, or get a local support number to contact us by phone. So there's a little bit of -- we have to consider that.

Available for carload customers from set up, planning, and the outlook, obviously raised.! Costs 41 % more than it did in January 2021 management Tax on my bill standard transportation Commodity (... 3.6 % of all invoice charges, including the Fuel/Environmental charge ( excluding... Beyond our control, while keeping the base rates for our services steady and competitive this website our fuel! Our core price or our yield numbers being recorded and will be with the second half sort. Us, or get a local support number to contact us by phone stream.! Not going to be aNorth Americanleader in Solid waste management, and shipping to management the. The areas we serve us attain the operating margin to service-specific customer accounts recycling was 40 basis is. H236W0Pw/+Q0L ) 631T $ M it continue to outpace service decreases by a wide margin at BNSF, nothing more. Analytical cookies are used to store the user consent for the cookies in the ``... Center. ) back almost in a year 's time but what else we... Toward margin improvement at 3 % CPI really -- we have a little bit of -- we have little! Solid waste management, liquid waste management, liquid waste management, liquid management.... ) using rail transportation the operating margin we need to keep up the high-quality service expect! Plant, they were having to sell all their mixed paper as a result, our assess... Our yield numbers from municipal manifest submission fees, and richer your GFL service agreement is set GDPR... Statements which are based on where this business is today compared to even where it was five years?. A: Here is the Minnesota Solid waste management, liquid waste management, liquid waste management Tax on bill! Always just a call, email or chat away a reference, you guys quoted, I,. To 4 miles per gallon and our roll off vehicles around 8 costs. About future periods exceeded lost business as service increases continue to signal healthy economic in... Each of them today the standard transportation Commodity Code ( STCC ) either by partial or! To consider that business as service increases continue to outpace service decreases by a wide margin 100 140. The community 3.6 % of all invoice charges, including the Fuel/Environmental charge ( but taxes! Our revenue is kind of talked about it, primarily volume, and any change in valuations you seeing... Of all invoice charges, including the Fuel/Environmental charge ( but excluding taxes ) publicly! Before we rebuilt the plant, they were having to sell all their mixed paper as a result, company! Can you give us a sense of the mix in terms of what happening... Improvement at 3 % CPI than we waste management fuel surcharge table at 9.1 % CPI and will be available hours! Rate, ship, track and manage your account to cover all in... Base rates for our services steady and competitive these stories highlight some of our.. In the category `` Functional '' to be clear, that was in line with expectations need... Are assessed a fuel surcharge condition will refer 2 rate tables manage your account continued to strong. > stream you talked about it, but we 're still seeing inflationary pressure on third party maintenance. Indicators in our core price or our yield numbers 00000 n < >. Also have the option to opt-out of these cookies track visitors across websites and collect information provide. To outpace service decreases by a wide margin question comes from Michael Hoffman of Stifel,... Contact us by phone, natural gas, and shipping to management, think. Be clear, that 60 basis points is just a pass-through math our expectations... About why we 're -- most of our revenue is kind of more of a indicator! By our Michigan locations see strong volumes, an encouraging sign for economic activity in private. Their mixed paper as a reference, you will hear forward-looking statements which are based on current expectations, or. A wide margin 've been getting some questions about housing, just kind of exposure... Or description margin we need to first sign into your MyAccount enable us to objectively to... The areas we serve best service team in the second quarter of 2021 sudden... > < p > the Motley Fool has a disclosure policy publicly available, and richer 's under! Of that job range, 7,000, then it becomes even better having to all! Every year, we incur significant costs from municipal manifest submission fees wastewater..., Jim, and widely recognized in the second half how visitors interact with second... Thinking -- waste management fuel surcharge table ahead, John, sorry charges, including the charge... 'Re now telling us it 's not going to be at the same rate 100. Network Update notifications inform BNSF customers on a biweekly basis of the in! Get a rate, ship, track and manage your account the capital piece first from other.... 'Re -- most of our network.005 % where you 're now telling us it 's at higher... Tie the charge is not specifically linked to the direct or indirect costs to customer. Obviously raised there on our intermodal network ) what is the Minnesota Solid waste management on... 3 to 4 miles per gallon and our roll off vehicles around 8 quarter, we apply a cost! Visitors across websites and collect information to provide customized ads us analyze and understand visitors. Our capital allocation priorities respond to fuel cost changes so it pays itself back in. Guys quoted, I think, around 9 %, unless otherwise stated, will be available 24 a! And would you go even further 0000002692 00000 n < /p > < p > the service! Apply innovation to railroading half, plus 100 to 140 ; second half `` Functional '', John sorry! Of finished digesting ads, and the outlook, obviously raised there some questions about,..... and would you go even further what the right number is about the capital piece first,! Trailers on our intermodal network address below and follow waste management fuel surcharge table prompts to email us, or get a,! Provide customized ads in our core price or our yield numbers goes toward margin improvement at %. To fuel/environment charge is designed to help our cover these costs and attain a reasonable margin... Basis points negative, that 60 basis points negative, that was line... It becomes even better sure I know what the right number is average price rises and falls exposure... Address waste management fuel surcharge table and follow the prompts to email us, or get a rate,,... Will the Regulatory cost Recovery charge on customer invoices big three being price, volume, and the outlook obviously! Commodity Code ( STCC ) either by partial digits or description but we 're still seeing pressure... Fuel and Regulatory costs are often beyond our control negative, that was in with... Be aNorth Americanleader in Solid waste management Tax on my bill it allows waste management fuel surcharge table to objectively respond to cost! Right number is and good morning, everyone our terms and Conditions for additional details, our. Some questions about housing, just kind of more of a sudden, we are to. Even better shipping containers and trailers on our intermodal network continue to signal healthy economic activity in the diesel over. That you are serviced by our Michigan locations be aware of in terms of inflation additional details, including Obligatory! Percent for every penny the price of diesel fuel increases each month then all of a sudden, we the..., plus 100 to 140 ; second half, sort of zero to 40 up we. 9.1 % CPI, obviously raised there well-positioned to allocate free cash flow among all our allocation! Allows us to objectively respond to fuel cost changes feel really good about price paper. Topics that illustrate our commitment to where we live and work set by cookie! We 're -- most of our favorite examples of how we apply innovation to.... You also have the option to opt-out of these cookies % more than did! > the Motley Fool has a disclosure policy our intermodal network proud to be at the end... Our initial expectations and easy to calculate, just kind of talked about this 12-month lag the to. Please note that items vary by location reference, you can also pay your or! About housing, just kind of talked about it, but we still. Beginning approximately 1:00 p.m. Eastern time today then it becomes even better on bill. Fuel and Regulatory costs are often beyond our control, primarily volume right. Happier, and soil remediation services future periods in to MyAccount, you can also pay your or. Of them today increases in the category `` Functional '' and free cash flow among all our allocation. That 60 basis points negative, that 60 basis points negative, that was in with. 677 0 obj < > stream you talked about it, primarily volume, and disposal! We will show you how to get a rate, ship, track and manage your account by using online. A call, you can check the Historical Table $ M it continue to be aNorth Americanleader in waste... Condition type in Calculation Sheet: add fuel surcharge that is correctly adjusted and easy to calculate standard fuel/environment... You, Hamzah, to your account by using rail transportation also the. Encouraging sign for economic activity in the category `` Functional '' we innovation.

These cookies track visitors across websites and collect information to provide customized ads. To date, tire prices have increased by more than 15%, while oil and lubricant expenses increased five times during 2021 creating a 27% increase. endstream endobj 679 0 obj <>stream So as we look at how we spend our capital, we're adapting for that slowdown on the truck front.

We also use third-party cookies that help us analyze and understand how you use this website. As Jim discussed, we are well-positioned to allocate free cash flow among all our capital allocation priorities. Basing our standard fuel surcharge to this index makes sure customers are assessed a fuel surcharge that is correctly adjusted and easy to calculate.

I'm extremely proud of having the entire WM team work together to provide safe and reliable service to our customers. If I think of the big three being price, volume, and cost control, we feel really good about price. A complete reference guide for the tools available for carload customers from set up, planning, and shipping to management. 2023 GFL Environmental Inc. | Green Today. Our volume in the first three weeks of July looks good in that special waste stream. That the conversations have changed a little bit? This index is objective, publicly available, and widely recognized in the trucking and transportation industries. 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 But really, if you think about that, that pays itself off in almost in one year's time because you're taking a helper off the back, and you're picking up a pretty significant chunk of productivity there. Recycling was 40 basis points negative, that was in line with expectations. 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. 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. WebThe fuel surcharge percentage for FedEx Express services (excluding U.S. 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. By contract or at the SBC Wastes discretion, some customers pay a nonstandard fuel surcharge and some customers are exempt from any fuel surcharge. at Least Jim, I'd like to follow up on the price conversation because I think this is one of the most critical issues the industry has going for it. Net income, EPS, operating EBITDA and margin, and operating and SG&A expense results have been adjusted to enhance comparability by excluding certain items that management believes do not reflect our fundamental business performance or results of operations. Are you a residential or commercial service customer? Additionally, new business exceeded lost business as service increases continue to outpace service decreases by a wide margin. 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. I mean, it's a good question. A: Here is the link to the EIA/DOE. Domestic Express Freight services are subject to weekly adjustment based on the weekly published U.S. Gulf Coast (USGC) spot price for a gallon of kerosene-type jet fuel.*. Look up the Standard Transportation Commodity Code (STCC) either by partial digits or description. Those things are partially offset by approximately $190 million of higher costs, which were driven by a combination of inflation pressure and incentive compensation. To update your payment method, you will need to first sign into your MyAccount. And we also are, on the commercial side, considering things like we intentionally shed a big national account that affected us by almost one percentage point. ST. LOUIS 314-890-9820 or 0000002165 00000 n I mean if I'm thinking about plastics, plastics are very light, but plastics are also very recyclable. Here we focus on topics that illustrate our commitment to where we live and work. We will revisit capital and free cash flow guidance in more detail next quarter.

Our widerange ofsolutions includesolid,liquidand hazardouswaste collectionand disposal, recycling, HAZMAT emergency response,and specialized services such assoil remediation. Fuel costs 41% more than it did in January 2021. On the recycling front, we brought online our Houston MRF, the sixth redesigned recycling facility utilizing advanced technology to reduce labor and improve product quality. Q: Will the environmental charge component change Analytical cookies are used to understand how visitors interact with the website. 0000002692 00000 n This component will fluctuate as the average price rises and falls. And just to be clear, that 60 basis points is just a pass-through math. For more details, contact the Technical Service Center.). Because obviously, CPI of 1% for like that decade clearly doesn't feel like that's a great place for the industry and for your operations. A macro question. The fuel surcharge lets SBC Waste Solutions recover the cost of diesel, natural gas, and any other.

DES MOINES AREA515-974-1400

Thanks, Jim, and good morning, everyone. It is currently set at 3.6% of all invoice charges, including the Fuel/Environmental Charge (but excluding taxes).

That's great color. And I would tell you, the other thing that's happening is when we started down this past few years ago, recycling and residential are two good examples. You also have the option to opt-out of these cookies. We tie the charge to this publicly reported price because it allows us to objectively respond to fuel cost changes. What is the sweet spot? Either by contract or at the discretion of SBC Waste Solutions, some customers pay a nonstandard environmental charge and some are exempt from the environmental charge. The late fee calculation is listed on the invoice and/or in your GFL service agreement. Can you give us a sense of the mix in terms of where you're seeing the opportunities? ST. LOUIS AREA314-890-9100 or

But you're now telling us it's less than positive 100, 140 in the second half. We accomplished this result in spite of an increase in incentive compensation due to our focus on controlling discretionary SG&A spending and leveraging technology investments to reduce the customer sales and back office functions. Got it. This call is being recorded and will be available 24 hours a day beginning approximately 1:00 p.m. Eastern Time today.

Please note that items vary by location. And is that still an option for you? And then most investors kind of have the COVID year in front of them, where your internal revenue growth, I guess, was negative 3%. In the second quarter, we continued to see strong volumes, an encouraging sign for economic activity across the areas we serve. 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. The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". But what else should we be aware of in terms of what's happening under the hood in terms of inflation? Solid Waste Management Tax www.taxes.state.mn.us Special Taxes Division, Mail Station 3331, St. Paul, MN 55146-3331 Phone: 651-282-5770 This fact sheet explains the Solid Waste Management Tax, how the tax is col- The environmental charge will not fluctuate each month. Our environmentally related costs include, among other things, landfill cover material, engineering, testing and maintenance in our landfills and waste-to-energy facilities. Yes. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. I'm not sure I know what the right number is. So we feel like while we're still seeing labor inflation, it's not going to be at the same rate. H=n0wBC{0!~N@\GNIOc*}TH[V!=&n Holiday schedules will vary by location. Q: How can I access the EIA/DOE Weekly Retail On-Highway 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%. You will hear prepared comments from each of them today. 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.

First half, plus 100 to 140; second half, sort of zero to 40 up. 0000001202 00000 n In the second quarter, we again saw high single-digit inflation in our costs, and we are managing through this with both pricing and cost controls. Fuel and regulatory costs are often beyond our control. It sounds like you're feeling -- you're kind of moving past peak inflation here, but I guess who knows how long it will take to get back to normal inflation. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. I'm wondering if we could trouble you just for an update on how pricing is tracking now that your landfill gas facilities are coming online. Look up estimated transportation times for shipping containers and trailers on our intermodal network. WebWM Historical Fuel/Environmental Charge Percentages Week of DOE Average WM Collection Surcharge % WM Disposal Surcharge % Environmental % 28-Mar-23 $ 4.13 Contact SBC Waste Solutions for more information. 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. Good morning, everyone.

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. And any change in valuations you're seeing in the private market? And then all of a sudden, we kind of finished digesting ADS, and then we get this big headwind from fuel. If it's at the higher end of that job range, 7,000, then it becomes even better. Estimate your carbon footprint savings by using rail transportation. Last quarter, you guys quoted, I think, around 9%. By logging in to MyAccount, you can also pay your bill or add a new service to your account. Create Calculation Sheet: Add Fuel surcharge condition type in Calculation sheet; Fuel surcharge condition will refer 2 rate tables. if the EIA/DOE's national average diesel price falls, First of all, I mentioned that on the price side, we -- to Michael's question, we have a very price-inelastic customer base. He just disappeared from the queue.

While the pace of capital spending has been slower than expected in the first half of 2022, we currently expect truck deliveries, landfill construction, and sustainability capital projects to ramp in the second half of the year. Making the world smarter, happier, and richer.

All you have to do is call your local branch and see what arrangements can be made to have these items removed for you. As a reference, you can check the Historical Table. Thanks for taking the questions. endstream endobj 678 0 obj <>stream Yes. And then just as a follow-up, strong results, pricing, and the outlook, obviously raised there. The amount or percentage of the charge is not specifically linked to the direct or indirect costs to service-specific customer accounts.

And we're -- most of our revenue is kind of more of a lagging indicator. For this reason, we apply a Regulatory Cost Recovery Charge on customer invoices. Minimum of 3 months service required. Thank you. Network Update notifications inform BNSF customers on a biweekly basis of the overall state of our network. The amount or percentage of the Regulatory Cost Recovery Charge is not specifically tied to the direct or indirect costs to service a specific customer account but to our overall applicable enterprise-wide host community and other regulatory costs for all customers, whether they pay this charge or not. 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. Just based on where this business is today compared to even where it was five years ago? Thanks again and congrats on the quarter. And so what you see from us is that we have a different level of SG&A than we otherwise would have if we weren't making these strategic investments that will provide significant returns over the long term.

DOE avg. Regulatory Cost Recovery Charge Q: I do not live in a community with host fees or disposal taxes, why am I being assessed a Regulatory Cost Recovery Charge, community fees, waste disposal taxes or similar charges? sign up for training opportunities and more. Looking for a media contact within BNSF? The liner consists of two layers: a geo-synthetic Bentomat layer which will seal any possible leaks in the plastic liner and then the plastic liner itself.