Industry OverviewCompanies that are involved with all of the aspects of handling of garbage (waste) are considered to fall into the category of Waste Management. The drawn out list of tasks detailed in this category include collection, transport, processing, recycling or disposal, and the monitoring aspect. Waste Management is mostly defined as waste from human consumption. The methods and processes used in handling waste can be very different in regards to the source and type of waste collected. Waste collection is most commonly performed by a fleet of waste collection vehicle, normally large specialized trucks built for a particular loading method. These trucks are either owned and operated by the local government, or by a growing trend of private companies.Industry TrendsThere are a couple of varieties of what to do with the waste once it has been collected. The more traditional methods are the disposal methods that include utilizing a landfill or incineration. The latter is actually the preferred method in disposing of hazardous materials. The incineration facilities have begun to take full advantage of the process and are using the heat created by incinerating the waste to make energy through boilers and furnaces. Other options to disposal, although not always applicable, are the recycling methods. The more commonly familiar method is recycling, where taking certain materials and breaking them down to be used again. Waste management in New York attracted media attention in 1987 and helped to create the recycling movement of the 1990's. The use of technology has been beginning to rise in the industry. Waste management companies have adopted the use of RFID chips to monitor the volume and frequency of recycle bins in some cities. Rear viewing cameras have also been incorporated in some area for video recording and OH&S reasons. Business in the IndustryThere are a growing number of companies in the waste management industry. Many local governments have moved away from being the ones responsible for this service, leaving room for capitalization in the private sector. One such company is Republic Services, who is responsible for the waste management in Phoenix as well as several other metropolitan areas.
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