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Start free trial →Odd Lots · Money & Markets · November 2026
Walking through what happens to a bag of trash after it leaves the curb, Goodman stops to push back on the popular claim that recycling is fake. He says the city's long-term contracts are what protect it.
…as much volume of trash. Not true. We actually produce per person less trash than most other Western cities. There's no reason that they can have this everywhere else in the world other than a political inertia, right? And that's what's begun to change based on the data that we've produced.
…like that. Why don't we talk about logistics for a second just to better understand the current state so that we can figure out where we're trying to get to? I take out a bag of trash from my apartment building and it's a Wednesday in Soho and I place it on the curb. What happens to it from there?
So a collection truck, we don't call them garbage trucks because they also pick up recycling and compost, comes by sometime generally between midnight and 8.30 in the morning. Try to get as much of it done before peak rush hour. The trucks are on routes that are optimized for a few things. They hold about 12 to 13 tons of trash each. You want it to get full on its route and you want the route to be completed in a single shift. So they're optimized around those factors. And then once the truck is full or loaded out is the jargon, it's taken to a network of transfer stations. So prior to 2000, It was all taken to the Staten Island landfill. When the landfill closed, the city moved to a waste export model. It was a multi-billion dollar 15-year infrastructure project to build five transfer stations around the city. These are places where the truck comes, it dumps out onto a big floor, the tipping floor, a big floor where a large front-end loader pushes it down holes in the floor into like a shipping container that's underneath. Robotic arms seal up the shipping container. A giant crane puts it on either a barge or a rail car, and it's taken to its final destination outside the city. This is obviously far more environmentally sustainable than an…
Wait, slight tangent. What about a styrofoam cup? So
styrofoams are banned in the city, right? So you shouldn't see them too often. But styrofoam actually hits on the great issue with this. Styrofoam is often used as the archetypical example of a non-recyclable item. Can't be recycled, I can't be recyclable. On a pure molecular level, of course it…
argument for doing that? Because when I think about it in my head, it's like, well, of course it's going to cost more to sort it out. The idea was