8-K

                         UNITED STATES

S E C U R I T I E S   A N D   E X C H A N G E   C O M M I S S I O N
                     Washington, D.C. 20549

                            FORM 8-K

                         CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934

   (Date of Report) Date of earliest event reported: May 3, 2004




               CAPITAL ENVIRONMENTAL RESOURCE INC.
      (Exact name of registrant as specified in its charter)


Ontario, Canada             000-25595                  Not Applicable
(Jurisdiction of       Commission file number         (I.R.S. Employer
incorporation)                                     Identification No.)

1122 International Blvd, Suite 601
Burlington, Ontario, Canada                         L7L 6Z8
(Address of principal executive offices)            (Postal Code)

                         (905) 319-1237
         Registrant's telephone number, including area code



Item 9. Regulation FD Disclosure

  On May 3, 2004, the Company issued a press release announcing the
completion of a new $160 million credit facility, an offering of $160
million of senior subordinated notes, a private placement of
13,400,000 comon shares with 1,340,000 warrants to purchase common
shares and the closing of the previously announced acquisition of
Florida Recycling Services, Inc. A copy of the press release is
furnished as part of this current report on Form 8-K as Exhibit
99.1 and is incorporated herein in its entirety by reference.



                           SIGNATURES


      Pursuant to the requirements of the Securities Exchange Act
of  1934, the registrant has duly caused this Report to be signed
on its behalf by the undersigned, thereunto duly authorized.


               CAPITAL ENVIRONMENTAL RESOURCE INC.




Date:  May 3, 2004    By:     /s/ Ivan R. Cairns
                         ___________________________________
                         Ivan R. Cairns
                         Executive Vice President,
                         General Counsel

EX-99

                          PRESS RELEASE
                      For Immediate Release



          CAPITAL ENVIRONMENTAL COMPLETES FINANCING AND
           ACQUISITIONS OF FLORIDA RECYCLING SERVICES

BURLINGTON, Ontario, May 3, 2004 - Capital Environmental Resource
Inc.  (Nasdaq:  CERI) today announced that it  had,  through  its
wholly  owned  subsidiary,  Waste Services,  Inc.,  completed  an
approximate  $374 million financing consisting of  a  new  credit
facility, an offering of senior subordinated notes and a  private
placement of common stock with warrants to purchase common stock.
The  net  proceeds  of the financing will be used  to  repay  the
Company's  existing  senior  credit  facility,  to  complete  the
previously  announced acquisition of Florida  Recycling  Services
("FRS")  and to finance the purchase of the remaining  assets  of
Allied Waste in Northern and Central Florida that are subject  to
final consent.

The financing consists of:

i)   a  new $160 million credit facility, including a $60 million
     revolving  credit facility and $100 million term loan.   The
     revolving credit facility will be undrawn at closing;
ii)  an offering of  $160 million of senior subordinated notes to
     certain institutional investors in an offering exempt from the
     registration requirements of the Securities Act of 1933.  The
     senior subordinated notes have a coupon of 9 1/2%;
iii) a private placement of 13,400,000 shares of common stock
     with 1,340,000 warrants to purchase common stock, raising $53.6
     million in gross proceeds.

Approximately  $98.5  million  of the  net  proceeds  from  these
financings  are  being used to complete the acquisition  of  FRS.
Additionally  Capital has issued 9.25 million  shares  of  common
stock  to  the shareholders of FRS.  The operations  of  FRS  are
based  in  Central Florida, primarily servicing Orlando, Daytona,
Fort  Myers  and  Tampa areas.  When combined with  the  recently
acquired  collection operations of Allied Waste  in  Central  and
Northern Florida, Capital's Florida operations will consist of 12
collection   companies,   3  landfills,   4   transfer/processing
facilities  and  7  recycling facilities with  approximately  550
vehicles,  servicing approximately 31,000 commercial and  500,000
residential customers.

Chairman  and  Chief  Executive  Officer  David  Sutherland-Yoest
stated:   "We are pleased to complete the acquisition of  Florida
Recycling  Services  as  it will greatly  expand  our  collection
operations  in  Central  Florida  and  provide  significant   new
internalized waste volumes into our JED Landfill.  The financings
that  have been completed provide the company with a new  capital
structure  with significantly more flexibility and  liquidity  to
continue to pursue our growth plans."

Capital   Environmental  Resource  Inc.  is  a  multi   regional,
integrated solid waste services company that provides collection,
transfer, landfill disposal and recycling services in the  United
States    and    Canada.    The    Company's    web    site    is
www.capitalenvironmental.com.  Information   on   the   Company's
website does not form part of this press release.

For information contact:

Ronald L. Rubin
Executive Vice President, Chief Financial Officer
480-734-2600
or
Mark A. Pytosh
Executive Vice President
480-734-2600

                        *    *    *    *

           Safe Harbor for Forward-Looking Statements

Certain  matters  discussed in this press release  are  "forward-
looking  statements" within the meaning of  Section  27A  of  the
Securities Act of 1933 and Section 21E of the Securities Exchange
Act  of  1934.  These  statements describe the  company's  future
plans,  objectives  and  goals. These forward-looking  statements
involve  risks and uncertainties which could cause actual results
to  differ  materially from the plans, objectives and  goals  set
forth  in  this  press  release. Factors which  could  materially
affect  such forward-looking statements can be found in Capital's
periodic   reports  filed  with  the  Securities   and   Exchange
Commission, including risk factors detailed in Capital's Form 20-
F  for  the year ended December 31, 2003. Shareholders, potential
investors  and other readers are urged to consider these  factors
carefully  in evaluating the forward-looking statements  and  are
cautioned  not  to  place undue reliance on such  forward-looking
statements.

The  forward-looking statements made in this  press  release  are
only  made  as  of  the  date hereof and  Capital  undertakes  no
obligation to publicly update such forward-looking statements  to
reflect subsequent events or circumstances.