8-K

                        UNITED STATES

             SECURITIES AND EXCHANGE COMMISSION
                    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 13,
                            2004

             Capital Environmental Resource Inc.
   (Exact name of registrant as specified in its charter)


   Ontario, Canada      000-25955       Not Applicable
 ___________________  _____________  _____________________
   (State or other     (Commission     (I.R.S. Employer
   jurisdiction of     File Number)   Identification No.)
   incorporation)

1122 International Blvd., Suite 601
Burlington, Ontario                         L7L 6Z8
___________________________________  _____________________
(Address of principal executive           (Zip Code)
          officers)

   Registrants' telephone number, including area code:
                      (905)319-1237

 1005 Skyview Drive, Suite 201, Burlington, Ontario  L7P 5B1
____________________________________________________________

    (Former name or former address, if changed since last
                          report.)


____________________________________________________________


Item 7.        Financial Statements and Exhibits

(c)       Exhibit 99.1 Press Release issued May 13, 2004.

Item 12.  Disclosure of Results of Operations and Financial
condition

Capital  Environmental Resource Inc. ("Capital", "we",  "us"
or  "our") issued a press release on May 13, 2004 announcing
our  results of operations for the quarter ended  March  31,
2004.  A copy of that release is furnished as Exhibit 99.1.

In  our  press  release,  we presented  information  on  our
operating   income   before  depreciation,   depletion   and
amortization for the quarter and on an annualized pro  forma
basis.  Operating income before depreciation, depletion  and
amortization (on an actual and pro forma basis) is  a  "non-
GAAP"  financial measure under Regulation G.  The components
of  operating  income  before  depreciation,  depletion  and
amortization  are  computed  by  using  amounts   that   are
determined  in accordance with GAAP.  As part of  our  press
release  we  provided a reconciliation of  operating  income
before  depreciation,  depletion and  amortization  for  the
first  quarter 2004 to income from operations for  the  same
period,  which  is  its  nearest comparable  GAAP  financial
measure.     The   reconciliation   consists    of    adding
depreciation,  depletion  and amortization  to  income  from
operations.

Operating   income   before  depreciation,   depletion   and
amortization (on an actual and pro forma basis) is presented
because  we believe that it may be used by certain investors
to  analyze  and  compare our operating performance  between
accounting  periods  and against the  operating  results  of
other  companies that have different financing  and  capital
structures  or  tax  rates.   In addition,  management  uses
operating   income   before  depreciation,   depletion   and
amortization, among other things, as an internal performance
measure.   Our  lenders  also use  operating  income  before
depreciation,  depletion  and  amortization   and   adjusted
operating   income   before  depreciation,   depletion   and
amortization to measure our ability to service and/or  incur
additional indebtedness under our credit facility.  However,
operating   income   before  depreciation,   depletion   and
amortization should not be considered in isolation or  as  a
substitute  for  net income, cash flows or  other  financial
statement data prepared in accordance with U.S. GAAP or as a
measure   of  a  company's  performance,  profitability   or
liquidity.  Operating income before depreciation,  depletion
and  amortization  is  not calculated under  U.S.  GAAP  and
therefore is not necessarily comparable to similarly  titled
measures of other companies.

                          SIGNATURE

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.


                   By:  /s/Ivan R. Cairns
            ______________________________________
                       Ivan R. Cairns
                  Executive Vice President,
                       General Counsel
                         & Secretary

                     Date:  May 13, 2004

EX-99

                        PRESS RELEASE
                    For Immediate Release



  CAPITAL ENVIRONMENTAL REPORTS FIRST QUARTER 2004 RESULTS

BURLINGTON,  ON  (May  13,  2004)  -  Capital  Environmental
Resource  Inc.  (NASDAQ: CERI; "Capital" or  the  "Company")
today  reported financial results for the three months ended
March  31, 2004.  Revenue for the quarter increased by $25.0
million, or 99%, to $50.3 million in 2004 from $25.3 million
in  2003.   The  increase is primarily attributable  to  new
business  acquisitions in the United States, as the  Company
initiated a disposal-based growth strategy to enter the U.S.
solid  waste  market  in  2003.  The  favorable  effects  of
foreign exchange movements also contributed to the increase.
Operating   income   before  depreciation,   depletion   and
amortization*  was  $5.7 million for the  first  quarter  of
2004,  compared  to $4.3 million for the  same  period  last
year.  Net loss attributable to Common Shareholders for  the
three  months  ended March 31, 2004, was $10.7  million,  or
($0.15) per share, versus a loss of $8.3 million, or ($0.24)
per  share,  for  the  comparable  period  last  year.   The
Company's operating results for the quarter were burdened by
its  investment  in management, systems and financing  costs
associated  with its expansion into the U.S.  including  its
investment in the JED landfill in Florida, which  opened  in
late  January  2004, and new landfill sites in  Arizona  and
Texas,  which  are expected to open in the  second  half  of
2004.

Capital's   Chairman  and  Chief  Executive  Officer   David
Sutherland-Yoest commented, "Our first quarter  results  are
beginning to show the growth from our recent entry into  the
U.S.  solid waste market as well as continued positive  cash
flow from our Canadian operations.  Our flagship asset,  the
JED  landfill  outside Orlando, opened in late  January  and
now,  with  the completion of the FRS acquisition,  we  have
solidified  our  vertically integrated platform  in  central
Florida.  We  expect  2004 to be a very  exciting  year  for
Capital  with sequentially improving margins and  cash  flow
each quarter as we report the full impact of our development
activities,  improving results from  the  newly  opened  JED
landfill  and the opening of our Arizona and Texas landfills
later this year."

Separately,  Capital  announced that  effective  January  1,
2004,  it  had changed its method of accounting for landfill
closure and post closure costs from its previous method used
upon adoption of Statement of Financial Accounting Standards
No. 143.  This change was made to align the Company's method
with predominant industry practices by recognizing the asset
and  related  retirement obligation over  the  life  of  the
landfill site as opposed to the inception of the site.   The
cumulative  effect  of  this change in  method  reduced  the
Company's  first quarter's net loss by $225,000  after  tax.
The  pro  forma  effect of this change  on  Capital's  first
quarter 2003 results was insignificant.

*Reconciliation of Non-GAAP Financial Measures

The  following  table  reconciles  the  differences  between
income  from operations, as determined under U.S. GAAP,  and
operating   income   before  depreciation,   depletion   and
amortization, a non-GAAP financial measure (in thousands  of
U.S. dollars)(unaudited):

                                                                        For the Three Months Ended
                                                                                 March 31,
                                                                        __________________________
                                                                             2004        2003
                                                                            ______      ______
                                                                                    
Operating income before depreciation, depletion and amortization (1)        $5,677      $4,289

Less: Depreciation, depletion and amortization                               5,472       3,225
                                                                            ______      ______
Income from operations                                                      $  205      $1,064
                                                                            ======      ======


On May 10, 2004 the Company filed a current report on Form 8-
K  with unaudited pro forma condensed consolidated financial
statements reflecting the Florida Recycling acquisition, the
acquisition of the remaining assets of Allied's northern and
central  Florida  operations,  and  the  offering   of   the
Company's  new  debt and equity securities.   The  following
table  reconciles the differences between pro  forma  income
from  operations  and  pro  forma  operating  income  before
depreciation,   depletion  and  amortization,   a   non-GAAP
financial  measure, on a pro forma basis for the year  ended
December 31, 2003 (in thousands of U.S. dollars)(unaudited):

                                                                                 
Pro forma operating income before depreciation, depletion and amortization (1)    $42,751

Less: Pro forma depreciation, depletion and amortization                           35,680
                                                                                  _______
Pro forma income from operations                                                  $ 7,071
                                                                                  =======



  (1) Operating income before depreciation, depletion  and
      amortization (on an actual and pro forma basis) is presented
      because the Company believes that it may be used by certain
      investors to analyze and compare the Company's operating
      performance between accounting periods and against  the
      operating results of other companies that have different
      financing and capital structures or tax rates.  In addition,
      management  uses operating income before  depreciation,
      depletion and amortization, among other things,  as  an
      internal performance measure.  The Company's lenders also
      use operating income before depreciation, depletion and
      amortization  and  adjusted  operating  income   before
      depreciation, depletion and amortization to measure the
      Company's  ability to service and/or  incur  additional
      indebtedness under its credit facility.  However, operating
      income  before depreciation, depletion and amortization
      should not be considered in isolation or as a substitute for
      net income, cash flows or other financial statement data
      prepared in accordance with U.S. GAAP or as a measure of a
      company's   performance,  profitability  or  liquidity.
      Operating  income  before depreciation,  depletion  and
      amortization is not calculated under U.S. GAAP and therefore
      is not necessarily comparable to similarly titled measures
      of other companies.

The  Company  will  host an investor and analyst  conference
call  on  Friday, May 14, 2004 at 8:30 a.m. (EDT) to discuss
the  results of today's earnings announcement.  If you  wish
to  participate in this call, please contact the  conference
call operator at 1-800-387-6216.  For those unable to listen
to  the  live call, a telephonic replay of the call will  be
available  until Friday, May 28, 2004 by phoning  1-800-408-
3053  or  1-416-695-5800  and  entering  reservation  number
3051985.

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.

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


                                       CAPITAL ENVIRONMENTAL RESOURCE INC.
                            UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
                              (In thousands of US dollars; except per share data)


                                                                                             Three Months Ended March 31,
                                                                                             ____________________________
                                                                                                  2004          2003
                                                                                             _____________  _____________
                                                                                                      
Revenue.................................................................................      $   50,317     $   25,280

Operating and other expenses:
   Cost of operations...................................................................          34,171         16,594
   Selling, general and administrative expense..........................................          11,950          4,729
   Stock-based compensation expense (benefit)...........................................          (1,391)          (297)
   Depreciation, depletion and amortization.............................................           5,472          3,225
   Foreign exchange gain and other......................................................             (90)           (35)
                                                                                             _____________   ____________

Income from operations..................................................................             205          1,064
Interest expense........................................................................           6,316          1,320
Cumulative mandatorily redeemable preferred stock dividends and
   amortization of issue costs..........................................................           4,019              -
                                                                                             _____________   ____________

Loss before income taxes................................................................         (10,130)          (256)
Income tax provision....................................................................             829             43
                                                                                             _____________   ____________

Loss before cumulative effect of change in accounting principle.........................         (10,959)          (299)
Cumulative effect of change in accounting and accounting principle,
   net of provision for income taxes of $134 and $256 for the three
   months ended March 31, 2004 and 2003, respectively...................................             225            518
                                                                                             _____________   ____________

Net income (loss).......................................................................         (10,734)           219
Deemed dividend on Series 1 Preferred Shares............................................               -         (8,532)
                                                                                             _____________   ____________

Net loss attributable to Common Shareholders............................................       $ (10,734)     $  (8,313)
                                                                                             =============   ============

Basic and diluted loss per share:
   Basic and diluted loss per share before cumulative effect of change in
      accounting principle..............................................................       $   (0.15)     $   (0.25)
   Cumulative effect of change in accounting principle..................................               -           0.01
                                                                                             _____________   ____________

   Loss per share - basic and diluted...................................................       $   (0.15)     $   (0.24)
                                                                                             =============   ============
   Weighted average Common Shares outstanding - basic and diluted.......................          70,583         35,195
                                                                                             =============   ============