Latest news with #NewFlyer
Yahoo
6 days ago
- Business
- Yahoo
NFI subsidiary New Flyer signs a major contract with New Jersey Transit for up to 750 buses
ST. CLOUD, Minn., June 16, 2025 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI Group Inc. (NFI, or the Company) a leader in innovative, propulsion-agnostic bus and coach mobility solutions, subsidiary New Flyer of America Inc. (New Flyer), today announced a milestone contract from the New Jersey Transit Corporation (NJ TRANSIT) for the purchase of up to 750 Xcelsior® 60-foot clean-diesel transit buses (1,500 equivalent units or EUs). The contract includes an initial firm order for 200 buses (400 EUs) with deliveries starting in 2026, and options to purchase up to an additional 550 buses (1,100 EUs). This order was added to New Flyer's first-quarter 2025 backlog and marks one of the larger clean-diesel bus procurements in the Company's history. This latest award reinforces New Flyer's commitment to delivering high-capacity, reliability-driven solutions that keep communities connected while helping agencies like NJ TRANSIT modernize and optimize their fleets. 'Our 25-year partnership with NJ TRANSIT is built on trust, innovation, and performance,' said Chris Stoddart, President, New Flyer. 'NJ Transit operates buses from the NFI family including both New Flyer and MCI with clean diesel, CNG, and battery-electric propulsion – all supported by a unique parts support program with a dedicated NFI Parts warehouse located in New Jersey delivering parts to NJ Transit maintenance facilities on a daily basis'. NJ TRANSIT provides more than 225 million annual passenger trips across New Jersey and connects passengers in neighboring communities and surrounding regions. With a fleet of over 3,500 vehicles, including more than 2,200 buses, NJ TRANSIT plays a critical role in regional mobility. The new buses replace aging vehicles, enhancing service reliability and efficiency across the system. 'This procurement marks a key milestone in our commitment to delivering a fully modernized bus fleet by 2031,' said Kris Kolluri, President and CEO, NJ TRANSIT. 'These new articulated buses will not only expand capacity on some of our busiest routes, but also provide a significantly improved onboard experience for our customers—offering greater comfort, reliability, and accessibility.' The Xcelsior clean-diesel platform integrates ultra-low sulfur diesel fuel, next-generation engines, and advanced emissions control systems. The result is a proven, low-emission transit solution designed to perform in high-demand urban environments. For more information, visit About NFI Leveraging 450 years of combined experience, NFI offers a wide range of propulsion-agnostic bus and coach platforms, including market leading electric models. Through its low- and zero-emission buses and coaches, infrastructure, and technology, NFI meets today's urban demands for scalable smart mobility solutions. Together, NFI is enabling more livable cities through connected, clean, and sustainable transportation. With nearly 9,000 team members in ten countries, NFI is a leading global bus manufacturer of mass mobility solutions under the brands New Flyer® (heavy-duty transit buses), MCI® (motorcoaches), Alexander Dennis Limited (single- and double-deck buses), Plaxton (motorcoaches), ARBOC® (low-floor cutaway and medium-duty buses), and NFI Parts™. NFI currently offers the widest range of sustainable drive systems available, including zero-emission electric (trolley, battery, and fuel cell), natural gas, electric hybrid, and clean diesel. In total, NFI supports its installed base of over 100,000 buses and coaches around the world. NFI's common shares trade on the Toronto Stock Exchange (TSX) under the symbol NFI and its convertible unsecured debentures trade on the TSX under the symbol News and information is available at and About New Flyer New Flyer is North America's heavy-duty transit bus leader and offers the most advanced product line under the Xcelsior® and Xcelsior CHARGE® brands. It also offers infrastructure development through NFI Infrastructure Solutions™, a service dedicated to providing safe, sustainable, and reliable charging and mobility solutions. New Flyer actively supports over 35,000 heavy-duty transit buses (New Flyer, NABI, and Orion) currently in service, of which 8,600 are powered by electric motors and battery propulsion and 1,900 are zero-emission. Further information is available at Forward-Looking Statement This press release may contain forward-looking statements relating to expected future events and financial and operating results of NFI that involve risks and uncertainties. Although the forward-looking statements contained in this press release are based upon what management believes to be reasonable assumptions, investors cannot be assured that actual results will be consistent with these forward-looking statements, and the differences may be material. Actual results may differ materially from management expectations as projected in such forward-looking statements for a variety of reasons, including market and general economic conditions (including as a result of tariffs and other trade measures) and economic conditions of and funding availability for customers to purchase buses and to purchase parts or services (including as a result of recent U.S. policy developments); customers may not exercise options to purchase additional buses; the ability of customers to suspend or terminate contracts for convenience; production may be delayed or production rates may be decreased as a result of ongoing and future supply chain disruptions and shortages of parts and components, shipping and freight delays, and disruption to and shortage of labor supply; and the other risks and uncertainties discussed in the materials filed with the Canadian securities regulatory authorities and available on SEDAR at Due to the potential impact of these factors, NFI disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless required by applicable law. For media inquiries, please contact: Melissa Schnee P: 385.910.6861 Melissa_Schnee@ For investor inquiries, please contact: Stephen King P: 204.792.1300 A photo accompanying this announcement is available at
Hamilton Spectator
12-05-2025
- Business
- Hamilton Spectator
NFI Announces Election of Directors
WINNIPEG, Manitoba, May 12, 2025 (GLOBE NEWSWIRE) — (TSX: NFI, OTC: NFYEF, TSX: NFI Group Inc. (NFI) a leader in propulsion-agnostic bus and coach mobility solutions, is pleased to announce that the ten nominees listed in the management information circular dated March 21, 2025, were elected as directors of the Board at the Company's annual and special meeting of shareholders (the Shareholder Meeting) held on Friday May 9, 2025. The detailed results of the vote for the election of directors held at the Shareholder Meeting are set out below. Final voting results on all matters voted on at the Shareholder Meeting will be available at and will be filed with the Canadian securities regulators and available on SEDAR at . About NFI Leveraging 450 years of combined experience, NFI offers a wide range of propulsion-agnostic bus and coach platforms, including market leading electric models. Through its low- and zero-emission buses and coaches, infrastructure, and technology, NFI meets today's urban demands for scalable smart mobility solutions. Together, NFI is enabling more livable cities through connected, clean, and sustainable transportation. With nearly 9,000 team members in ten countries, NFI is a leading global bus manufacturer of mass mobility solutions under the brands New Flyer® (heavy-duty transit buses), MCI® (motorcoaches), Alexander Dennis Limited (single- and double-deck buses), Plaxton (motorcoaches), ARBOC® (low-floor cutaway and medium-duty buses), and NFI Parts™. NFI currently offers the widest range of sustainable drive systems available, including zero-emission electric (trolley, battery, and fuel cell), natural gas, electric hybrid, and clean diesel. In total, NFI supports its installed base of over 100,000 buses and coaches around the world. NFI's common shares trade on the Toronto Stock Exchange (TSX) under the symbol NFI and its convertible unsecured debentures trade on the TSX under the symbol News and information is available at , , , , , , and . For investor and media inquiries, please contact: Stephen King P: 204.792.1300
Yahoo
10-05-2025
- Yahoo
Wife of man killed after he was struck by SEPTA bus files lawsuit
The Brief A tragedy in January in South Philadelphia, as a husband and wife were crossing the street when they were struck by a SEPTA bus. The wife survived with serious injuries, but her husband did not. She says something needs to change so it doesn't happen to anyone else. SOUTH PHILADELPHIA - Four months after a horrific accident in South Philadelphia, a widow talks about the night she and her husband were struck by a SEPTA bus, killing her husband and why she is standing for changes. What we know "I wanna make sure it doesn't happen to anyone else," Kayla Spooner stated. She explained why she doesn't want anyone else hit by a SEPTA bus and killed like her husband Michael was on January 3rd, while in a South Philadelphia crosswalk, after waiting for the pedestrian walk sign. She has filed a lawsuit against SEPTA and the company that made the bus, New Flyer. "I lost my husband, but Michael was also a brother, a son, uncle. If I can save anybody else, any family from having to go through what I went through and am still going through, I would like to make a difference," Kayla explained. The backstory Kayla and Michael Spooner were crossing Front Street at Washington Avenue with the light at 6:49 p.m., when the Route 64 bus was making a left onto Washington Avenue, hitting them both. Kayla survived. Michael was run over and dragged to his death. SEPTA sources immediately told FOX 29 News it was because of a previously known issue with the side view mirror that causes a blind spot for the drivers. What they're saying Kayla's attorney, Jordan Strokovsky, explained, "For years it's been known that these New Flyer buses – the mirrors have been causing a blind spot. And, they've been causing crashes, they've been causing serious accidents. They've been causing fatalities. Not just in Philadelphia, but all across the country." "Too many lives have been taken because of that mirror," retired SEPTA bus driver Joe Wilson stated. Decades-long SEPTA bus driver Wilson spoke about the mirror danger to FOX 29 days after Michael Spooner's death. Visibly upset the problem wasn't fixed after Sheena White was also hit and killed by a SEPTA bus on Washington Avenue in 2014. Her family said she was also in the driver's side view mirror blind spot. "He never saw them. If you pull up to that corner and they're walking and you're going to turn, they're not in your view at all. You're blindsided," Wilson explained. Kayla said, "It's just really sad that this happened to someone else and it happened again." Kayla's lawsuit includes the same thing Joe Wilson told FOX 29's Steve Keeley, claiming, quote, "Instead of remedying the defect, a SEPTA supervisor suggested drivers move forward or back or left to right." "I had one instructor tell me, 'Well, Joe, you just lift up out that seat,' and you shouldn't have to move. If you're driving that bus, you shouldn't have to lift up out the seat and to do anything," Wilson said. Strokovsky continued, "We don't know why they've made the poor decisions that they've made, but it's our job to make sure they make the right decisions going forward." "It's so sad that people have to die to bring attention to a tragedy," Wilson stated. "And, that's another reason why I'm going through with the lawsuit. I don't want Michael to be just another number, or somebody else to be another number, especially when – if there's a known issue, there's accidents and then there's negligence," Kayla said. She continued, "Every time I walk down Washington, I am constantly thinking what are the odds that this happens again? Every time I cross the street and there's a bus there, I'm staring it down because I try to picture what part of it hit me. How it hit Michael. How, you know, the whole thing happened. And, that's just constantly every time I see a bus." The other side SEPTA told FOX 29: "SEPTA has thoroughly examined the size, placement and design of side-view bus mirrors. There is no indication that the mirrors cause hazards or exacerbate blind spots." "As is the case with any large vehicle on the road, SEPTA buses have blind spots. SEPTA bus operators receive extensive training and instruction on how to account for these blind spots and ensure safe travel for pedestrians, motorists and others who share the road."
Yahoo
15-04-2025
- Business
- Yahoo
NFI Announces Updates to Board Leadership
WINNIPEG, Manitoba, April 15, 2025 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI Group Inc. (NFI, or the Company) a leader in propulsion-agnostic bus and coach mobility solutions, today announced that Colin Robertson, previously Vice Chair of the Board, has been appointed Chair of the Board, succeeding Chan Galbato, who has decided to step down from the Board to pursue other opportunities. NFI Vice Chair Larry Edwards will assume the role of Lead Independent Director. 'On behalf of the Company, I would like to thank Mr. Galbato for his service, dedication and the significant effort and energy that he devoted to NFI,' said Paul Soubry, President and Chief Executive Officer of NFI. Mr. Robertson has served on NFI's Board since 2020 and brings over 30 years of global manufacturing and leadership experience, including 13 years as Chief Executive Officer of Alexander Dennis Limited (AD), acquired by NFI in 2019. Mr. Robertson previously held executive positions with global engine and power generation leader Cummins Inc., and Terex Corporation, a leading manufacturer of lifting and material handling equipment. 'NFI is uniquely positioned to capitalize on compelling market opportunities as it advances its leadership in bus and coach technology, manufacturing, and aftermarket services,' said Mr. Robertson, NFI's new Board Chair. 'The Company is poised to deliver significant value creation, and I look forward to working closely with my fellow directors and the leadership team as we drive NFI forward.' Given that Mr. Galbato has stepped down from the Board, his nomination has been removed from the slate of directors proposed to be elected at the upcoming meeting of Company's shareholders and the Company will proceed to nominate the other ten candidates. About NFI Leveraging 450 years of combined experience, NFI offers a wide range of propulsion agnostic bus and coach platforms, including market leading electric models. Through its low- and zero-emission buses and coaches, infrastructure, and technology, NFI meets today's urban demands for scalable smart mobility solutions. Together, NFI is enabling more livable cities through connected, clean, and sustainable transportation. With nearly 9,000 team members in ten countries, NFI is a leading global bus manufacturer of mass mobility solutions under the brands New Flyer® (heavy-duty transit buses), MCI® (motorcoaches), Alexander Dennis Limited (single- and double-deck buses), Plaxton (motorcoaches), ARBOC® (low-floor cutaway and medium-duty buses), and NFI Parts™. NFI currently offers the widest range of sustainable drive systems available, including zero-emission electric (trolley, battery, and fuel cell), natural gas, electric hybrid, and clean diesel. In total, NFI supports its installed base of over 100,000 buses and coaches around the world. NFI's common shares trade on the Toronto Stock Exchange (TSX) under the symbol NFI and its convertible unsecured debentures trade on the TSX under the symbol News and information is available at and Forward-Looking Statement This press release may contain forward-looking statements relating to expected future events and financial and operating results of NFI that involve risks and uncertainties. Although the forward-looking statements contained in this press release are based upon what management believes to be reasonable assumptions, investors cannot be assured that actual results will be consistent with these forward-looking statements, and the differences may be material. Actual results may differ materially from management expectations as projected in such forward-looking statements for a variety of reasons, including market and general economic conditions (including as a result of tariffs and other trade measures) and economic conditions of and funding availability for customers to purchase buses and to purchase parts or services (including as a result of recent U.S. policy developments); customers may not exercise options to purchase additional buses; the ability of customers to suspend or terminate contracts for convenience; production may be delayed or production rates may be decreased as a result of ongoing and future supply chain disruptions and shortages of parts and components, shipping and freight delays, and disruption to and shortage of labor supply; and the other risks and uncertainties discussed in the materials filed with the Canadian securities regulatory authorities and available on SEDAR at Due to the potential impact of these factors, NFI disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless required by applicable law. For investor and media inquiries, please contact: Stephen King P: 204.792.1300 in to access your portfolio
Yahoo
17-03-2025
- Business
- Yahoo
NFI subsidiary New Flyer secures two Maryland Transit Administration orders for a total of 117 low- and zero-emission Xcelsior® buses
ST. CLOUD, Minn., March 17, 2025 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI Group Inc. (NFI) a leader in propulsion agnostic bus and coach mobility solutions, subsidiary New Flyer of America Inc. (New Flyer), today announced new firm orders from the Maryland Transit Administration (the agency) for a total of 117 buses (127 equivalent units or EUs). These awards consist of: 50 Xcelsior® 40-foot hybrid-electric buses (50 EUs) and 20 Xcelsior CHARGE NG™ 40-foot battery-electric buses (20 EUs) awarded in the fourth quarter of 2024. An additional 37 Xcelsior 40-foot hybrid-electric buses (37 EUs), and 10 Xcelsior CHARGE NG 60-foot battery-electric buses (20 EUs) awarded in the first quarter of 2025. The combination of orders further solidifies New Flyer's role in delivering sustainable, high-performance transit solutions to one of the nation's leading transit agencies. 'NFI and its subsidiaries have delivered over 1,200 buses to the agency over the past 30 years,' said Chris Stoddart, President, North American Bus and Coach, NFI. 'The combination of hybrid and battery-electric buses offers a seamless implementation process, an opportunity to significantly reduce emissions in the short term, and a scalable pathway to achieving their sustainability goals. Additionally, all models are built on our proven Xcelsior platform and feature a high degree of commonality in parts and service operations, ensuring efficiency and reliability across their fleet.' The Maryland Transit Authority plays a critical role in operating a range of transportation services in the metropolitan Baltimore region while also directing funding and providing statewide support to locally operated transit systems across Maryland. Through its local bus services (CityLink, LocalLink, QuickLink, and Express BusLink) the agency delivers more than 75 million passenger trips annually, serving as a cornerstone of Maryland's transit infrastructure. NFI is a leader in zero-emission mobility, with electric vehicles operating (or on order) in more than 150 cities in six countries. NFI offers the widest range of zero-emission battery and fuel cell-electric buses and coaches, and its vehicles have completed over 240 million EV service miles. About NFI Leveraging 450 years of combined experience, NFI is leading the electrification of mass mobility around the world. With zero-emission buses and coaches, infrastructure, and technology, NFI meets today's urban demands for scalable smart mobility solutions. Together, NFI is enabling more livable cities through connected, clean, and sustainable transportation. With over 9,000 team members in ten countries, NFI is a leading global bus manufacturer of mass mobility solutions under the brands New Flyer® (heavy-duty transit buses), MCI® (motorcoaches), Alexander Dennis Limited (single- and double-deck buses), Plaxton (motorcoaches), ARBOC® (low-floor cutaway and medium-duty buses), and NFI Parts™. NFI currently offers the widest range of sustainable drive systems available, including zero-emission electric (trolley, battery, and fuel cell), natural gas, electric hybrid, and clean diesel. In total, NFI supports its installed base of over 100,000 buses and coaches around the world. NFI's common shares trade on the Toronto Stock Exchange ('TSX') under the symbol NFI and its convertible unsecured debentures trade on the TSX under the symbol News and information is available at and About New Flyer New Flyer is North America's heavy-duty transit bus leader and offers the most advanced product line under the Xcelsior® and Xcelsior CHARGE® brands. It also offers infrastructure development through NFI Infrastructure Solutions™, a service dedicated to providing safe, sustainable, and reliable charging and mobility solutions. New Flyer actively supports over 35,000 heavy-duty transit buses (New Flyer, NABI, and Orion) currently in service, of which 8,600 are powered by electric motors and battery propulsion and 1,900 are zero-emission. Further information is available at Forward-Looking Statement This press release may contain forward-looking statements relating to expected future events and financial and operating results of NFI that involve risks and uncertainties. Although the forward-looking statements contained in this press release are based upon what management believes to be reasonable assumptions, investors cannot be assured that actual results will be consistent with these forward-looking statements, and the differences may be material. Actual results may differ materially from management expectations as projected in such forward-looking statements for a variety of reasons, including market and general economic conditions and economic conditions of and funding availability for customers to purchase buses and to purchase parts or services; customers may not exercise options to purchase additional buses; the ability of customers to suspend or terminate contracts for convenience; production may be delayed or production rates may be decreased as a result of ongoing and future supply chain disruptions and shortages of parts and components, shipping and freight delays, and disruption to and shortage of labor supply; and the other risks and uncertainties discussed in the materials filed with the Canadian securities regulatory authorities and available on SEDAR at Due to the potential impact of these factors, NFI disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless required by applicable law. For media inquiries, please contact: Melissa Schnee P: 385.910.6861 Melissa_Schnee@ For investor inquiries, please contact: Stephen King P: 204.792.1300 Photos accompanying this announcement are available at in to access your portfolio
