NFI

AgriBank Reports First Quarter 2024 Financial Results

Retrieved on: 
Giovedì, Maggio 9, 2024
Soybean, Investment, Poultry, Weather, Pesticide, AgriBank, USDA, Farmer, Risk management, ROA, Livestock, Economic Research Service, Marketing, Government, Growth, Projection, NFI, Bank

ST. PAUL, Minn., May 9, 2024 /PRNewswire/ -- Today, St. Paul-based AgriBank announced financial results for the first quarter of 2024, with strong profitability, credit quality, and liquidity and capital.

Key Points: 
  • ST. PAUL, Minn., May 9, 2024 /PRNewswire/ -- Today, St. Paul-based AgriBank announced financial results for the first quarter of 2024, with strong profitability, credit quality, and liquidity and capital.
  • Credit quality: Total loan portfolio credit quality remained strong, with 99.5 percent of loans classified as acceptable at March 31, 2024.
  • "The Farm Credit lenders we support continue to excel at meeting the needs of farmers, ranchers and other rural customers, which translates into strong financial performance for AgriBank," said Jeffrey Swanhorst, AgriBank chief executive officer.
  • Offsetting these decreases were AgriBank's net income and unrealized gains in their derivative portfolio during the first quarter of 2024.

Mohr Logistics Park signs 1 million square foot lease with Cummins Inc.

Retrieved on: 
Giovedì, Maggio 9, 2024
CBRE, Tenant, UMB Financial Corporation, Collier, CMI, IBM Power Systems, Workforce, Trade, DHL, NFI, Turn, Warehouse

WHITELAND, Ind., May 9, 2024 /PRNewswire/ -- Mohr Capital has secured a lease for more than 1 million square feet at Mohr Logistics Park with Cummins Inc (NYSE: CMI). This is the fifth major lease for the award-winning Class A industrial park, further solidifying Mohr Logistics Park's status as a blue-chip industrial park.

Key Points: 
  • WHITELAND, Ind., May 9, 2024 /PRNewswire/ -- Mohr Capital has secured a lease for more than 1 million square feet at Mohr Logistics Park with Cummins Inc (NYSE: CMI).
  • This is the fifth major lease for the award-winning Class A industrial park, further solidifying Mohr Logistics Park's status as a blue-chip industrial park.
  • Cummins' new long-term lease is for 1,057,350 square feet in Building 6 at Mohr Logistics Park.
  • "Mohr Logistics Park is very proud to have Cummins bring one of their largest global facilities to Mohr Logistics Park.

NFI announces Election of Directors, including new Board member Anne Marie O’Donovan

Retrieved on: 
Lunedì, Maggio 6, 2024
Chairperson, Audit committee, Workplace, NFI

“I’m pleased to welcome Anne Marie O’Donovan to our Board, whose expertise in finance and public company governance will be a tremendous addition not only as a director, but also as Chair of our Audit Committee,” said Ms. Wendy Kei, Chair of the Board.

Key Points: 
  • “I’m pleased to welcome Anne Marie O’Donovan to our Board, whose expertise in finance and public company governance will be a tremendous addition not only as a director, but also as Chair of our Audit Committee,” said Ms. Wendy Kei, Chair of the Board.
  • “Looking to the remainder of fiscal 2024 and into the longer-term, NFI is very well positioned to benefit from record investments in public transportation, the transition to zero-emission mobility, and its solid market position and backlog.
  • Our Board remains extremely confident in NFI’s management team and will continue to play an active role in overseeing the Company’s recovery as it delivers on its sustainability pledge to deliver a better product, a better workplace and a better world.”

NFI announces first quarter 2024 results

Retrieved on: 
Giovedì, Maggio 2, 2024
Conversation, Investment, Risk, Webcast, Growth, EST, NFI, Financial statement, FCA, Documentation, Audit committee, Net, Executive, American Public Transportation Association, Net operating assets, Travel, FCPA, Public expenditure, ICD, LTM, Government, Ernst & Young, ZEB, Fiscal, Eus, History, Senior, Appendix, Bank statement, Scotiabank, WIP

WINNIPEG, Manitoba, May 02, 2024 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. ("NFI" or the "Company"), a leader in zero-emission electric mobility solutions, today announced its unaudited interim condensed consolidated financial results for the first quarter of 2024.

Key Points: 
  • Results noted herein are for the 13-week period ("2024 Q1”) and the 52-week period ("2024 Q1 LTM”) ended March 31, 2024.
  • NFI generated $10 million in cash flows from working capital in the first quarter of 2024, as higher vehicle deliveries lowered finished goods and work-in-process (“WIP”) inventory.
  • NFI anticipates that nearly all of the remaining legacy inflation-impacted contracts will be delivered during the second quarter of 2024.
  • NFI reiterates its previously provided financial guidance for Fiscal 2024 and targets for 2025 as disclosed on January 17, 2024.

NFI schedules first quarter 2024 financial results and Annual Meeting of Shareholders

Retrieved on: 
Mercoledì, Aprile 17, 2024
Webcast, OTC, TSX, NFI, Eastern Time Zone

NFI encourages attendees to join via webcast as a results presentation will be presented and users can also submit questions to management through the platform.

Key Points: 
  • NFI encourages attendees to join via webcast as a results presentation will be presented and users can also submit questions to management through the platform.
  • NFI’s Annual Meeting of Shareholders (the “Shareholders’ Meeting”) will be held virtually on Friday, May 3, 2024, at 11:00 a.m.
  • The materials for the Shareholders’ Meeting and voting instructions will be sent to shareholders in advance of the meeting.
  • Details on how to join the meeting, along with other relevant documents, including the Management Information Circular, have been posted on NFI’s website at: https://www.nfigroup.com/events-and-presentation/annual-general-meeting .

NFI Continues Expansion and Commitment to Canada

Retrieved on: 
Martedì, Marzo 12, 2024
The Journal of Commerce, Commerce, SVP, Acquisition, SDR, NFI, Growth, Intermodal transport, Management

CAMDEN, N.J., March 12, 2024 (GLOBE NEWSWIRE) -- NFI, a premier supply chain solutions provider , underscores its growth and commitment to Canada with strategic appointments and industry accolades.

Key Points: 
  • CAMDEN, N.J., March 12, 2024 (GLOBE NEWSWIRE) -- NFI, a premier supply chain solutions provider , underscores its growth and commitment to Canada with strategic appointments and industry accolades.
  • Glenn Nicodemus joined NFI with the acquisition of SDR and is expanding his role as he assumes responsibility for all Canadian warehouse facilities at NFI.
  • With nearly 1,000 employees and five million square feet of warehouse space nationwide, NFI stands at Canada's forefront of multichannel supply chain solutions.
  • As it expands, NFI remains dedicated to delivering exceptional supply chain solutions and driving value for its North American partners.

Gather AI Raises $17M to Accelerate Growth and Bring Warehouses into the Modern Era with AI-Powered Inventory Monitoring

Retrieved on: 
Mercoledì, Marzo 27, 2024
Supply Chain Management, Technology, Drones, Robotics, Transport, Other Technology, Retail, Software, Artificial Intelligence, Logistics, Food Tech, ROI, Innovation, NFI, Growth, Bain Capital Ventures, Kaph, DPI, Gather, Food, Deep learning, DSV, Multimedia, WMS

It will be invested in scaling operations as Gather AI continues to attract customers by solving supply chain issues with richer data and AI.

Key Points: 
  • It will be invested in scaling operations as Gather AI continues to attract customers by solving supply chain issues with richer data and AI.
  • Gather AI automates inventory visibility challenges through autonomous drones across third-party logistics, manufacturing, and retail facilities, with much richer data than warehouses can currently obtain with barcodes.
  • Gather AI customers are seeing an ROI of 3-5x, driven by a 66% reduction in warehouse inventory database errors.
  • To learn more, join Gather AI at the International Warehouse Logistics Association (IWLA) Convention & Expo, Booth #203, April 21-23 or visit https://gather.ai .

NFI subsidiary New Flyer awarded two contracts from New York for up to 2,090 Xcelsior® transit buses

Retrieved on: 
Lunedì, Marzo 11, 2024
EV, Eus, Federal Transit Administration, OTC, TSX, NFI, New Flyer Xcelsior, VIC, City, MTA, NYCT, FTA, Partnership, Transport

ST. CLOUD, Minn., March 11, 2024 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) New Flyer of America Inc. (New Flyer), a subsidiary of NFI Group Inc. (NFI) and North America’s leading manufacturer of heavy-duty transit buses, today announced that it has been awarded two new contracts from the New York City Transit Authority (NYCT) including firm orders for 429 Xcelsior® buses (671 equivalent units or EUs) with options to purchase up to 1,661 additional buses (2,379 EUs) over the next five years.

Key Points: 
  • The battery-electric vehicles manufactured under these contracts will support MTA’s goal of transitioning the agency’s entire bus fleet to zero-emission alternatives by 2040.
  • NYCT’s battery-electric vehicle purchase was supported through the Federal Transit Administration (FTA) Low or No Emission (Low-No) grant program.
  • The EUs from these two contracts were previously included in bid award pending and now move into NFI’s backlog.
  • Since opening in late 2017, the VIC has hosted over 350 interactive events, welcoming 7,000 industry professionals for EV and infrastructure training.

NFI announces fourth quarter and full year 2023 results

Retrieved on: 
Giovedì, Febbraio 29, 2024
Universe, WIP, Conversation, Eus, Federal Transit Administration, Growth, Net operating assets, NFI, Q4, Round Table, Acceleration, Absorption, Financial statement, Bus, White, APTA, Documentation, ZEB, Bankruptcy, Net, FTA, Fiscal, Task force, Government, Public sector, Risk, Appendix, American Public Transportation Association, Bank

WINNIPEG, Manitoba, Feb. 29, 2024 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. ("NFI" or the "Company"), a leader in zero-emission electric mobility solutions, today announced its audited consolidated financial results for Fiscal 2023.

Key Points: 
  • Results noted herein are for the 13-week period ("2023 Q4”) and the 52-week period ("Fiscal 2023”) ended December 31, 2023.
  • The comparisons reported in this press release compare 2023 Q4 to the 13-week period ("2022 Q4") and Fiscal 2023 to the 53-week period ("Fiscal 2022") ended January 1, 2023.
  • Comparisons and comments are also made to the 13-week period (“2023 Q3”) ended October 1, 2023.
  • NFI generated $19 million in cash flows from working capital in the fourth quarter as higher vehicle deliveries lowered finished goods and work-in-progress inventory.

Joint Electric Truck Scaling Initiative (JETSI) Partners Celebrate Milestone as NFI Deploys 50 Zero-Emission Trucks and Powers Up Electric Charging Depot

Retrieved on: 
Martedì, Febbraio 27, 2024
Marketing, Port, Transport, NFI, Daimler Truck North America, History, Public, EPA, CARB, Volvo Trucks, Movement, Investment, Volvo, Environment, Travel

Ontario, California, Feb. 27, 2024 (GLOBE NEWSWIRE) -- Today, partners of the Joint Electric Truck Scaling Initiative (JETSI) proudly announce a significant achievement in sustainable transportation.

Key Points: 
  • Ontario, California, Feb. 27, 2024 (GLOBE NEWSWIRE) -- Today, partners of the Joint Electric Truck Scaling Initiative (JETSI) proudly announce a significant achievement in sustainable transportation.
  • JETSI project partner, NFI, a leading North American third-party supply chain solutions provider, has officially received all 50 Class 8 battery-electric trucks funded through the project—including 30 Freightliner eCascadia trucks and 20 Volvo VNR Electric trucks.
  • "NFI is committed to driving innovation and sustainability in the logistics and trucking industries," said Brian Webb, president of port services, NFI.
  • "Daimler Truck North America congratulates NFI on the successful deployment of Freightliner eCascadia trucks as part of the JETSI project.