NFI

NFI Continues Expansion and Commitment to Canada

Retrieved on: 
Tuesday, March 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: 
Wednesday, March 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: 
Monday, March 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: 
Thursday, February 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: 
Tuesday, February 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.

NFI subsidiary Alexander Dennis’ next-gen Enviro400EV confirmed as the most efficient battery-electric double-decker tested via Zemo in the UK

Retrieved on: 
Monday, February 26, 2024
Baron Zemo, EV, Millbrook Proving Ground, OTC, TSX, European emission standards, NFI, City, Decker, Scottish, ZEBRA, Rail transport

LARBERT, United Kingdom, Feb. 26, 2024 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (NFI or the Company), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions, subsidiary Alexander Dennis Limited (Alexander Dennis) today announced that its next-generation Enviro400EV electric double decker has completed the Zemo Partnership’s zero-emission bus testing and certification program.

Key Points: 
  • The work, which was undertaken at UTAC’s approved test facility at Millbrook Proving Ground, confirms an average energy consumption of just 0.67kWh/km across the UK Bus Cycle.
  • This makes the next-generation Enviro400EV the most efficient battery-electric double decker tested to Zemo Partnership standards to date, delivering a 10% efficiency advantage over competitors’ vehicles of comparable battery size.
  • The UK Bus Cycle represents a mix of common operating conditions with separate phases modelled on inner urban, outer urban and rural routes.
  • NFI offers the widest range of zero-emission battery and fuel cell-electric buses and coaches, and its vehicles have completed over 150 million EV service miles.

California’s Foothill Transit to add 12 Enviro500EV double deck zero-emission buses from NFI subsidiary Alexander Dennis

Retrieved on: 
Tuesday, February 20, 2024
Acquisition, Silver, Buy, EV, Foothill Transit, The Silver Streak, OTC, TSX, Transport, NFI, New Flyer Xcelsior, Buy America Act, City, New Flyer, Silver Streak

LARBERT, United Kingdom, Feb. 20, 2024 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (NFI or the Company), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions, subsidiary Alexander Dennis Limited (Alexander Dennis) today announced it has been awarded a contract to build 12 new battery-electric Enviro500EV double deck buses for California customer Foothill Transit.

Key Points: 
  • LARBERT, United Kingdom, Feb. 20, 2024 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (NFI or the Company), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions, subsidiary Alexander Dennis Limited (Alexander Dennis) today announced it has been awarded a contract to build 12 new battery-electric Enviro500EV double deck buses for California customer Foothill Transit.
  • Committed to innovation and sustainability, Foothill Transit strives to provide reliable and eco-friendly transportation solutions for the communities it serves.
  • Its flagship Silver Streak route to downtown Los Angeles will be further upgraded in 2026 with the 12 new electric double deckers.
  • We are proud to partner with Alexander Dennis to bring these cutting-edge double deck electric buses to our communities.

Accordant ODCE Index Fund added to Leading RIA Custodian Platforms

Retrieved on: 
Thursday, February 22, 2024
Finance, Other Construction & Property, Professional Services, Commercial Building & Real Estate, Construction & Property, Fidelity, NFI, Financial services

Accordant Investments LLC (“Accordant”) has announced that the Accordant ODCE Index Fund (ticker: ODCEX), the first ever private real estate index fund, is now available on four of the largest registered investment adviser custodian platforms: Schwab Advisor Services™, Fidelity Investments®, Pershing, and Matrix Trust Company.

Key Points: 
  • Accordant Investments LLC (“Accordant”) has announced that the Accordant ODCE Index Fund (ticker: ODCEX), the first ever private real estate index fund, is now available on four of the largest registered investment adviser custodian platforms: Schwab Advisor Services™, Fidelity Investments®, Pershing, and Matrix Trust Company.
  • ODCEX is a fully registered interval fund with a patented indexing investment approach that seeks to track the NFI-ODCE Index.
  • The NFI-ODCE Index is considered to be the most comprehensive benchmark for U.S. core private real estate, similar to what the S&P 500 is for the largest publicly traded stocks.
  • ODCEX was built with advisers and investors in mind and strives to remove many of the typical hurdles to investing in private real estate.

AgriBank Reports Fourth Quarter 2023 and Year-End Financial Results

Retrieved on: 
Friday, March 1, 2024
Livestock, Weather, Poultry, Investment, Risk management, Growth, NFI, Government, Projection, AgriBank, Economic Research Service, ROA, USDA, Bank

ST. PAUL, Minn., March 1, 2024 /PRNewswire/ -- Today, St. Paul-based AgriBank announced financial results for the fourth quarter and full year of 2023, with strong profitability, credit quality, and liquidity and capital.

Key Points: 
  • ST. PAUL, Minn., March 1, 2024 /PRNewswire/ -- Today, St. Paul-based AgriBank announced financial results for the fourth quarter and full year of 2023, with strong profitability, credit quality, and liquidity and capital.
  • Credit quality: Total loan portfolio credit quality remained strong, with 99.4 percent of loans classified as acceptable at December 31, 2023.
  • "We are pleased to report that AgriBank completed the year with strong financial performance, which reflects the effectiveness of our business model and the Farm Credit lenders we support," said Jeffrey Swanhorst, AgriBank chief executive officer.
  • Total loans were $148.7 billion at December 31, 2023, an increase of $15.3 billion, or 11.4 percent, compared to December 31, 2022.

NFI schedules fourth quarter and full year 2023 financial results and conference call for February 29, 2024

Retrieved on: 
Thursday, February 15, 2024
OTC, TSX, NFI, Webcast

A conference call for analysts and interested listeners will be held on February 29, 2024, at 8:30 a.m. Eastern Time (ET).

Key Points: 
  • A conference call for analysts and interested listeners will be held on February 29, 2024, at 8:30 a.m. Eastern Time (ET).
  • An accompanying results presentation will be available prior to market open on February 29, 2024, at www.nfigroup.com .
  • For attendees who wish to join by webcast, registration is not required; the event can be accessed at https://edge.media-server.com/mmc/p/rkdhw7si .
  • 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.