North American Bus Industries

NFI Announces Chief Financial Officer Transition

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Thursday, February 8, 2024

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WINNIPEG, Manitoba, Feb. 08, 2024 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (“NFI” or the “Company”), a leading independent global bus and coach manufacturer and a leader in electric mass mobility solutions, announced today that Brian Dewsnup has been appointed as Executive Vice President and Chief Financial Officer (“CFO”) of the Company, effective March 1, 2024.

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WINNIPEG, Manitoba, Feb. 08, 2024 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (“NFI” or the “Company”), a leading independent global bus and coach manufacturer and a leader in electric mass mobility solutions, announced today that Brian Dewsnup has been appointed as Executive Vice President and Chief Financial Officer (“CFO”) of the Company, effective March 1, 2024.
Pipasu will support the transition and smooth handover to Brian through the second quarter of 2024.
Brian subsequently held several positions with NFI, including Executive Vice President of Business Development and then President of NFI Parts.
“I’m very excited to have Brian become our next Chief Financial Officer,” said NFI President and Chief Executive Officer Paul Soubry.

NFI announces significant order for up to 210 high-performance New Flyer Xcelsior® buses for Houston’s METRO

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Thursday, October 5, 2023

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ST. CLOUD, Minn., Oct. 05, 2023 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (NFI), a leading independent bus and motor coach manufacturer and a leader in zero-emission electric mobility solutions, today announced that NFI subsidiary New Flyer of America (New Flyer), has been awarded a new two-year contract from Houston Metropolitan Transit Authority (METRO) for 160 Xcelsior® 40-foot clean-diesel transit buses with options to purchase up to 50 additional buses. With this large order, NFI will add up to 210 buses to its backlog in the third quarter of 2023 for firm and option orders.

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With this large order, NFI will add up to 210 buses to its backlog in the third quarter of 2023 for firm and option orders.
“Since 1991, NFI has delivered over 1,765 vehicles to METRO, including New Flyer buses and MCI motor coaches, providing Houston communities with efficient, safe, and reliable transportation.
Building on over 30 years of partnership, NFI continues to support METRO with our advanced mobility solutions,” said Chris Stoddart, President, North American Bus and Coach, NFI.
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 battery pack supply agreement with American Battery Systems, increasing the resiliency of NFI’s North American battery supply chain

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Wednesday, October 4, 2023

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Our partnership with ABS will provide NFI with the capacity, flexibility, and resiliency we need as we ramp up production at our facilities across North America,” said Chris Stoddart, President, North American Bus and Coach, NFI.

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Our partnership with ABS will provide NFI with the capacity, flexibility, and resiliency we need as we ramp up production at our facilities across North America,” said Chris Stoddart, President, North American Bus and Coach, NFI.
“ABS has made significant investments in their pack assembly and battery technology, providing us with industry leading solutions.
ABS will act as a second battery supplier to NFI, and will support NFI’s significant battery-electric production ramp-up planned for 2024 and 2025.
The packages designed for NFI utilize NMC cells sourced from one of the world’s leading battery cell manufacturers, with cell volume secured through a multi-year supply agreement.

NFI powers Austin’s CapMetro fleet electrification with 26 New Flyer zero-emission Xcelsior CHARGE NG™ buses

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Monday, September 18, 2023

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Originally announced in November 2021, the contract includes up to 126 40-foot and up to 15 60-foot battery-electric buses.

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Originally announced in November 2021, the contract includes up to 126 40-foot and up to 15 60-foot battery-electric buses.
NFI added a firm order for the 26 40-foot electric vehicles (EVs) to its backlog in the second quarter of 2023.
CapMetro is Austin Texas’ public transportation provider, with over 20 million annual boardings through bus, paratransit, and commuter rail services.
“Our partnership with CapMetro spans over 25 years, and, during this time, New Flyer has delivered more than 300 buses.

NFI delivers strongest FTA Low-No and Buses and Bus Facilities grant performance ever, as named partner on more than $200 million in grants

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Thursday, September 7, 2023

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This is New Flyer’s best Low-No and BBF performance to date and shows significant improvement over the $41 million in grants from 2021 and the nearly $200 million in grants from 2022.

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This is New Flyer’s best Low-No and BBF performance to date and shows significant improvement over the $41 million in grants from 2021 and the nearly $200 million in grants from 2022.
“New Flyer’s unique ability to deliver multiple propulsion systems on the same bus platform provides transit agencies with the most available low- and no- emission options of any bus manufacturer.
The FTA Low-No Grant Program is a competitive application program introduced in 2015 that exists to support the U.S. transition to low- and zero-emission public transit fleets.
Funding can be used to purchase or lease low- and zero-emission buses, including acquiring, constructing, and leasing the necessary charging infrastructure and facilities.

Central Ohio Transit Authority awards NFI subsidiary New Flyer additional order for 26 long-range zero-emission buses

Retrieved on:

Friday, July 21, 2023

ST. CLOUD, Minn., July 21, 2023 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (“NFI”), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions, today announced that its subsidiary New Flyer of America Inc. (“New Flyer”) received a new order from Central Ohio Transit Authority (“COTA”) for 26 zero-emission, battery-electric Xcelsior CHARGE NG™ 40-foot transit buses. The vehicles, purchased off the Washington State Department of Enterprise Services contract, have been added to the company’s backlog in the second quarter of 2023.

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CLOUD, Minn., July 21, 2023 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (“NFI”), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions, today announced that its subsidiary New Flyer of America Inc. (“New Flyer”) received a new order from Central Ohio Transit Authority (“COTA”) for 26 zero-emission, battery-electric Xcelsior CHARGE NG™ 40-foot transit buses.
The order for additional zero-emission buses follows COTA’s previous purchase of 14 battery-electric Xcelsior CHARGE NG transit buses, announced in January 2023.
These new zero-emission buses will help COTA meet the growing mobility demand in the Central Ohio region and deliver on the agency's sustainability commitments.
“NFI has delivered 190 transit buses to COTA since 2001, including the agency's first battery-electric bus in 2021.

Miami-Dade Transit awards NFI a contract for 100 zero-emission, high-capacity New Flyer buses and associated charging infrastructure

Retrieved on:

Friday, June 23, 2023

These buses were added to NFI’s backlog in the first quarter of 2023.

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These buses were added to NFI’s backlog in the first quarter of 2023.
MTD is one of the largest transit systems in the United States, delivering more than 36 million annual passenger trips.
NFI Infrastructure Solutions is a service dedicated to providing safe and reliable infrastructure services for smart, sustainable mobility projects, with more than 390 chargers installed to date.
Since opening in late 2017, the VIC has hosted over 350 interactive events, welcoming 7,000 industry professionals for EV and infrastructure training.

Toronto Transit Commission awards NFI contract for up to 621 New Flyer battery-electric heavy-duty transit buses

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Monday, June 5, 2023

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WINNIPEG, Manitoba, June 05, 2023 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (“NFI”), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions, today announced that the Toronto Transit Commission (“TTC”) has awarded its subsidiary New Flyer Industries Canada ULC (“New Flyer”) a new five-year contract for 40-foot battery-electric buses. The total contract includes a firm order for 186 Xcelsior CHARGE NG™ heavy-duty transit buses, as well as the option for TTC to purchase up to an additional 435 of the same buses, for a total potential order of 621 buses over the duration of the contract.

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NFI added 261 buses to the company’s backlog in the first quarter of 2023 based on TTC’s initial base firm and option order.
In total, TTC awarded New Flyer 60% of this initial procurement, the highest award to any manufacturer.
The contract also includes options for other agencies in Ontario to enter into their own agreements with New Flyer for up to 550 buses over four years.
That four-year contract includes options for up to an additional 263 40-foot hybrid-electric buses and 100 60-foot buses, respectively.

Phoenix Public Transit Department awards NFI contracts for up to 346 New Flyer low- and zero-emission vehicles

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Thursday, May 25, 2023

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The two five-year contracts include options to purchase up to 160 fuel cell-electric and 160 hybrid-electric transit buses in 40-foot lengths.

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The two five-year contracts include options to purchase up to 160 fuel cell-electric and 160 hybrid-electric transit buses in 40-foot lengths.
In total, NFI added up to 346 low- and zero-emission buses to its backlog in the first quarter of 2023 from firm and option orders.
This purchase of low- and zero-emission buses will deliver on PTD's Transportation 2050 plan, focused on extending the bus service to enhance transit connectivity across Phoenix.
NFI is a leader in zero-emission mobility, with electric vehicles operating (or on order) in more than 130 cities in six countries.

NFI receives third zero-emission contract from RTC, for up to 107 New Flyer fuel cell-electric buses, expanding sustainable, high-capacity mobility in Southern Nevada

Retrieved on:

Friday, April 28, 2023

ST. CLOUD, Minn., April 28, 2023 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (“NFI”), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions, today announced that the Regional Transportation Commission of Southern Nevada (“RTC”) has awarded its subsidiary New Flyer of America Inc. (“New Flyer”) a new contract for zero-emission vehicles. This is RTC’s third zero-emission contract with NFI.

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This is RTC’s third zero-emission contract with NFI.
In total, NFI added up to 107 buses (214 EUs) to its first-quarter 2023 backlog from firm and option orders.
RTC is a regional entity overseeing public transportation, traffic management, and roadway design and construction funding for Southern Nevada.
NFI is a leader in zero-emission mobility, with electric vehicles operating (or on order) in more than 120 cities in six countries.