Cashu Logo
HomeWatchlistNewsSignalsPicks
DJI
-0.10%
SPX
-0.03%
IXIC
+0.13%
FTSE
-0.58%
N225
-0.10%
AXJO
-0.20%
Cashu Logo
Log In
HomeWatchlistNewsSignalsPicks
Join our newsletter to keep up to date with us!
Cashu Logo Alt
Cashu is the #1 way to stay ahead of the markets, know why your favourite stocks are moving and access valuation signals that smash the market.

Company

  • About Us
  • Careers
  • Blog
  • News

Help & Support

  • Help Center
  • Contact Us
  • Pro Support

Legal

  • Privacy Policy
  • Terms of Use
InstagramYouTube

© 2024 Cashu PTY LTD.

NFI Group Inc. Wins Major NJ TRANSIT Contract for 750 Clean-Diesel Buses

publisher logo
Cashu
1 day ago
Cashu TLDR
  • NFI Group Inc. secures a contract with NJ TRANSIT for up to 750 clean-diesel buses, enhancing transit solutions.
  • The initial order includes 200 buses, with deliveries starting in 2026 and options for 550 additional buses.
  • This contract marks a significant step in modernizing NJ TRANSIT's fleet and improving operational efficiency.
nfi.to Logo
NFI.TO
NFI Group Inc
0.69%

NFI Group Secures Major Contract with NJ TRANSIT for Clean-Diesel Buses

NFI Group Inc., a leader in propulsion-agnostic bus and coach mobility solutions, solidifies its position in the transit industry with a significant contract announced through its subsidiary, New Flyer of America Inc. The company partners with New Jersey Transit Corporation (NJ TRANSIT) for the procurement of up to 750 Xcelsior® 60-foot clean-diesel transit buses, translating to 1,500 equivalent units (EUs). The initial firm order includes 200 buses (400 EUs), with deliveries expected to commence in 2026, and offers options for an additional 550 buses (1,100 EUs). This contract ranks among the largest clean-diesel bus procurements in NFI's history, underscoring the company's commitment to advancing reliable, high-capacity transit solutions.

The partnership with NJ TRANSIT is particularly significant, as the agency serves over 225 million passenger trips annually and operates a fleet of more than 3,500 vehicles. By incorporating these new Xcelsior buses, NJ TRANSIT aims to replace its aging fleet, enhancing service reliability and operational efficiency. The Xcelsior models are specifically designed for high-demand urban environments, equipped with advanced emissions control systems and utilizing ultra-low sulfur diesel fuel to minimize environmental impact. Chris Stoddart, President of New Flyer, highlights the importance of this ongoing collaboration, which is expected to significantly modernize NJ TRANSIT's services.

Kris Kolluri, President and CEO of NJ TRANSIT, emphasizes that this procurement represents a crucial step towards achieving a fully modernized bus fleet by 2031. The new buses promise not only to improve operational efficiency but also to enhance comfort and accessibility for passengers. As NFI Group continues to support transit agencies in their modernization efforts, this contract reinforces its dedication to delivering innovative mobility solutions that address the evolving needs of public transportation.

In addition to the NJ TRANSIT contract, NFI Group remains focused on expanding its range of propulsion-agnostic solutions to meet diverse market demands. The company’s strategic initiatives aim to reduce the carbon footprint of public transportation while ensuring that transit systems can adapt to changing passenger expectations.

As NFI Group navigates the complexities of the transit industry, its commitment to providing advanced mobility solutions positions it as a key player in the ongoing transformation of public transportation systems across North America.

The content provided here is for informational purposes only and should not be considered financial or investment advice. Investing in stocks carries risks, including potential loss of principal. Always do your own research and consult with a licensed financial advisor before making any investment decisions. We are not responsible for any losses or damages resulting from your use of this information.

More News

Feature in Progress
This section is under development. Check back soon for updates!