New Jersey awards NFI subsidiary New Flyer a contract for up to 1,300 Xcelsior® Transit Buses



ST. CLOUD, Minn., May 13, 2024 (GLOBE NEWSWIRE) —

(TSX:NFI, OTC:NFYEF, TSX:NFI) — 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 Inc. (New Flyer), has been awarded a contract from the New Jersey Transit Corporation (NJ TRANSIT) for the purchase of up to 1,300 Xcelsior® 40-foot clean-diesel transit buses.

This contract is pursuant to the November 2023 NJ TRANSIT Board authorization for NJ TRANSIT to enter into contracts for 550 40-foot transit buses and options to purchase up to 750 additional 40-foot transit buses. New Flyer has received an initial firm order for 175 buses from NJ TRANSIT with the option to purchase up to 1,125 additional 40-foot buses. New Flyer added this award, both firm orders and options, to its backlog in the first quarter of 2024.

“The Xcelsior buses included in this contract are not only lighter, quieter, and more efficient than previous models, they also offer enhanced safety and accessibility features that make for a better overall rider experience,” said Chris Stoddart, President, North American Bus and Coach, NFI. “These new buses will play a key role in delivering the essential transportation services NJ TRANSIT provides to their riders every day.”

NJ TRANSIT is the largest statewide public transit system in the United States. It serves as a major point of connection across the entire state of New Jersey, with additional reach to New York City, Philadelphia, and the surrounding areas. In 2023, the agency provided more than 209 million passenger trips, with more than 60% of that ridership coming from bus trips. The new high-performance buses included in this order will be used to replace …

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