NFI Group's New Flyer Secures Major Bus Contract in Metro Area
NFI Group's New Flyer Receives Major Contract from Metro
NFI Group Inc. (TSX: NFI) is excited to announce a major contract awarded to its subsidiary, New Flyer of America Inc. This contract includes provisions for up to 500 zero-emission buses, marking a significant step in sustainable public transit solutions.
Details of the Contract
This noteworthy contract consists of a firm order for 75 Xcelsior hybrid-electric buses, each 40 feet in length, alongside 25 Xcelsior CHARGE NG 35-foot battery-electric buses, and options for an additional 400 buses. This initiative is part of New Flyer’s ongoing commitment to enhancing public transit with eco-friendly options.
Improving Public Transit Across the Region
The Washington Metropolitan Area Transit Authority is responsible for transit operations serving over six million residents within its jurisdiction. With a fleet of 1,500 buses operating 24/7, the Authority continues to ensure efficient transit services. NFI is proud to contribute to this vital service with advanced, low- and zero-emission vehicles.
Collaborative History Between New Flyer and Metro
"New Flyer has had a fruitful partnership with Metro for over three decades," commented Chris Stoddart, President of North American Bus and Coach at NFI. The new contract represents a continued investment in cutting-edge bus technologies that support the health of the environment, while also considering economic factors like bonding and payment schedules. This equilibrium is essential for addressing potential supply chain hurdles and ensuring continuity in service delivery.
NFI's Role in Sustainable Mobility
NFI has established itself as a leader in the zero-emission bus sector, with electric vehicles currently operational or on order in over 150 cities spanning six countries. With more than 220 million electric vehicle service miles completed, NFI is committed to supporting urban environments with sustainable mobility solutions.
Commitment to Technology and Infrastructure
NFI Goup’s expansive mobility solution ecosystem includes not just high-quality buses but also infrastructure support, parts, and services vital for the maintenance of these technologies. The company also provides workforce training via its Vehicle Innovation Center (VIC), a groundbreaking initiative that has engaged thousands of professionals since its launch in 2017.
Innovating for Future Transit Needs
By advancing the conversation around electric buses and sustainable transit, NFI is helping to reshape how urban areas approach mobility. It offers an extensive lineup of vehicles under its various brand names, including New Flyer, MCI, and Alexander Dennis, totaling over 100,000 buses and coaches in service worldwide.
Conclusion: A Sustainable Future Ahead
With an experienced workforce of over 9,100 employees across ten countries, NFI is set to meet the evolving demands of public transport. As transit authorities, cities, and individuals increasingly prioritize sustainable solutions, contracts like the one with Metro will pave the way for a cleaner, more efficient transit future.
Frequently Asked Questions
What type of buses is NFI Group providing for Metro?
NFI Group is supplying a mix of hybrid and battery-electric buses as part of the contract with Metro.
How many buses are included in the contract?
The contract includes a firm order of 100 buses, with options for up to 400 additional units.
How long has New Flyer been working with Metro?
New Flyer has had a partnership with the Washington Metropolitan Area Transit Authority for over thirty years.
What are some benefits of the new buses?
The new buses will reduce emissions and improve environmental conditions while offering efficient public transport solutions.
Where can I find more information about NFI's initiatives?
For more information on NFI's mobility solutions and their impact, visit their official website at nfigroup.com.
About The Author
Contact Ryan Hughes privately here. Or send an email with ATTN: Ryan Hughes as the subject to contact@investorshangout.com.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.