ST. CLOUD, MN, Nov. 28, 2017
/CNW/ - (TSX: NFI) New Flyer of America Inc. ("New Flyer"),
the U.S. subsidiary of New Flyer Industries Inc. ("NFI Group"), the
largest transit bus and motor coach manufacturer and parts
distributor in North America,
today announced that the Greater Portland Transit District
("METRO") has ordered for five Xcelsior® compressed
natural gas (CNG) forty-foot, heavy-duty transit buses, and six
Xcelsior clean diesel forty-foot, heavy-duty transit buses.
The new order, which adds a total of 11 equivalent units to New
Flyer's backlog, supports METRO's aged fleet replacement with
diesel buses, as well as planned fleet expansion with CNG buses to
support the growing Portland
community.
The Greater Portland region has
experienced steady growth since 2010, with Portland named by Forbes as one of America's
20 Fastest Growing Cities1. Throughout 2017, a citywide
planning board developed the Portland Plan 2030, which works toward
an integrated, sustainable, dynamic, equitable, diverse, and
connected city by 2030. A separate initiative by the City of Portland delivered a 2035
Comprehensive Plan for long‐range land use and public facility
investment, specifically identifying transportation goals of
safety, interconnectedness, environmental sustainability, equitable
access, positive health outcomes, and effective daily access. The
new plan will take effect January 1,
2018.
"We are proud to support the Greater Portland Transit District
as it grows in size and vitality, with more Americans choosing the
Portland region as a competitive
and sustainable place to live and work," stated Wayne Joseph, President, New Flyer of America.
"We are committed to helping METRO achieve its goals of safe and
sustainable public transit, as it pursues achievement of a
progressive, innovative, and long-term vision for
transportation."
The Greater Portland Transit District (METRO) is a regional
public transportation system in Southern Maine, serving the
communities of Brunswick,
Falmouth, Freeport, Portland, South
Portland, Westbrook and
Yarmouth. It is Maine's largest public transportation agency,
serving nearly two million riders per year.
NFI Group employs more American workers than any other transit
bus manufacturer in North
America.
About NFI Group
NFI Group is the largest transit bus and motor coach
manufacturer and parts distributor in North America, with 31 fabrication,
manufacturing, distribution, and service centers across
Canada and the U.S. employing over
5,800 team members.
It is North America's
heavy-duty transit bus leader and offers the largest transit bus
product line under the brand Xcelsior®, incorporating
the broadest range of drive systems available, including: clean
diesel, natural gas, diesel-electric hybrid, trolley-electric, and
battery-electric. NFI Group actively supports over 44,000
heavy-duty transit buses (New Flyer, NABI, and Orion) currently in
service, of which 6,400 are powered by electric and battery
propulsion.
NFI Group is also North
America's motor coach market leader offering the Motor Coach
Industries Inc. (MCI) J-Series, the industry's best-selling
intercity coach for 11 consecutive years, and the MCI D-Series, the
industry's best-selling motor coach line in North American history.
MCI is also the exclusive distributor of Daimler's Setra S 417 and
S 407 motor coaches in the United
States and Canada. MCI
actively supports over 28,000 coaches currently in service.
NFI Group also operates North
America's most comprehensive parts organization, NFI Parts™,
providing parts, technical publications, training, and support for
its OEM product lines (transit buses and motor coaches). All buses
and coaches are also supported by an industry-leading comprehensive
warranty, service, and support network.
Further information is available on NFI Group websites at
www.newflyer.com and www.mcicoach.com. The common shares of the NFI
Group are traded on the Toronto Stock Exchange under the symbol
NFI.
Forward-Looking Statements
This press release may contain forward-looking statements
relating to expected future events and financial and operating
results of the NFI Group that involve risks and uncertainties.
Although the forward-looking statements contained in this press
release are based upon what management believes to be reasonable
assumptions, investors cannot be assured that actual results will
be consistent with these forward-looking statements, and the
differences may be material. Actual results may differ materially
from management expectations as projected in such forward-looking
statements for a variety of reasons, including market and general
economic conditions and economic conditions of and funding
availability for customers to purchase buses and to purchase parts
or services, customers may not exercise options to purchase
additional buses, the ability of customers to suspend or terminate
contracts for convenience and the other risks and uncertainties
discussed in the materials filed with the Canadian securities
regulatory authorities and available on SEDAR at www.sedar.com. Due
to the potential impact of these factors, NFI Group disclaims any
intention or obligation to update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise, unless required by applicable law.
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https://www.forbes.com/pictures/mhj45mhlf/10-portland-or/#7a80d5e1560b
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SOURCE New Flyer of America Inc.