ST. CLOUD, MN, Feb. 26, 2019 /CNW/ - (TSX: NFI) New Flyer of
America Inc. ("New Flyer"), a U.S. subsidiary of NFI Group Inc.
("NFI"), the largest transit bus and motor coach manufacturer in
North America, today announced
that the New Jersey Transit Corporation ("NJ TRANSIT") has awarded
New Flyer a contract for up to 170, sixty-foot, clean diesel
Xcelsior® heavy-duty transit buses, with firm orders of
85 buses to be delivered in 2019 and 2020, and options to purchase
up to an additional 85 buses (for a total of up to 340 equivalent
units or "EUs").
NJ TRANSIT is America's third largest provider of bus,
rail, and light rail transit, operating and contracting bus
services in the New Jersey,
New York City, and Philadelphia regions delivering over 270
million passenger trips per year. The award to New Flyer will allow
NJ TRANSIT to retire its existing fleet of articulated transit
buses that have been in revenue service for more than 15
years.
NJ TRANSIT currently operates over 1,000 transit buses
manufactured by North American Bus Industries ("NABI") in
Anniston, AL which was acquired by
New Flyer in 2013. In addition, NFI subsidiary Motor Coach
Industries ("MCI") has proudly served NJ TRANSIT since 1983, having
delivered 2,909 high floor commuter coaches by 2015. In that same
year, MCI was awarded a new six-year contract for a total potential
quantity of 1,222 fully-accessible, ADA compliant commuter coaches
of which 473 have been delivered to date.
MCI provides field service for the coaches from its service
center located in Blackwood, New
Jersey and spare parts support from the NFI Parts
distribution center in East Brunswick,
New Jersey.
"Our goal is to provide reliable high-capacity vehicles that NJ
Transit can rely on for safe, on-time service," said Chris Stoddart, President, New Flyer. "We are
honored to have been selected by NJ TRANSIT to provide service
alongside other buses from the NFI portfolio."
New Flyer has been leading innovation in public transit buses
for over 85 years. In 2017, it opened the Vehicle Innovation
Center, the first and only innovation lab of its kind dedicated to
advancing bus and coach technology, and in 2018 became the first
bus manufacturer in the world to sign on to the Shared Mobility
Principles for Livable Cities. It is the only provider of full
suite bus solutions in North
America, offering transit buses, motor coaches, and
low-floor cutaway buses.
About NFI
With over 6,100 team members, operating from 31 facilities
across Canada and the United States, NFI is North America's largest bus manufacturer
providing a comprehensive suite of mass transportation solutions
under brands: New Flyer® (heavy-duty transit buses),
ARBOC® (low-floor cutaway and medium-duty buses),
MCI® (motor coaches), and NFI Parts™ (parts, support,
and service). NFI buses incorporate the widest range of drive
systems available including: clean diesel, natural gas,
diesel-electric hybrid, and zero-emission electric (trolley,
battery, and fuel cell) on proven bus platforms. It also supports
infrastructure development through New Flyer Infrastructure
Solutions™, a service dedicated to providing safe and reliable
charging and mobility solutions. In total, NFI supports over 74,000
buses and coaches currently in service across North America. For the fiscal year ended
December 31, 2017, NFI posted
revenues of US $2.4 billion. NFI
common shares are traded on the Toronto Stock Exchange under the
symbol NFI. News and information are available at
www.nfigroup.com.
About New Flyer
New Flyer is North America's
heavy-duty transit bus leader and offers the most advanced product
line under the Xcelsior® and Xcelsior CHARGE™ brands. It
also offers infrastructure development through New Flyer
Infrastructure Solutions™, a service dedicated to providing safe,
sustainable, and reliable charging and mobility solutions. New
Flyer actively supports over 41,000 heavy-duty transit buses (New
Flyer, NABI, and Orion) currently in service, of which 7,300 are
powered by electric motors and battery propulsion and 1,600 are
zero-emission. Further information is available at
www.newflyer.com.
About MCI
Motor Coach Industries (MCI) is North
America's public and private market motor coach leader,
building the J4500 (the industry best-seller for 13 consecutive
years), the all-new 35-foot J3500 model, and the workhorse D-Series
including the breakthrough ADA-accessible MCI D45 CRT LE Commuter
Coach offering lower dwell times. MCI will add battery-electric
propulsion in 2020. With nearly 30,000 MCI coaches on the road, MCI
also provides maintenance, repair, 24-hour roadside assistance,
parts supply through NFI Parts, and technician training through the
industry's only Automotive Service Excellence (ASE) accredited MCI
Academy. Further information is available at
www.mcicoach.com.
Forward-Looking Statements
This press release may contain forward-looking statements
relating to expected future events and financial and operating
results of 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, the 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.
SOURCE New Flyer of America Inc.