Latest news with #NFIGroup
Yahoo
09-07-2025
- Business
- Yahoo
NFI subsidiary New Flyer receives significant order from Ottawa-Carleton's OC Transpo for 124 Xcelsior Charge NG™ buses
WINNIPEG, Manitoba, July 09, 2025 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI Group Inc. (NFI) a leader in propulsion-agnostic bus and coach mobility solutions, subsidiary New Flyer Industries Canada ULC (New Flyer), today announced a significant order from OC Transpo, in Ottawa. The order includes 124 Xcelsior CHARGE NG™ 40-foot battery-electric transit buses, further advancing OC Transpo's commitment to fleet electrification and sustainable transit. This order is an option off New Flyer's 2023 agreement with the Toronto Transit Commission and was part of New Flyer's first-quarter 2025 backlog. 'With over 1,100 New Flyer buses delivered to OC Transpo over the past 35 years, New Flyer is positioned to continue to shape the future of public transit in Canada's capital with our next-generation electric solutions,' said Chris Stoddart, President, North American Bus and Coach, NFI. 'This follow-up order from OC Transpo highlights our commitment to ensuring competitive delivery timelines so that transit riders can access the new fleet in 2026.' These new buses build on OC Transpo's initial order of 51 Xcelsior CHARGE NG buses, placed in late 2023—bringing the agency's total investment in New Flyer's electric bus platform to 175 vehicles. The purchase is funded through a combination of local investment and federal support from the Canada Infrastructure Bank and Housing, Infrastructure and Communities Canada's (HICC) Zero Emission Transit Fund (ZETF). OC Transpo's network of buses and the O-Train system plays a vital role in connecting communities across Ottawa, Ontario, and Gatineau, Quebec. This order marks another major step in delivering cleaner, quieter, and more efficient public transportation to riders across the National Capital Region. About NFI Leveraging 450 years of combined experience, NFI is leading the electrification of mass mobility around the world. With zero-emission buses and coaches, infrastructure, and technology, NFI meets today's urban demands for scalable smart mobility solutions. Together, NFI is enabling more livable cities through connected, clean, and sustainable transportation. With nearly 9,000 team members in ten countries, NFI is a leading global bus manufacturer of mass mobility solutions under the brands New Flyer® (heavy-duty transit buses), MCI® (motorcoaches), Alexander Dennis Limited (single- and double-deck buses), Plaxton (motorcoaches), ARBOC® (low-floor cutaway and medium-duty buses), and NFI Parts™. NFI currently offers the widest range of sustainable drive systems available, including zero-emission electric (trolley, battery, and fuel cell), natural gas, electric hybrid, and clean diesel. In total, NFI supports its installed base of over 100,000 buses and coaches around the world. NFI's common shares trade on the Toronto Stock Exchange (TSX) under the symbol NFI and its convertible unsecured debentures trade on the TSX under the symbol News and information is available at and 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 NFI Infrastructure Solutions™, a service dedicated to providing safe, sustainable, and reliable charging and mobility solutions. New Flyer actively supports over 35,000 heavy-duty transit buses (New Flyer, NABI, and Orion) currently in service, of which 8,600 are powered by electric motors and battery propulsion and 1,900 are zero-emission. Further information is available at Forward-Looking Statement This press release may contain forward-looking statements relating to expected future events and financial and operating results of NFI 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 (including as a result of tariffs and other trade measures) and economic conditions of and funding availability for customers to purchase buses and to purchase parts or services (including as a result of recent U.S. policy developments); customers may not exercise options to purchase additional buses; the ability of customers to suspend or terminate contracts for convenience; production may be delayed or production rates may be decreased as a result of ongoing and future supply chain disruptions and shortages of parts and components, shipping and freight delays, and disruption to and shortage of labor supply; and the other risks and uncertainties discussed in the materials filed with the Canadian securities regulatory authorities and available on SEDAR at Due to the potential impact of these factors, NFI 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. For media inquiries, please contact: Melissa Schnee P: 385.910.6861 Melissa_Schnee@ For investor inquiries, please contact: Stephen King P: 204.792.1300 A photo accompanying this announcement is available at
Yahoo
30-06-2025
- Business
- Yahoo
NFI schedules second quarter 2025 financial results and conference call
WINNIPEG, Manitoba, June 30, 2025 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI Group Inc. (NFI or the Company) a leader in propulsion-agnostic bus and coach mobility solutions, today announced it intends to release its second quarter 2025 financial results on Thursday, July 31, 2025 after market close, with a conference call and webcast to discuss the results on Friday, August 1, 2025, at 8:30 a.m. (Eastern Time, ET). For attendees who wish to join by webcast, registration is not required; the event can be accessed at NFI encourages attendees to join via webcast as a results presentation will be presented and users can also submit questions to management through the platform. The results presentation will be available at Attendees who wish to join by phone must visit the following link and pre-register: An email will be sent to the user's registered email address, which will provide the call-in details. Due to the possibility of emails being held up in spam filters, we highly recommend that attendees wishing to join via phone register ahead of time to ensure receipt of their access details. A replay of the call will be accessible from about 12:00 p.m. ET on August 1, 2025, until 11:59 p.m. ET on August 1, 2026, at materials will also be available on NFI's website at About NFI Leveraging 450 years of combined experience, NFI offers a wide range of propulsion agnostic bus and coach platforms, including market leading electric models. Through its low- and zero-emission buses and coaches, infrastructure, and technology, NFI meets today's urban demands for scalable smart mobility solutions. Together, NFI is enabling more livable cities through connected, clean, and sustainable transportation. With nearly 9,000 team members in ten countries, NFI is a leading global bus manufacturer of mass mobility solutions under the brands New Flyer® (heavy-duty transit buses), MCI® (motorcoaches), Alexander Dennis Limited (single- and double-deck buses), Plaxton (motorcoaches), ARBOC® (low-floor cutaway and medium-duty buses), and NFI Parts™. NFI currently offers the widest range of sustainable drive systems available, including zero-emission electric (trolley, battery, and fuel cell), natural gas, electric hybrid, and clean diesel. In total, NFI supports its installed base of over 100,000 buses and coaches around the world. NFI's common shares trade on the Toronto Stock Exchange (TSX) under the symbol NFI and its convertible unsecured debentures trade on the TSX under the symbol News and information is available at and For investor and media inquiries, please contact: Stephen King P: 204.792.1300 in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
30-06-2025
- Business
- Globe and Mail
NFI schedules second quarter 2025 financial results and conference call
WINNIPEG, Manitoba, June 30, 2025 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI Group Inc. (NFI or the Company) a leader in propulsion-agnostic bus and coach mobility solutions, today announced it intends to release its second quarter 2025 financial results on Thursday, July 31, 2025 after market close, with a conference call and webcast to discuss the results on Friday, August 1, 2025, at 8:30 a.m. (Eastern Time, ET). For attendees who wish to join by webcast, registration is not required; the event can be accessed at NFI encourages attendees to join via webcast as a results presentation will be presented and users can also submit questions to management through the platform. The results presentation will be available at Attendees who wish to join by phone must visit the following link and pre-register: An email will be sent to the user's registered email address, which will provide the call-in details. Due to the possibility of emails being held up in spam filters, we highly recommend that attendees wishing to join via phone register ahead of time to ensure receipt of their access details. A replay of the call will be accessible from about 12:00 p.m. ET on August 1, 2025, until 11:59 p.m. ET on August 1, 2026, at materials will also be available on NFI's website at About NFI Leveraging 450 years of combined experience, NFI offers a wide range of propulsion agnostic bus and coach platforms, including market leading electric models. Through its low- and zero-emission buses and coaches, infrastructure, and technology, NFI meets today's urban demands for scalable smart mobility solutions. Together, NFI is enabling more livable cities through connected, clean, and sustainable transportation. With nearly 9,000 team members in ten countries, NFI is a leading global bus manufacturer of mass mobility solutions under the brands New Flyer ® (heavy-duty transit buses), MCI ® (motorcoaches), Alexander Dennis Limited (single- and double-deck buses), Plaxton (motorcoaches), ARBOC ® (low-floor cutaway and medium-duty buses), and NFI Parts™. NFI currently offers the widest range of sustainable drive systems available, including zero-emission electric (trolley, battery, and fuel cell), natural gas, electric hybrid, and clean diesel. In total, NFI supports its installed base of over 100,000 buses and coaches around the world. NFI's common shares trade on the Toronto Stock Exchange (TSX) under the symbol NFI and its convertible unsecured debentures trade on the TSX under the symbol News and information is available at and
Yahoo
16-06-2025
- Business
- Yahoo
NFI subsidiary New Flyer signs a major contract with New Jersey Transit for up to 750 buses
ST. CLOUD, Minn., June 16, 2025 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI Group Inc. (NFI, or the Company) a leader in innovative, propulsion-agnostic bus and coach mobility solutions, subsidiary New Flyer of America Inc. (New Flyer), today announced a milestone contract from the New Jersey Transit Corporation (NJ TRANSIT) for the purchase of up to 750 Xcelsior® 60-foot clean-diesel transit buses (1,500 equivalent units or EUs). The contract includes an initial firm order for 200 buses (400 EUs) with deliveries starting in 2026, and options to purchase up to an additional 550 buses (1,100 EUs). This order was added to New Flyer's first-quarter 2025 backlog and marks one of the larger clean-diesel bus procurements in the Company's history. This latest award reinforces New Flyer's commitment to delivering high-capacity, reliability-driven solutions that keep communities connected while helping agencies like NJ TRANSIT modernize and optimize their fleets. 'Our 25-year partnership with NJ TRANSIT is built on trust, innovation, and performance,' said Chris Stoddart, President, New Flyer. 'NJ Transit operates buses from the NFI family including both New Flyer and MCI with clean diesel, CNG, and battery-electric propulsion – all supported by a unique parts support program with a dedicated NFI Parts warehouse located in New Jersey delivering parts to NJ Transit maintenance facilities on a daily basis'. NJ TRANSIT provides more than 225 million annual passenger trips across New Jersey and connects passengers in neighboring communities and surrounding regions. With a fleet of over 3,500 vehicles, including more than 2,200 buses, NJ TRANSIT plays a critical role in regional mobility. The new buses replace aging vehicles, enhancing service reliability and efficiency across the system. 'This procurement marks a key milestone in our commitment to delivering a fully modernized bus fleet by 2031,' said Kris Kolluri, President and CEO, NJ TRANSIT. 'These new articulated buses will not only expand capacity on some of our busiest routes, but also provide a significantly improved onboard experience for our customers—offering greater comfort, reliability, and accessibility.' The Xcelsior clean-diesel platform integrates ultra-low sulfur diesel fuel, next-generation engines, and advanced emissions control systems. The result is a proven, low-emission transit solution designed to perform in high-demand urban environments. For more information, visit About NFI Leveraging 450 years of combined experience, NFI offers a wide range of propulsion-agnostic bus and coach platforms, including market leading electric models. Through its low- and zero-emission buses and coaches, infrastructure, and technology, NFI meets today's urban demands for scalable smart mobility solutions. Together, NFI is enabling more livable cities through connected, clean, and sustainable transportation. With nearly 9,000 team members in ten countries, NFI is a leading global bus manufacturer of mass mobility solutions under the brands New Flyer® (heavy-duty transit buses), MCI® (motorcoaches), Alexander Dennis Limited (single- and double-deck buses), Plaxton (motorcoaches), ARBOC® (low-floor cutaway and medium-duty buses), and NFI Parts™. NFI currently offers the widest range of sustainable drive systems available, including zero-emission electric (trolley, battery, and fuel cell), natural gas, electric hybrid, and clean diesel. In total, NFI supports its installed base of over 100,000 buses and coaches around the world. NFI's common shares trade on the Toronto Stock Exchange (TSX) under the symbol NFI and its convertible unsecured debentures trade on the TSX under the symbol News and information is available at and 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 NFI Infrastructure Solutions™, a service dedicated to providing safe, sustainable, and reliable charging and mobility solutions. New Flyer actively supports over 35,000 heavy-duty transit buses (New Flyer, NABI, and Orion) currently in service, of which 8,600 are powered by electric motors and battery propulsion and 1,900 are zero-emission. Further information is available at Forward-Looking Statement This press release may contain forward-looking statements relating to expected future events and financial and operating results of NFI 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 (including as a result of tariffs and other trade measures) and economic conditions of and funding availability for customers to purchase buses and to purchase parts or services (including as a result of recent U.S. policy developments); customers may not exercise options to purchase additional buses; the ability of customers to suspend or terminate contracts for convenience; production may be delayed or production rates may be decreased as a result of ongoing and future supply chain disruptions and shortages of parts and components, shipping and freight delays, and disruption to and shortage of labor supply; and the other risks and uncertainties discussed in the materials filed with the Canadian securities regulatory authorities and available on SEDAR at Due to the potential impact of these factors, NFI 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. For media inquiries, please contact: Melissa Schnee P: 385.910.6861 Melissa_Schnee@ For investor inquiries, please contact: Stephen King P: 204.792.1300 A photo accompanying this announcement is available at
Yahoo
11-06-2025
- Business
- Yahoo
400 jobs at risk as bus maker plans shutdown of Scottish sites
Up to 400 jobs are at risk after a bus manufacturer announced plans to move operations to England. Alexander Dennis, which has factories in Falkirk and Larbert, has said it is considering moving all operations to a site in Scarborough. The plans would see work at the Falkirk site discontinued, while the Larbert site would be closed after current contracts are completed. The company, which manufactures single and double decker buses, said the new proposed structure would lower costs and increase efficiency. Alexander Dennis president and managing director Paul Davies said: "We must take significant action to drive efficiency to allow our operating model to be competitive. "It is extremely regrettable that as part of this, we must place jobs at potential risk of redundancy and propose to cease manufacturing operations at some of our facilities." He said the firm, which is now owned by Canadian parent company NFI Group, was extremely proud of its history and legacy in the UK which dates back to 1895. But he said that change was needed to encourage customers to invest in UK-based manufacturing. He continued: "The stark reality is that current UK policy does not allow for the incentivisation or reward of local content, job retention and creation, nor does it encourage any domestic economic benefit." The consultation puts up to 400 roles at Alexander Dennis at potential risk of redundancy, around 22% of the company's whole workforce. The company employs 1,850 people in the UK, with its biggest plant in Larbert. Deputy First Minister Kate Forbes said the government had "engaged extensively" with the company in recent weeks in an attempt to mitigate the need for redundancies. She said: "This will be a hugely worrying time for the workforce at Alexander Dennis, their families and the wider community. "The Scottish government will continue to explore any and all options throughout the consultation period to allow the firm to retain their hard-working employees and manufacturing and production facilities at Falkirk and Larbert." This breaking news story is being updated and more details will be published shortly. Please refresh the page for the fullest version. You can receive Breaking News on a smartphone or tablet via the BBC News App. You can also follow @BBCBreaking on X to get the latest alerts. Bus manufacturer Alexander Dennis warns of 160 jobs at risk Bus builder Alexander Dennis to cut 650 jobs Bus depot to be 'UK's largest vehicle charging hub'
