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Blue Bird Announces Price Increases For All Model School Buses
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MACON, Ga.--(BUSINESS WIRE)--
Blue Bird Corporation (Nasdaq: BLBD), the leader in electric and low-emission school buses, has implemented a price increase on all model school buses to offset record inflationary pressures and substantially higher costs for raw materials, transportation, and labor. The Company also continues to face supply chain disruptions exacerbated by Russia’s war in Ukraine and the lingering COVID-19 pandemic. Blue Bird's10% price increase took effect on May 10, 2022.
“We maintain a relentless focus on process improvement every day to optimize our cost structure, production throughput, and operations,” said Matthew Stevenson, president and CEO of Blue Bird Corporation. “Despite the significant progress we have made so far, we are now forced to pass on these unprecedented cost increases to the market. It is a necessary step to continue supplying best-in-class school buses, parts and related services to our valued customers in the student transportation industry.”
About Blue Bird Corporation
Blue Bird (NASDAQ: BLBD) is recognized as a technology leader and innovator of school buses since its founding in 1927. Our dedicated team members design, engineer and manufacture school buses with a singular focus on safety, reliability, and durability. Blue Bird buses carry the most precious cargo in the world – the majority of 25 million children twice a day – making us the most trusted brand in the industry. The company is the proven leader in low- and zero-emission school buses with more than 20,000 propane, natural gas, and electric powered buses in operation today. Blue Bird is transforming the student transportation industry through cleaner energy solutions. For more information on Blue Bird's complete product and service portfolio, visit www.blue-bird.com. For Blue Bird's line of emission-free electric buses, visit www.bluebirdelectricbus.com.
about us blue bird offers a complete line of type a, c and d school buses in a variety of options and configurations. since 1927, blue bird corporation has continued to set industry standards with its innovative design and manufacturing capabilities. additionally, blue bird provides comprehensive financial solutions through blue bird capital services. today, blue bird has more than 1,600 employees, georgia-based manufacturing facilities and an extensive network of dealers and parts & service facilities throughout north america. its global presence can be seen in more than 60 countries through sales into africa, asia, the caribbean, latin america, europe and the middle east. our promise we are singularly focused on building and selling school buses that customers want and value. the safety of schoolchildren is at the center of all that we do and we will strive every day, just as we have since our beginning in 1927, to provide an unparalleled and affordable product in terms of safety, qu
