MCI to deliver 92 D45 CRT commuter coaches to New York City for express service
The funded order adds to NFI’s third-quarter 2026 backlog and supplies replacements for aging express-route vehicles.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
NFI Group (NFYEF) subsidiary Motor Coach Industries secured a contract from New York City Transit for 92 D45 CRT commuter coaches.
The order was added to NFI’s third-quarter 2026 backlog. Supported by state, local and Metropolitan Transportation Authority funding, the coaches will replace aging vehicles on New York City Transit’s express bus routes.
How this balance works
Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.
It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.
Rhea-AI Sentiment measures something else, the tone of the wording.
Positive
- Moderate pointNew York City Transit awarded MCI a contract for 92 D45 CRT commuter coaches.
Negative
- None.
AI-generated analysis. How Rhea-AI works. Not financial advice.
DES PLAINES, Ill., Oct. 06, 2026 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (NFI), a leading manufacturer of buses and motorcoaches and a provider of comprehensive aftermarket parts and service solutions, subsidiary Motor Coach Industries (MCI), today announced that New York City Transit (NYCT) has awarded a contract for 92 MCI D45 CRT commuter coaches.
Supported by state, local, and Metropolitan Transportation Authority (MTA) funding, the new coaches will replace aging vehicles operating on express bus routes, helping deliver comfortable, efficient transportation for customers. The order has been added to NFI’s third quarter 2026 backlog.
The MCI D45 CRT is purpose-built for high-capacity commuter and express operations, combining passenger comfort with the durability and performance transit agencies expect from MCI coaches.
“New York City Transit plays a vital role in connecting communities of the world’s largest and most dynamic metropolitan regions,” said Rob Marion, President, MCI. “We are proud to continue our longstanding partnership with NYCT and the broader MTA family by delivering high-quality commuter coaches that will enhance the customer experience and support consistent express bus service for riders. This investment reflects NYCT’s continued commitment to modernizing its fleet and providing safe, comfortable transportation for the millions of riders who depend on public transit every day.”
NYCT is a part of the MTA, which operates North America’s largest transportation network. The MTA oversees the nation’s largest bus fleet and more subway and commuter rail cars than all other U.S. transit systems combined, serving a population of 15.3 million across 5,000 square miles in New York City, Long Island, southeastern New York State, and Connecticut.
About NFI
NFI is a leading global bus and motorcoach manufacturer and a provider of aftermarket parts and service solutions. With more than 9,000 team members across ten countries and operations spanning over 40 facilities, NFI delivers a comprehensive portfolio of bus and coach platforms.
Through its brands New Flyer® (heavy-duty transit buses), MCI® (motorcoaches), Alexander Dennis Limited (single- and double-deck buses), ARBOC® (low-floor cutaway and medium-duty buses), and NFI Parts™, NFI supports a diverse and extensive portfolio, serving public transit, commuter, and coach markets. In total, NFI supports an installed base of more than 100,000 buses and coaches worldwide. NFI offers a broad range of propulsion systems, including zero-emission electric (referring to propulsion systems that do not utilize internal combustion engines, such as trolley, battery, and fuel cell), natural gas, electric hybrid, and advanced diesel technologies, providing agencies with multiple fleet technology options. NFI’s common shares trade on the Toronto Stock Exchange (TSX: NFI) and its convertible unsecured debentures trade under the symbol NFI.DB. News and information is available at www.nfigroup.com, www.newflyer.com, www.mcicoach.com, nfi.parts, www.alexander-dennis.com, arbocsv.com, and carfaircomposites.com.
About MCI
MCI is North America’s leading manufacturer of public and private market motorcoaches. Products include the luxury J Series (an industry best-seller for more than two decades) and the workhorse D Series. MCI also provides maintenance, repair, 24-hour roadside assistance, parts, and technician training through the industry’s only Automotive Service Excellence (ASE) accredited and award-winning MCI Academy.
Forward-Looking Statements
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 www.sedarplus.ca.
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@newflyer.com
For investor inquiries, please contact:
Stephen King
P: 204.792.1300
Stephen.King@nfigroup.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/8a2cd546-f090-44f5-b72f-6c5fbcb8a0e4
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What contract did NFI subsidiary MCI win from New York City Transit?
MCI won a contract for 92 D45 CRT commuter coaches from New York City Transit. The order was added to NFI’s third-quarter 2026 backlog, and the coaches will replace aging vehicles operating on express bus routes.