Welcome to our dedicated page for Nfi Group news (Ticker: NFYEF), a resource for investors and traders seeking the latest updates and insights on Nfi Group stock.
NFI Group Inc. reports developments tied to its bus and coach manufacturing business and its aftermarket parts and service operations. News commonly covers orders from public transit agencies for platforms such as Alexander Dennis Enviro500 double-deck buses and New Flyer Xcelsior compressed natural gas transit buses, along with backlog, production-rate, supply-chain and fleet-modernization updates.
Company updates also include quarterly and annual financial results, guidance commentary, manufacturing footprint actions, leadership changes within operating businesses such as Motor Coach Industries, and shareholder meeting matters including director elections.
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NFI Group Inc. (NFYEF), a leader in zero-emission mass mobility, announced that Vice President Kamala Harris will visit its St. Cloud, Minnesota facility on February 9, 2023. This visit aims to highlight the Biden-Harris Administration's commitment to zero-emission public transportation, which supports job creation and skills development. NFI, which operates New Flyer, provides advanced zero-emission buses to numerous North American transit agencies. The company has seen increased demand due to the Infrastructure Investment and Jobs Act. The St. Cloud facility employs over 685 members and houses the innovative Xcelsior CHARGE NG electric bus.
NFI Group Inc. announced that the Regional Transportation Commission of Southern Nevada has exercised options for 24 Xcelsior CNG 60-foot buses, equating to 48 equivalent units, derived from its backlog in Q4 2022. This is part of a five-year contract initially set in 2021 for up to 130 buses, supported by funding from the Federal Transit Administration. RTC oversees public transport in a region with over 64 million annual rides. New Flyer's CNG buses are noted for their significant reduction in nitrogen oxide emissions, promoting cleaner air and sustainable transit solutions.