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. (NFYEF) generates frequent news as a propulsion-agnostic bus and coach manufacturer serving mass mobility markets. Company updates often highlight developments in low- and zero-emission buses and coaches, infrastructure and technology initiatives, and activity across its brands, including New Flyer, MCI, Alexander Dennis, Plaxton, ARBOC, and NFI Parts.
Investors and transit industry followers can use this page to review operational updates, contract awards, facility developments, and corporate actions. Recent announcements have included orders for Xcelsior compressed natural gas transit buses, the opening of an Alexander Dennis manufacturing facility in Las Vegas dedicated to Enviro500 double-deck buses, and a joint venture with GILLIG LLC to acquire the assets of American Seating Inc. to strengthen seat supply for transit, motorcoach, and rail applications.
NFI also reports on financial results and capital structure changes, such as quarterly earnings releases, backlog and order metrics, and refinancing activities involving first lien credit facilities and second lien secured notes. These updates provide context on manufacturing and aftermarket segment performance, supply chain conditions, and the share of zero-emission buses in deliveries and backlog.
Other notable news items include information on a North American battery recall affecting certain electric buses equipped with XALT Energy batteries, along with a master settlement agreement intended to support recall costs and expand NFI’s zero-emission platform. Governance and ownership developments, such as amendments to the investment agreement with Coliseum Capital Management, LLC, and CEO transition announcements, are also covered.
By following this NFYEF news feed, readers can track how NFI executes its propulsion-agnostic strategy, manages supply chain and technology issues, and responds to market demand for buses and coaches in North America, the United Kingdom, and other regions where its brands operate.
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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.
NFI Group Inc. (OTC: NFYEF) announced a new order from Central Ohio Transit Authority for 14 battery-electric Xcelsior CHARGE NG buses, enhancing its zero-emission fleet. This order follows a prior purchase of eight buses in May 2022. The transition is supported by Federal Transit Administration funds, aiming for a fully zero-emission fleet by 2035. NFI will also supply 20 ABB chargers to facilitate deployment. With over 186 buses delivered to COTA since 2001, NFI's innovations aim to deliver significant environmental benefits, with each bus expected to avoid 135 metric tons of greenhouse gas emissions annually.
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NFI Group Inc. (OTC: NFYEF) has announced that the Capital Metro Transportation Authority (CapMetro) will purchase 30 Heliox 180 kWh depot chargers and 90 pantograph dispensers. This order is part of CapMetro's five-year contract for up to 171 battery-electric buses and 427 chargers. The chargers will facilitate CapMetro's transition to a zero-emission bus fleet, contributing to Project Connect, aimed at enhancing public transportation in Central Texas. NFI has supplied over 360 vehicles to CapMetro since 1997, reinforcing its commitment to sustainable mobility solutions.
New Flyer of America has secured a five-year contract with Pittsburgh Regional Transit for 15 battery-electric and 54 clean-diesel transit buses, totaling 138 equivalent units. This contract supports PRT's goal of transitioning to a zero-emission fleet by 2045. NFI will add 157 buses to its backlog, with options for up to 88 additional vehicles. The order is backed by Federal Transit Administration funds, promoting sustainable mass mobility. NFI has previously supplied over 130 buses to PRT, underscoring its commitment to advanced transit technology.
NFI Group Inc. (NFYEF) announced firm orders for 41 transit buses from the San Diego Metropolitan Transit System (MTS), expanding its backlog by 617 Equivalent Units (EUs). The contract includes 28 CNG buses and 13 battery-electric buses, aligned with MTS's goal to transition to a zero-emission fleet by 2040. Supported by Federal Transit Administration funds, this order complies with California's Innovative Clean Transit regulation. NFI has previously delivered over 840 buses to MTS, reinforcing a long-term partnership in sustainable mobility.