- NFI Group (TSX:NFI) announced that its subsidiary, New Flyer Industries Canada ULC, has been awarded a significant contract with York Region Transit (YRT) for the delivery of 170 Xcelsior clean-diesel transit buses
- The order comprises 72 Xcelsior clean-diesel 12-metre buses and 98 Xcelsior clean-diesel 5.4 metre buses
- YRT operates one of the largest bus fleets in Ontario, with 535 vehicles serving a population of over 1.2 million people
- NFI Group stock (TSX:NFI) last traded at C$11.11
NFI Group (TSX:NFI) announced that its subsidiary, New Flyer Industries Canada ULC, has been awarded a significant contract with York Region Transit (YRT) for the delivery of 170 Xcelsior clean-diesel transit buses (pictured above), equivalent to 268 units. This contract, part of NFI’s Q4 2024 backlog, could reinforce New Flyer’s position as a premier provider of sustainable mobility solutions.
The order comprises 72 Xcelsior clean-diesel 12-metre buses and 98 Xcelsior clean-diesel 5.4 metre buses. These buses will be delivered over the next three years, enhancing YRT’s service on both regular routes and the York Viva Bus Rapid Transit rapid ways. This initiative follows YRT’s 2023 purchase of 75 Xcelsior Charge NG battery-electric buses.
“New Flyer’s Xcelsior clean-diesel buses lead to improved efficiency and lower operating costs, and the new fleet is poised to play a pivotal role in advancing YRT’s vital mission of connecting communities across the York region,” Chris Stoddart, president, North American bus and coach, NFI, said in a news releaase. “Additionally, the buses will ensure a quiet, clean, and comfortable ride for commuters throughout the Greater Toronto Area.”
YRT operates one of the largest bus fleets in Ontario, with 535 vehicles serving a population of over 1.2 million people. The robust transit network connects all nine municipalities in the York Region, as well as the city of Toronto and the Peel and Durham regions, playing a crucial role in regional mobility.
NFI Group Inc. offers zero-emission battery and fuel cell-electric buses and coaches with vehicles operating or on order in more than 130 cities in six countries.
NFI Group stock (TSX:NFI) last traded at C$11.11 and has fallen 8.56 per cent since this time last year.
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(Top image via NFI Group Inc.)
