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NFI Group (TSX:NFI) receives order from Washington Washington Metropolitan Area Transit Authority

Renewable Energy, Transport
TSX:NFI
13 June 2022 09:00 (EDT)

Source: NFI Group

NFI Group (NFI) has received an order for 95 40-foot diesel Xcelsior buses from the Washington Metropolitan Area Transit Authority.

Metro is the second-busiest transit system and sixth-largest bus network in the United States, serving the Washington D.C. metropolitan area and providing approximately 79 million annual trips on 136 bus lines.

Supported by Federal Transit Administration (FTA) funds, the new buses will replace end-of-life vehicles, and provide an enhanced passenger experience, while also delivering on Metro’s 2019-2028 Strategic Plan focused on improving the transportation system’s safety and reliability.

“Since 1995, NFI has delivered over 2,040 buses to Metro, and the agency continues to rely on NFI’s proven transit technology to keep Washington moving,” said Chris Stoddart, President, North American Bus and Coach, NFI.

“New Flyer’s Xcelsior bus features effective emission controls that reduce greenhouse gas emissions and the cost of bus operation. Together, we are providing the community with safe, efficient, and reliable transportation,” he added.

NFI Group is focused on the electrification of mass mobility with electric vehicles operating or on order in more than 80 cities in five countries.

Shares of NFI Group opened trading at C$13.03.

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