Washington Metropolitan Area Transit Authority awards contract to NFI subsidiary New Flyer for up to 500 low- and zero-emission Xcelsior® buses
The contract encompasses up to 500 buses, adding to New Flyer's robust fourth-quarter 2024 backlog. This includes a firm order for 75 Xcelsior® hybrid-electric 40-foot transit buses and 25 Xcelsior CHARGE NG™ 35-foot battery-electric buses, and options for up to 400 additional buses.
Metro provides Metrorail and Metrobus transit services for more than six million people across the National Capital Region, which includes the District of Columbia, Maryland, and Virginia. Metrobus operates a fleet of 1,500 buses and provides services 24 hours a day, seven days a week.
'New Flyer and Metro have enjoyed working together for thirty years,' said Chris Stoddart, President of North American Bus and Coach, NFI. 'This new contract for the latest bus technology embraces healthy contracting measures and is paving the way for long-term benefits for both Metro and New Flyer. By striking a balance between bonding and payment schedules, it offers flexibility in pricing and delivery timelines to mitigate potential supply chain disruptions or other challenges.'
NFI is a leader in zero-emission mobility, with electric vehicles operating (or on order) in more than 150 cities in six countries. NFI offers the widest range of zero-emission battery and fuel cell-electric buses and coaches, and its vehicles have completed over 220 million EV service miles.
Today, NFI supports growing North American cities with scalable, clean, and sustainable mobility solutions through its mobility solution ecosystem, which includes buses and coaches; infrastructure; parts and service; technology; workforce development and training; and vehicle financing. NFI also operates the Vehicle Innovation Center (VIC), the first and only innovation lab of its kind dedicated to advancing bus and coach technology and providing workforce development. Since opening in late 2017, the VIC has hosted over 470 interactive events, welcoming 10,600 industry professionals for EV and infrastructure training.
About NFI
Leveraging 450 years of combined experience, NFI is leading the electrification of mass mobility around the world. With zero-emission buses and coaches, infrastructure, and technology, NFI meets today's urban demands for scalable smart mobility solutions. Together, NFI is enabling more livable cities through connected, clean, and sustainable transportation.
With over 9,100 team members in ten countries, NFI is a leading global bus manufacturer of mass mobility solutions under the brands New Flyer® (heavy-duty transit buses), MCI® (motorcoaches), Alexander Dennis Limited (single- and double-deck buses), Plaxton (motorcoaches), ARBOC® (low-floor cutaway and medium-duty buses), and NFI Parts™. NFI currently offers the widest range of sustainable drive systems available, including zero-emission electric (trolley, battery, and fuel cell), natural gas, electric hybrid, and clean diesel. In total, NFI supports its installed base of over 100,000 buses and coaches around the world. NFI's common shares trade on the Toronto Stock Exchange ('TSX') under the symbol NFI and its convertible unsecured debentures trade on the TSX 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 New Flyer
New Flyer is North America's heavy-duty transit bus leader and offers the most advanced product line under the Xcelsior® and Xcelsior CHARGE® brands. It also offers infrastructure development through NFI Infrastructure Solutions™, a service dedicated to providing safe, sustainable, and reliable charging and mobility solutions. New Flyer actively supports over 35,000 heavy-duty transit buses (New Flyer, NABI, and Orion) currently in service, of which 8,600 are powered by electric motors and battery propulsion and 1,900 are zero-emission. Further information is available at www.newflyer.com.
Forward-Looking Statement
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 and economic conditions of and funding availability for customers to purchase buses and to purchase parts or services; 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/fc7e1717-6478-4953-8070-2080b00d88efSign in to access your portfolio
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
3 hours ago
- Yahoo
BlueScope Steel full-year profit tumbles 90% on North America impairment
(Reuters) -Australia's BlueScope Steel reported a 90% drop in full-year profit on Monday, after logging an impairment charge for its coated products business and due to weak performance at its operations in North America. The company's coated products business in its North American division recorded a loss in fiscal 2025, impacted by lower volumes and operational woes and an impairment charge of A$438.9 million. The North America division's underlying earnings declined 45%, weighed down by weak performance at its North Star and Buildings and Coated Products North America operations. The company posted net profit after tax of A$83.8 million ($54.6 million) for fiscal 2025, significantly lower than A$805.7 million reported in fiscal 2024. On an underlying basis, the company's profit declined 51% to A$420.8 million, pulled down by price pressures, lower volumes and higher costs. BlueScope declared a final dividend of 30 Australian cents per share, in line with last year. ($1 = 1.5361 Australian dollars)
Yahoo
4 hours ago
- Yahoo
NextEra Energy (NEE) to Invest $120 Billion in Renewables and Storage Through 2029
We recently published . NextEra Energy, Inc. (NYSE:NEE) is one of these profitable utility stocks. NextEra Energy, Inc. (NYSE:NEE), headquartered in Juno Beach, Florida, is a leading North American electric power and energy infrastructure company. It owns Florida Power & Light Company (FPL), serving about 12 million customers, and NextEra Energy Resources, a top U.S. renewable energy developer with a diverse portfolio including natural gas, nuclear, wind, solar, and battery storage. In 2024 and early 2025, NextEra Energy, Inc. (NYSE:NEE) significantly expanded its renewable energy capacity, adding 8.7 gigawatts of new renewable and storage projects in 2024 and 3.2 gigawatts in Q1 2025. FPL also brought 894 megawatts of new solar capacity online, reinforcing the company's clean energy momentum. The business plans to invest approximately $120 billion over the next four years to grow its fleet to around 121 gigawatts, underscoring its long-term commitment to clean energy and infrastructure growth, and strengthening its case as one of the most profitable stocks in the sector. Strategically, the corporation signed a framework agreement with GE Vernova to develop natural gas power generation solutions, broadening its energy mix to meet evolving customer needs and transition goals. Alongside its renewable focus, NextEra Energy, Inc. (NYSE:NEE)'s regulated utility segment continues to provide reliable electricity and stable earnings, supporting its consistent dividend policy. The board recently declared a quarterly dividend of $0.5665 per share payable in September 2025 and expects to raise dividends by about 10% annually through at least 2026, reflecting strong financial health. With a solid cash position of $1.8 billion in Q2 2025 and robust operating cash flow, the corporation is well-positioned for sustained growth and leadership in the clean energy transition. While we acknowledge the potential of NEE as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. Errore nel recupero dei dati Effettua l'accesso per consultare il tuo portafoglio Errore nel recupero dei dati Errore nel recupero dei dati Errore nel recupero dei dati Errore nel recupero dei dati
Yahoo
4 hours ago
- Yahoo
Zedcor Inc. Announces Restricted Share Unit Grant
Calgary, Alberta--(Newsfile Corp. - August 17, 2025) - Zedcor Inc. (TSXV: ZDC) (the "Company" or "Zedcor") announces that on August 14, 2025, 60,000 Restricted Share Units (RSUs) were granted to employees of the Company pursuant to the Company's fixed 10% RSU/DSU plan and will expire three years from the date of grant. The RSUs will vest as to one third thereof on each of the first, second and third anniversaries of the date of grant. About Zedcor Inc. Zedcor Inc. is disrupting the traditional physical security industry through its proprietary MobileyeZTM security towers by providing turnkey and customized mobile surveillance and live monitoring solutions to blue-chip customers across North America. The Company continues to expand its established platform of MobileyeZ™ towers in Canada and the United States, with emphasis on industry leading service levels, data-supported efficiency outcomes, and continued innovation. Zedcor services the Canadian market through equipment and service centers currently located in British Columbia, Alberta, Manitoba, and Ontario. The Company continues to advance its U.S. expansion which now has the capacity to service markets throughout the Midwest and West Coast with locations throughout Texas and in Denver, Colorado, Phoenix, Arizona and Las Vegas, Nevada. For further information contact: Todd ZiniukChief Executive OfficerP: (403) 930-5430E: tziniuk@ Amin LadhaChief Financial OfficerP: (403) 930-5430E: aladha@ Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. To view the source version of this press release, please visit Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
