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The Courier
29-05-2025
- Business
- The Courier
Dundee Fishers Tours buses up for auction as staff wait for wages
Fishers Tours buses are being advertised for auction as staff wait for answers over unpaid wages and pension payments a week after the Dundee firm ceased operating. No formal liquidator or administrator has been named and drivers and mechanics are no further forward in making claims for pay, holiday entitlement and redundancy settlements. The Courier visited the Mid Craigie yard on Tuesday afternoon to put questions to the directors, but there was no one at the site. A fleet of 10 Fishers Tours coaches have been placed on auction website Sweeney Kincaid, which is due to go live in June. Prices are advertised on the website, but a 2015 Plaxton bus used by Fishers Tours can cost between £122,000 – £155,000. Fishers staff were told last Monday the company would cease operations that Friday. As well as leaving employees 'high and dry', Fishers operated contracts to take Angus pupils to and from school, which had to be hastily rearranged. A number of bookings were cancelled with limited warning leading up to the closure, and one Dundee children's charity lost a £1,000 booking after being told to 'claim it from the liquidator'. Staff were told pension payments had allegedly not been made by Fishers since the beginning of the year. And they are still waiting for answers on the company's liquidation, more than a week since being told their company was closing. 'We're all still in limbo,' one driver told The Courier. 'We left on Friday with no paperwork and no replies to any of our emails asking for the information we need. 'This includes who the administrators are, what will happen to holidays and wages due, a letter of redundancy confirmation or pensions information. 'There are no case numbers yet, to apply for money owed. We were told there would be administrators by Tuesday morning. This hasn't happened. 'Now there are more than 20 lads all panicking. It's an absolute joke. 'All the buses were removed from the yard on Monday. 'How long do we have to wait? It's an absolute shambles.' Some staff have been interviewed for jobs at other firms, with Xplore Dundee owner McGill's confirming they had approached former Fishers' employees. A spokesperson added: 'We are in discussion with the local authority regarding the provision of school transport services for pupils in the Dundee area affected by the collapse of Fishers. We remain ready to assist where necessary.' Angus Council has secured home-to-school travel for eligible pupils on Fishers routes until the end of term. They could not comment on what steps they would take to recover public money paid to Fishers for the transport contracts. But only pupils provided with a travel pass issued by Angus Council will be permitted to board the services. A previous arrangement where young people could use their national entitlement card to travel to school has been stopped. A spokesperson added: 'Arrangements are in place to cover all home-to-school transport routes for entitled pupils from Tuesday 27 May. 'You can read the most up-to-date information on our school transport webpage. 'We will consider all relevant matters in due course, but it would not be appropriate to comment further on these issues publicly at this time.'
Yahoo
15-04-2025
- Business
- Yahoo
NFI Announces Updates to Board Leadership
WINNIPEG, Manitoba, April 15, 2025 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI Group Inc. (NFI, or the Company) a leader in propulsion-agnostic bus and coach mobility solutions, today announced that Colin Robertson, previously Vice Chair of the Board, has been appointed Chair of the Board, succeeding Chan Galbato, who has decided to step down from the Board to pursue other opportunities. NFI Vice Chair Larry Edwards will assume the role of Lead Independent Director. 'On behalf of the Company, I would like to thank Mr. Galbato for his service, dedication and the significant effort and energy that he devoted to NFI,' said Paul Soubry, President and Chief Executive Officer of NFI. Mr. Robertson has served on NFI's Board since 2020 and brings over 30 years of global manufacturing and leadership experience, including 13 years as Chief Executive Officer of Alexander Dennis Limited (AD), acquired by NFI in 2019. Mr. Robertson previously held executive positions with global engine and power generation leader Cummins Inc., and Terex Corporation, a leading manufacturer of lifting and material handling equipment. 'NFI is uniquely positioned to capitalize on compelling market opportunities as it advances its leadership in bus and coach technology, manufacturing, and aftermarket services,' said Mr. Robertson, NFI's new Board Chair. 'The Company is poised to deliver significant value creation, and I look forward to working closely with my fellow directors and the leadership team as we drive NFI forward.' Given that Mr. Galbato has stepped down from the Board, his nomination has been removed from the slate of directors proposed to be elected at the upcoming meeting of Company's shareholders and the Company will proceed to nominate the other ten candidates. About NFI Leveraging 450 years of combined experience, NFI offers a wide range of propulsion agnostic bus and coach platforms, including market leading electric models. Through its low- and 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 nearly 9,000 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 News and information is available at and 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 (including as a result of tariffs and other trade measures) and economic conditions of and funding availability for customers to purchase buses and to purchase parts or services (including as a result of recent U.S. policy developments); 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 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 investor and media inquiries, please contact: Stephen King P: 204.792.1300 in to access your portfolio
Yahoo
14-02-2025
- Business
- Yahoo
New York's MTA further electrifies fleet, with order for 265 battery-electric buses from NFI subsidiary New Flyer
ST. CLOUD, Minn., Feb. 14, 2025 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI Group Inc. (NFI) a leading independent bus and coach manufacturer and a leader in zero-emission electric mass mobility solutions, subsidiary New Flyer of America Inc. (New Flyer), today announced New York's Metropolitan Transit Authority (MTA) is adding 265 zero-emission buses to its fleet. This option order, part of a contract between New Flyer and the MTA signed in Q1 2024, allows for the purchase of 193 Xcelsior CHARGE NG™ 40-foot buses and 72 Xcelsior CHARGE NG™ 60-foot buses (144 equivalent units). The MTA operates North America's largest transportation network and oversees the largest bus fleet in the United States. The MTA's services span 5,000 square miles, covering New York City, Long Island, southeastern New York State, and Connecticut, serving a population of 15.3 million people. Demonstrating its leadership in sustainable transit, the agency unveiled a plan in 2023 to fully transition its 5,800-bus fleet to zero-emission vehicles by 2040. This initiative aligns with the MTA's overarching goal to reduce operational greenhouse gas emissions by 85% by 2040, using 2015 as the baseline. This ambitious effort underscores the MTA's commitment to driving meaningful climate action while maintaining its vital role in connecting communities. 'Our 25 year partnership with the MTA has been built on trust, innovation, and delivering reliable transportation solutions,' said Chris Stoddart, President, North American Bus and Coach, NFI. 'This builds upon MTA's original firm order of 205 Xcelsior CHARGE NG buses.' New Flyer's Xcelsior CHARGE NG™ bus incorporates three distinct technology advancements: high-energy batteries, advanced protective battery packaging for easy installation and simpler serviceability, and a lightweight electric traction drive system with up to 90% energy recovery. For more information, visit 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. 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 News and information is available at and 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 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 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@ For investor inquiries, please contact: Stephen King P: 204.792.1300 A photo accompanying this announcement is available at
