NFI receives New Jersey order for 375 diesel buses

Executive Summary

• NFI Group Inc. and its subsidiary New Flyer of America Inc. have received an additional order from New Jersey Transit Corp. (NJ Transit) for 375 Xcelsior 40-foot clean-diesel transit buses.
• This order completes the base contract of 550 buses originally awarded in Q1 2024, leaving 750 option units available for future procurement.
• The deliveries are scheduled for the third and fourth quarters of 2025 as part of NJ Transit's multiphase fleet replacement program.

Key Details

• Customer: New Jersey Transit Corp. (NJ Transit).
• Product: 375 Xcelsior 40-foot, clean-diesel transit buses.
• Contract Status: This order fulfills the original base order of 550 buses (awarded Q1 2024).
• Remaining Options: 750 option buses remain available for future procurement.
• Delivery Schedule: Third and fourth quarters of 2025.
• Strategic Context: Part of NJ Transit's goal to modernize its bus fleet by 2031.
• Company Background: NFI supports over 100,000 buses and coaches globally, with brands including New Flyer, MCI, and Alexander Dennis Ltd.

Notable Quotes

• Chris Stoddart, President, North American Bus and Coach, NFI: "The Xcelsior buses included in this contract deliver dependable, cost-effective performance while improving safety and accessibility for passengers... Built for durability and long service life, these new buses will help NJ Transit continue providing the reliable, essential transportation services that keep communities and economies moving every day."
• Kris Kolluri, President and CEO, NJ Transit: "This additional order underscores NJ Transit's unwavering commitment to our customers and to delivering the safe, reliable service they depend on every day... These new buses move us closer to our goal of a fully modernized bus fleet by 2031 -- improving reliability, accessibility and comfort while ensuring we can continue meeting the needs of hundreds of thousands of daily trips across New Jersey."