New Jersey orders additional 375 Xcelsior(TM) clean-diesel buses from New Flyer

Executive Summary

• NFI Group Inc., via its subsidiary New Flyer, received an additional order from NJ TRANSIT for 375 Xcelsior® 40‑foot clean‑diesel transit buses.
• This order completes the original base contract of 550 buses, leaving 750 optional units available for future procurement.
• The deal reinforces New Flyer’s role as a primary supplier to NJ TRANSIT and supports domestic manufacturing and job retention.

Key Details

• Order Size: 375 clean‑diesel Xcelsior® 40‑foot buses.
• Contract Status: Completes the base order of 550 units originally awarded Q1 2024; 750 optional buses remain unexercised.
• Delivery Schedule: Buses to be built and delivered in accordance with the multi‑phase fleet replacement program announced in Q3–Q4 2025.
• Customer: New Jersey Transit Corporation (NJ TRANSIT), the nation’s largest statewide transit system.
• Strategic Impact: Enhances NJ TRANSIT’s fleet modernization goals targeting a fully modernized bus fleet by 2031; supports U.S. manufacturing and local employment.
• Quotes:
• Chris Stoddart, President, North American Bus and Coach, NFI – highlighted durability, cost‑effectiveness, safety, and accessibility of the Xcelsior buses.
• Kris Kolluri, President & CEO, NJ TRANSIT – emphasized the order’s role in modernizing the fleet and meeting ridership demand.

Notable Quotes

• “The Xcelsior buses included in this contract deliver dependable, cost‑effective performance while improving safety and accessibility for passengers.” – Chris Stoddart, President, North American Bus and Coach, NFI
• “Modernizing our bus fleet is a critical investment… These new buses move us closer to our goal of a fully modernized bus fleet by 2031.” – Kris Kolluri, President & CEO, NJ TRANSIT