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Be the first with the news that moves the market- NFI Group (NFI) announced that the RTC has exercised options for 24 Xcelsior compressed natural gas (CNG) 60-foot, heavy-duty transit buses
- The options are part of a five-year contract with RTC announced in 2021 for up to 130 Xcelsior CNG sixty-foot buses
- NFI is a global bus manufacturer leading the electrification of mass mobility around the world
- NFI Group Inc. (NFI) is up 0.45 per cent, trading at C$11.18 per share at 10:09 am ET
NFI Group (NFI) announced that the RTC has exercised options for 24 Xcelsior compressed natural gas (CNG) 60-foot, heavy-duty transit buses.
This is 48 equivalent units, or EUs, converted from its subsidiary New Flyer of America Inc. (New Flyer)’s backlog in Q4 2022.
The Regional Transportation Commission of Southern Nevada (RTC) is a regional entity. It oversees public transportation, traffic management, and roadway design and construction funding for Southern Nevada. RTC’s public transit system delivers more than 64 million annual passenger rides in the greater Las Vegas Valley.
The options are part of a five-year contract with RTC announced in 2021 for up to 130 Xcelsior CNG sixty-foot buses.
New Flyer’s Xcelsior CNG buses eliminate the need for particulate filters and regeneration cycles, ultimately lending more breathable air to the community. New Flyer CNG buses conform to the EPA and NHTSA comprehensive Heavy-Duty National Program that reduces greenhouse gas emissions and fuel consumption for heavy-duty highway vehicles.
NFI is a global bus manufacturer leading the electrification of mass mobility around the world. It supports growing North American cities with scalable, clean, and sustainable mobility solutions.
The company also operates the Vehicle Innovation Center (VIC). It is the first and only innovation lab dedicated to advancing bus and coach technology and providing workforce development.
NFI Group Inc. (NFI) is up 0.45 per cent, trading at C$11.18 per share at 10:09 am ET.
