NJ Transit approves 183 commuter coach order from MCI on existing six-year contract
DES PLAINES, JUNE 21, 2019: (TSX:NFI) Motor Coach Industries (MCI), a U.S. subsidiary of NFI Group Inc., (“NFI”), one of the world’s largest independent global bus manufacturers, announced today that NJ TRANSIT issued a purchase order for year four of its six-year contract to manufacture and deliver 183 Commuter Coaches.
MCI will begin production of year four coaches starting in September of 2019. The MCI Commuter Coaches will be powered by Cummins’ next-generation X12 clean-diesel engine, which generates less noise, fewer parts, greater fuel economy and reduced exhaust emissions that comply with the latest Clear Air Act amendments. The coach features a 57-seat configuration, is Wi-Fi ready, seatbelt-equipped and compliant with the Americans with Disabilities Act (ADA).
MCI has served NJ TRANSIT since 1983 delivering 2,944 high-floor commuter coaches over the past three decades. In 2015, MCI was awarded a new six-year contract for a total potential order of 1,222 fully-accessible, ADA compliant commuter coaches of which 550 have been delivered to date. MCI also provides field service for the coaches from its service center located in Blackwood, New Jersey and spare parts support from the NFI Parts distribution center in East Brunswick, New Jersey.
MCI Vice president of Public Sector Tom Wagner said: “We are extremely proud of our long-standing history with NJ TRANSIT. Our goal is to continue to excel at providing high-quality, reliable, low cost of operation coaches that offer unsurpassed passenger comfort and safety for riders on NJ TRANSIT’s over-the-road express route service today and in the future.”
NJ TRANSIT is the third largest provider of bus, rail and light rail transit in the United States, linking major points in New Jersey, New York and Philadelphia. The agency operates a fleet of more than 2,200 buses covering some 255 routes. With its full complement of buses, trains and light rail vehicles, NJ TRANSIT completes over 277 million passenger trips each year. In January 2019, NJ TRANSIT awarded New Flyer, also a subsidiary of the NFI Group, a contract for up to 170, sixty-foot, clean diesel Xcelsior® heavy-duty transit buses to be delivered in 2019 and 2020.
About NFI Group
With over 8,900 team members operating from more than 50 facilities across ten countries, NFI is a leading independent global bus manufacturer providing a comprehensive suite of mass transportation solutions under brands: New Flyer®(heavy-duty transit buses), Alexander Dennis Limited (single and double-deck buses), Plaxton (motor coaches), MCI® (motor coaches), ARBOC® (low-floor cutaway and medium-duty buses), and NFI Parts™ . NFI buses and motor coaches incorporate the widest range of drive systems available including: clean diesel, natural gas, diesel-electric hybrid, and zero-emission electric (trolley, battery, and fuel cell). It also supports infrastructure development through New Flyer Infrastructure Solutions™, a service dedicated to providing safe and reliable charging and mobility solutions. In total, NFI now supports over 105,000 buses and coaches currently in service around the world. For the fiscal year ended December 30, 2018, NFI posted revenues of US$2.5 billion. NFI common shares are traded on the Toronto Stock Exchange under the symbol NFI. News and information are available at www.nfigroup.com, www.newflyer.com, www.mcicoach.com, www.arbocsv.com, www.alexander-dennis.com, and nfi.parts.
Motor Coach Industries (MCI) is North America’s public and private market motor coach leader, building the J4500 the industry best-seller for 13 consecutive years), the all-new 35-foot J3500 model, and the workhorse D-Series including the breakthrough ADA-accessible MCI D45 CRT LE Commuter Coach offering lower dwell times. MCI will add battery-electric propulsion in 2020. With nearly 30,000 MCI coaches on the road, MCI also provides maintenance, repair, 24-hour roadside assistance, parts supply through NFI Parts, and technician training through the industry’s only Automotive Service Excellence (ASE) accredited MCI Academy. Further information is available at www.mcicoach.com.
This press release may contain forward-looking statements relating to expected future events and financial and operating results of NFI Group 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 coaches and to purchase parts or services, customers may not exercise options to purchase additional coaches, the ability of customers to suspend or terminate contracts for convenience and the other risks and uncertainties discussed in the materials filed with the Canadian securities regulatory authorities and available on SEDAR at www.sedar.com. Due to the potential impact of these factors, the NFI Group 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.
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