New Jersey orders additional 375 Xcelsior® clean-diesel buses from New Flyer
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New Jersey orders additional 375 Xcelsior® clean-diesel buses from New Flyer
St. Cloud, Minnesota, USA – January 29, 2026: (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI
Group Inc. (NFI), a leader in bus and coach mobility solutions, and subsidiary New Flyer of
America Inc. (New Flyer), has received an additional order from New Jersey Transit Corporation
(NJ TRANSIT) for 375 Xcelsior® 40-foot, clean-diesel transit buses. This order is part of a larger,
previously announced multi-phase fleet replacement program, with orders placed in the third and
fourth quarters of 2025.
The original contract, awarded in the first quarter of 2024, included a base order of 550 Xcelsior
40-foot, clean-diesel transit buses to be delivered in three distinct lots, along with options for an
additional 750 units. With this newly announced order, NJ TRANSIT has now completed the full
base order of 550 buses, leaving all 750 option buses available for future procurement.
“The Xcelsior buses included in this contract deliver dependable, cost-effective performance while
improving safety and accessibility for passengers,” said Chris Stoddart, President, North
American Bus and Coach, NFI. “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.”
With this additional portion of the contract, NJ TRANSIT can continue replacing aging buses
without compromising service. Building and deploying these replacement vehicles strengthens
domestic manufacturing , secures good local jobs, and ensures taxpayers get maximum utility
from their investment in public transit.
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“This additional order underscores NJ TRANSIT’s unwavering commitment to our customers and
to delivering the safe, reliable service they depend on every day,” said NJ TRANSIT President &
CEO Kris Kolluri. “Modernizing our bus fleet is a critical investment in our riders, our employees,
and the communities we serve. 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.”
NJ TRANSIT is fundamental to New Jersey’s connectivity. As the nation’s largest statewide transit
system, it serves hundreds of thousands of trips daily across its extensive bus, rail, and light rail
networks. Over the past several years, buses have made up a substantial share of that ridership,
helping tens of millions of New Jerseyans reach work, school, and services.
This award reinforces New Flyer’s position as a reliable, long-term partner to public transit
systems nationwide by providing proven buses that keep communities connected, support
American manufacturing, and deliver dependable service regardless of propulsion type or route
demands.
Today, NFI supports growing North American cities solutions through its mobility solution
ecosystem, which includes buses and coaches; infrastructure; parts and service; technology;
workforce development and training; and vehicle financing. NFI also operates the Vehicle
Innovation Center (VIC), the first innovation lab of its kind dedicated to advancing bus and coach
technology and providing workforce development. Since opening in late 2017, the VIC has hosted
over 590 interactive events, welcoming 12,3 00 industry professionals for EV and infrastructure
training.
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 over 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), 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 ( referring to propulsion systems that do not
utilize internal combustion engines, such as 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 NFI.DB. News and information is available at www.nfigroup.com, www.newflyer.com,
www.mcicoach.com, nfi.parts, www.alexander-dennis.com, arbocsv.com, and
carfaircomposites.com.
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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 m otors and battery propulsion and 1,900 are zero-emission. Further information is
available at www.newflyer.com.
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 convenienc e; 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 r isks and uncertainties discussed in the materials
filed with the Canadian securities regulatory authorities and available on SEDAR
at www.sedarplus.ca.
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
For investor inquiries, please contact:
Stephen King
P: 204.792.1300