The acquisition represents a continuation of NFI Group’s growth and diversification strategy and was not subject to any pre-closing regulatory or antitrust requirements. NFI Group is using available cash and its existing credit facilities to finance the transaction.
The new 2017 XN60 low-floor buses manufactured by New Flyer, allow MTS to increase its capacity to transport riders along popular routes in the South Bay.
The purchase, which executes on planned fleet expansion and replacement initiatives, was supported by a combination of state and federal funding.
The Caucus seeks to highlight the benefits of investing in bus systems, the challenges accompanying aging bus fleets and facilities, and encourage innovation in a rapidly changing transportation climate.
The company says it is just one of the few of the many exciting development changes for Mayser.
The project, unveiled Nov. 28 by Chicago Mayor Rahm Emanuel, aims to provide commuters with a 20-minute option to taxi or Uber rides, which cost between $40 and $60.
As 49 of NJ Transit's most senior rail supervisors retired between January 2014 and July 2016, a group of younger potential replacements, including some who were considered rising stars, left the agency for other jobs.
Technologies to be integrated into the bus include, safety controls, navigation software, cybersecurity protocols, and deployment processes.