NFI Group Inc (TSX:NFI) News and Share Price

NFI Group Inc manufactures commercial buses, motor coaches, transit buses and provides various automotive solutions.

Its service and distribution centers are located across Canada, the United States, Europe, the Asia Pacific and other international locations.

The company provides zero-emission electric vehicles (EVs) powered by batteries or electricity, natural gas, or hydrogen fuel-cell buses.

The company claims to deliver sustainable mobility solutions across the globe.

The Winnipeg-based bus provider was founded in 1930 as a manufacturer of school buses and motor coaches.

In the 1970s, the mobility company was known as New Flyer Industries with a focus on heavy-duty transit buses.

The transportation services provider went public with the listing on the Toronto Stock Exchange in 2005.

In 2009, it launched the LEAN OpEx program.

In the following decade, the company acquired several businesses, including TCB Enterprises, LLC, Orion Parts, North American Bus Industries (NABI), Motor Coach Industries (MCI), Frank Fair Industries, Carlson Engineered Composites (now CarFair Composites) and ARBOC Specialty Vehicles.

The company rebranded itself to NFI Group Inc in 2018. In 2021, NFI launched North America’s first automated transit bus under the brand name Xcelsior AV™.

The automotive company operates through subsidiaries, including New Flyer, ARBOC, Alexander Dennis, NFI Parts, CarFair, MCI and Plaxton. It focuses on providing mass transportation solutions with a particular focus on zero-emission mobility.

Under the Xcelsior and Xcelsior CHARGE brands, the company provides heavy-duty transit buses and presently owns a fleet of 35,000 such vehicles.

ARBOC, with a fleet of over 3,000 buses in service, offers transit, paratransit and shuttle applications. It also provides medium-duty transit buses and claims to offer comfort over traditional high-floor cutaway vehicles.

Through the Alexander Dennis brand, the company provides single and double-deck bus services. The brand is reportedly a leading independent bus and coach manufacturer that owns and operates over 31,000 vehicles across Europe, Canada, Mexico, Hong Kong, Singapore, New Zealand and the United Kingdom. The fleet is operated under the names: Plaxton and Alexander Dennis.

NFI Group Inc also provides support solutions, training parts and technical publications for transit buses and motor coach operators.

Motor Coach Industry or MCI operates over 30,000 coaches across the globe. Its J-series and D-series are reportedly best-selling motor coach lines across North America.

CarFair Composites, another brand, offers composites technology and fiber-reinforced plastic design. The company operates through facilities located between St. Cloud, MN; Gillett, WI; Wausaukee, WI in the United States and Winnipeg in Canada.

Plaxton operates as an independent motor coach provider in the United Kingdom.