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Overview
New Flyer designs, builds, and sells transit buses for city and commuter networks, and is part of the NFI Group. Its products include low-floor, accessible buses and other mass-transit vehicles, assembled from a bus chassis and body with integrated propulsion and control systems, tailored for urban and regional fleets. The company differentiates itself through a long history of bus manufacturing, a track record of accessible design (North America’s first low-floor bus in 1988), and by expanding globally through acquisitions of other bus manufacturers to offer a broader portfolio and service footprint. Its goal is to provide reliable, accessible, and scalable bus solutions for public transportation across markets worldwide.
About New Flyer
Industries
Automotive & Transportation
Industrial & Manufacturing
Company Size
1-10
Company Stage
IPO
Headquarters
Winnipeg, Canada
Founded
1930
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Simplify's Take
What believers are saying
- NFI reported $13.0 billion backlog and reaffirmed 2026 guidance on May 7.
- Washington Metro, San Diego MTS, Westchester County, and NJ TRANSIT added orders in 2026.
- Winnipeg's expanded facility added 250 jobs and lifts capacity by 240 equivalent units annually.
What critics are saying
- Jobs to Move America sued New Flyer over wage and hiring promises on $500 million orders.
- NFI's 2023 refinancing pushed maturities to April 2026, signaling balance-sheet stress.
- Tariffs, supply-chain disruptions, and battery recalls directly threaten margins through 2026 and 2028.
What makes New Flyer unique
- New Flyer dominates North American heavy-duty transit buses with 35,000 buses in service.
- Its Winnipeg True North facility now completes Canadian-built transit buses end-to-end.
- The Xcelsior platform spans hybrid, CNG, diesel, battery-electric, and hydrogen-adjacent fleets.
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Funding
Total Funding
$930M
Above
Industry Average
Funded Over
2 Rounds
Benefits
Paid Holidays
Paid Vacation
401(k) Company Match
Company News
US: Westchester County orders 121 hybrid-electric buses from New Flyer. Published: 24 Jul 2026 The Westchester County Department of Public Works and Transportation has placed an order with New Flyer for 121 hybrid-electric buses to expand and modernise its Bee-Line transit fleet. The order comprises 116 40-foot Xcelsior hybrid-electric buses and five 35-foot models. Sixteen of the 40-foot vehicles will be configured for express services, featuring a single entrance door and overhead luggage racks. New Flyer 35-foot Xcelsior(R) hybrid-electric bus The latest procurement continues Westchester County's use of hybrid-electric buses supplied by New Flyer, supporting the Bee-Line system's ongoing fleet renewal programme. Westchester County Executive Ken Jenkins said: Investing in its Bee-Line fleet means investing in the people who rely on public transportation every day. These new hybrid-electric buses will provide a more reliable, comfortable and sustainable ride while helping a2b Global Media Ltd reduce emissions and modernise one of the region's busiest transit systems. The Bee-Line bus network operates throughout Westchester County, New York, providing services across urban and suburban routes and carrying millions of passengers each year. The order adds to New Flyer's presence in the North American hybrid-electric bus market, where it supplies vehicles to public transport operators across the United States and Canada. Chris Stoddart, President, North American Bus and Coach, NFI said: Westchester County is clearly committed to expanding and modernizing its fleet with proven hybrid-electric technology. This award highlights the strength and versatility of its hybrid platform, which supports a wide range of service needs, from local transit operations to express suburban routes. a2b Global Media Ltd is proud to provide dependable, efficient mobility solutions that help communities meet their transportation objectives while delivering an improved passenger experience.
NFI Group: San Diego extends partnership with New Flyer through new order for 73 CNG buses. ST. CLOUD, Minn., April 07, 2026 (GLOBE NEWSWIRE) - NFI Group Inc. (NFI) (TSX: NFI, OTC: NFYEF, TSX: NFI.DB), a leading manufacturer of buses and coaches and a provider of comprehensive aftermarket parts and service solutions, subsidiary New Flyer of America Inc. (New Flyer), today announced that the San Diego Metropolitan Transit System (MTS) has exercised an option to purchase an additional 50 forty-foot and 23 sixty-foot Xcelsior(R) compressed natural gas heavy-duty transit buses. The order comes in the fourth year of a five-year contract originally announced in 2022. This latest purchase, valued at approximately $64 million including 96 equivalent units, was added to NFI's firm backlog for the fourth quarter of 2025. MTS has been serving the San Diego community for nearly 140 years and today facilitates more than 80 million passenger trips annually, making it a critical part of the region's transportation network. The agency operates almost 100 fixed-route bus lines and four light rail lines, supporting mobility for approximately three million residents across San Diego County. The order supports skilled manufacturing jobs across New Flyer's U.S. operations and contributes to a strong domestic transit manufacturing supply chain, consistent with Buy America requirements. The new vehicles will help modernize the MTS fleet by replacing end-of-life buses with more efficient, low-emission models designed to meet the agency's operational and service requirements. "As one of the first transit systems in Southern California, MTS continues to lead the way in both safety and service quality," says Chris Stoddart, President, North American Bus and Coach, NFI. "Having partnered with MTS for more than a decade, New Flyer is proud to support MTS with clean, safe, and innovative CNG technology." "MTS and New Flyer have built a strong partnership over many years, and this new order keeps our bus fleet modern and efficient," said Sharon Cooney, MTS Chief Executive Officer. "Safety and reliability in our fleet are at the top of our priorities. These Xcelsior buses ensure our passengers continue to experience dependable, high-quality transit service across San Diego County." The new buses will expand MTS's ability to deliver convenient mobility for residents and visitors across San Diego County. As the agency continues to invest in its fleet, these vehicles will support high-quality service for millions of passengers and help keep people connected to jobs, education, and essential services. NFI is a leading independent global bus and coach manufacturer and a provider of aftermarket parts and service solutions. With more than 9,000 team members across ten countries and operations spanning over 40 facilities, NFI delivers a comprehensive portfolio of bus and coach platforms. Through its brands New Flyer(R)(heavy-duty transit buses), MCI(R)(motorcoaches), Alexander Dennis Limited (single- and double-deck buses), ARBOC(R)(low-floor cutaway and medium-duty buses), and NFI Parts(TM), NFI supports a diverse and extensive portfolio, serving public transit, commuter, and coach markets. In total, NFI supports an installed base of more than 100,000 buses and coaches worldwide. NFI offers a broad range of propulsion systems, 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 advanced diesel technologies, providing agencies with multiple fleet technology options. NFI's common shares trade on the Toronto Stock Exchange (TSX: NFI) and its convertible unsecured debentures trade 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. About New Flyer New Flyer is North America's heavy-duty transit bus leader and offers the most advanced product line under the Xcelsior(R) and Xcelsior CHARGE(R) brands. It also offers infrastructure development through NFI Infrastructure Solutions(TM), 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 motors 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 convenience; 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 risks 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 [email protected] For investor inquiries, please contact: Stephen King P: 204.792.1300 [email protected] Plug into more green Stock news. Tap into the pulse of emerging green sectors every morning. Top daily headlines from clean energy, cleantech, cannabis, and sustainable transport stocks:
New Flyer unveils Winnipeg facility for all-canadian-built electric transit buses. 'True North is no longer a project name, it's an actual operating facility': former NFI CEO For the first time in 15 years, a fully Canadian-built transit bus has rolled off an assembly line, marking a major milestone, officials said Tuesday at an unveiling ceremony in Winnipeg. "This project is about putting a made-in-Canada stamp on the low-carbon economy," Premier Wab Kinew said at New Flyer's newly expanded facility. "By bringing full bus manufacturing back to Winnipeg, this facility strengthens our domestic supply chain, creates good jobs and reinforces Manitoba's position at the cutting edge of zero-emission transportation technology." New Flyer, a subsidiary of the multinational corporation NFI Group, announced the expansion plans in October 2024, after months of planning and securing $38 million from the federal and provincial governments. "We called this project True North, and today I'm proud to say True North is no longer a project name, it's an actual operating facility," Paul Soubry, NFI's former president and CEO, said Tuesday. "[Today] isn't just a ribbon-cutting - this place is actually building and delivering buses." Soubry, who retired as CEO in January and is now an adviser with NFI, said the new facility adds about 250 jobs and is where New Flyer's Xcelsior hybrid-electric buses are now being designed, engineered and built. That means jobs requiring advanced manufacturing skills, supply chain investments and long-term economic impact, he said. "This truly is an all-Canadian project... building buses for Canadian communities by Canadians." NFI's global headquarters in Winnipeg employs nearly 3,000 Manitobans, according to a Tuesday news release from the province. Its buses are currently used in Winnipeg, Vancouver, Edmonton, Calgary, Saskatoon, Toronto, Ottawa, Brampton, Mississauga and Halifax. Prior to the expanded facility, the company built bus shells in Winnipeg and completed them in the U.S. The new changes mean capacity at the U.S. plant has been freed up to finish buses for American customers, Soubry said, calling it "a win-win for our customers." "The last time a bus was completed in Canada was 15 years ago at New Flyer," he said. The current trade war highlights the importance of having Canadian-based production, federal Industry Minister Mélanie Joly said at Tuesday's event. Uncertainty, unpredictability and turbulence will likely continue, she said. "There are many things in the world that we can't control, but we can control what we're doing here, in the country," said Joly, calling New Flyer "the example of what can be done elsewhere in the country." Being able to build to completion in Winnipeg means more materials can be sourced in Canada, though some simply can't be, Soubry said, noting there is no engine supplier in this country. As for the New Flyer buses sent to the U.S., the company can't ship off completed units due to "buy American" requirements. Those demand that 70 per cent of material be U.S. origin and all final assembly be done in the U.S. That means New Flyer can send off little more than the shell of a bus, which is then finished by the U.S. plant. As of right now, New Flyer is building about 20 transit bus shells per week, with five being finished for Canadian destinations and 15 going to the U.S. "What we're trying to do is build what we can from Canada, for Canada, and build in the U.S. for the U.S.," Soubry said.
News wednesday March 4, 2026. By Shelly Thompson Mar 4, 2026 | 8:53 AM New Flyer Industries cut the ribbon on its new bus manufacturing facility in Wpg Tuesday. Its Premier says They plan to build buses from start to finish for Canadian distribution for the first time in more than a decade. About 20 bus shells are being built weekly, with 15 being shipped to U.S. customers, with 5-for Canadian customers. The City of Brandon purchased 4-new buses from "New Flyer"earlier this year. The B.C. chief coroner announced an inquest into the Tumbler Ridge tragedy The inquest will look at the circumstances around the 9-deaths in the small northern B.C. community. The role is to determine facts, not assign fault. The Feb. 10 tragedy was one of the worst mass shootings in Canadian history. Israel and the U.S. launched a new wave of attacks on I-ran Tuesday. Turkey is the latest country to be drawn into the conflict, after NATO air and missile defence systems destroyed an Iranian ballistic missile on its way to Turkish airspace. Prime Minister Mark Carney said Canada has long supported efforts to dismantle Iran's nuclear program, but called for a "rapid de-escalation of hostilities" to save civilian lives. The Brandon Teachers' Association is urging Trustees to protect 5.4 additional full-time equivalent teaching positions. The B-T-A reminded the board that a request for 15 full time teachers in 2025; was denied. This as trustees move to finalize the 2026-27 budget next week; The board has recommended a 7.25 per cent education property tax increase. The final 2026-27 budget is due to the province by March 31st. Manitoba Hydro hosted an open house on it's proposed natural gas transmission pipeline project; tied to a new combustion turbine facility near Brandon. Dozens of residents, landowners and municipal representatives turned out to offer feedback Tuesday night. The Brandon Sun says construction timelines on Hydro's website states; that a licensing decision is expected in late 2027. Combustion turbine unit construction to begin, if approved, in early 2028, with a target in-service date of summer 2030. Health care, and deficit are expected to be focus of the spring sitting of the Manitoba legislature. The NDP government plans to introduce 19 bills, including motions on staff-to-patient ratios, and ending mandatory overtime for nurses, banning machetes from parks and public places, and banning employers from requiring sick notes for short-term worker absences. The annual budget is March 24. The Government is promising to stop running deficits before the next election in 2027. The deficit for the current fiscal year, which ends March 31, is expected to reach $1.6 billion - more than double the $794 million originally planned in the budget. On air. Now playing. JAN 09 - MAY 08
NFI Group has officially opened New Flyer's Customer Acceptance and Delivery facility in Winnipeg, enabling complete domestic production of heavy-duty transit vehicles, including zero-emission buses, in Canada for the first time in 15 years. The facility, built with federal and provincial investment alongside NFI's internal funding, began construction in late 2024 and started production in September 2025. Durham Transit received the first All-Canadian build in December 2025. The facility will expand New Flyer's production capacity by up to 240 equivalent units annually by 2027, with four line entries expected weekly. The expansion creates hundreds of skilled manufacturing jobs and strengthens Canada's domestic supply chain whilst allowing New Flyer's US facilities to focus on American customers.
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About New Flyer
Industries
Automotive & Transportation
Industrial & Manufacturing
Company Size
1-10
Company Stage
IPO
Headquarters
Winnipeg, Canada
Founded
1930
New Flyer is Hiring for 56 Jobs on Simplify!
Find jobs on Simplify and start your career today