NFI’s New Flyer Lands $64M CNG Bus Order From San Diego MTS

NFI Group Inc. (OTC: NFYEF) said subsidiary New Flyer of America has received an order from the San Diego Metropolitan Transit System for 73 Xcelsior compressed natural gas (CNG) heavy‑duty transit buses. The purchase, worth about 64 million dollars and representing 96 equivalent units, includes 50 forty‑foot and 23 sixty‑foot buses and comes in year four of a five‑year contract originally awarded in 2022.

Supporting fleet modernization and low‑emission goals

San Diego Metropolitan, which provides roughly 80 million trips annually, will use the new CNG buses to replace end‑of‑life vehicles and continue modernizing a fleet that already leans heavily on lower‑emission CNG technology. New Flyer’s Xcelsior CNG buses are designed for long range, lower emissions versus diesel, and compatibility with California’s tightening air‑quality standards, aligning with San Diego’s transit‑focused climate and reliability objectives.

Backlog and infrastructure angle for NFI investors

The order has been added to NFI’s firm backlog for Q4 2025, bolstering forward revenue visibility across its North American transit bus business. For NFI and NFYEF shareholders, the deal underscores New Flyer’s entrenched position with major agencies and highlights how CNG remains a meaningful bridge technology alongside battery‑electric and fuel‑cell buses in the company’s broader zero‑ and low‑emission portfolio.