Winnipeg, Manitoba – Winnipeg’s New Flyer Industries has announced that it has received orders over the last three months for up to 1,482 buses, with a combined value of US$1.004 billion. These bring the total number of buses ordered to date in 2008 to 4,815 units, representing a total of US$2.78 billion in sales.
“We are extremely pleased that our unwavering strategic focus on new product development, vehicle reliability and comprehensive aftermarket support continues to drive increased share of the heavy-duty bus market in the U.S. and Canada,” said president and CEO John Marinucci.
The orders include a variety of configurations, including clean diesel, diesel-electric hybrid, gasoline-electric hybrid and compressed natural gas (CNG) systems.
The largest order is from the Chicago Transit Authority, which has approved the order of up to 900 60-foot diesel-electric hybrid buses. The CTA has ordered a total of 1,258 buses from New Flyer since 2002.
Other orders are from Brampton Transit in Brampton, Ontario, which has ordered 20 40-foot diesel-electric hybrid buses, with options for up to an additional 40 buses; Winnipeg Transit, which has exercised options for 30 40-foot diesel buses; and Metropolitan Transit Systems in San Diego, California, which has exercised options for 37 40-foot CNG buses.
In spite of current market conditions, company management said that it believes that material deferrals or cancellation of existing orders are unlikely, and that less than five per cent of all available options for 2008 have expired unexercised.