New Flyer Industries Discussion and Photos

[A. Wong]

Nice, a St. Catherine's DE40LF in the background.

[BusRider]

XC60 pictures,

and

[Ber]

omgsh.....major nosebleed!!!

anymore YRTs on the line or were those the only 2 visible?

[transit boy]

XC60 pictures,

***QUOTING PHOTOS IS NOT NECESSARY AND WILL NOT BE TOLERATED***

Nice looking buses

The last picture what did the inside look like.

[BusRider]

Nothing special...

[Ber]

hahaha lolz... dressed up nicely on the outside only lolz

bc transit doors thrown on too lolz

[A. Wong]

Very nice shots, thanks for sharing!

[yrt+viva=1system]

YRT buses are looking good, maybe it's the livery

[pccstreetcar4549]

What happens to these demo buses after there 3 years old or when they have out lived there use?

typically they get sold off, and alot of the times smaller transit systems get them because they can get a deal on it (like if you buy a dealer demo car since its used (but still pretty much brand new they just cant sell it new) you can get a good deal in most cases granted a bus costs way more than a car but same idea)

[BCT-3122-D800-10240]

bc transit doors thrown on too lolz

BC Transit doors? Those front doors are in Translink livery....! Not BC Transit.

[Ber]

whoops my bad... was thinking about tat.... but was concentrated more on my take home exam... lolz

[Waiting for 30 Minutes]

Well now that is out of our hair... did someone ask for the new YRT D40LFR's?

I think I see OC Transpo D60LFR sections!

[DavidW]

I think I see OC Transpo D60LFR sections!

I believe these are all pictures of Ottawa buses.

[DavidW]

Two YRT factory shots.

[ttcgeek]

Two YRT factory shots.

Nice captures!

[BCT-3122-D800-10240]

DRT #8472 spotted completed in full livery at NFI earlier today along with a couple of plain white DRT spec'ed D40LF's.

[YRT-Guy]

Couldn't get the NewFlyer site working for some reason.. anyhow:

http://www.smartbahu.com/node/605106

New Flyer Announces Third Quarter 2010 Orders and Backlog

Submitted by editor on October 20, 2010 - 21:30

/CNW/ - New Flyer Industries Inc. (TSX:NFI.UN) (New

Flyer or the Company), the leading manufacturer of heavy-duty

transit buses in Canada and the United States, announced strong order

activity for the third quarter of 2010 of 861 buses or 1,125 equivalent

production units or EUs, for a total of US $466 million. This order

activity is made up of new firm and new option orders of 660 buses (813

EUs) and exercised options of 201 buses (312 EUs).

These third quarter orders are from both current and new customers and

are for a variety of vehicle configurations and propulsion systems,

including 35-, 40- and 60-foot buses with clean diesel, diesel-electric

hybrid, and compressed natural gas (CNG) propulsion systems.

Approximately 67% of the EUs in these orders are clean-propulsion

(i.e., hybrid or CNG) vehicles.

New Flyers total backlog as of October 3, 2010 was 9,011 EUs, which is

a 6% increase over the 8,492 EUs in the backlog as of July 4, 2010.

The firm portion of the total backlog remained steady at 2,145 EUs,

compared with 2,136 EUs at the end of the previous quarter. The value

of the order backlog as of October 3, 2010 increased by $300 million to

$3.8 billion, compared with $3.5 billion as of July 4, 2010. Clean

propulsion vehicles represent approximately 64% of the total backlog.

Some of the order activity during the quarter included:

New York City Transit, the largest transit agency in North America, awarded New Flyer a

contract for 475 - 40 CNG buses. The order includes firm orders for

135 buses and up to 340 additional options. This order was the subject

of a press release previously issued by the Company on August 20, 2010.

The Port Authority of Allegheny County, the transit agency in Pittsburgh, PA, ordered 25 - 60 diesel buses

(50 EUs) with options for up to an additional 125 - 60 buses (250

EUs). This is the first time that New Flyer has manufactured buses for

Pittsburgh, which is among the 25 largest transit agencies in North

America. With this order, 21 of the top 25 transit agencies will be

operating New Flyer buses.

Sound Transit, the regional transit agency in the Seattle, WA, area, converted

options to firm orders for 25 - 60 buses (50 EUs). The order consists

of both diesel buses and diesel-electric hybrid buses.

King County Metro, the transit agency within the city of Seattle, converted options for

86 additional 60 hybrid buses (172 EUs).

Champaign-Urbana Mass Transit District of Champaign, IL, ordered an additional 23 - 40 hybrid buses. Champaign is a long-time

New Flyer customer and continues to renew its fleet with this major

order.

York Region Transit of Newmarket, ON, has exercised options for an additional 20 - 40 diesel buses.

Including this order, York Region has ordered a total of 58 buses from

New Flyer in 2010.

New Flyers management continues to view the North American market for

heavy-duty transit buses as challenging and recognizes the market,

especially in the United States, is softer than in recent years.

Pricing over the past year continues to be very competitive and it is

expected to remain as such throughout the next one to two years.

Management now estimates the total market size for deliveries in 2010

to be approximately 500 EUs below the previous management estimates of

5,500 - 6,000 EUs. While there have been some additional US federal

funding programs announced in 2010, management does not anticipate a

recovery of the market to 2008 levels until at least 2012.

The Companys customers continue to advise that operating and local

capital match funding challenges are the primary cause for the delays

or decrease in procurement activity. Management continues to monitor

the economic and funding conditions and the procurement activity of its

customers in the US and Canada and will adjust the Companys production

schedule as required to address such conditions.

The American Public Transportation Association reported that total

transit ridership increased 0.1% in the second quarter of 2010 (being

the first increase in six consecutive quarters), but reported that bus

ridership declined 1.7% in the same quarter. This decline in bus

ridership however, was less than decreases experienced in previous

quarters.

On a positive note, the Nelson A. Rockefeller Institute reported that

overall US state tax revenues grew 2.2% in the second quarter of 2010

compared to the same quarter in 2009.

Delays by customers in issuing procurements and awarding contracts,

starting in the first quarter of 2010 have led to decreased order

activity across the market compared to previous years. Although the

Companys awards have increased in the last two quarters, the first

quarter of 2010 had essentially no award activity. While management

has not yet set the Companys 2011 production rate, this decreased

award activity may have a slight negative impact on next years line

entries.

New Flyers current backlog consists of the following mix of products:

Firm EUs

Options EUs

Total

40 foot and under buses

1,001

3,632

4,633

60 foot buses

1,144

3,234

4,378

Total

2,145

6,866

9,011

Options included in the backlog expire, if not exercised, as follows:

Expiry year

Option EUs

2010

152

2011

1,090

2012

1,355

2013

2,707

2014

752

2015

810

Total Options

6,866

During the quarter, 267 options from one customer were reinstated and

the option term extended by one year. In total, 35 options expired in

the quarter for a total of 133 options expiring year-to-date in 2010.

There are approximately 14,600 EUs in New Flyers current new potential

pipeline or bid universe for heavy-duty transit buses, an increase from

the approximately 13,900 EUs reported as of July 4, 2010.

NOTE: All dollar amounts are stated in US currency based on an exchange

rate of US $1.00 = Cdn. $1.05 to calculate the value of the Canadian

contracts in this release.

About New Flyer

New Flyer is the leading manufacturer of heavy-duty transit buses in the

United States and Canada. The Companys three facilities -- in

Winnipeg, MB, St. Cloud, MN and Crookston, MN - are all ISO 9001, ISO

14001 and OHSAS 18001 certified. With a skilled workforce of over 2,000

employees, New Flyer is a technology leader, offering the broadest

product line in the industry, including drive systems powered by clean

diesel, LNG, CNG and electric trolley as well as energy-efficient

gasoline-electric and diesel-electric hybrid vehicles. All products are

supported with an industry-leading, comprehensive parts and service

network. The Companys income deposit securities are traded on the

Toronto Stock Exchange under the symbol NFI.UN. Further information is

available on New Flyers web site at www.newflyer.com.

Forward-Looking Statements

This press release may contain forward-looking statements relating to

expected future events and financial and operating results of New Flyer

and New Flyer Industries Canada ULC (NFI ULC) 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 and economic conditions of and funding availability for

transit agencies to purchase buses and the other risks and

uncertainties discussed in the materials filed with the Canadian

securities regulatory authorities and available on SEDAR at

www.sedar.com. Due to the potential impact of these factors, New Flyer

and NFI ULC disclaim 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.

[general682002]

Couldn't get the NewFlyer site working for some reason.. anyhow:

Interesting for the YRT additional order, that means this will be the last bus purchase as next year Ontario will not be funded anymore new buses. So, might as well make the option order and at the same time, more interesting fleet swap too from division to division!

[RailBus63]

So, new firm orders for only 183 buses this quarter (ant that number would look much worse if it wasn't for NYC's order). The slowdown in transit bus building is definitely here, although NFI is still in good shape thanks to its backlog and open option orders.

[DavidW]

More pictures from inside the New Flyer factory on Saturday October 16th.

I believe these three pictures are buses for Red Deer, Saint Catharines, and Shreveport.

[A. Wong]

Correct you are, except for I can't tell on the Sheveport. Nor do I even know where that is...

I can't tell if it's just reflection, but the bus shell in front of the Red Deer one looks like it has Tri-Met colors.

Thanks for posting these pictures by the way, much appreciated!

[BusRider]

I can't tell if it's just reflection, but the bus shell in front of the Red Deer one looks like it has Tri-Met colors.

I believe that bus is a YRT D40LFR.

[2044]

More pictures from inside the New Flyer factory on Saturday October 16th.

I believe these three pictures are buses for Red Deer, Saint Catharines, and Shreveport.

Is the Shreveport bus a 40 footer?

Correct you are, except for I can't tell on the Sheveport. Nor do I even know where that is...

I can't tell if it's just reflection, but the bus shell in front of the Red Deer one looks like it has Tri-Met colors.

Thanks for posting these pictures by the way, much appreciated!

He's likely refering to Shreveport Louisiana's SporTran system. They are expecting 5 CNG New Flyer low floor buses later this year.

[Mr. Engineer]

XC60 pictures,

http://www.awesysnet.ca/cptdb/uploads/BU_NF_2%20074r.png

http://www.awesysnet.ca/cptdb/uploads/BU_NF_2%20079r.png

http://www.awesysnet.ca/cptdb/uploads/BU_NF_2%20075r.png

http://www.awesysnet.ca/cptdb/uploads/BU_NF_2%20086r.png

Wow!!! XC60 looks HOT!! Its obviously still in development stages though. I thought it might be almost ready for market.... One thing I noticed: those centre axle wheel wells are HUGE!! I just hope NFI isnt gonna put rear facing seats there. No need to Nova-ize the 60ft Xcelsior...... But it looks good so far. Did you manage to get any info on when its going for Altoona testing? Or is it too early in development to even consider that? If only ZUM in Brampton could get their hands on a few of these bad boys. The 501A would run a lot smoother. Did hear rumours that this might be possible at some point. Any more pics where these came from??

Couldn't get the NewFlyer site working for some reason.. anyhow:

[url=http://www.smartbahu.com/node/605106]http://www.smartbahu.com/node/605106

Ya, NFI is hanging in there. But I've seen that all the manufacturers are pretty much in the same boat. The order pipline has really dried up this year....

More pictures from inside the New Flyer factory on Saturday October 16th.

I believe these three pictures are buses for Red Deer, Saint Catharines, and Shreveport.

Nice pics from inside the plant everyone!! Those YRT LFRs look nice. If only NFI could do something about the HVAC that they'll have... Any more to share?

[yrt+viva=1system]

For the HVAC, does it have to be positioned at the front of the bus?