October 28, 2016 3:42 PM ET


Company Overview of Motor Coach Industries International, Inc.

Company Overview

Motor Coach Industries International, Inc. designs, manufactures, and supplies transit buses and motor coaches. It offers luxury coaches, charter coaches, tour coaches, line haul coaches, and shuttles. The company also provides public sector, commuter, CNG commuter, hybrid commuter coaches, university, prisoner transport, US and CN federal agencies transportation, and pre-owned coaches. In addition, it offers after sales support, repair, maintenance, technical support, and financing solutions; and coach parts. The company offers its coach parts through its stores and online in North America. Motor Coach Industries International, Inc. was formerly known as Transportation Manufacturing Operati...

200 East Oakton Street

Des Plaines, IL 60018

United States

Founded in 1932

4,200 Employees





Key Executives for Motor Coach Industries International, Inc.

Chief Executive Officer and President
Age: 53
Executive Vice President of Sales & Marketing and Vice President of Public Sector Sales & Marketing
Vice President of New Coach Sales
Vice President of Public Sector
Compensation as of Fiscal Year 2016.

Motor Coach Industries International, Inc. Key Developments

Motor Coach Industries Provides Update on Contract Suspension

Motor Coach Industries provides an update regarding the New Jersey Transit (NJ TRANSIT) contract suspension and the Company reaffirms its total annual transit bus and motor coach delivery guidance for fiscal year 2016. NJ TRANSIT awarded a contract to MCI in October 2015 for approximately 772 commuter coaches and options for an additional 450 coaches over six years. In April 2016, after delivering three pilot coaches which successfully passed the in-service testing and evaluation phase, MCI received a notice-to-proceed and purchase order for the first fiscal year's production of 184 commuter coaches, of which 142 were scheduled to be delivered in calendar 2016. On July 7, 2016 after the first five coaches were delivered and accepted, NJ TRANSIT advised MCI that the replenishment of the New Jersey Transportation Trust Fund Account had been delayed and that the Governor of the State of New Jersey had issued Executive Order No. 210 declaring a 'State of Emergency and directing the immediate and orderly shutdown of all ongoing work funded by the TTFA'. It is important to note that NJ TRANSIT has only suspended the contract with MCI, as permitted under a specific provision, and not terminated the contract in whole or in part. It is MCI's understanding that NJ TRANSIT fully intends to acquire the coaches and rescind the suspension once the TTFA funding issue has been resolved. To that end, NJ TRANSIT advised MCI in a letter on August 30, 2016 that 'upon the rescission of the Executive Order and availability of TTFA funds for this contract, NJ TRANSIT will be able to authorize the continuation of work under the contract consistent with applicable obligations imposed by contract and statute'.

Motor Coach Industries to Build 42 More MCI D-Series Commuter Coaches for Denver Regional Transportation District

Motor Coach Industries (MCI) will build 42 more MCI D-Series Commuter Coaches for Denver Regional Transportation District ("RTD"), valued at approximately $24.6 million. Denver RTD is exercising an option on an earlier contract for 54 commuter coaches delivered in 2013. The agency purchased 59 additional MCI Commuter Coaches in 2015 for its new Flatiron Flyer BRT (bus rapid transit) service between Denver and Boulder. The newest coaches, to be delivered later in spring, will operate on RTD regular-route express service. The MCI Commuter Coach features plush, forward facing seating and overhead parcel racks with individual reading lights and airflow controls. Engineered to provide a comfortable, safe ride on express and highway routes, Denver RTD's new Commuter Coaches are each equipped 110V /USB outlets at each seat, bike racks, a wheelchair lift and the latest clean-diesel engine technology for near-zero emissions. The model, 2015's best-selling coach, also offers ease of maintenance and low total cost of operation. MCI's data shows the model to be 10 times more reliable than the closest competitor.

Motor Coach Industries International, Inc. Appoint Paul Soubry as President and Chief Executive Officer

Effective immediately, Paul Soubry, New Flyer Industries Inc.'s President and Chief Executive Officer, has also been appointed as President and Chief Executive Officer of Motor Coach Industries International, Inc. and its subsidiaries.

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