New Flyer CEO Sees Growth as U.S. Buses Age
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New Flyer Industries Inc., the largest transit bus manufacturer in North America, forecasts sales will rise about 32 percent after buying an Alabama-based competitor and as U.S. cities start to replenish fleets.
“The U.S. starved the upgrade of their fleets for a period of time,” Chief Executive Officer Paul Soubry said in an Aug. 30 interview in Winnipeg, where the company is based. “You’ve got more people now getting back on transit because jobs are back up and you’ve got states being a little healthier with their funds.”