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New Flyer Industries
New Flyer is a Canadian multinational bus manufacturer, specializing in the production of transit buses. New Flyer is owned by the NFI Group, a holding company for several bus manufacturers. New Flyer has several manufacturing facilities in Canada and the United States that produce the company's main product, the New Flyer Xcelsior family of buses. History New Flyer was founded by John Coval in 1930 as the Western Auto and Truck Body Works Ltd in Manitoba. The company began producing buses in 1937, selling their first full buses to Grey Goose Bus Lines in 1937, before releasing their Western Flyer bus model in 1941, prompting the company to change its name to Western Flyer Coach in 1948. In the 1960s, the company further focused on the urban transit bus market. In 1971, the then-financially struggling Western Flyer was sold to the Manitoba Development Corporation, an agency of the government of Manitoba, and renamed Flyer Industries Limited.Stauss, Ed (1988). ''The Bus World En ...
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New Flyer Xcelsior
The New Flyer Xcelsior is a line of transit buses available in 35' rigid, 40' rigid, and 60' articulated nominal lengths manufactured by New Flyer Industries since 2008. In addition to the different available lengths, the buses are sold with a variety of propulsion systems: conventional diesel, compressed natural gas (CNG), diesel-electric hybrid, hydrogen fuel cell, overhead electric wire and battery electric. A future autonomous bus variant was announced in January 2021. Model codes For example, a New Flyer XE40 NG is a 40' (nominal) rigid Next Generation Xcelsior with battery-electric power, or an XN60 is a 60' articulated Original Generation Xcelsior with CNG power. History The Xcelsior was introduced October 2008 APTA Expo held in San Diego. The Xcelsior started off as a set of improvements to the company's prior product, the New Flyer Low Floor, but over the development process the company said it ended up designing a new bus. Compared to the Low Flyer, the Xcel ...
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Transportation
Transport (in British English), or transportation (in American English), is the intentional movement of humans, animals, and goods from one location to another. Modes of transport include air, land (rail and road), water, cable, pipeline, and space. The field can be divided into infrastructure, vehicles, and operations. Transport enables human trade, which is essential for the development of civilizations. Transport infrastructure consists of both fixed installations, including roads, railways, airways, waterways, canals, and pipelines, and terminals such as airports, railway stations, bus stations, warehouses, trucking terminals, refueling depots (including fueling docks and fuel stations), and seaports. Terminals may be used both for interchange of passengers and cargo and for maintenance. Means of transport are any of the different kinds of transport facilities used to carry people or cargo. They may include vehicles, riding animals, and pack animals. Vehicl ...
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Articulated Bus
An articulated bus, also referred to as a banana bus, bendy bus, tandem bus, vestibule bus, wiggle wagon, stretch bus, or an accordion bus, (either a motor bus or trolleybus) is an articulated vehicle used in public transportation. It is usually a single-decker, and comprises two or more rigid sections linked by a pivoting joint (articulation) enclosed by protective bellows inside and outside and a cover plate on the floor. This allows a longer legal length than rigid-bodied buses, and hence a higher passenger capacity (94–120), while still allowing the bus to maneuver adequately. Due to their high passenger capacity, articulated buses are often used as part of bus rapid transit schemes, and can include mechanical guidance. Articulated buses are typically long, in contrast to standard rigid buses at long. The common arrangement of an articulated bus is to have a forward section with two axles leading a rear section with a single axle, with the driving axle mounted on e ...
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Manitoba Hydro
The Manitoba Hydro-Electric Board, operating as Manitoba Hydro, is the electric power and natural gas utility in the province of Manitoba, Canada. Founded in 1961, it is a provincial Crown Corporation, governed by the Manitoba Hydro-Electric Board and the Manitoba Hydro Act. Today the company operates 15 interconnected generating stations. It has more than 527,000 electric power customers and more than 263,000 natural gas customers. Since most of the electrical energy is provided by hydroelectric power, the utility has low electricity rates. Stations in Northern Manitoba are connected by a HVDC system, the Nelson River Bipole, to customers in the south. The internal staff are members of the Canadian Union of Public Employees Local 998 while the outside workers are members of the International Brotherhood of Electrical Workers Local 2034. Manitoba Hydro headquarters in the downtown Winnipeg Manitoba Hydro Place officially opened in 2009. Abbreviated history 1873–1960: e ...
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Mitsubishi Heavy Industries
is a Japanese multinational engineering, electrical equipment and electronics corporation headquartered in Tokyo, Japan. MHI is one of the core companies of the Mitsubishi Group and its automobile division is the predecessor of Mitsubishi Motors. MHI's products include aerospace and automotive components, air conditioners, elevators, forklift trucks, hydraulic equipment, printing machines, missiles, tanks, power systems, ships, aircraft, railway systems, and space launch vehicles. Through its defense-related activities, it is the world's 23rd-largest defense contractor measured by 2011 defense revenues and the largest based in Japan. History In 1857, at the request of the Tokugawa Shogunate, a group of Dutch engineers were invited, including Dutch naval engineer Hendrik Hardes, and began work on the ''Nagasaki Yotetsusho'' 長崎鎔鉄所 , a modern, Western-style foundry and shipyard near the Dutch settlement of Dejima, at Nagasaki. This was renamed ''Naga ...
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Toronto Stock Exchange
The Toronto Stock Exchange (TSX; french: Bourse de Toronto) is a stock exchange located in Toronto, Ontario, Canada. It is the 10th largest exchange in the world and the third largest in North America based on market capitalization. Based in the EY Tower in Toronto's Financial District, the TSX is a wholly owned subsidiary of the TMX Group for the trading of senior equities. The Toronto Stock Exchange was established in 1861, and incorporated by the Legislative Assembly of Ontario in 1878. The Toronto Stock Exchange became the sole Canadian exchange for senior equities in 1999. In 2002, the exchange became a publicly-traded company and rebranded from the TSE to the ''TSX'' A broad range of businesses from Canada and abroad are represented on the exchange. In addition to conventional securities, the exchange lists various exchange-traded funds, split share corporations, income trusts and investment funds. More mining and oil and gas companies are listed on Toronto Stock Exch ...
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Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc), i ...
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Lightyear Capital
Lightyear Capital is a private equity firm focused on leveraged buyout and growth capital investments in financial services companies. The firm, which is based in New York City, was founded in 2002 with the backing of UBS AG by Donald Marron. Marron is best known for building up PaineWebber over a 23-year career and completing its sale to UBS AG in late 2000 for $10.8 Billion. Marron was also a founder of Data Resources Inc. The firm has raised approximately $3 billion since inception across its five funds. In May 2002, Lightyear closed on its first fund, The Lightyear Fund, with $750 million of investor commitments, approximately $500 million of which came from UBS AG. In 2006, the firm completed fundraising for its second private equity fund, with $850 million of commitments from over 40 investors. In March 2021, the firm filed documents stating that it had raised over $1.27 billion with 24 investors for its fifth fund, Lightyear Capital V. Among the firm's most notable inve ...
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Harvest Partners
Harvest Partners is a private equity firm focused on leveraged buyout and growth capital investments in middle market industrial, business services, consumer and retail companies. The firm, which was founded in 1981 by Harvey Mallement and Harvey Wertheim, is based in New York City. Prior to co-founding Harvest, Mallement was managing partner of Masco Associates, making private equity investments on behalf of Masco Corporation and Wertheim managed venture capital and private equity investment activities at Research and Science Investors, a venture capital and investment management firm. Since inception, Harvest has raised approximately $5 billion of investor capital across seven investment funds: * 1992 - $20m - Harvest Partners I * 1996 - $120m - Harvest Partners II * 1997 - $362m - Harvest Partners III * 2002 - $558m - Harvest Partners IV * 2006 - $815m - Harvest Partners V * 2011 - $1.1b - Harvest Partners VI * 2016 - $2.2b - Harvest Partners VII * 2020 - $4.1b - Harvest Pa ...
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Private Equity
In the field of finance, the term private equity (PE) refers to investment funds, usually limited partnerships (LP), which buy and restructure financially weak companies that produce goods and provide services. A private-equity fund is both a type of ownership of assets ( financial equity) and is a class of assets (debt securities and equity securities), which function as modes of financial management for operating private companies that are not publicly traded in a stock exchange. Private-equity capital is invested into a target company either by an investment management company (private equity firm), or by a venture capital fund, or by an angel investor; each category of investor has specific financial goals, management preferences, and investment strategies for profiting from their investments. Each category of investor provides working capital to the target company to finance the expansion of the company with the development of new products and services, the restructuring ...
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Seattle, Washington
Seattle ( ) is a port, seaport city on the West Coast of the United States. It is the county seat, seat of King County, Washington, King County, Washington (state), Washington. With a 2020 population of 737,015, it is the largest city in both the U.S. state, state of Washington and the Pacific Northwest region of North America. The Seattle metropolitan area's population is 4.02 million, making it the List of metropolitan statistical areas, 15th-largest in the United States. Its growth rate of 21.1% between 2010 and 2020 makes it one of the nation's fastest-growing large cities. Seattle is situated on an isthmus between Puget Sound (an inlet of the Pacific Ocean) and Lake Washington. It is the northernmost major city in the United States, located about south of the Canada–United States border, Canadian border. A major gateway for trade with East Asia, Seattle is the fourth-largest port in North America in terms of container handling . The Seattle area was inhabited by Nat ...
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King County Metro
King County Metro, officially the King County Metro Transit Department and often shortened to Metro, is the public transit authority of King County, Washington, which includes the city of Seattle. It is the eighth-largest transit bus agency in the United States. In , the system had a ridership of , or about per weekday as of . Metro employs 2,716 full-time and part-time operators and operates 1,540 buses. King County Metro formally began operations on January 1, 1973, but can trace its roots to the Seattle Transit System, founded in 1939, and Overlake Transit Service, a private operator founded in 1927 to serve the Eastside. Metro is also contracted to operate and maintain Sound Transit's Central Link light rail line and eight of the agency's Sound Transit Express bus routes along with the Seattle Streetcar lines owned by the City of Seattle. Metro's services include electric trolleybuses in Seattle, RapidRide enhanced buses on six lines, commuter routes along the regional fre ...
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