Insights on national school bus contractor First Student’s purchase of Chicago area contractor Cook Illinois Corp., the Blue Bird 2026 Q1 earnings report, and a California study on lap/shoulder seatbelt efficacy.

“Make sure that the right people are on the right seats on the bus.” Heather Perry, superintendent of Schools for Maine’s Gorham Public Schools, was named as one of four finalists for the 2026 National Superintendent of the Year Award by The School Superintendents Association, AASA. She discusses her leadership journey, winter transportation operations, the value of collaboration and staff support, and a robust student career support program.

Read more about leadership.

This episode is brought to you by Transfinder.

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SCHENECTADY, N.Y. – Transfinder Corporation’s record-breaking growth continued in 2025, as the company closed the year with $50.15 million in revenue, a 19 percent increase over the prior year and the 28th consecutive year of annual revenue growth. Transfinder, the nation’s leading developer of school transportation management solutions, including routing software, parent and driver apps and fleet maintenance and law enforcement solutions, added 180 clients in 2025. Of those new clients, 64 of those new clients left competing systems.

President and CEO Antonio Civitella shared highlights from across the company’s departments and outlined ambitious plans for the year ahead during his annual “State of the Union” presentation that includes employees from every department. “We hit the goal I set at the start of 2025—$50 million in revenue,” Civitella said. “It was a total team effort.” For 2026, Civitella has set an even higher target, projecting $60 million in revenue.

Drivers of Growth:
Several factors contributed to Transfinder’s record-setting year. Hardware sales increased 22 percent to $11.5 million. Hardware sales included tablets and RFID card readers. A major driver of hardware growth was the continued adoption of Wayfinder, Transfinder’s driver app, which provides turn-by-turn navigation and student attendance tracking. Along with Transfinder’s flagship Routefinder PLUS routing solution, Wayfinder ranked among the most-purchased products in 2025, along with the Stopfinder parent app and Servicefinder maintenance solution.

Transfinder’s Patrolfinder solution closed 2025 with clients in four states. The first notable client being the Schenectady Police Department. The company also saw a significant rise in procurement activity, participating in 217 percentmore Requests for Proposals (RFPs) than in 2024. Transfinder won 51 percent of those RFPs,
generating more than $2.2 million in revenue.

“Transfinder has never been in a stronger position,” Civitella said. “We have the right team, the right solutions, and our finger on the pulse of the industry. We can now serve the largest districts in the country. There is no opportunity in this space that we will not go after.”

Industry Recognition and Engagement
In 2025, Transfinder once again earned recognition as a Best Place to Work, Top Workplace, and Best Company to Work For in New York State. Industry leaders also voted Transfinder Best Software, Best Hardware, and Best Safety Technology for the second consecutive year.“This isn’t just me saying we have the best team and the best solutions,” Civitella said. “Our clients are part of that recognition. More and more of them are stepping forward as references to share why they chose Transfinder.” The number of client references increased 244 percent in 2025.

Transfinder further strengthened its industry presence through its Annual Client Summit (ACS), which was held outside New York and Texas for the first time. The sold-out event took place in Nashville, Tenn., drawing a record 359 attendees.
Transfinder employees also went to more conferences last year, attending 67 compared with 25 in 2024.

Impact on Student Safety
“Perhaps the most meaningful growth isn’t revenue-related at all—it’s student-related,” Civitella said. “At the end of the day, what matters most is the safe transportation of every student.”

“Routefinder PLUS was named Best Software for a reason,” Civitella said. “We’ve cracked the code to make routing faster and easier while preventing students from crossing the street and helping districts manage the driver shortage. We are saving lives and saving districts significant money.”

Usage of the Wayfinder app also surged. Trips navigated using Wayfinder increased 103 percent to 5.3 million trips in 2025, while RFID attendance scans grew 210 percent to 21.9 million for the year.

Families increasingly relied on Stopfinder for real-time visibility into their children’s transportation. In 2025, 958 districts used Stopfinder, a 24 percent increase. Nearly 1 million subscribers received 128 million GeoAlert notifications, up 120 percent, including 57 million attendance notifications, an increase of 185 percent.“As a dad, I know how important peace of mind is,” Civitella said. “We have to get it right.

Growth in Fleet Safety and Operations
Transfinder’s Servicefinder also posted strong gains, growing 46 percent to 356 clients. Those districts documented 85,382 assets, completed 132,998 work orders, and submitted 989,143 vehicle inspection forms, representing triple-digit growth across all categories.

“We say it all the time—safety begins in the garage,” Civitella said. “Servicefinder ensures vehicles are reliable and safe, closing a critical gap in student transportation safety.”

2025 Highlights
• 28th consecutive year of revenue growth
• $50.15 million in annual revenue
• 180 new clients
• 13 new employees (212 total, most in the company’s history)
• Hardware sales up 22 percent
• Named Best Software, Best Hardware, and Best Safety Technology for the second straight year by School Transportation News
• Named to Inc.’s Fastest-Growing Companies list (13th time)
• Named to The Business Review Fastest-Growing Companies list
• Recognized as a Best Place to Work, Top Workplace, and Best Company to Work For in New York State
• Attended 67 conferences nationwide
• Hosted largest Annual Client Summit to date in Nashville, Tenn.

“We worked tirelessly on all fronts in 2025,” Civitella said. “There were no easy wins. But we grew financially, technologically, and mentally. We are sharper than ever—and I expect 2026 to be the best year in the company’s history.”

About Transfinder
Founded in 1988 and headquartered in Schenectady, New York, Transfinder is a national leader in intelligent transportation systems, providing transportation management systems and services to municipalities, school districts and police departments. Transfinder has been an Inc. magazine “fastest-growing company” 13 times.

The company provides software, hardware and consulting services. Transfinder received Best Software, Best Hardware and Best Safety Technology awards by industry leaders two years in a row andhas been named a Best Place to Work, Top Workplace and Best Company to Work for in New York State multiple times, For more information, visit www.transfinder.com

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VANCOUVER, Canada, – GreenPower Motor Company Inc. (Nasdaq: GP) (“GreenPower” or the “Company”), a leading manufacturer and distributor of all-electric, purpose-built, zero-emission medium and heavy-duty vehicles serving the cargo and delivery market, shuttle and transit space and school bus sector, today announced that it has received credit approval from CIBC for $5 million in financing facilities, comprised of a $3 million revolving line of credit and a $2 million term loan with a three year term. Additionally, the Company has received credit approval from CIBC to enter into a letter of credit of $450,000, secured by cash collateral, and a letter of credit facility of up to $2.5 million, which is subject to approval from another financial institution. GreenPower’s transaction with CIBC is subject to finalizing documentation, as well as satisfaction of all closing conditions, and all parties are actively working towards a timely completion. In addition, GreenPower has announced that it has closed $5 million in term loans from two family offices, which have provided personal joint and several guarantees in support of these credit facilities. A portion of the net proceeds from the financings will be used to repay and close the Company’s existing operating line of credit, with the remainder used for general corporate purposes. These transactions represent an important step in the recapitalization of the Company and will allow GreenPower to accelerate production of all-electric vehicles to fulfil existing customer orders.

The Company has agreed to issue 3,205,128 non-transferable share purchase warrants (each, a “Loan Bonus Warrant”) to one of the family offices. Each Loan Bonus Warrant entitles the holder to purchase one common share of the Company (each, a “Share”) at an exercise price of US$0.78 per Share for a period of thirty-six (36) months from the closing date of the Loan. In addition, the Company has agreed to issue to one of the family offices an aggregate of 641,025 Shares (each a “Loan Bonus Share”). The family offices are each considered to be a “related party” within the meaning of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“MI 61-101”) and each of the loans with the family offices and issuance of Loan Bonus Warrants and Loan Bonus Shares, as applicable, is considered to be a “related party transaction” within the meaning of MI 61-101 but each is exempt from the formal valuation requirement and minority approval requirements of MI 61-101 by virtue of the exemptions contained in Sections 5.5(g) and 5.7(e) of MI 61-101.

All securities issued in connection with the loans with the family offices will be subject to a statutory hold period of four months plus a day from the closing of the loan in accordance with applicable securities legislation.

About GreenPower Motor Company Inc.
GreenPower designs, builds and distributes a full suite of high-floor and low-floor all-electric medium and heavy-duty vehicles, including transit buses, school buses, shuttles, cargo van and a cab and chassis. GreenPower employs a clean-sheet design to manufacture all-electric vehicles that are purpose built to be battery powered with zero emissions while integrating global suppliers for key components. This OEM platform allows GreenPower to meet the specifications of various operators while providing standard parts for ease of maintenance and accessibility for warranty requirements. For further information go to www.greenpowermotor.com

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MACON, Ga.-Blue Bird Corporation (“Blue Bird”) (Nasdaq: BLBD), the leader in electric and low-emission school buses, announced today its fiscal 2025 third quarter results.
“I am incredibly proud of our team in delivering another outstanding result, achieving a new all-time quarterly record revenue and profit,” said John Wyskiel, President & CEO of Blue Bird Corporation. “The Blue Bird team continued to exceed expectations, improving operations, navigating tariffs, and expanding our leadership in alternative-powered buses. Our backlog remains strong with approximately 3,900 units at the end of the third quarter, despite industry orders slowing due to tariff-related pricing actions. Unit sales were above the same period as last year, and revenue was up by $65M, driven by product mix and pricing. We delivered an exceptional Adj. EBITDA of $58.5M for Q3 2025, a new all-time record for the Company.

“In our push to expand our leadership in alternative-powered school buses, we delivered a record 271 electric-powered buses this quarter. As of the end of the quarter, we have 1,200 EV buses either sold or in our firm order backlog, which supports our EV sales target for 2025.

“Based on our strong Q3 performance, we’ve raised our full-year financial guidance for Adjusted EBITDA to $210 million, with a 14.5% margin. This will be an all-time full-year record for Blue Bird, and we look forward to sustained profitable growth in the coming years.”

Raising FY2025 Guidance and Long-Term Outlook

“We are very pleased with the third quarter results, with our highest ever quarterly Adj. EBITDA,” said Razvan Radulescu, CFO of Blue Bird Corporation. “Our business is in a very strong position and we continue to deliver ahead of the plan we have been messaging. We are tightening our full-year 2025 guidance for Net Revenue at ~$1.45 Billion and raising our Adj. EBITDA guidance to $205-215 million and Adj. Free Cash Flow to $90-$100 million. Additionally, we are raising our long-term profit outlook towards an Adjusted EBITDA margin of 16%+ on ~$2 billion in revenue. We are confident in our profitable growth plans and are excited to announce a new $100 million share repurchase program.”

Fiscal 2025 Third Quarter Results

Net Sales

Net sales were $398.0 million for the third quarter of fiscal 2025, an increase of $64.6 million, or 19.4%, compared to $333.4 million for the third quarter of fiscal 2024. The increase in net sales is primarily due to an increase in Bus unit bookings, Bus customer and product mix changes and cumulative Bus price increases, including an increase that was intended to mitigate the impact of increased procurement costs for certain of our imported inventory as a result of the imposition of tariffs beginning during the third quarter of fiscal 2025, as well as a small increase in Parts sales.

Bus sales increased $64.2 million, or 20.8%, reflecting a 14.7% increase in unit bookings and a 5.4% increase in average sales price per unit. In the third quarter of fiscal 2025, 2,467 units booked compared to 2,151 units booked for the same period in fiscal 2024. The increase in unit price for the third quarter of fiscal 2025 compared to the same period in fiscal 2024 was primarily due to customer and product mix changes as well as price increases implemented to offset increases in inventory costs.

Parts sales increased $0.4 million, or 1.7%, for the third quarter of fiscal 2025 compared to the third quarter of fiscal 2024. This increase is primarily attributed to price increases implemented to offset increases in inventory costs that were partially offset by slight variations due to product and channel mix.

Gross Profit

Third quarter gross profit of $85.9 million represented an increase of $16.6 million from the third quarter of last year. The increase was primarily driven by the $64.6 million increase in net sales, discussed above, and partially offset by a corresponding increase of $48.1 million in cost of goods sold.

Net Income

Net income was $36.5 million for the third quarter of fiscal 2025, an increase of $7.7 million from the third quarter of last year. Among other smaller fluctuations, the $16.6 million increase in gross profit, discussed above, was offset by an increase of $6.2 million in selling, general and administrative expenses, primarily due to an increase in a) research and development expense in the third quarter of fiscal 2025 and b) labor costs.

Adjusted Net Income

Adjusted net income of $38.7 million represented an increase of $8.1 million from the third quarter of last year. The increase was primarily driven by the $7.7 million increase in Net Income, discussed above.

Adjusted EBITDA

Adjusted EBITDA was $58.5 million, which was an increase of $10.2 million compared with the third quarter of fiscal 2024. The increase primarily relates to the increase in gross profit, when adjusting for the impact of expenses that are excluded in calculating Adjusted EBITDA, as outlined in the gross profit discussion above that was partially offset by a smaller increase in selling, general and administrative expenses, when adjusting for the impact of expenses that are excluded in calculating Adjusted EBITDA, as discussed above.

Year-to-Date Fiscal 2025 Results

Net Sales

Net sales were $1,070.7 million for the nine months ended June 28, 2025, an increase of $73.8 million, or 7.4%, compared to $996.9 million for the nine months ended June 29, 2024. The increase in net sales is primarily due to an increase in Bus unit bookings, Bus customer and product mix changes and cumulative Bus price increases, including an increase that was intended to mitigate the impact of increased procurement costs for certain of our imported inventory as a result of the imposition of tariffs beginning during the third quarter of fiscal 2025, as well as a small increase in Parts sales.

Bus sales increased $73.7 million, or 8.0%, reflecting a 5.5% increase in units booked and a 2.4% increase in average sales price per unit. 6,892 units booked in the nine months ended June 28, 2025 compared with 6,534 units booked during the same period in fiscal 2024. The increase in unit price for the first nine months of fiscal 2025 compared to the same period in fiscal 2024 was primarily due to customer and product mix changes as well as price increases implemented to offset increases in inventory costs.

Parts sales increased $0.1 million, or 0.2%, for the nine months ended June 28, 2025 compared to the nine months ended June 29, 2024. This small increase is primarily attributed to price increases implemented to offset increases in inventory costs that were partially offset by slight variations due to product and channel mix.

Gross Profit

Fiscal year-to-date gross profit was $217.1 million, an increase of $20.5 million from the same period in the prior year. The increase was primarily driven by the $73.8 million increase in net sales, discussed above, and partially offset by a corresponding increase of $53.2 million in cost of goods sold.

Net Income

Net income was $91.2 million for the nine months ended June 28, 2025, a $10.3 million increase from the same period in the prior year. The increase in net income was primarily driven by the $20.5 million increase in gross profit, discussed above, and among other smaller fluctuations, was partially offset by an increase of $17.5 million in selling, general and administrative expenses, primarily due to an increase in a) share-based compensation expense recorded in the second quarter of fiscal 2025 relating to the retirement of our former President and Chief Executive Officer, b) labor costs and c) research and development expense.

Adjusted Net Income

Adjusted net income was $100.8 million for the nine months ended June 28, 2025, an increase of $11.3 million compared to the same period in the prior year. This is primarily due to the $10.3 million increase in Net Income, discussed above.

Adjusted EBITDA

Adjusted EBITDA was $153.4 million for the nine months ended June 28, 2025, an increase of $11.8 million compared to the same period in the prior year. This increase is primarily due to the increase in gross profit, when adjusting for the impact of expenses that are excluded in calculating Adjusted EBITDA, as outlined in the gross profit discussion above, that was partially offset by a smaller increase in selling, general and administrative expenses, when adjusting for the impact of expenses that are excluded in calculating Adjusted EBITDA, as discussed above.

Conference Call Details

Blue Bird will discuss its third quarter 2025 results in a conference call at 4:30 PM ET today. Participants may listen to the audio portion of the conference call either through a live audio webcast on the Company’s website or by telephone. The slide presentation and webcast can be accessed via the Investor Relations portion of Blue Bird’s website at www.blue-bird.com.

Webcast participants should log on and register at least 15 minutes prior to the start time on the Investor Relations homepage of Blue Bird’s website at http://investors.blue-bird.com. Click the link in the events box on the Investor Relations landing page.
Participants desiring audio only should dial 404-975-4839 or 833-470-1428. The access code is 189469.

A replay of the webcast will be available approximately two hours after the call concludes via the same link on Blue Bird’s website.

About Blue Bird Corporation
Blue Bird (NASDAQ: BLBD) is recognized as a technology leader and innovator of school buses since its founding in 1927. Our dedicated team members design, engineer and manufacture school buses with a singular focus on safety, reliability, and durability. School buses carry the most precious cargo in the world – 25 million children twice a day – making them the most trusted mode of student transportation. The company is the proven leader in low- and zero-emission school buses with more than 20,000 propane, natural gas, and electric powered buses in operation today. Blue Bird is transforming the student transportation industry through cleaner energy solutions. For more information on Blue Bird’s complete product and service portfolio, visit www.blue-bird.com.

The post Blue Bird Reports Fiscal 2025 Third Quarter Results; Beats Third Quarter Guidance With Record Results; Raising 2025 Guidance and Long-Term Outlook; $100M Share Buy-back Announced appeared first on School Transportation News.

COLUMBUS, Ind. — Cummins Inc. (NYSE: CMI) today reported results for the second quarter of 2025.

“We delivered strong second quarter results, driven by record profitability in our Power Systems and Distribution segments,” said Jennifer Rumsey, Chair and CEO. “Our employees’ resilience and commitment continue to power our success in a dynamic environment. We see a contrast across our markets with robust demand for power generation equipment supported by clear secular drivers, and our more economically sensitive markets, such as truck, where end-user confidence has declined. This contrast will become even more pronounced in the second half of the year as North America truck build rates decline sharply, starting in the third quarter. Aftermarket demand for parts and service remains stable.”

Second quarter revenues of $8.6 billion decreased 2 percent from the same quarter in 2024. Sales in North America declined 6 percent, and international revenues increased 5 pecent due to higher demand in Europe and China.

Net income attributable to Cummins in the second quarter was $890 million, or $6.43 per diluted share, compared to $726 million, or $5.26 per diluted share, in 2024.

Earnings before interest, taxes, depreciation and amortization (EBITDA) in the second quarter were $1.6 billion, or 18.4 percent of sales, compared to $1.3 billion, or 15.3 percent of sales, a year ago.

2025 Outlook

Due to continued economic uncertainty, the company will not be reinstating a full-year outlook for revenue or profitability at this time.

“Our diversified portfolio, disciplined cost management and strong execution have enabled us to navigate recent industry challenges,” said Rumsey. “However, persistent economic and regulatory uncertainty continues to impact a number of our key markets and cloud our near-term outlook for both business and market performance. We remain focused on delivering for our customers and look forward to providing additional clarity as this uncertainty subsides.”

Second Quarter 2025 Highlights

Cummins announced an increase in the quarterly common stock cash dividend from $1.82 to $2.00 per share. The company has increased the quarterly dividend to shareholders for 16 consecutive years.

Cummins launched the new 17-liter engine platform generator, expanding on the success of the acclaimed Centum Series generator sets. Producing up to 1 megawatt of power, the S17 Centum genset was developed to produce a large power output within a compact footprint to meet the growing demands of power in urban environments. The new genset is designed to support a wide range of critical market segments such as commercial properties, healthcare facilities and water treatment plants.

Jennifer Rumsey was named one of Barron’s Top CEOs of 2025. Jennifer was recognized for her visionary leadership and commitment to innovation and sustainability. The annual list features 26 leaders whose deft guidance has put their companies in a stronger competitive position.

Second Quarter 2025 Detail (all comparisons to same period in 2024):

Engine Segment

• Sales – $2.9 billion, down 8 percent
• Segment EBITDA – $400 million, or 13.8 percent of sales, compared to $445 million, or 14.1 percent of sales

Revenues decreased 8 percent in North America and 7 percent in international markets due to lower on-highway demand in the United States and Mexico.

Components Segment

• Sales – $2.7 billion, down 9 percent
• Segment EBITDA – $397 million, or 14.7 percent of sales, compared to $406 million, or 13.6 percent of sales

Revenues in North America decreased by 15% and international sales were flat primarily due to lower on-highway demand in the United States.
Distribution Segment

• Sales – $3.0 billion, up 7 percent
• Segment EBITDA – $445 million, or 14.6 percent of sales, compared to $314 million, or 11.1 percent of sales

Revenues in North America increased 9 percent and international sales increased by 4% primarily due to increased demand for power generation products in the United States.
Power Systems Segment

• Sales – $1.9 billion, up 19%
• Segment EBITDA – $430 million, or 22.8% of sales, compared to $301 million, or 18.9% of sales

Revenues in North America increased 23% and international sales increased 16% driven primarily by increased power generation demand, particularly for the data center and mission critical markets.

Accelera Segment

• Sales – $105 million, down 5 percent
• Segment EBITDA loss – $100 million, compared to $117 million

Revenues decreased due to lower electrolyzer installations. The company remains committed to pacing and focusing our zero emissions investments on the most promising paths in order to ensure we are set up for long-term success as part of our Destination Zero strategy. These continued investments contributed to the EBITDA losses.
About Cummins Inc.

Cummins Inc., a global power solutions leader, is comprised of five business segments – Engine, Components, Distribution, Power Systems and Accelera by Cummins – supported by our global manufacturing and extensive service and support network, skilled workforce and vast technological expertise. Cummins is committed to its Destination Zero strategy, which is grounded in the company’s commitment to sustainability and helping its customers successfully navigate the energy transition with its broad portfolio of products. The products range from advanced diesel, natural gas, electric and hybrid powertrains and powertrain-related components including aftertreatment, turbochargers, fuel systems, valvetrain technologies, controls systems, air handling systems, automated transmissions, axles, drivelines, brakes, suspension systems, electric power generation systems, electrified power systems with innovative components and subsystems, including battery, fuel cell and electric power technologies and hydrogen production technologies. Headquartered in Columbus, Indiana (U.S.), since its founding in 1919, Cummins employs approximately 69,600 people committed to powering a more prosperous world through three global corporate responsibility priorities critical to healthy communities: education, environment and equality of opportunity. Cummins serves its customers online, through a network of company-owned and independent distributor locations, and through thousands of dealer locations worldwide and earned about $3.9 billion on sales of $34.1 billion in 2024. See how Cummins is powering a world that’s always on by accessing news releases and more information at https://www.cummins.com.

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