WALL, N.J., April 18, 2013 (GLOBE NEWSWIRE) -- Student Transportation Inc. ("STI") (TSX:STB) (Nasdaq:STB), North America's third-largest provider of school bus transportation services, announced that it has been awarded a new school transportation contract with the Gateway School District in Pennsylvania. The initial term of the contract is for six years and includes eighty new school buses that will run on new state of the art liquid propane gas (LPG) beginning next school year. The school district is the first in Western Pennsylvania and the second district in the state to switch from diesel fuel to propane. The new contract increases the regional density of the company's existing operations in Pennsylvania and provides $3.5 million in annual revenues under this contract.
Student Transportation Inc. Awarded New Contract In Pennsylvania
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts