WALL, N.J., July 8, 2014 (GLOBE NEWSWIRE) -- Student Transportation Inc. ("STI") (TSX:STB) (Nasdaq:STB), announced that it has recently completed negotiations for the conversion of three school district transportation systems in Pennsylvania, Vermont, and Idaho. The company defines "conversions" as the shift from publicly-operated fleets to a contracted model. The three new, long-term contracts will add over 290 vehicles and increase current fiscal year revenues by $11 million annually. The contracts all include annual increases and two of the three customers will be supplying the fuel for their contracts.
Student Transportation Inc. Announces Three Conversions, New Ground Covered
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