School Bus Contractors

STA wins three New England contracts

Posted on June 5, 2008

TORONTO — Student Transportation of America Ltd. (STA) has been awarded new contracts with the Danbury and Guilford school districts in Connecticut, plus a new five-year contract in Milton, Vt.

The two five-year Connecticut contracts, commencing this July, will generate approximately $7 million in revenue per year and include provisions for the school districts to provide 100 percent of the fuel required. The Vermont contract includes a fuel cap.

In addition to the two Connecticut contracts, STA announced in March it had been awarded a five-year contract totaling $8.4 million over the term by the Kearsarge Regional School District in New Hampshire, which also included a provision for the school district to provide 100 percent of the fuel beginning this July.

STA Chairman and CEO Denis Gallagher said that all the new contracts eliminate the uncertainty of fuel costs, which has been a strategic objective for the company.

Gallagher also said approximately 97 percent of STA’s existing contracts up for renewal this year have been renewed so far, and that the company is renegotiating existing fuel protection agreements as well as obtaining additional rate increases to offset higher fuel costs in some contracts without such clauses.

 

Related Topics: Student Transportation of America

Comments ( 0 )
More Stories
Dunia Burns, who is employed by Chestnut Ridge Transportation in New York, was named a “Mountie Superstar” by the school district she serves for exceptional service to its students and staff. 
News

School Bus Driver Honored for Exceptional Service

Dunia Burns, who is employed by Chestnut Ridge Transportation in New York, is named a “Mountie Superstar” by the school district she serves for exceptional service to its students and staff.  

In a video from Wichita Public Schools, a First Student training manager explains what it takes to become a school bus driver as the local operation looks to bring new recruits on board.
Article

Dealing With Driver Shortage Is Still a Big Deal

There are other commercial driving jobs that pay more than driving a school bus, but they don’t involve transporting students. The opportunity to contribute to children’s education and safety could spark interest in the job.    

Be the First to Know

Get the latest news and most popular articles from SBF delivered straight to your inbox. Stay on top of the school bus industry and don't miss a thing!