Source: School Bus Fleet, March 26, 2012
Student Transportation Inc. and its subsidiary Student Transportation of America Inc. (STA) have been awarded four new contracts that will start with the upcoming school year. Two of the contracts are for operations in Connecticut and will reportedly add over $4.6 million in annualized revenues. STA will purchase a new fleet of 80 vehicles as part of the agreement.
The Connecticut contracts, which are both for five years, allow for extensions following the initial term. In addition, both include 100-percent customer-paid fuel clauses.
Officials said STA currently has several longstanding operating locations in Connecticut and the new contracts will integrate well into the existing regional structure…The other two contracts are for operations in New Hampshire, and they are also five-year agreements. Officials said they include extensions and will add approximately $4.3 million in annualized revenues for the next fiscal year.