Student Transportation, Inc. Expands with New Contract in Oregon
WALL, N.J., Feb. 24, 2016 (GLOBE NEWSWIRE) — Student Transportation Inc. (STI) (TSX:STB) (NASDAQ:STB), the largest independent provider of student transportation and management services in North America, today announced that its subsidiary, Student Transportation of America, Inc. (STA), has been selected and awarded a new $4.8 million annual contract to provide school transportation services to the Tigard-Tualatin School District beginning July 1, 2016. The district is the 9th largest in Oregon and serves seventeen schools. The initial five-year contract provides for customer-shared fuel costs and includes a renewal option. This contract adds to the company’s regional density in the area which includes neighboring Lake Oswego School District that began a partnership with STA this current school year.