Student Transportation of America Awarded Two New Contracts in New Hampshire for $4.3M

Student Transportation

and its subsidiary Student Transportation of America in New Hampshire reported it has been awarded two new contracts starting this upcoming school year. The contracts, each for five years, include extensions and will add approximately $4.3 million in annualized revenues for next fiscal year. STA will provide a new state-of-the-art fleet of 80 vehicles as part of the agreement. Both contracts contain fuel price mitigation; one of the contracted customers will supply all fuel requirements while the other includes a fuel price escalation clause in the event of higher fuel costs.