RE:from MDAOne thing I did not see was a reference to the NELLC MSA contract agreement. We still don't know what the contribution to rev are and whether it is trending up or not.
From the June 1, 2022 NR:
NELLC 's home-to-school companies operate more than 20,000 school buses, serve more than 550 school districts in 33 states and three provinces, and transport more than 1.3 million students daily.
NELLC also operates express shuttle vehicles serving 9 million corporate and university passengers annually as well as 2,800 express transit vehicles serving 22 million passengers annually. NELLC is the North American subsidiary of National Express Group, a leading transportation provider delivering services to the UK, Continental Europe, North Africa, North America, and the Middle East. National Express Group reported £2.170 billion in revenue and 792 million passenger journeys in 2021.