6-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

Form 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of February 2018

Commission File Number: 001-35233

Student Transportation Inc.
(Translation of registrant's name into English)

160 Saunders Road, Unit 6
Barrie, Ontario, Canada L4N 9A4
(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F [   ]      Form 40-F [ X ]

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):

Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):

Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant's "home country"), or under the rules of the home country exchange on which the registrant's securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant's security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR. 

On February 9, 2018, the Registrant issued a press release, a copy of which is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

(c) Exhibit 99.1. Press release dated February 9, 2018

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	Student Transportation Inc.
	(Registrant)
Date: February 9, 2018	/s/ Patrick J. Walker
	Patrick J. Walker
	Executive Vice President and Chief Financial Officer

EX-99.1

EXHIBIT 99.1

Student Transportation Inc. Reports Fiscal 2018 Second Quarter Results

Delivering on Growth Commitments and Creating Momentum, Net Income and EPS Reflects Impact of U.S. Tax Cuts and Jobs Act

BARRIE, Ontario, Feb. 09, 2018 (GLOBE NEWSWIRE) -- Student Transportation Inc. (“STI” or “Company”) (TSX:STB) (NASDAQ:STB) today announced financial results for the second quarter of fiscal year 2018 ended December 31, 2017. All financial results are reported in U.S. dollars except as otherwise noted.

Revenue for the second quarter of fiscal 2018 increased to $193.9 million from $177.2 million for the second quarter of fiscal 2017. Adjusted EBITDA* increased to $45.4 million compared to $42.9 million for the same period last year. STI reported net income for the second quarter of $22.7 million or $0.24 per common share, compared to $6.0 million, or $0.07 per common share, for the second quarter of fiscal 2017. Excluding the non-cash benefit of the new U.S. Tax Cuts and Jobs Act of 2017 legislative reform changes, net income for the second quarter of fiscal 2018 would have been $8.8 million, or $0.09 per common share.

“We are pleased with the results achieved in the first half of fiscal 2018, which will serve as a springboard moving forward,” said Patrick Vaughan, President of the School Transportation Group (STG). As many can appreciate, we have had severe weather impacts over the course of this school year. Roughly $2.5 million in revenue to-date was not booked due to weather-related issues from ice and snow storms throughout the U.S and Canada, as well as fires and ensuing mudslides in Southern California which closed schools in that area. We anticipate additional lost days in January due to weather. While we expect to make up most of the lost days, this year we will not make up all of the days and will incur some additional expenses for extra wages, fuel and snow removal which will not be recoverable. The good news is our operating efficiencies and new contracts in STG have softened the effect. The work that our team has been doing helping customers reduce costs, as well as improving safety, is continuing to grow our business and strengthening our reputation as the industry leader.

“Despite an increase of 40 percent since this time last year in crude oil prices, total fuel cost, which includes elimination of the $0.50 per gallon alternative fuel tax credits, has only risen from 5.3 to 5.6 percent. Our contract fuel mitigation strategy that we have been working on for years continues to have a positive impact in this area.”

STI’s year-over-year revenue is up 7.9 percent, to $301.3 million for the first half of fiscal 2018 from $279.4 million. Including the impacts of the 2017 tax reform, STI reported net income for the first six months of fiscal 2018 of $14.7 million, or $0.16 per common share, compared to a net loss of $5.7 million, or $0.06 loss per common share for the first six months of fiscal 2017. Adjusted EBITDA* increased 6 percent to $45.6 million from $43.1 million for the first six months of fiscal 2017.

Denis J. Gallagher, STI Chairman and CEO stated, “Last year at this time we faced a significant headwind in the form of a continued tightening in the labor market which created driver shortages in certain markets. Our recruitment efforts and retention programs, which speak to our industry leading culture, in addition to increasing driver wages, has vastly improved our position in each market. We are in an active bid and acquisition season and continue to be disciplined in that process of not only what we bid on in order to have proper staffing and provide great service should we win the contract, but we’re selective on where we bid, too. Our renewal process on many contracts is underway and has been going very well. With many bids and renewals still to come in all markets, we remain confident we will continue our steady growth.”

Thomas Kominsky, Chief Growth Officer of the Company, announced that the Managed Services Group (MSG) recently acquired a leading fleet consulting and management company that specializes in fleet advisory and outsourced management services working with local, state and federal agencies, as well as large private sector clients, and on such critical items as fleet planning, in-source and out-source decisions and logistics. “This new business, with annual revenues in excess of $5 million and growing, adds nicely to our existing fleet consulting business and brings a seasoned executive team to the Managed Services Group which will enhance further cross-selling opportunities across our entire non-asset group of companies. We continue to anticipate approximately 25 percent growth this fiscal year for MSG as the products and services we have developed are leveraged with customers. Real solutions for school districts, colleges, universities, and now municipal, state, federal and commercial fleets are being offered and utilized by the entities in the areas of transportation system management, fleet management and procurement, consulting, staffing, technology and training.”

Kominsky added, “For the third consecutive year, our industry-leading school bus tracking app, SafeStop™, more than doubled its size in terms of vehicles tracked and registered users. SafeStop, which continues to be a great lead generator for MSG has approximately 40,000 users from school district owned and operated vehicles plus a growing list of contractors using our tracking system. By utilizing our app and its data platform called SafeStop Analytics (SSA), school bus operators and district administrators can deliver vital bus information to the palm of a parent’s hand and dramatically reduce the number of phone calls schools receive. Only SSA can clearly demonstrate to school officials new ways to optimize their service thus lowering costs and allowing them to focus on improving overall safety and performance. As we continue to build our user base and develop more applications, our opportunities to engage customers in a B2C and B2B environment increases dramatically.”

The Company also announced that the Board of Directors, which reviews and approves the dividend on a quarterly basis in advance, has approved the monthly cash dividend of $0.03667 per common share for shareholders of record through the end of the fourth quarter of fiscal 2018. The dividend, paid in U.S. dollars, is Canadian Dividend Tax Qualified and is a Qualified Dividend in the U.S.

Reconciliation of Net Income (Loss) and Adjusted EBITDA *
		Year over Year						Year over Year
(Amounts in 000's)		Three Months Ended						Six Months Ended
		12/31/17			12/31/16			12/31/17			12/31/16
Net income (loss)		$	22,728		$	6,048		$	14,739		$	(5,668	)
Add back:
	Income tax (benefit) expense		(8,750	)		4,064			(13,529	)		(3,607	)
	Foreign currency loss (gain)		36			128			(767	)		(14	)
	Other (income) expense, net		(86	)		(694	)		(468	)		140
	Non-cash gain on US$ 6.25% Convertible
	Debentures conversion feature		-			-			-			(190	)
	Non-cash stock compensation		821			2,479			821			5,802
	Interest expense		4,995			3,551			9,622			9,160
	Impairment of oil and gas assets		-			-			-			224
	Amortization expense		836			783			1,631			1,574
	Depreciation and depletion expense		11,881			14,136			16,300			19,063
	Operating lease expense		12,946			12,418			17,265			16,569
Adjusted EBITDA *		$	45,407		$	42,913		$	45,614		$	43,053

Results of Operations
(Amounts in 000's)		Three Months Ended						Six Months Ended
		December 31						December 31
			2017			2016			2017			2016
Revenues		$	193,856		$	177,176		$	301,289		$	279,352
Costs and expenses
	Cost of operations		143,294			130,530			237,401			219,733
	General and administrative		18,079			16,151			35,472			33,135
	Non-cash stock compensation		821			2,479			821			5,802
	Acquisition expense		22			-			67			-
	Depreciation and depletion expense		11,881			14,136			16,300			19,063
	Amortization expense		836			783			1,631			1,574
	Impairment of oil and gas assets		-			-			-			224
Total operating expenses			174,933			164,079			291,692			279,531
Income (loss) from operations			18,923			13,097			9,597			(179	)
Interest expense			4,995			3,551			9,622			9,160
Foreign currency loss (gain)			36			128			(767	)		(14	)
Non-cash gain on US$ 6.25% Convertible
Debentures conversion feature			-			-			-			(190	)
Other (income) expense, net			(86	)		(694	)		(468	)		140
Income (loss) before income taxes			13,978			10,112			1,210			(9,275	)
Income tax (benefit) expense			(8,750	)		4,064			(13,529	)		(3,607	)
Net income (loss)		$	22,728		$	6,048		$	14,739		$	(5,668	)
Basic net income (loss) per common share		$	0.24		$	0.07		$	0.16		$	(0.06	)
Diluted net income (loss) per common share		$	0.21		$	0.06		$	0.15		$	(0.06	)

Conference Call & Live Webcast
Student Transportation Inc. will hold a conference call and live audio webcast on Tuesday, February 13, 2018 at 11:00 a.m. (ET) to discuss its results for the second quarter of fiscal year 2018 ended December 31, 2017. The call will be hosted by Denis Gallagher, Chairman and Chief Executive Officer, and Patrick Walker, Executive Vice President and Chief Financial Officer. Following management’s presentation, there will be a brief question and answer session for analysts and institutional investors. The call can be accessed in the United States by dialing 1-877-561-2750 and International callers can access it by dialing 1-763-416-8565. To access the live audio webcast and rebroadcast for up to 30 days after the call, visit www.RideSTBus.com.

Profile
Founded in 1997, Student Transportation Inc. (STI) is an industry leader in school transportation, safety and fleet services. STI operates more than 13,500 vehicles, providing customers with the highest level of safe and reliable student transportation, management, logistics and technology solutions throughout the U.S. and Canada. Services are delivered by drivers, dispatchers, maintenance technicians, managers, information technology professionals and others, who are caring members of their local communities. For more information, please visit www.RideSTBus.com.

* Non-GAAP Measures
Adjusted EBITDA is a non-GAAP financial measure, but management believes it is useful in measuring STI's performance. Readers are cautioned that this measure should not be construed as an alternative to net income or loss or other comparable measures determined in accordance with GAAP as an indicator of the Company's performance or as a measure of its liquidity and cash flow. The Company's method of calculating non-GAAP measures may differ from the methods used by other issuers and accordingly, the Company's non-GAAP measures may not be comparable to similarly titled measures used by other issuers.

Forward-Looking Statements
Certain statements in this news release are "forward-looking statements" within the meaning of applicable securities laws, which reflect the expectations of management regarding, among other matters, STI's revenues, expense levels, cost of capital, financial leverage, seasonality, liquidity, profitability of new businesses acquired or secured through bids, borrowing availability, ability to renew or refinance various loan facilities as they become due, ability to execute STI's growth strategy and cash distributions, as well as their future growth, results of operations, performance and business prospects and opportunities. Forward-looking statements generally can be identified by the use of forward-looking terminology such as "may", "will", "expect", "intend", "estimate", "anticipate", "believe", "should", "plans" or "continue" or similar expressions, and the negative forms thereof, suggesting future outcomes or events.

Investor Contacts:
Patrick J. Walker
Executive Vice President & Chief Financial Officer
Student Transportation Inc.

Doug Coupe
Director of Communications & Investor Relations
Student Transportation Inc.
843.884.2720
dcoupe@ridesta.com