Things are looking up for New Flyer Industries. They have just announced it earned $87.6 million profit in 2008. The majority of this increase is a result of higher production. Bus deliveries in 2008 totalled 2,164. That's up from 2007 deliveries of 2,003 units.
The next bit of good news for the company is that the Canadian Auto Workers main collective bargaining unit at the company's Winnipeg facility, have ratified a new collective agreement. It's a three year deal that extends to March 31, 2012.
New Flyer buses appears to be the choice vehicle, for public transit in Ontario. There should be no disruption to the delivery of new buses for some time to come.