Tuesday 3 August 2010

Recovery begins in the truck industry

The gradual worldwide recovery of the trucking sector is finally beginning to be felt further down the line, with automotive parts dealers in London seeing a small upsurge in business.

London, Ontario based wheel manufacturers Accuride have been forced into staff cuts in recent years, but recently was able to recall 40 workers who had been let go, making the staff numbers up to 130. Four years ago, the Accuride facility had 500 employees, and so the levels are still much lower than the pre-recession years. However, the beginnings of a recovery are an encouraging sign, with Tim Carrie, president of Canadian Auto Workers Local 27, saying, It is a good sign. It is good news when a company that supplies the trucking industry recalls workers — that is positive.

The fortunes of a company which is a truck trader is generally a good arbiter of wider economic situation, as a successful trucking industry indicates that goods are being purchased which require transportation. Someone buying used DAF trucks represents a pyramid of spending. The recovery is slow; as Carrie puts it, It is coming back in dribs and drabs.

Ceva logistics, which transports items for General Dynamics Land Systems Canada, is another firm which has recently been able to resume hiring new staff. They are recruiting 30 new employees, in various capacities; warehouse, shipping, forklift drivers and administration. To this end they are hosting a job fair on the 5th of August.

The Cami car facility, located in Ingersoll, is working to keep up with a large demand for two utility vehicles, the Terrain and the Equinox.
As a result it is looking employ a further 200 staff by the end of the year. As the recovery trickles down, Cami' supplier Rieter Automotive is also able to add staff, with 40 more jobs created. Carrie is cautiously optimistic, saying, I don’t think we will ever rebound to the level we were at, but this is a good sign. I measure a rebound in workers getting their jobs back, and that is happening now.

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