Cargojet extends partnership with Amazon
Cargojet has entered into a strategic agreement with Amazon.com NV Investment Holdings, giving the retail giant voting shares in the Canadian airline. The agreement is in conjunction with Amazon and Cargojet’s existing commercial agreement for overnight air cargo services, and will incentivise growth to deliver to Canadian customers. Cargojet will issue warrants to Amazon to […]
Cargojet keeps delivering e-commerce
With the growth of e-commerce unlikely to stop anytime soon, Cargojet is confident it will continue to deliver strong results. The Mississauga, Ontario-based airline says revenue growth of more than 10% comes from ever-rising e-commerce demand. Cargojet is Canada’s largest provider of overnight cargo services, mainly carrying e-commerce goods on domestic services. On international routes, […]
Drake to act as Cargojet company ambassador
Cargojet has partnered with award-winning Canadian artist Drake who will act as a company ambassador, and receive assistance with logistics requirements. Drake has been a longstanding supporter of the Canadian airline, which specialises in overnight services, having been first introduced to Cargojet during celebrations of its first Boeing 767-300F. The artist says: “Supporting home grown […]
Cargojet and Canada Post renew agreement until 2025
Cargojet has extended its agreement with the Canada Post Group of Companies (CPGOC) to 31 March 2025. The two companies signed an agreement in February 2014, initially running until 31 March 2022, with three additional 36 month renewal terms, and both parties have chosen to exercise the first renewal. Cargojet president and chief executive officer, […]
Strong Q2 performance for Cargojet
Cargojet’s revenues increased $8.9 million to $88.2 million in the second quarter (Q2) of this year, a rise of 11.2 per cent on Q2 last year. And for the quarter ending 30 June, the gross margin was $23.3 million, a rise of $2.4 million, or 11.5 per cent versus the previous year. Adjusted earnings before interest, tax, depreciation […]
