An Amazon charter flight operated by Canadian partner Cargojet overshot the runway at Vancouver airport, impacting flight operations.
Cargojet reported good third-quarter results and says it is adding capacity to meet expected demand growth.
Cargojet, the largest all-cargo airline in Canada, has sent two freighters for repairs after a recent hailstorm.
Cargojet’s domestic and international flying business posted solid gains in the second quarter thanks to e-commerce demand in Canada.
Cargojet will fly planeloads of e-commerce goods from China to Canada several times per week as part of a direct-to-consumer logistics operation.
Modest growth in domestic e-commerce volumes plus improved aircraft utilization from network rebalancing helped Canadian airline Cargojet further stabilize performance during the first quarter, setting the table for growth this year despite lingering concerns about inflation. Cargojet (TSX: CJT) reported Tuesday that revenue of US$169 million was nearly flat year over year, while adjusted earnings […]
Canadian operator Cargojet sharply scaled back fleet investments last year to stabilize the bottom line but reports the Q4 upturn in air cargo business carried over to the new year.
Cargojet has exited its commitment for 777 aircraft with cargo conversion packages by selling the rights to aircraft trader Jetran, which is bullish on the aircraft’s prospects.
Cargojet says there isn’t enough airfreight business to justify its planned investment in 777 converted freighters. It wants to get out of its commitments, most likely by selling the aircraft to another company.
Freighter airline Cargojet announced that founder and CEO Ajay Virmani is leaving that role to be executive chairman, with two top lieutenants stepping in as co-CEOs.
Cargojet wants to dump eight aircraft that were part of of its growth strategy and postpone converting two more aircraft into cargo jets as the weak cargo market shrinks profit margins.
Cargojet trimmed its express flying in Canada, but lower fuel costs and other cost measures made for a relatively healthy bottom line last quarter under weak market conditions.
Canadian air cargo company Cargojet is searching under every rock for savings to maintain profit levels as shipping demand deteriorates.
Cargojet is scrambling to balance its cost structure as the air cargo market softens by hitting the brakes on the acquisition of 777 freighters.
Cargojet is better protected from an economic downturn than airlines handling general air cargo because of e-commerce and deep partnerships.
Cargojet says it has two built-in defenses against an economic downturn: e-commerce and unstable cargo service at passenger airlines.
Israel Aircraft Industries announced Cargojet as the third customer for its program to convert Boeing 777 jets into full-time freighters.
Canada isn’t a sleepy cargo destination anymore. E-commerce, cross-border and international shipping are robust, and Canadian airlines are adding freighters to meet the demand.
Cargojet last year announced an order for two passenger-to-freighter conversions of the Boeing 777 but was less public about buying six more of the aircraft.
Cargojet is the launch customer for Mammoth Freighters, which turns used passenger planes into full-time cargo haulers.
A union that recently wrested allegiance of pilots at Cargojet away from a competing union now says the company fired some members for their organizing activity.
The Air Line Pilots Association has accused the bargaining unit for Cargojet pilots of going along with the company’s effort to weaken new anti-fatigue rules.
Cargojet wants a bigger slice of the U.S. e-commerce and heavy air cargo market. It’s looking for an investment opportunity and has identified new trends in e-commerce that will keep volumes high in North America.
Amazon Air has hired Canadian all-cargo carrier Cargojet to provide crews, maintenance and insurance for two aircraft it plans to use to move e-commerce parcels.
Cargojet is riding the e-commerce wave and to grow business even more it sold shares so it can buy more big cargo planes.
Express carriers like DHL are getting slammed with e-commerce shipments as the holidays approach, and transportation contractors like Cargojet are throwing resources into the response.
Cargojet’s record airfreight volume helped adjusted earnings double in the third quarter.
With increased volatility in international airfreight, Cargojet is bringing back planes to focus on the hot domestic market.
Canadian airlines, already facing a pilot shortage, now face higher labor costs associated with new pilot work rules.
Story updated 11/42019, 2:45 p.m. Canadian overnight air cargo provider Cargojet [TSE: CGJTF] increased its third-quarter adjusted pretax earnings by 24% to C$39.1 million ($29.7 million) compared to the same period in 2018, consistent with the nine-month growth rate. Revenues, excluding fuel surcharges, increased 2.4% to $85.4 million, powered by a 5.5% increase in domestic […]
Canadian government and airport authority to invest in air freight and logistics at Montréal–Mirabel International Airport, the main production site for the Airbus A220.
Amazon, following a model in the U.S., will take an equity stake in Canadian cargo airlines Cargojet.
