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 […]
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.
