Canadian cargo airline Cargojet has renewed and extended its Air Cargo Services Agreement with United Parcel Service (UPS) Canada for an additional five-year term.
The current agreement was due to expire on July 1 2025 and the new agreement is extended to December 31 2030.
Cargojet continues to provide a Canada-wide air cargo service for UPS, while Cargojet’s domestic overnight network provides additional capacity and long-term stability to UPS, said Cargojet.
Ajay Virmani, chief executive of Cargojet, commented: “Cargojet is extremely pleased to have successfully renewed the domestic Air Cargo Services Agreement with UPS Canada.
"Cargojet has been the exclusive provider of time-sensitive domestic overnight air cargo services to UPS Canada since 2003.
"We will continue to provide the most cost-effective, best on-time performance as well as a scalable solution to UPS.
“The renewal of the agreement is a testament to the committed, hardworking, and dedicated team of professionals at Cargojet.
"Cargojet continues to value our partnership with UPS will work together to provide Canadians with world-class and flexible air cargo services in today’s changing business environment."
For the three months ending September 30, Cargojet recorded total revenues of C$232.7m, significantly up on the figure of C$189.5m, made in the same quarter of last year.
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