Cargojet Inc (TSX:CJT)Industrial
Cargojet Inc is a Canada-based airline cargo company that provides time-sensitive overnight services, dedicated aircraft charter, crew maintenance, insurance and other international air cargo services.
It claims to carry over 1.3 million pounds of cargo per day.
Cargojet also provides crew training, crew planning, ground handling and commercial airline cargo management services.
The company operates via a fleet of 27 cargo aircraft, reportedly.
Cargojet operates a domestic network across Canada's major cities and scheduled international routes between Bermuda and the United States and between Germany and Canada.
The Canadian company provides dedicated aircraft to customers operating between significant connecting points in Canada, New Jersey, Hamilton, Newark, Bermuda, the United States, etc.
In addition, the cargo operator provides charter service on weekends, reportedly.
Cargojet Inc claims to provide service to over 400 customers group, which includes:
• Courier companies
• Freight forwarders
• Specialty shippers
• International airlines
The cargo operator provides charter services for emergency relief shipments, military equipment movements, livestock shipments, large shipments, etc., across South America, North America, the Caribbean, Mexico and Europe.
Recently in April 2021, Cargojet Inc announced expanding its existing commercial relationship with Amazon under an agreement. The company entered into a four-year transportation air services agreement with Amazon Canada Fulfillment Services, ULC.
Under the deal, the cargo company will operate B767-300BDSF aircraft, owned by Amazon, within Canada from mid-2021, reportedly.
The Canadian company claims to handle time-sensitive shipment needs of customers in various sectors:
• Perishable products
• Precious metals
• Chemical companies
The company's facilities are located across Canada, including Mississauga, Ottawa, Montreal, Mirabel, Halifax, Moncton, Winnipeg, Calgary, Edmonton, Saskatoon, Richmond and Regina.
The Canadian company claimed to have ensured the safety and well-being of its staff and suppliers amid the COVID-19 pandemic. The company says it increased communication frequency during the pandemic.
2281 North Sheridan Way Mississauga, Ontario Canada L5K 2S3