Cargojet signs strategic agreement granting Amazon voting shares 

Cargojet announced today that it signed a strategic agreement with NV Investment Holdings, an affiliate of Inc., as a key carrier for Amazon’s middle-mile transportation in Canada. The new agreement also grants the e-commerce giant the opportunity to buy a stake in the carrier.  The news follows Cargojet’s recent handling of record volumes in support of […]

Canada invests in cargo expansion at Moncton Airport

Canada’s government is investing in cargo expansions at Greater Moncton Roméo LeBlanc International Airport (YQM) in New Brunswick, Transport Canada announced yesterday. The government announced an investment of CA$8.34 million (US$6.30 million) to improve cargo infrastructure at YQM and “move Canadian goods to international markets more efficiently.” The investment will go toward: Expansion of Apron […]

Cargojet handles record volumes supporting Amazon’s Prime Week 

Today, Canada-based cargo airline Cargojet announced that it handled record volumes and added capacity to support burgeoning e-commerce demand for overnight delivery during e-tailer Amazon’s “Prime Week” shopping event last week.  Cargojet reportedly handled over 500 tonnes more than an average week of cargo and operated 23 additional flights to support deliveries during Prime Week, according to a Yahoo Finance press release.   Even in weak cargo markets, leaders in […]

Canada’s Winnipeg Airport to strengthen cargo ops with construction, redevelopment

During its annual meeting yesterday, Winnipeg Airport Authority (WAA) outlined upcoming cargo infrastructure expansion plans at Winnipeg Airport (YWG), which will include construction of a new C$27 million Ground Services Equipment Building (GSE) on the east side of the airport’s property, as well as the redevelopment of land on the west side of the airport’s property.   YWG began construction of its GSE […]

KF Aerospace to introduce new facilities, widebody aircraft capability at YHM

Canada-based maintenance, repair and overhaul (MRO) organization KF Aerospace broke ground this week on the expansion of its MRO facility at Hamilton International Airport (YHM). KF’s CA$30 million project will add 150,000 square-feet of space to the company’s YHM operations, centered around a new 75,000 square-foot hanger. The new hangar will serve to introduce widebody […]

Canada Post, Purolator strengthen Cargojet partnership with early contract extension

Purolator and Canada Post, part of a conglomeration known as the Canada Post Group of Companies (CPGOC), have announced an early extension to a 2014 air cargo contract with Cargojet, now running through 2025, that outlines the cargo carrier’s service obligations to the Canadian shipping company, in the context of growing e-commerce volumes and other […]

Rising EBITD at Cargojet despite an investment-related fall in earnings

Canadian all-cargo carrier Cargojet announced third-quarter adjusted earnings before interest, tax and depreciation (EBITD) of US$18.7 million, an increase of $10.2 million, or 120 percent over same period in the previous year. Total revenues rose 7.2 percent, year-over-year, to $59.9 million. “We are very pleased with the strong financial results achieved in the third quarter,” […]

Serbia, U.S. route ends 24-year hiatus

Air Serbia launched flights to the United States last week, marking the first time direct service has existed between the two countries since the Balkans wars in the 1990s. The A330-200 used on the new route is of interest to freight forwarders in Eastern Europe and North America, thanks to its ample belly capacity. The […]

Cargojet back in the black for Q1

Canada-based CargoJet reported a net profit of US$34 million during Q1 of 2016, representing its first quarterly profit after more than two years of losses. During fiscal year 2015, the company reported a net loss of $14 million from start-up costs associated with its $1 billion overnight contract with Canada Post. In Q1 2016, investments […]

KF Cargo begins South American charter service via Miami

KF Cargo, the airfreight subsidiary of Canada-based KF Aerospace, has begun charter service from Miami International Airport (MIA) to South America. The first flight of KF Cargo’s MD-11 aircraft to MIA, on April 15, brought thousands of cut flowers to the North American market in advance of the coming Mother’s Day demand spike in early […]

Air Canada, Cargojet to begin freighter service to Latin America, Europe

Canada-based Cargojet is close to finalizing a deal with Air Canada Cargo, which would, in essence, construct a cargo bridge between South America and Europe via Canada. The deal, still subject to route approval, would represent Canada’s first dedicated freighter flights to Latin America.  Once the deal is set, Cargojet would ACMI-lease and operate 767-300Fs aircraft […]

Cargojet 2015 revenue up, but expenses result in loss

It’s been almost one year since Canadian all-cargo carrier Cargojet was awarded the contract to carry mail for Canada Post. Since then, the carrier has reported a 50-percent increase in revenue for 2015, compared to 2014, reaching US$217 million. However, with the Canada Post deal came the need for additional aircraft and employees, resulting in […]

Cargojet renews winter freighter lease to LOT

As it did earlier this year, Canadian carrier Cargojet Airways will wet-lease one of its freighters to LOT Polish Airlines for trans-Atlantic cargo flights between Jan. 16 and April 1, 2016, according to ch-Aviation. The two airlines had a similar 90-day agreement in January 2015 for flights between New York JFK and Warsaw Chopin Airports. […]

CAL Cargo begins operations in Halifax

Who wants fresh lobster? Nova Scotia is known for its bounty of the savory crustaceans, and there will be plenty of it shipped overseas throughout the holiday season. Now Israel-based CAL Cargo Airlines will carry some of the bounty when it begins operations at Halifax Stanfield International Airport this month. “Not only does this new […]
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