Cargojet and UPS Canada renew air cargo agreement

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.