Revenues may hit $1 billion during the seven-year agreemen, based on projected volumes
MISSISSAUGA—Cargojet has been awarded the domestic air cargo network services contract and have signed a master services agreement with the Canada Post Group of Companies for an initial seven-year term with three, 36 month renewal options, the company announced. Projected revenues are estimated at $1 billion during the seven-year agreement based on projected volumes.
Cargojet said it will provide Canada-wide air cargo services for group of companies, including Purolator’s national air cargo network. Cargojet’s domestic overnight network will be expanded and enhanced significantly to handle the additional volumes and provide a virtual dedicated Air Cargo Network to the Canada Post Group of Companies.
“Cargojet is extremely pleased to have been successfully chosen as the exclusive primary domestic air cargo service provider to the Canada Post Group of Companies,” said Ajay Virmani, Cargojet’s president and CEO. “Cargojet operates an extensive overnight air cargo model, which will provide the most cost-effective and scalable solution to the Canada Post Group of Companies.”