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Cargojet extends contract with Canada Post to at least 2025
THE Canada Post Group of Companies (CPGOP) has extended its existing contract with Canadian freighter operator, Cargojet, by three years until March 31, 2025. The contract also covers volumes for Canada Post's courier company, Purolator.
"Cargojet is extremely pleased to have successfully transitioned and operated a highly reliable and cost-effective air network for the past two and one-half years for the Canada Post Group of Companies," chief executive of Cargojet, Ajay Virmani, was quoted as saying in a report by London's Air Cargo News.
"The business environment is changing rapidly especially with the growth of e-commerce. Cargojet is fully equipped to service the growing demands of the marketplace," Mr Virmani added.
Cargojet and Canada Post first entered into the agreement in 2014, with the initial deal due to expire in 2022. The deal included three 36-month extensions, the first of which has now been exercised.
"Cargojet is extremely pleased to have successfully transitioned and operated a highly reliable and cost-effective air network for the past two and one-half years for the Canada Post Group of Companies," chief executive of Cargojet, Ajay Virmani, was quoted as saying in a report by London's Air Cargo News.
"The business environment is changing rapidly especially with the growth of e-commerce. Cargojet is fully equipped to service the growing demands of the marketplace," Mr Virmani added.
Cargojet and Canada Post first entered into the agreement in 2014, with the initial deal due to expire in 2022. The deal included three 36-month extensions, the first of which has now been exercised.
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