Cargojet and Canada Post extend services agreement to 2029

MISSISSAUGA, Ont. – Cargojet Inc. says it has extended its master services agreement with Canada Post Corp. and Purolator Inc. until Sept. 30, 2029.

The company says the extended agreement with the Canada Post Group of Companies (CPGOC) will continue to have minimum guaranteed volumes.

Cargojet first signed the agreement in 2014 for a seven-year term, with CPGOC exercising an option in 2017 extending the agreement until March 31, 2025.

An additional option to renew the deal to March 31, 2031, remains available.

Cargojet provides air cargo services to major cities across North America and select international destinations.

It has a fleet of 40 aircraft.

This report by The Canadian Press was first published Jan. 17, 2023.

Companies in this story: (TSX:CJT)