MISSISSAUGA, ON, Aug. 27, 2015 /CNW/ - Cargojet announced today they have entered into a new Air Cargo Service Agreement with United Parcel Service Canada Ltd. (UPS). This Agreement replaces the agreement originally entered into in 2003 to provide domestic overnight air cargo services throughout Canada.
"Cargojet is extremely pleased to have successfully extended our long-standing business relationship as the primary domestic air cargo service provider to UPS in Canada. Cargojet will continue to provide highly reliable and cost-effective overnight air cargo services to UPS," said Ajay Virmani President and CEO of Cargojet. "Cargojet and UPS will work together to provide Canadians with world-class and flexible air cargo services in today's changing business environment," added Virmani.
The initial term of the agreement is for a ten-year period with two, three-year renewal options.
"Cargojet has a proven track record of outstanding performance and world class service." said UPS Canada President, Michael Tierney. "UPS is pleased to extend this agreement through the next 10 years."
Cargojet is Canada's leading provider of time sensitive overnight air cargo services and carries over 1,000,000 pounds of cargo each business night. Cargojet operates its network across North America each business night, utilizing a fleet of all-cargo aircraft consisting of 5 Boeing 767-300ER, 5 Boeing 767-200ER, 5 Boeing 757-200ER and 9 Boeing 727-AF.
UPS (NYSE: UPS) is a global leader in logistics, offering a broad range of solutions including transporting packages and freight; facilitating international trade, and deploying advanced technology to more efficiently manage the world of business. Headquartered in Atlanta, UPS serves more than 220 countries and territories worldwide. The company can be found on the web at ups.com® and its corporate blog can be found at longitudes.ups.com. To get UPS news direct, visit pressroom.ups.com/RSS.
Notice on Forward Looking Statements:
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SOURCE Cargojet Inc.
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