Cargojet soars as e-commerce shipments get a lift from COVID-19 lockdowns [Toronto Globe and Mail (Ontario, Canada)]
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Source: Toronto Globe and Mail
Cargojet soars as e-commerce shipments get a lift from COVID-19 lockdowns A Cargojet freighter takes off from Vancouver International Airport on May 3, 2019. Headquartered in Mississauga, Cargojet controls more than 80 per cent of Canada’s priority air cargo market. Bayne Stanley/The Canadian Press A Cargojet freighter takes off from Vancouver International Airport on May 3, 2019. Headquartered in Mississauga, Cargojet controls more than 80 per cent of Canada’s priority air cargo market. As the COVID-19 pandemic continues to squeeze corporate Canada, Cargojet Inc. has emerged as an outlier: Business is strong, the cargo airline is hiring and it is paying $100-a-day raises to staff. Headquartered in Mississauga, Cargojet controls more than 80 per cent of Canada’s priority air cargo market. In contrast to hard-hit passenger airlines, Cargojet is capitalizing on a surge in e-commerce demand as families turn to online shopping while hunkering down at home. Investors have taken notice:
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