Reported 20 days ago
Cargojet has reported a 60% increase in international charter revenue, driven by rising demand from Chinese e-commerce businesses and companies diverting shipments to avoid supply chain delays. In the third quarter, the Canadian freighter operator achieved a 14.8% revenue growth, reaching $176.6 million, with adjusted earnings also rising by 17.4%. The increase in charter services comes as shippers look for alternatives to ocean and passenger transports due to global shipping disruptions. Cargojet is expanding its fleet and operations to meet this growing demand.
Source: YAHOO