Cargojet & TransForce Renew Air Cargo Services Agreement

Ad blocking detected

Thank you for visiting We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Club
$299/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

Cargojet & TransForce Renew Air Cargo Services Agreement

Canada NewsWire

MISSISSAUGA, ON, March 30, 2016 /CNW/ - Cargojet Airways Ltd. ("Cargojet") a wholly-owned subsidiary of Cargojet Inc. (TSX: CJT, CJT:A) and TFI Holdings Inc. a wholly-owned subsidiary of TransForce (TSX:TFI), announced today that they have renewed their existing agreement. The new multi-year contract is for three years with two one year renewal options, to provide air cargo services on Cargojet's domestic overnight network.

Cargojet will provide time sensitive overnight air cargo transportation for TransForce companies group of companies including Loomis Express; Information Communication Services (ICS) Inc.; and TF Integrated Solutions between fourteen major cities across Canada each business night. 

"Cargojet is a very pleased to solidify and continue our long-standing relationship with the TransForce group of companies," said Ajay K. Virmani, President and CEO of Cargojet. "We are looking forward to providing highly reliable air cargo service and to adding-value to TransForce as it continues to grow its business across Canada", he added.  

About Cargojet:
Cargojet is Canada's leading provider of time sensitive overnight air cargo services.   Cargojet services 14 major city centers coast to coast each business night. Cargojet operates its network across North America carrying approximately 1,300,000 pounds  of cargo each business night. Cargojet has a fleet of 22 aircraft consisting of  B767-300ER, B767-200ER, B757-200ER and B727-200AF long range freighter aircraft. For more information please visist

About Transforce:
Transforce Inc. is a North American leader in the transportation industry operating across Canada and the United States through its subsidiaries.  TransForce creates value for shareholders by identifying strategic acquisitions and managing a growing network of wholly-owned operating subsidiaries.  Under the TransForce umbrella companies benefit from financial and operational rescources to build their business and increase their efficiency.  TransForce companies service the following segements:  Package and Courier; Less-Than-Truckload; Truckload; Logistics.  TransForce Inc. is a publicly traded on the Toronto Stock Exchange (TSX:TFI) and the OTCOX marketplace in the U.S. (OTCQX:TFIFF)

Notice on Forward Looking Statements:
Certain statements contained herein constitute "forward-looking statements".  Forward-looking statements look into the future and provide an opinion as to the effect of certain events and trends on the business.  Forward-looking statements may include words such as "plans," "intends," "anticipates," "should," "estimates," "expects," "believes," "indicates," "targeting," "suggests" and similar expressions.  These forward-looking statements are based on current expectations and entail various risks and uncertainties. Reference should be made to the issuer's most recent Annual Information Form filed with the Canadian securities regulators, and its most recent Annual Consolidated Financial Statements and Quarterly Financial Statements and Notes thereto and related Management's Discussion and Analysis (MD&A), for a summary of major risks. Actual results may materially differ from expectations, if known and unknown risks or uncertainties affect our business, or if our estimates or assumptions prove inaccurate.  The issuer assumes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or any other reason, other than as required by applicable securities laws. In the event the issuer does update any forward-looking statement, no inference should be made that the issuer will make additional updates with respect to that statement, related matters, or any other forward-looking statement.

SOURCE Cargojet Inc.

Copyright CNW Group 2016

Comment On!

Upload limit is up to 1mb only
To post messages to your Socail Media account, you must first give authorization from the websites. Select the platform you wish to connect your account to (via Easy Blurb).