UPS has renewed its agreement with Canadian freight airline Cargojet for domestic overnight air cargo services across the country for a further 10 years.
The agreement, which replaces an original agreement dating from 2003, is for a ten-year period with two, three-year renewal options. The contract value was not disclosed.
"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."
"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."
Earlier this year Cargojet, which operates a fleet of 5 B767-300ER, 5 B767-200ER, 5 B757-200ER and 9 B727-AF, completed the creation of a “virtual dedicated air cargo network” for Canada Post and its express parcels unit Purolator under a seven-year contract valued at C$1 billion.
