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Cargojet Extends Agreement With Amazon Until 2029; News Came After Shares Rose Near 6%
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Cargojet Extends Agreement With Amazon Until 2029; News Came After Shares Rose Near 6%
Jul 2, 2025 1:26 PM

04:13 PM EDT, 07/02/2025 (MT Newswires) -- Shares in Cargojet ( CGJTF ) rose near 6% in regular trade Wednesday. Then after close of trade it announced the extension of its Air Transportation Services Agreement with Amazon for an additional four years until March 31, 2029.

According to a company statement, Amazon will also have the option to renew the contract until March 31, 2031.

"This multi-year contract underscores Cargojet's ( CGJTF ) role in Amazon's logistics network. At the heart of our success is a dedicated Cargojet ( CGJTF ) team that makes it happen every single day," said Executive Chairman Ajay Virmani.

Cargojet ( CGJTF ) closed up $5.62 to $100.45 a share.

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