Ecommerce player Great Vision signs $116m deal with Cargojet
Ecommerce fulfilment platform Great Vision has signed a three-year charter deal with Canada’s Cargojet. The deal ...
GM: GAUGING RISKGXO: NEW BOT PARTNERWMT: CAPEX IN CHECKWMT: CFO ON AUTOMATION WMT: SPOTLIGHT ON AUTOMATIONHD: PRESSURE BUILDSFWRD: REVISED EBITDA MAERSK: TESTING ONE-MONTH HIGHFDX: UP UP AND AWAYRXO: COYOTE DEAL TAILWINDDSV: NEW REFI DEALR: WEAKENING AMZN: LIFESTYLE BATTLEKNIN: EXPANDED NETWORK OF CROSS-DECK FACILITIES
GM: GAUGING RISKGXO: NEW BOT PARTNERWMT: CAPEX IN CHECKWMT: CFO ON AUTOMATION WMT: SPOTLIGHT ON AUTOMATIONHD: PRESSURE BUILDSFWRD: REVISED EBITDA MAERSK: TESTING ONE-MONTH HIGHFDX: UP UP AND AWAYRXO: COYOTE DEAL TAILWINDDSV: NEW REFI DEALR: WEAKENING AMZN: LIFESTYLE BATTLEKNIN: EXPANDED NETWORK OF CROSS-DECK FACILITIES
Canada’s Cargojet has had a good quarter, buoyed by ecommerce and Red Sea disruption, which has led to charter work. On a conference call, co-CEO Jamie Porteous said the Red Sea crisis had brought opportunities – but that geopolitics was causing uncertainty. The carrier saw “exceptional” volume growth, and said it had not been impacted by the growing use of freighters by rivals WestJet and Air Canada. The Canadian Press reports, via Yahoo Finance.
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