Last week I wrote about how TFI International Inc (TSX, NYSE: TFII) is well positioned to benefit from the growth in e-commerce. Another Canadian company that’s successfully riding the e-commerce wave is Cargojet (TSX: CJT). Cargojet is Canada’s premier cargo airline and operates a transportation service business that moves air freight to destinations across Canada, as well as the Caribbean and Europe. The company’s reach is 95% of Canada’s population, they operate in excess of sixty flights daily and account for over 90% of Canada’s domestic overnight air cargo. The amount of goods shipped equates to over 1.5 million pounds of time-sensitive deliveries. Cargojet has a market cap of $2.2B, over 1,100 employees and a fleet of twenty-three aircraft that have been refurbished for transporting freight. Three-quarters of the company’s domestic revenue is under long-term contracts.
Disclaimer: Palos Funds are shareholders of CJT.
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