Cargojet Inc.'s chief executive said Monday the air cargo company is cutting back on the "overspending" it incurred to meet a demand influx during the COVID-19 pandemic as it reported a decline in profit in its latest quarter.
Cargojet cutting costs as it reports Q2 profit and revenue down from year ago mark bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
Cargojet CEO sees e-commerce rebound as revenue dips bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
Cargojet trimmed its express flying in Canada, but lower fuel costs and other cost measures made for a relatively healthy bottom line last quarter under weak market conditions. The post COVID cost initiative boosts Cargojet margins despite drop in volumes appeared first on FreightWaves.