Cargojet, a Canadian cargo airline, signed new service agreements with UPS to provide replacement capacity after the Federal Aviation Administration grounded its MD-11 fleet. The company mitigated a significant decline in transpacific revenue after Great Vision HK Express, a Chinese logistics provider, suspended its shipping contract due to higher U.S. tariffs. Executives are currently redeploying freighter aircraft to South America as the firm is expecting to support the global delivery network through the end of the year.
