Cargojet Inc T.CJT

Alternate Symbol(s): CGJTF | T.CJT.DB.F | T.CJT.DB.E

Industrials

Cargojet Inc. is a Canada-based provider of time sensitive air cargo services to all major cities across North America, providing dedicated, aircraft, crew, maintenance and insurance (ACMI) and international charter services. The Company's main air cargo business is comprised of operating a domestic network air cargo co-load network between sixteen major Canadian cities and providing dedicated aircraft to customers on an ACMI basis, operating between points in Canada, the United States, Mexico, South America, Asia and Europe. It also operates scheduled and ad hoc international routes for multiple cargo customers between United States and Bermuda, between Canada, United Kingdom and Germany; between Canada and Asia; and between Canada and Mexico. Its charter services include Go Now, dangerous goods, heavy & oversized cargo, humanitarian and relief, remote destinations, automotive, and oil and gas. The Company operates its network with its own cargo fleet of approximately 41 aircraft.

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Cargojet Inc

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Post by retiredcfon Aug 28, 2021 6:17am

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Post# 33777984

Technical Analysis

Cargojet Inc. (TSX:CJT) recently retested the triangle breakout in the form of a bull flag continuation pattern

Dwight Galusha | August 24, 2021 | SmallCapPower: Cargojet Inc. (TSX:CJT) is pushing above horizontal resistance after retesting the triangle breakout in the form of a bull flag continuation pattern. This price action is bullish and suggests a continuation of the uptrend.

Cargojet is Canada’s leading provider of time-sensitive overnight air cargo services and carries over 1.3 million pounds of cargo each business night. CJT’s air cargo business activities include the operation of domestic overnight air cargo co-load network between 14 cities in Canada, as well as provisions of dedicated aircraft to customers. CJT also operates scheduled international routes for various cargo customers between the U.S. and Bermuda, between Canada and Germany, and between Canada, Columbia, and Peru.

On August 11, Cargojet announced a 25% strategic investment in U.S.-based cargo airliner 21Air LLC, which provides Charter, ACMI, and CMI services to major air cargo consolidators, freight forwarders, couriers, and global integrators.

Dwight Galusha is a Chartered Market Technician (CMT) whose work can be found at www.SetYourStop.com