Cargojet Inc. (TSX: CJT) has been awarded the 2026 Shipper's Choice Award in the Air Freight category by Inside Logistics. The recognition highlights the carrier's performance in service excellence and customer satisfaction.

The award is based on feedback from shippers, freight forwarders, and logistics professionals across Canada. It marks the 24th year Cargojet has received this specific industry recognition.

Recognition Details

Inside Logistics evaluates transportation providers against key benchmarks of service excellence. The 2026 award reflects the trust customers place in Cargojet's operations.

Pauline Dhillon, Chief Executive Officer of Cargojet, stated that the award reflects customer confidence. She attributed the success to the dedication of the company's team members.

"Being recognized with the Shipper's Choice Award is especially meaningful because it reflects the trust and confidence our customers place in Cargojet," Dhillon said.

Operational Context

Cargojet operates as Canada's leading provider of time-sensitive premium air cargo services. The company serves major cities across North America using a fleet of 42 aircraft.

Key operational metrics include:

The company continues to focus on strengthening service offerings and maintaining reliability for domestic and international markets.

Cargojet reported second-quarter adjusted earnings per share (EPS) of $0.67, missing the analyst consensus estimate of $0.79 by 15.19 percent. Despite the earnings miss, the company delivered a revenue beat, with quarterly sales reaching $275.800 million against an estimated $257.930 million. The divergence between top-line growth and bottom-line performance highlights margin pressures facing the air cargo carrier during the period.

The earnings figure represents a significant year-over-year decline. Adjusted EPS fell 34.31 percent compared to $1.02 per share reported in the same period last year. This sharp contraction in profitability occurred even as the company expanded its revenue base, suggesting that cost structures or operational efficiencies did not scale proportionally with sales volume.

On the revenue front, Cargojet demonstrated stronger-than-expected demand or pricing power. The reported sales of $275.800 million surpassed the market expectation of $257.930 million by 6.93 percent. Year-over-year, sales grew by 15.79 percent from $238.200 million recorded in the corresponding quarter of the previous fiscal year.

Financial Performance Snapshot

What the Numbers Show

The primary analytical takeaway from Cargojet’s Q2 results is the decoupling of revenue growth from profitability. While the company successfully drove a 15.79 percent increase in sales year-over-year, this top-line expansion failed to translate into earnings growth. Instead, adjusted EPS contracted by more than a third. This pattern indicates that the incremental revenue generated during the quarter was not sufficient to offset rising costs or lower margins, resulting in a double-digit miss against analyst expectations for profitability.