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UPS joins FedEx in adding Asia flights on air-freight demand

HONG KONG — United Parcel Service Inc. is adding four flights a week from Hong Kong to Europe and FedEx Corp. will start a new nonstop route to South Korea as growth in Asian shipping demand outpaces expansion in the US. Asia is “a growth market and they need to keep adding capacity and speed,” said David Campbell, an analyst with Thompson Davis & Co., in Richmond, Virginia. “If they have more …

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