United Parcel Service (UPS) Wins Approval To Shift Six Hong Kong Flying Rights To Philippines

United Parcel Service (NYSE: UPS) received U.S. Department of Transportation approval to transfer six Hong Kong flying rights to Clark International Airport in the Philippines. The move expands UPS's Asia Pacific air network and points to a larger role for the Philippines in the company’s regional logistics operations. The additional rights are expected to support higher parcel and freight volumes across key Asia Pacific trade lanes over time. This kind of logistics build out can ripple...