Rebound in Asian air-freight

Rebound in Asian cargo buoys US shippers

A pickup in air cargo shipments from Asia may benefit shares of Expeditors International and FedEx as global economic growth improves.

Exports at Hong Kong Air Cargo Terminals grew 5.9 per cent last month from a year earlier, following an 8.5 per cent increase in November, based on data from the biggest handler in the world’s busiest freight airport.