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AirNet was for sale after struggling to maintain business in the overnight express business.
U.S. Customs and Border Protection agents at the port found over 424 pounds of the illegal narcotic hidden in a shipment of tires that originated in South America.
The Commerce Department, in its preliminary determinations, has found that imports of certain uncoated paper from Australia, Brazil, China, Indonesia and Portugal have been dumped on the U.S. market.
Saverco NV, a controlling shareholder of Antwerp-based cargo ship and aircraft lessor CMB, will seek to purchase all outstanding shares of CMB.
Rates from Shanghai to Northwest Europe and the Mediterranean have increased dramatically in the past two weeks, but rates from Shanghai to the United States have fallen three weeks in a row.
Weak trade has limited growth opportunities for airfreight carriers, but trade is expected to improve in the second half of the year, according to the International Air Transport Association.