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Kenan Transport Co. and Advantage Management Group announced Friday that they have entered into an agreement under which Advantage will acquire Kenan, a tank trucker specializing in hauling petroleum products, in a deal worth $84 million.

Emery Worldwide Airlines has lost a round in court in its effort to block an possible airfreight deal between the U.S. Postal Service and FedEx when a federal court refused to issue an injunction against such an agreement.