The Mondovi, Wis.-based temperature-sensitive truckload carrier reported a net income of $33.5 million on operating revenues of $671.1 million for the full year of 2016.

U.S. District Judge Susan Illston denied attorneys requests to order the retail giant to pay $80 million in penalties to truck drivers on top of $54 million awarded by a jury in November 2016, according to a report from the Associated Press.

The U.S. Federal Maritime Commission has received nine ocean transportation intermediary license applications and changes for review.

President Donald Trump said the U.S. could impose 20 percent penalty on Mexican imports as part of a plan to construct a wall between Mexico and the United States, but was imprecise as to whether it should be a tax or tariff.

United States gross domestic product increased 1.9 percent in the fourth quarter of 2016, according to the “advance” estimate from the Department of Commerce, down from a 3.5 percent growth rate in the third quarter.

However, the Hong Kong-based carrier’s year-over-year increase in fourth quarter revenues was not enough to stop a slide for the full year, with revenues falling 9.9 percent from 2015.

The International Air Transport Association’s Cargo-XML messaging standard is now fully integrated into ASYCUDA World, the United Nations Conference on Trade and Development’s automated customs management system.

The trucking and intermodal carrier said volumes and pricing during the year were pressured by excess industry capacity, excess customer inventories, a weakening used truck market and sluggish demand.

President Donald Trump has named current board member Ann Begeman acting chairman of the U.S. Surface Transportation Board, according to a statement from the STB.

Duluth Seaway Port Authority appoints new board members and B&H Worldwide expands international management team, while Montgomery McCracken adds to Maritime and Transportation practice and Holland & Knight hires senior counsel in D.C.