Transport Topics
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Former Arrow Trucking CEO James Douglas Pielsticker has been sentenced to 7½ years in federal prison for his part in a multimillion-dollar fraud scheme that contributed to the Tulsa, Oklahoma, motor carrier's demise.
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Truck drivers are reported to be in "exceptionally short supply" in some regions of the country, especially in the New York, St. Louis and Kansas City areas, the Federal Reserve said in a report.
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Independent owner-operators earned nearly 29% more net income than employee drivers in 2013, according to a study released Oct. 14 by the California Trucking Association and the Inland Empire Economic Partnership.
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Global oil markets will remain oversupplied next year as demand growth slows and Iranian exports are poised to recover with the lifting of sanctions, the International Energy Agency said.
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