Former Arrow Trucking Co. CEO Doug Pielsticker pulled hundreds of thousands of dollars from company accounts to pay for his wedding and luxury cars in connection with a multimillion-dollar bank and tax fraud, according to a federal indictment unsealed in U.S. District Court earlier this month.
December 11, 2014Business
Nominations Open for 2015 Woman in Trucking Award
Women in Trucking Association and Navistar Inc. are seeking candidates for the 2015 Influential Woman in Trucking award.
December 22, 2014Business
Medium-Duty Truck Sales Edge Up in November
Medium-duty truck sales in the United States cooled in November, edging up 0.7% from a year earlier but falling 23.3% from the previous month, WardsAuto.com reported.
December 22, 2014Business, Equipment
Former Arrow Trucking CEO Indicted on Multiple Fraud Charges
Business
USA Truck Expands Brokerage Unit
USA Truck Inc. said it is expanding its profitable brokerage unit known as Strategic Capacity Solutions by opening a new office in Florida and expanding the unit’s Chicago facility.
December 9, 2014Business
October Truck Sales Top 22,000
This year’s surge in Class 8 sales continued in October as they jumped 22.5% from a year earlier to 22,032 units, the highest monthly total in almost eight years, WardsAuto.com reported.
November 24, 2014Business
Manufacturers Say They’re Ready to Meet Higher Demand in 2015
October’s extraordinary total for new-truck orders has raised expectations for Class 8 production in 2015, but analysts and manufacturers said the industry appears to be in a good position to handle the growing demand.
November 24, 2014Business
Excess Truckload Freight Spilling Into LTL
Tight truckload capacity is driving up rates and boosting business for less-than-truckload carriers, with demand from shippers providing a lift that positions trucking for continued growth, industry analysts said.
November 17, 2014Business, Government
Dunn Steps Down as President of Oregon Trucking Associations
Debra Dunn has stepped down as president of the Oregon Trucking Associations and is being replaced on an interim basis by Bob Russell, OTA’s former legislative affairs director.
November 13, 2014Business
ATA Sells Truck Fleet Management to Bobit
Truck Fleet Management, a magazine run by Transport Topics Publishing Group to cover work trucks and other medium-duty vehicles, has been sold to Bobit Business Media.
November 5, 2014Business
USA Truck Posts Highest Profit in Eight Years
USA Truck Inc. reported its most profitable quarter in eight years as revenue grew in the trucking and logistics segments.
November 3, 2014