Business

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.

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.

North American shipping activity declined 1.5% year-over-year in September, according to the Cass Freight Index, a measure of shipping activity in trucking and other modes of transportation.

Eberspaecher Climate Control Systems North America has hired Brian Covello as its president, the company announced Oct. 14.

Weekly U.S. intermodal rail traffic rose 0.5% from the same period last year, the Association of American Railroads reported.

The House Transportation and Infrastructure Committee will mark up a highway bill Oct. 22, the panel announced.

HAGERSTOWN, Md. — Mack Trucks introduced its new drive-axle line here, the result of a two-year, $30 million investment that is part of the company’s strategy of vertical integration of powertrain components — engines, transmissions and axles — that are all made in-house.

J.B. Hunt Transport Services Inc. raised third-quarter net income 12% to $115.1 million, or 99 cents per share, as profit margins improved in all operating units.

Consumers in the United States tempered purchases at retailers in September, pocketing the savings from lower fuel costs and making for a weak finish to the third quarter.