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Todd Maiden

Based in Richmond, VA, Todd is the finance editor at FreightWaves. Prior to joining FreightWaves, he covered the TLs, LTLs, railroads and brokers for RBC Capital Markets and BB&T Capital Markets. Todd began his career in banking and finance before moving over to transportation equity research where he provided stock recommendations for publicly traded transportation companies.
Mar - 2025 -
26 March
Todd Maiden

Truckload earnings estimates cut as Q1 draws to a close

Susquehanna Financial Group lowered its earnings forecasts for the truckload, intermodal and logistics companies it follows.

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Todd Maiden

Kenan Advantage Group acquiring MC Tank Transport

An internal memo at liquid bulk hauler MC Tank Transport shows the company has been sold to Kenan Advantage Group.

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25 March
Todd Maiden

E-commerce buildout supporting logistics space leasing activity

Real estate investment trust Prologis said the need for more e-commerce fulfillment space is growing.

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21 March
Todd Maiden

FedEx prepping LTL unit ahead of spinoff

FedEx is working on several fronts to shore up its less-than-truckload business ahead of a 2026 spinoff.

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19 March
Todd Maiden

Yellow’s 325-door California terminal fetches $55M

Defunct Yellow Corp. liquidates another property as creditors await a final bankruptcy plan.

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18 March
Todd Maiden

Roadrunner adds new lanes to long-haul network

Less-than-truckload carrier Roadrunner said it has added 278 direct metro-to-metro routes.

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Todd Maiden

Yellow creditors’ battle over $550M-plus carcass heats up

Yellow’s final bankruptcy plan didn’t garner the needed support and will now be countered by a competing plan from the estate’s unsecured creditors.

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17 March
Todd Maiden

February freight trends mixed, outlook ‘fraught with uncertainty’

Cass data for February showed a bounce back in shipments after a messy January, but uncertainty now hangs over a tepid demand environment.

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14 March
Todd Maiden

Knight-Swift adds LTL veteran to board as it targets Northeast expansion

Knight-Swift Transportation has added former Saia Chief Financial Officer Doug Col to its board.

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11 March
Todd Maiden

ContainerPort Group expands Southern California dray network with acquisition

ContainerPort Group’s parent has acquired Dray Alliance, creating one of the largest dray networks serving the Southern California ports.

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10 March
Todd Maiden

ArcBest takes on TL freight to fill empty capacity

ArcBest said it added more truckload freight in February to stem the volume declines at its less-than-truckload business.

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07 March
Todd Maiden

Deutsche Bank eyes industrial rebound, endorses these transportation stocks

Deutsche Bank relaunched coverage of the transportation space on Friday with a strong bias toward companies most likely to benefit from a pickup in the industrial economy.

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06 March
Todd Maiden

Kenan Advantage Group acquires Alabama-based dry bulk hauler

Kenan Advantage Group has acquired Mobile, Alabama-based Evergreen Transport for an undisclosed sum.

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05 March
Todd Maiden

Descartes stands by annual growth target amid tariff uncertainty

Supply chain software provider Descartes is benefiting from a quick-changing tariff environment.

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Todd Maiden

Teamsters to appeal decision that freed Yellow from WARN liability

The Teamsters union told members it is appealing a bankruptcy court’s decision finding Yellow Corp. not liable for failing to provide proper notification ahead of mass layoffs.

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04 March
Todd Maiden

XPO sees improvement in February, tonnage still down y/y

Less-than-truckload carrier XPO’s February tonnage decline isn’t as bad as the headline result suggests.

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Todd Maiden

Old Dominion, Saia stay on different paths to overcome same challenge in Q1

Less-than-truckload carriers Old Dominion and Saia maintained their respective growth strategies in February while both await a market turn.

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Todd Maiden

Tariff fears evident in February supply chain data

Supply chain managers stockpiled goods again in February in efforts to outrun looming tariffs.

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03 March
Todd Maiden

Radiant Logistics acquires California-based forwarder

Radiant Logistics has acquired California-based freight forwarder Transcon Shipping.

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01 March
Todd Maiden

Yellow settles WARN claims from nonunion employees for $12.3M

A federal bankruptcy court has been asked to approve settlement agreements between Yellow Corp. and two groups of former employees who were given shortened layoff notifications.

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Feb - 2025 -
27 February
Todd Maiden

Freight forwarder Allstates WorldCargo expands footprint with latest acquisition

Allstates WorldCargo announced it has acquired freight forwarding peer Saturn Freight Systems.

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Todd Maiden

Teamsters’ WARN claims against Yellow fall short in federal bankruptcy court

A federal bankruptcy court in Delaware sided with Yellow’s rationale for shortening the layoff notification period to union employees.

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26 February
Todd Maiden

Forward Air gains needed breathing room, awaits demand recovery

Forward Air has largely finished the integration of Omni Logistics and now needs a much-improved demand environment to return margins to former levels and pay down debt.

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Todd Maiden

Lineage’s earnings grow through post-pandemic ‘major inventory rebalancing’

Temperature-controlled warehouse owner Lineage Inc. said customer inventories have stabilized at lower levels but it again expects earnings to step higher in 2025.

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21 February
Todd Maiden

Trucking execs see green shoots as industry awaits upturn

Executives at some of the nation’s largest truckload transportation providers are seeing incrementally positive signs that the market is turning.

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20 February
Todd Maiden

LTL panel preps shippers for upcoming changes to freight classification codes

Pitt Ohio hosted a Thursday call to help shippers prepare for changes to the less-than-truckload freight classification system.

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Todd Maiden

ABF Freight latest LTL carrier to nab Yellow terminals

Less-than-truckload carrier ABF Freight has entered agreements to acquire two of bankrupt Yellow Corp.’s terminals for $11.5 million.

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19 February
Todd Maiden

J.B. Hunt working on intermodal mix, awaiting rate inflection

J.B. Hunt Transport Services said it will focus on what it can control as the industry awaits a meaningful recovery.

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Todd Maiden

Prologis CEO Hamid Moghadam announces retirement

Logistics real estate investment trust Prologis announced co-founder Hamid Moghadam will retire at the end of the year and that President Dan Letter will succeed him as CEO.

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18 February
Todd Maiden

Jack Cooper LTL caper concludes

An entity with ties to shuttered car hauler Jack Cooper has acquired and relaunched regional less-than-truckload carrier Standard Forwarding.

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17 February
Todd Maiden

Tenstreet acquires driver communications provider TextLocate

Driver recruiting specialist Tenstreet announced Monday it has acquired driver visibility and communications platform TextLocate.

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13 February
Todd Maiden

Cass TL linehaul index up y/y for first time in 2 years

The Cass Freight Index showed an increase in truckload linehaul rates for the first time since December 2022.

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12 February
Todd Maiden

Knight-Swift headlines buyers in latest Yellow terminal sale

Court filings show three less-than-truckload carriers are seeking approval to acquire $15 million of bankrupt Yellow Corp.’s real estate.

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11 February
Todd Maiden

Pamt Corp. books big loss in Q4

Truckload carrier Pamt Corp. recorded another loss during the fourth quarter.

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10 February
Todd Maiden

Project freight allows Radiant to overcome ‘pretty tough’ market

Radiant Logistics’ fiscal second-quarter earnings beat was largely tied to one-time project freight.

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Todd Maiden

ArcBest deploying freight-dimensioning forklifts

ArcBest announced Monday it is piloting a forklift that also acts as a freight dimensioner.

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06 February
Todd Maiden

Werner optimistic after tough Q4

Werner Enterprises highlights some favorable trends for the new year after a messy fourth quarter.

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Todd Maiden

First look: Liability claims sink Werner’s Q4

Werner Enterprises reported a big earnings miss in the 2024 fourth quarter due to outsize insurance claims.

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Todd Maiden

XPO shares up on strong Q4 financial performance

Shares of less-than-truckload carrier XPO were up 9% in midday trading on Thursday following a fifth consecutive quarter of year-over-year margin improvement.

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Todd Maiden

First look: XPO Q4 earnings

Less-than-truckload carrier XPO beat fourth-quarter earnings expectations Thursday before the market opened.

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05 February
Todd Maiden

Old Dominion poised to take share when market turns

Old Dominion Freight Line is planning for a good 2025 back half and hasn’t given up on the first half yet.

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Todd Maiden

First look: Old Dominion Q4 earnings

Less-than-truckload carrier Old Dominion Freight Line beat fourth-quarter expectations Wednesday before the market opened.

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04 February
Todd Maiden

Pricing index logs fastest growth rate since freight recession began

Sentiment around transportation prices surged in January, a monthly supply chain survey showed.

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03 February
Todd Maiden

Saia excited about pricing opportunities across expanded network

Less-than-truckload carrier Saia is looking for opportunities to raise pricing across its larger network to levels commensurate with the rest of the market.

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Todd Maiden

First look: Saia Q4 earnings

Less-than-truckload carrier Saia reported better-than-expected fourth-quarter results on Monday.

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Jan - 2025 -
31 January
Todd Maiden

ArcBest, LTL industry short on volume

ArcBest’s fourth-quarter results were ahead of analysts’ expectations but reflect a sluggish demand environment.

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Todd Maiden

First look: ArcBest Q4 earnings

ArcBest beat fourth-quarter expectations Friday but noted that continued industrial weakness is weighing on its results.

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30 January
Todd Maiden

Schneider sees truckload tide turning

Schneider National points to some green shoots on its fourth-quarter earnings call.

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Todd Maiden

First look: Schneider Q4 earnings

Schneider National’s initial take on 2025 earnings is largely in line with consensus expectations.

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29 January
Todd Maiden

Landstar stuck between cycles; Q1 guidance disappoints

Landstar System sees the truckload market as still in a transition period.

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Todd Maiden

Landstar Q4 earnings: First Look

Landstar System missed fourth-quarter consensus on Wednesday and issued first-quarter guidance well shy of expectations.

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Todd Maiden

J.B. Hunt builds 40-acre solar farm to power headquarters

J.B. Hunt Transport Services announced it has built a 40-acre solar farm that will provide electricity to most of its main corporate campus.

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28 January
Todd Maiden

Southern California softness cited for 2024 drop in logistics real estate rents

An annual report from logistics real estate landlord Prologis calls for a slight recovery in market rents during 2025 following the first decline in more than 15 years.

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Todd Maiden

Heartland Express logs sixth straight quarter in the red

Truckload carrier Heartland Express is hoping 2025 is the start of a turnaround.

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27 January
Todd Maiden

Marten Transport’s earnings turn the corner in Q4

Refrigerated carrier Marten Transport said it was encouraged with sequential improvement in metrics during the fourth quarter even as meaningful year-over-year deterioration continued.

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22 January
Todd Maiden

Costs from acquisitions, rapid growth weigh on Knight-Swift’s Q4

Knight-Swift Transportation wants to see more proof the truckload market has turned before it raises its outlook.

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Todd Maiden

Central Transport, R+L Carriers ink deals for Yellow real estate

Two purchase agreements for four of Yellow’s terminals were submitted to a federal bankruptcy court as a broader bid deadline nears.

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21 January
Todd Maiden

Yellow settles 2 classes of WARN claims

Bankrupt Yellow Corp. has settled claims with two groups of employees who claim they were not properly notified ahead of mass layoffs in 2023.

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Todd Maiden

Prologis Q4 earnings: First look

Logistics warehouse operator Prologis sees a positive inflection point nearing.

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20 January
Todd Maiden

Pitt Ohio adds express lane to Mexico border

Less-than-truckload carrier Pitt Ohio said it will offer direct service from Cincinnati to six cross-border locations in Texas.

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17 January
Todd Maiden

Trimac acquires flatbed carrier Watt & Stewart

Bulk hauler Trimac announced it has acquired Watt & Stewart and its locations in the U.S. and Canada.

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Todd Maiden

Family behind Jack Cooper quietly acquires LTL carrier through separate entity

An entity owned by the family that owns car hauler Jack Cooper has acquired Standard Forwarding.

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16 January
Todd Maiden

J.B. Hunt’s record intermodal loads came with higher costs in Q4

J.B. Hunt Transport Services reported record intermodal volumes for the fourth quarter, but shares sagged after the market closed Thursday as costs overshadowed the period.

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Todd Maiden

J.B. Hunt Q4 earnings: First look

J.B. Hunt Transport Services reported fourth-quarter results Thursday after the market closed.

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15 January
Todd Maiden

LTL pricing discipline may not hold, report says

The less-than-truckload industry needs an uptick in demand to maintain favorable pricing fundamentals.

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14 January
Todd Maiden

Freight volumes plunge in December, rates firming

December data from Cass was mixed, with volumes falling notably but truckload rates moving higher.

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13 January
Todd Maiden

Roadrunner announces first general rate increase since 2021

Less-than-truckload carrier Roadrunner will implement a 6.9% general rate increase on Wednesday.

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08 January
Todd Maiden

BlueGrace acquires fellow Florida 3PL FreightCenter

BlueGrace Logistics has acquired FreightCenter, which significantly expands its less-than-truckload offering.

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07 January
Todd Maiden

Transportation pricing index hits highest level since freight recession began

The Logistics Managers’ Index showed a near-term high for transportation pricing in December.

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06 January
Todd Maiden

Forward Air’s board exploring options, may sell company

Forward Air announced Monday its board of directors has embarked on a review of strategic alternatives.

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02 January
Todd Maiden

Cass acquires ocean, airfreight invoice audit platform

Cass Information Systems rounds out its freight payments platform with the acquisition of AcuAudit.

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Todd Maiden

2024’s most notable trucking deals

Trucking M&A was off again in 2024, but the year saw some notable transactions and provided insight on a couple of major spinoffs on the horizon.

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Dec - 2024 -
27 December
Todd Maiden

Digital freight broker Fura acquires Pinwheel Logistics

Digital 3PL Fura announced Friday its third acquisition with the addition of Pinwheel Logistics.

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26 December
Todd Maiden

LTL industry readies for new freight classifications in 2025

Big changes are coming in 2025 to the way less-than-truckload freight is classified.

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20 December
Todd Maiden

WARN Act claims against Yellow likely to be reduced

A Thursday opinion from a federal bankruptcy judge said Yellow didn’t provide proper notification ahead of layoffs but its actions were in good faith, meaning the claims may be reduced.

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Todd Maiden

A stand-alone FedEx Freight gives LTL investors another pure play

A spinoff of FedEx Freight will give investors more options to play the less-than-truckload space.

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19 December
Todd Maiden

FedEx to spin off LTL unit; lowers full-year guidance

FedEx said Thursday it will move forward with the separation of its less-than-truckload and legacy package delivery businesses.

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18 December
Todd Maiden

Judge OKs sale of Yellow terminals to Estes, R+L Carriers

A federal bankruptcy court has approved two sales totaling $192.5 million for 12 of Yellow Corp.’s terminals.

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Todd Maiden

DCLI adding GPS tracking to domestic chassis fleet

Direct ChassisLink Inc. announced it’s adding GPS tracking to its entire fleet of 53-foot domestic chassis.

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16 December
Todd Maiden

Pitt Ohio adds Midwest carrier Sutton Transport to network

Less-than-truckload carrier Pitt Ohio has acquired Midwest carrier Sutton Transport.

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12 December
Todd Maiden

November Cass data shows improvement

Volumes and expenditures moved higher in November, a Thursday report from Cass Information Systems showed.

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11 December
Todd Maiden

Latest Yellow terminal sales to fetch $192.5M

Less-than-truckload carriers Estes and R+L Carriers have made offers to acquire $192.5 million in real estate from bankrupt Yellow Corp.

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Todd Maiden

Fireside Chat: Transportation M&A projected to rebound in 2025

M&A adviser Spencer Tenney shares his thoughts on deal activity in the new year.

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10 December
Todd Maiden

Priority Courier Experts acquires Indiana-based parcel courier

Same-day logistics provider Priority Courier Experts announced it has acquired Now Courier.

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06 December
Todd Maiden

Forward Air parts ways with president, COO

Forward Air announced after the market closed Friday the termination “without cause” of its president and chief operating officer.

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04 December
Todd Maiden

Radiant Logistics acquires intermodal provider TCB Transportation

Radiant Logistics has acquired intermodal marketing company TCB Transportation.

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Todd Maiden

XPO, Old Dominion waiting for market turn

XPO and Old Dominion reported tonnage declines in November, but both appear to be anticipating a market recovery.

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03 December
Todd Maiden

Descartes reports record results in fiscal Q3

Descartes reported record quarterly results Tuesday after the market closed.

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Todd Maiden

Transportation pricing up again in November, sentiment survey shows

The November Logistics Managers’ Index showed a jump in transportation pricing even as capacity stepped higher.

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Todd Maiden

LTL stocks sag on Q4 updates

Intraquarter updates from a pair of less-than-truckload carriers pushed shares of the group lower on Tuesday.

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02 December
Todd Maiden

LTL carriers waiting for next demand catalyst in post-Yellow world

Industrial data remains under pressure ahead of intraquarter updates from less-than-truckload carriers.

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Nov - 2024 -
25 November
Todd Maiden

Kenan Advantage Group acquires Texas-based XBL

Kenan Advantage Group announced the acquisition of Texas-based XBL.

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Todd Maiden

Schneider National acquires Cowan, real estate for more than $400M

Schneider National announced it has acquired Cowan Systems and some of its real estate assets in a deal totaling more than $400 million.

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Todd Maiden

Jack Cooper getting closer to entering LTL biz

The Teamsters new labor deal with Standard Forwarding likely clears the path for a Jack Cooper acquisition.

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22 November
Todd Maiden

KAG acquires Michigan-based dry bulk hauler

Kenan Advantage Group announced Friday that it has acquired Michigan-based dry bulk hauler PRM Trucking.

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Todd Maiden

Roadrunner changes hands, accelerates growth efforts

A majority stake in less-than-truckload carrier Roadrunner has changed hands from an activist investor to an investment group led by the company’s CEO.

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21 November
Todd Maiden

GenLogs helping brokers generate leads and fight crime

Freight asset intelligence platform GenLogs is now using its carrier identification data to help law enforcement solve thefts.

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20 November
Todd Maiden

J.B. Hunt eyes intermodal pricing inflection

J.B. Hunt Transport Services is hopeful that Western rail service will improve, allowing it to layer higher contract pricing across record intermodal volumes.

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Todd Maiden

Venture 53 partner talks winning early stage strategies

Speaking at FreightWaves’ F3: Future of Freight Festival, John Larkin, senior partner at Venture 53, discusses what he looks for in an early stage company.

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