Watch Now

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 - 2020 -
24 March
Todd Maiden

P.A.M. Transportation lays off 75 employees, mostly nondrivers

P.A.M. Transportation says it has temporarily laid off approximately 75 employees as auto plant closures increase.

Read More »
23 March
Todd Maiden

J.B. Hunt drivers and support personnel to get bonuses during outbreak

J.B. Hunt announces $500 one-time bonus for drivers and field staff serving during COVID-19 pandemic.

Read More »
Todd Maiden

Morgan Stanley cuts estimates, upgrades transports to ‘in-line’

Morgan Stanley upgrades its freight transportation industry view from “cautious” to “in-line.” The firm lowered its earnings expectations for the group.

Read More »
20 March
Todd Maiden

Cold storage facility operator Americold keeping all facilities open

Americold Realty Trust plans to keep all 183 cold storage facilities “open for business.”

Read More »
Todd Maiden

XPO ends bid to break up the company

Citing a deterioration in market conditions, XPO announces that it is no longer looking to spin-off its separate business units.

Read More »
19 March
Todd Maiden

OmniTRAX builds out management team

OmniTRAX announces new CFO following several additions to the management team.

Read More »
17 March
Todd Maiden

Stifel sees decent volumes near term, 2Q in jeopardy

Stifel Financial sees an OK first quarter, but the picture gets less clear after that, with risks to second-quarter earnings estimates.

Read More »
Todd Maiden

Amazon to add 100,000 workers, accepting only household and medical supplies into centers

Amazon.com, Inc. plans to add 100,000 workers, increase hourly wages and limit items received into its fulfillment centers in response to the coronavirus outbreak.

Read More »
16 March
Todd Maiden

Stifel sees supply chain disruption through summer

Stifel Financial’s conference call with industry executives forecasts supply chain disruption extending to July or longer.

Read More »
13 March
Todd Maiden

Truckload recovery diminishes amid ongoing coronavirus impact

Negative trends in the transportation markets continued in February, according to freight data released by payment management solutions provider, Cass Information Systems Inc.

Read More »
12 March
Todd Maiden

Cass data weak in February, truckload recovery expectations pushing outward

Virus-related demand headwinds bring fresh declines in February Cass data. Visibility into a potential trucking recovery is further clouded.

Read More »
Todd Maiden

New UPS CEO Carol Tomé held in ‘high esteem’

Carol Tomé named new CEO at UPS. David Abney to retire at the end of 2020 after a 46-year career.

Read More »
10 March
Todd Maiden

Daseke sees flatbed softness continuing through first half of 2020

Daseke expects weakness in the industrial markets and oil and gas sectors to persist. Management said the environment was sequentially weaker in the first quarter.

Read More »
09 March
Todd Maiden

FedEx announces CFO transition

Chief Financial Officer Alan Graf to retire at year-end. Corporate Vice President and Treasurer Mike Lenz to assume the role in September.

Read More »
Todd Maiden

XPO to acquire Kuehne + Nagel’s UK contract logistics unit

XPO announces deal to buy the majority of Kuehne + Nagel’s U.K. contract logistics segment. The deal comes shortly after XPO announced plans to divest units.

Read More »
04 March
Todd Maiden

SaaS Capital announces 3Gtms has acquired portfolio company Pacejet

Transportation and logistics software provider 3Gtms acquires cloud-based shipping software provider Pacejet.

Read More »
Todd Maiden

Less-than-truckload headwinds continue, Old Dominion sees small decline

Tonnage headwinds and better yields are the story so far in 2020. Old Dominion Freight Line reports modest revenue decline.

Read More »
03 March
Todd Maiden

Target sees ‘strong’ February sales, monitoring virus-related supply chain stress

‘Strong sales’ in February are expected to continue through Easter. Disruptions to the company’s supply chain continue to be monitored.

Read More »
02 March
Todd Maiden

CRST acquires final-mile logistics provider NAL Group

Final-mile acquisitions continue. CRST adds to its service offering by acquiring NAL Group.

Read More »
Todd Maiden

JD.com navigating ‘hard hit’ to consumer market amid virus outbreak

China’s largest ecommerce company, JD.com, not ready to completely quantify coronavirus disruption.

Read More »
Feb - 2020 -
28 February
27 February
Todd Maiden

Railcar depression evident in FreightCar America’s 4Q results

FreightCar America’s fourth-quarter results highlight the weakened railcar demand environment.

Read More »
26 February
Todd Maiden

PS Logistics completes acquisition of Southeast Logistics

PS Logistics announces that it has completed the acquisition of Southeast Logistics.

Read More »
Todd Maiden

New Dallas-area facility aims to grow fleet, according to Schneider

Schneider National’s new Dallas operating center set to open as the company looks to grow its active fleet.

Read More »
Todd Maiden

Self-inflicted wounds lead to holiday sales below internal expectations

Lowe’s sees positive sales comps in 14 of 15 regions, but full-year fiscal 2020 guidance disappoints.

Read More »
25 February
Todd Maiden

Home Depot not baking in any impact from coronavirus

The Home Depot continues to report record sales growth on the back of a “very strong” consumer.

Read More »
24 February
Todd Maiden

Atlas Logistics acquires last-mile delivery company TopHAT

More mergers and acquisitions in the final-mile space as Atlas Logistics acquires last-mile solution in TopHAT deal.

Read More »
20 February
Todd Maiden

Americold’s outlook for temperature-controlled storage remains strong

Americold sees “lots of occupancy opportunities” for cold storage moving forward.

Read More »
19 February
Todd Maiden

January brings accelerated declines for Cass freight volumes and expenditures

Declines in Cass data accelerate but report calls for rates to inflect higher in 2020.

Read More »
18 February
Todd Maiden

Walmart earnings lower than expected as holiday sales disappoint

Walmart’s fiscal fourth quarter comes in light of expectations as holiday activity was lower than expected.

Read More »
17 February
Todd Maiden

Old Dominion sets 4.9% general rate increase effective March 2

Old Dominion Freight Line announces a 4.9% general rate increase after reporting market stabilization in January.

Read More »
14 February
Todd Maiden

After years of high growth, Daseke finds itself in need of a tune-up

Into its second decade of existence, Daseke pumps the brakes on acquisitions and attempts to streamline all that it has bought.

Read More »
13 February
Todd Maiden

WEX reports strong Q4; transportation ‘biggest drag’ on fleet segment

Fuel card provider WEX Inc. reports a solid fourth quarter but calls out weakness in the trucking market.

Read More »
12 February
Todd Maiden

Truckload carriers becoming more hopeful on 2020

Truckload carrier heads talk demand, rates and capacity at investor conference.

Read More »
11 February
Todd Maiden

What is factoring?

Many turn to factoring to ease cash crunches.

Read More »
10 February
Todd Maiden

Radiant Logistics reports weaker results; acquisitions continue

Radiant Logistics reports a 25% slowdown in its last calendar quarter of 2019.

Read More »
07 February
Todd Maiden

J.B. Hunt announces CFO retirement

J.B. Hunt announced that CFO David Mee will retire March 1. The company will fill the interim role internally until a permanent replacement is found.

Read More »
06 February
Todd Maiden

Uber pulls forward profit guidance, growth in Uber Freight stagnates sequentially (with video)

A difficult truck brokerage market appears to have stalled growth at Uber Freight compared to the third quarter. However, the operating loss narrowed significantly.

Read More »
Todd Maiden

U.S. Xpress sees tepid start to 2020, improvement to follow

U.S. Xpress sees a path to improved profitability in 2020 and beyond. These were just some of the highlights provided on the carrier’s earnings call.

Read More »
Todd Maiden

U.S. Xpress’ fourth-quarter loss better than expected

U.S. Xpress reported a better-than-feared loss to close out 2019. The company expects conditions to improve in 2020.

Read More »
05 February
Todd Maiden

Werner posts solid Q4 result; ‘choppy times ahead’ in first half of 2020 (with video)

Werner’s management team is still pointing to a truckload recovery in 2020 but noted that the first half will be a challenge.

Read More »
04 February
Todd Maiden

Manhattan Associates sees revenue record in 2019, expects repeat in 2020

Manhattan Associates says demand for cloud-based supply chain services remains robust and led to a record peak season.

Read More »
Jan - 2020 -
31 January
Todd Maiden

Market not buying USA Truck turnaround; stock down 20%

USA Truck’s shares fall after another earnings disappointment. New turnaround initiatives were quantified on the company’s conference call.

Read More »
Todd Maiden

Cass reports record 2019 despite fourth-quarter decline in transportation invoices

Cass Information Systems reports a 6% year-over-year decline in transportation invoices but manages to post another full-year earnings record.

Read More »
30 January
Todd Maiden

Daseke sees smaller loss in fourth quarter, restructuring ‘on schedule’ (with video)

Daseke updates guidance, lowering the expected fourth-quarter loss. The company’s restructuring remains on track.

Read More »
Todd Maiden

Landstar still waiting on inflection in demand and capacity (with video)

Market softness, excess capacity, weak demand and soaring insurance costs and claims were the near-term challenges highlighted on Landstar’s conference call.

Read More »
29 January
Todd Maiden

Insurance, claims drive Landstar earnings miss; deadly accident to impact first quarter (with video)

Landstar’s insurance and claims expense line hit first-quarter results, and another fatal accident results in guidance well below analysts’ expectations.

Read More »
Todd Maiden

Schneider misses the mark to close 2019, but 2020 outlook does not

Schneider National’s fourth quarter suffered from a “muted peak season” and softer rates. However, the carrier’s 2020 outlook calls for improving fundamentals.

Read More »
28 January
Todd Maiden

U.S. Xpress announces favorable refinancing

U.S. Xpress announced it has successfully refinanced its revolving credit facility, lowering the interest rates on a portion of its debt.

Read More »
27 January
Todd Maiden

New Penn requests additional headcount

New Penn Motor Express files change of operations proposal with union to obtain additional workers at three new regional velocity centers.

Read More »
24 January
Todd Maiden

Covenant Transportation continuing to reshape offering

Covenant Transportation continues to reallocate equipment to units with a lower risk profile like dedicated.

Read More »
23 January
Todd Maiden

Covenant Transportation sees ‘difficult operating environment’ in fourth quarter

Covenant Transportation sees significant year-over-year decline in earnings as excess capacity and higher costs persist.

Read More »
Todd Maiden

Jet engines bolster earnings at railcar lessor GATX

Spare aircraft engine dispositions stave off weakened demand for railcars in North America.

Read More »
Todd Maiden

Heartland Express earnings miss partly related to recent acquisition

Heartland Express’ financial results were worse than expected in the fourth quarter of 2019. That said, a large acquisition shoulders more of the blame than weaker market fundamentals.

Read More »
22 January
Todd Maiden

US Bank sees freight payments dip in fourth quarter

US Bank reports declines in freight payment transactions during the fourth quarter. The report signals an improvement on the horizon as truck capacity declines.

Read More »
17 January
Todd Maiden

J.B. Hunt’s earnings call highlights headwinds in brokerage and intermodal (with video)

J.B. Hunt’s fourth quarter call addresses some challenges facing its brokerage and intermodal businesses.

Read More »
Todd Maiden

J.B. Hunt reports tough fourth quarter (with video)

J.B. Hunt reports lower-than-expected earnings in the fourth quarter as weaker market conditions and increased investment weigh on results.

Read More »
15 January
Todd Maiden

Cass Freight Index dips to 2019 low in December

The Cass Freight Index sees its steepest decline in shipments since the Great Recession.

Read More »
Todd Maiden

Dupré Logistics and HOYER form bulk transport joint venture

Dupré Logistics and HOYER form bulk transport entity to provide supply chain services domestically and internationally.

Read More »
Todd Maiden

Highlight Motor Group gets $55 million boost from private equity investment

Canadian-based carrier Highlight Motor Group receives $55 million private equity investment to accelerate North American expansion.

Read More »
13 January
Todd Maiden

Universal Logistics Holdings names new CEO amid ‘soft’ environment

Universal Logistics Holdings names current head of transportation Tim Phillips as its new CEO. Phillips succeeds former CEO Jeff Rogers who “separated” from the company on Friday.

Read More »
11 January
Todd Maiden

How big is the logistics industry?

The global logistics industry is big and getting bigger.

Read More »
09 January
Todd Maiden

Midwest Motor Express acquired by investment firms

Top 25 less-than-truckload carrier Midwest Motor Express has been acquired by Red Arts Capital and Prudential Capital Partners.

Read More »
Todd Maiden

Freight All Kinds: Logistics of commercial construction

Freight All Kinds: Logistics of commercial construction looks at the shipment of commercial building materials and the “carriers” moving them.

Read More »
08 January
Todd Maiden

Lytx reports ‘largest-ever’ investment in video telematics

Video telematics provider Lytx Inc. receives new financial backing from private equity group in a deal that values the company at more than $2.5 billion.

Read More »
07 January
Todd Maiden

Analyst lowers earnings forecasts, truckload hardest hit

Outlook for future improvement to earnings is still hazy as Morgan Stanley analyst lowers fourth-quarter estimates for most transportation companies.

Read More »
02 January
Todd Maiden

J.B. Hunt acquires RDI Last Mile, continuing to scale final-mile division

With the acquisition of RDI Last Mile Co., J.B. Hunt’s Final Mile Services group will have 104 locations and 3.2 million square feet of warehouse space.

Read More »
01 January
Todd Maiden

2019: The year that wasn’t but was

While the truckload carriers are happy to turn the page on 2019, investors in truckload stocks may be hoping for more.

Read More »
Dec - 2019 -
30 December
Todd Maiden

Acquisition of short line railroad Genesee & Wyoming completed

A portfolio of acquisitions culminates in a large sale. Genesee and Wyoming announces that the sale of the company has been completed.

Read More »
20 December
Todd Maiden

Heniff Transportation and Superior Bulk Logistics to merge

Planned merger could create largest tank truck carrier in U.S. Heniff Transportation and Superior Bulk Logistics to merge.

Read More »
19 December
Todd Maiden

Knight-Swift cuts earnings outlook again

The biggest truckload carrier in the U.S. Knight-Swift cuts its fourth quarter 2019 earnings outlook again. The company plans to “revise” its first quarter 2020 guidance in January.

Read More »
Todd Maiden

Canadian National back to normal following strike

Canadian National reports operations have returned to “normalized” levels after an eight-day work stoppage.

Read More »
18 December
Todd Maiden

Cass freight data declines again in November

Cass freight data shows softness again in November. While shipment declines extend to a full year, the rate of the declines may be moderating.

Read More »
Todd Maiden

Bulk carrier TransWood acquires Kane Transport

Liquid and dry bulk carrier TransWood, Inc. announces the acquisition of Kane Transport and its fleet of more than 150 tractors.

Read More »
13 December
Todd Maiden

Morgan Stanley sees lower truck capacity, higher rates in 2020

Morgan Stanley eyeing truck capacity constraints and higher rates in 2020, potentially reaching 2018 levels or higher.

Read More »
Todd Maiden

C.H. Robinson’s growth is fueled by tech investment

C.H. Robinson‘s commitment to innovation and technology secure it a spot in the top ten of the 2020 FreightTech 25 list.

Read More »
12 December
Todd Maiden

Canadian National grain shipments return to pre-strike levels

Canadian National’s grain shipments gain momentum with eight-day strike in the rearview.

Read More »
11 December
Todd Maiden

Roadrunner announces departure of president

President and chief operating officer, Michael Gettle, who assisted in the corporate restructuring is leaving the company.

Read More »
Todd Maiden

MODE Transportation completes SunteckTTS acquisition

MODE Transportation announces that it has completed the acquisition of SunteckTTS.

Read More »
10 December
Todd Maiden

Landstar ends sour 2019 on high, announces $2 special dividend

Landstar’s strong cash flow generation and enviable balance sheet allow it to pay large special dividends even in down market years.

Read More »
Todd Maiden

Cass partners helping enhance industry analysis

Cass announces two new partnerships designed to enhance the reporting and data methodology of its Cass Transportation Indexes.

Read More »
Todd Maiden

Walmart testing driverless grocery delivery

Walmart seeks to bolster its online grocery business through autonomous home delivery.

Read More »
09 December
Todd Maiden

Roadrunner sells flatbed unit, another step in restructuring

Roadrunner Transportation continues to overhaul its portfolio with the sale of its flatbed unit.

Read More »
05 December
Todd Maiden

Truckload stocks upgraded as fundamentals ‘bottom’

Truckload stocks get an upgrade at Goldman Sachs. Analyst cites “bottoming” fundamentals and the likelihood that the trucking downturn is nearing the midway point as reasons for the upgrade.

Read More »
04 December
Todd Maiden

North American railroads chart the course for 2020

Several management teams from North America’s largest Class I railroads were on hand to discuss current demand, their networks and the future at the Credit Suisse 7th Annual Industrials Conference.

Read More »
02 December
Todd Maiden

ID Logistics gains US platform in Jagged Peak acquisition

France-based contract logistics provider ID Logistics Group SA gains access to a U.S. e-commerce platform in its acquisition of Jagged Peak.

Read More »
Nov - 2019 -
29 November
Todd Maiden

Daimler to lay off at least 10,000 workers worldwide

Daimler AG announced that it has reached an agreement with employee representatives to trim its workforce by at least 10,000 workers.

Read More »
27 November
Todd Maiden

Rail carloads see false positive on wonky comp

North American Class I carloads increased year-over-year in week 47 on a favorable comp. The prior four-week average remains weak.

Read More »
21 November
Todd Maiden

Americold rakes in a few more facilities

Americold Realty Trust continues to grow its temperature-controlled storage footprint through acquisition. The company looked north of the border for its latest deal.

Read More »
20 November
Todd Maiden

Lowe’s announces plans to close more stores

Lowe’s announces plans to make leadership changes and close 34 stores in Canada. The home improvement retailer increased earnings guidance for fiscal 2019.

Read More »
19 November
Todd Maiden

Home Depot lowers sales forecast for the remainder of 2019

The Home Depot, Inc. reels in full year sales expectations due to timing of investment initiatives. Management expects broad-based growth to continue as consumer discretionary spending remains steady.

Read More »
18 November
Todd Maiden

MODE Transportation bolsters third-party offering in deal with SunteckTTS

Third-party transportation and logistics provider MODE Transportation has acquired SunteckTTS for an undisclosed amount. The combined entity is expected to generate $2 billion in annual revenue.

Read More »
15 November
Todd Maiden

JD.com reports robust sales growth with the expectation for more

Chinese e-commerce heavyweight JD.com reports strong growth across its platform, a trend the company expects to continue.

Read More »
Todd Maiden

Cass data and outlook down again in October

The latest Cass outlook signals “economic contraction,” but the heads at some of the nation’s largest truckload carriers see a different path.

Read More »
14 November
Todd Maiden

Walmart reports sales growth, increases outlook

The world’s largest retailer, Walmart, reports quarterly results ahead of expectations and raises its earnings outlook for fiscal 2020.

Read More »
12 November
Todd Maiden

Radiant Logistics’ report ahead of expectations, but peak season likely to disappoint

Radiant Logistics posts a good quarter, but warns that peak shipping season isn’t shaping up heading into the holidays.

Read More »
Todd Maiden

Daseke sees large loss as it “rightsizes” operations

Daseke, Inc. reports a large loss amid operational restructuring and weaker flatbed demand. The company announces new initiatives as its reorganization continues.

Read More »
07 November
Todd Maiden

Cervus falls victim to softness in equipment markets

Demand headwinds for agricultural and transportation equipment were the factors behind Cervus Equipment’s operating loss in the third quarter of 2019.

Read More »
Loading Posts