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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 - 2023 -
15 March
Todd Maiden

R&R Express grows portfolio with addition of Denver-based fleet

R&R Express announced Wednesday it has acquired Denver-based carrier Load to Ride.

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14 March
Todd Maiden

Weakness in freight shipments to linger, Cass says

A report from Cass Information Systems suggests the current softness in freight markets is likely to hang around for “several more months.”

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13 March
Todd Maiden

Forwarder EFW acquires trade show logistics operator

Estes Forwarding Worldwide announced it has acquired trade show logistics provider Legacy Logistics.

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Todd Maiden

Midwest trucking company Rapid Response now owned by employees

Trucking company Rapid Response has been sold to its employees, investment banking firm ButcherJoseph announced Friday.

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09 March
Todd Maiden

Yellow’s yield-at-all-cost strategy may be ending

After culling underperforming freight for the better part of two years, less-than-truckload carrier Yellow sees volumes inflect positively.

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Todd Maiden

XPO adds former Old Dominion CFO to board

Less-than-truckload carrier XPO said it added 30-year industry veteran Wes Frye to its board as it pursues a six-year financial improvement plan.

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07 March
Todd Maiden

Forward Air’s tonnage declines ahead of peers; March numbers improve

Forward Air said Tuesday that low-teens tonnage declines over the past few months have calmed in early March.

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Todd Maiden

Los precios del transporte baten un récord de descenso en febrero 

El Índice de Gestores Logísticos registra la caída de precios más rápida en 6,5 años

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Todd Maiden

Transportation prices set record for rate of decline in February

Transportation rates fell at the fastest-ever pace recorded in February, according to a monthly supply chain survey.

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06 March
Todd Maiden

Sage Logistics acquires small Chicago fleet

Transportation and logistics provider Sage Logistics Holdings said it has entered an agreement to acquire Byland Transportation.

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Todd Maiden

ArcBest’s Q1 update shows impact of dynamic pricing model

ArcBest’s first-quarter update bucks the less-than-truckload industry trend as tonnage increases and yields moderate.

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03 March
Todd Maiden

Old Dominion says shipments ‘have largely stabilized’

Less-than-truckload carrier Old Dominion sees volumes drop again in February but notes the worst of it may be behind them.

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02 March
Todd Maiden

Transfix announces Shen stepping down, appoints new CEO

Freight broker Transfix announced its chief technology officer has been appointed CEO effective immediately.

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Todd Maiden

Saia’s tonnage declines carry into Q1

Less-than-truckload carrier Saia reported January and February tonnage declines that were in line with fourth-quarter declines when adjusting for weather.

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01 March
Todd Maiden

Forwarder Yusen Logistics acquires New Jersey-based 3PL Taylored Services

Japanese air and ocean forwarder Yusen Logistics said it has increased its U.S. contract logistics offering with the acquisition of Taylored Services.

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Todd Maiden

Descartes provides ‘cautious’ outlook, reiterates long-term targets

Supply chain software provider Descartes sees retailers refilling shelves as 2023 progresses.

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Todd Maiden

ArcBest touts system for loading, unloading trailer in one motion

ArcBest said Wednesday it has launched freight movement technology, allowing the contents of an entire trailer to be unloaded at once.

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Feb - 2023 -
28 February
Todd Maiden

ArcBest trims product offering with $100M sale of FleetNet

ArcBest said Tuesday it has further simplified its business model by selling emergency roadside and maintenance services provider FleetNet America.

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27 February
Todd Maiden

Saia adds next-day lanes in Northeast, mid-Atlantic

Less-than-truckload carrier Saia announced it has added more next-day lanes to its network.

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23 February
Todd Maiden

Werner names new CFO

Werner Enterprises announced Thursday that Christopher Wikoff will succeed John Steele as the company’s chief financial officer.

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22 February
Todd Maiden

Reconfiguring retail space to improve fulfillment

Fillogic CEO Bill Thayer chats middle mile and reverse logistics at FreightWaves’ Global Supply Chain Week.

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21 February
Todd Maiden

Global shipping in the ‘process of normalizing’

New York Shipping Exchange head Gordon Downes talks about the ocean shipping market at FreightWaves’ Global Supply Chain Week.

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Todd Maiden

TFI International acquires intermodal provider Axsun

TFI International said Tuesday it acquired asset-light intermodal provider Axsun.

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15 February
Todd Maiden

Do Teamsters have leverage against weakened Yellow’s operational changes?

The Teamsters union says it wants more details before agreeing to any of less-than-truckload carrier Yellow’s operational changes.

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14 February
Todd Maiden

Descartes acquires final-mile automation platform in $138M deal

Supply chain software provider Descartes announced Tuesday the acquisition of final-mile tech platform GroundCloud.

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Todd Maiden

Cass: January shipments better than expected; TL takes share from other modes

A Tuesday report from Cass Information Systems showed freight shipments in January were flat with December on a seasonally adjusted basis.

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13 February
Todd Maiden

Pam Transportation sees margin deterioration in no-peak Q4

Carrier Pam Transportation saw margin pressure in the fourth quarter as peak season didn’t materialize.

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Todd Maiden

Pitt Ohio makes investment in final-mile provider

Less-than-truckload carrier Pitt Ohio announced a minority investment in national final-mile platform Aria Logistics.

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12 February
Todd Maiden

Comienza el ruido de choque de espadas antes de las negociaciones laborales de LTL

Los jefes de los Teamsters prometen “luchar como locos” contra los acuerdos de ABF y TForce

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Todd Maiden

Saber-rattling begins ahead of LTL labor negotiations

The Teamsters union promises a fight heading into contract renewals with less-than-truckload carriers.

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11 February
Todd Maiden

How can grocery LTL evolve?

AskWaves looks at what shippers, carriers, 3PLs and receivers can do to improve less-than-truckload transportation in the grocery space.

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10 February
Todd Maiden

Radiant delays filing again; no date given for restatement of financials

Radiant Logistics pushed back financial filings once again as it works to correct inaccurate timing of revenue and expenses in prior periods.

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09 February
Todd Maiden

Yellow sees tonnage plummet, books Q4 loss

Less-than-truckload carrier Yellow reported another large decline in volume leading to a fourth-quarter loss.

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Todd Maiden

XPO says it’s ‘not sacrificing price to buy volume’

XPO’s growth strategy includes a wider net for capturing volume, but the less-than-truckload carrier is adamant it will remain price disciplined.

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08 February
Todd Maiden

XPO gains market share in Q4, beats analysts’ expectations

XPO takes share in the fourth quarter, posting adjusted earnings ahead of consensus.

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Todd Maiden

Echo Global Logistics adds LTL veterans to roster

Echo Global Logistics said it has hired former Roadrunner president Frank Hurst and XPO operations vice president Phil Resendiz to lead its less-than-truckload efforts.

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07 February
Todd Maiden

Werner’s Q4 beats, 2023 guidance has some hurdles

Management from Werner Enterprises parses through 2023 expectations on a Tuesday evening call with analysts.

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Todd Maiden

Yellow files revised change of operations with Teamsters

Less-than-truckload carrier Yellow filed revised notifications with the Teamsters seeking more subdued changes to operations after receiving pushback from the union.

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Todd Maiden

Transportation metrics show early signs of firming in January

A monthly survey of supply chain executives released Tuesday revealed signals that transportation markets could be poised for a recovery.

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06 February
Todd Maiden

Flatbed carrier Daseke sees industry hitting new peak for rates in 2025

Daseke said Monday that supply constraints and cost inflation will again push flatbed rates to new highs in 2025.

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03 February
Todd Maiden

Recent acquisitions weigh on Heartland Express’ Q4

Truckload carrier Heartland Express missed fourth-quarter expectations Friday.

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Todd Maiden

ArcBest’s Q4 light of analysts’ expectations

ArcBest’s fourth-quarter was worse than expected as the carrier manages through the downside of the less-than-truckload cycle.

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02 February
Todd Maiden

Jones Logistics expands footprint with Nationwide Express acquisition

Jones Logistics said Thursday it has acquired dedicated carrier Nationwide Express.

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Todd Maiden

Schneider’s 2023 outlook better than expected

Schneider National provided better-than-expected fourth-quarter results Thursday, and its 2023 guidance also came in ahead of analysts’ expectations.

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Todd Maiden

Landstar navigates downturn in Q4, points to summer recovery

Freight broker Landstar System sees a rocky road in the first half of 2023, with normal seasonality returning by summer.

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01 February
Todd Maiden

Old Dominion handily beats Q4 expectations; shares up 8%

Amid falling tonnage throughout the less-than-truckload complex, Old Dominion posts another large earnings beat.

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Jan - 2023 -
31 January
Todd Maiden

Old Dominion appoints new president and CEO

Less-than-truckload carrier Old Dominion moved forward with a long-term succession plan Tuesday, announcing that its chief operating officer will replace its CEO in July.

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Todd Maiden

Old Dominion nombra nuevo presidente y el CEO

El director de operaciones Marty Freeman sucederá a Greg Gantt

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30 January
Todd Maiden

Link Logistics Q4 update highlights strong final-mile real estate demand

Logistics warehouse operator Link Logistics reports high occupancy and rents during the fourth quarter.

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Todd Maiden

Saia’s 6.5% GRI outpaces LTL peers

Less-than-truckload carrier Saia implements a 6.5% general rate to offset cost inflation and advance network investment.

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27 January
Todd Maiden

Container drayage TMS provider PortPro raises $12M

Container drayage TMS provider PortPro said it raised $12 million to expand tech capabilities on its platform.

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26 January
Todd Maiden

Knight-Swift’s Q4 misses, 2023 outlook does not

Knight-Swift Transportation’s 2023 outlook comes in as expected, potentially establishing a higher earnings trough for the carrier.

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Todd Maiden

Covenant se muestra optimista: esta vez es diferente; las acciones caen un 20% tras un cuarto trimestre errático 

La degradación de las ganancias por acción (EPS) se contendrá probablemente entre el 25% y el 30% en esta recesión

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Todd Maiden

Covenant optimistic this time is different; stock falls 20% on wonky Q4

Covenant Logistics Group is hopeful this cycle won’t bring a material earnings decline, which was the norm in prior downturns.

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25 January
Todd Maiden

Covenant misses expectations in noisy Q4

Covenant Logistics Group missed fourth-quarter expectations even when excluding expenses incurred onboarding equipment.

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Todd Maiden

Indianapolis-based 3PL FitzMark inks 7th acquisition

FitzMark announced Wednesday it has completed its seventh acquisition in the last four years.

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23 January
Todd Maiden

Refrigerated carrier R.E. Garrison buys Georgia produce hauler

Temperature-controlled carrier R.E. Garrison Trucking announced it has acquired produce hauler Boaty’s Transport.

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Todd Maiden

Pitt Ohio adds next-day lanes in New York

Less-than-truckload carrier Pitt Ohio announced it has sped up service on numerous lanes in and out of the state of New York.

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18 January
Todd Maiden

Los alquileres de inmuebles logísticos volverán a subir en 2023 

Prologis afirma que la previsión de crecimiento del 10% de los alquileres en EE.UU. podría ser conservadora

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Todd Maiden

J.B. Hunt hopeful for Q2 demand inflection

Management from J.B. Hunt sees the potential for a rebound in freight markets by the back half of 2023.

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Todd Maiden

J.B. Hunt falls short in Q4

J.B. Hunt recorded a huge headline miss in the fourth quarter. However, excluding what may be a nonrecurring claims expense, the result was more subdued.

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17 January
Todd Maiden

Bank of America bullish on TL stocks as ‘truck demand near floor’

Bank of America analyst Ken Hoexter now has a buy rating on most of the truckload carriers he follows.

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Todd Maiden

XPO taps equities analyst as new chief strategy officer

XPO announced Tuesday it has hired Wall Street analyst Ali Faghri to head its strategy initiatives.

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12 January
Todd Maiden

Total freight costs fall year over year in December for first time in 28 months

Shippers are seeing relief in freight costs for the first time in more than two years, according to the December Cass Freight Index.

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10 January
Todd Maiden

Webb Estes named president, COO at Estes Express Lines

Estes Express Lines announced Tuesday that Webb Estes has been named president and chief operating officer.

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09 January
Todd Maiden

Analysts make divergent calls on trucking in 2023

Morgan Stanley said trucking fundamentals could be “bottoming” in a Monday note to clients while Susquehanna called it quits on several stocks.

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07 January
Todd Maiden

How changes in supply chain finance disclosure could impact shippers

AskWaves looks at how recent changes requiring disclosure of supply chain finance programs could impact shippers.

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06 January
Todd Maiden

Private equity adds another piece at Port of Charleston

NOVA Infrastructure has announced it added another port drayage provider serving the Port of Charleston to its portfolio.

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05 January
Todd Maiden

LTL provider Roadrunner ups service game again

Less-than-truckload provider Roadrunner has announced its “biggest-ever transit improvements.”

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04 January
Todd Maiden

Forward Air to buy expedited LTL provider Land Air Express

Forward Air announced it will buy fellow expedited less-than-truckload provider Land Air Express in a $56.5 million transaction.

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03 January
Todd Maiden

Los precios del transporte caen en diciembre al ritmo más rápido de su historia, según el IML 

El Índice de Gestores Logísticos, que cumple 6 años, registra la “mayor tasa de contracción” de la historia

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Todd Maiden

Transportation prices fall at fastest-ever pace in December, LMI says

Transportation prices fell at the fastest pace on record, according to the December Logistics Managers’ Index.

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02 January
Todd Maiden

Transformational deals in trucking during 2022

Deal flow slowed in 2022, but there were still a number of transactions that changed trucking’s landscape during the year.

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Dec - 2022 -
21 December
Todd Maiden

Cox Transportation buys cross-border specialist Outwest Express

Cox Transportation announced Wednesday the acquisition of Outwest Express and its fleet of more than 400 tractors and 1,200 trailers.

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20 December
Todd Maiden

EFW, project44 launch rating API giving LTL shippers expedited options

Estes Forwarding Worldwide and project44 have developed a rating API that provides expedited quotes for LTL shippers.

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Todd Maiden

XPO ve múltiples vías para aumentar sus beneficios en LTL 

Ambiciones inalteradas mientras la compañía pasa de ser una empresa pura a ser “predominantemente una empresa norteamericana de LTL”.

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Todd Maiden

Lazer Logistics adds yard management assets in latest deal

Lazer Logistics said Tuesday it has acquired the yard shuttling operations from Colorado-based Preferred Cartage Trucking Services.

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Todd Maiden

XPO sees multiple paths to grow LTL earnings

Even though the final piece of XPO’s breakup has been put on hold, the company’s bullish growth ambitions for less-than-truckload have not changed.

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15 December
Todd Maiden

LTL industry taking rate increases as volumes drop

Less-than-truckload carriers are hopeful a recent round of general rate increases stick on the downside of the cycle.

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14 December
Todd Maiden

Supply chain risk, not economics, now driving reshoring interest

The Reshoring Institute’s Rosemary Coates discusses how companies are navigating supply chain risks by bringing manufacturing home.

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13 December
Todd Maiden

Yellow modificará los cambios propuestos en su red tras escuchar a los Teamsters 

El transportador planea modificar y volver a presentar rápidamente el cambio de operaciones

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Todd Maiden

Cass: November shipments flat, rates seeing last of increases

Cass data released Tuesday showed shipments have moderated and rates are poised to start unwinding two years of increases in January.

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Todd Maiden

Yellow to alter proposed network changes after listening to Teamsters

Yellow Corp. will modify and refile proposed network changes after meeting with local unions.

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12 December
09 December
Todd Maiden

Yellow sees outsize volume drop as network overhaul advances

Yellow is seeing large tonnage declines continue as the fourth quarter advances.

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08 December
Todd Maiden

Forward Air sees near-20% tonnage decline in November

Asset-light less-than-truckload provider Forward Air sees tonnage fall off sharply in November.

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Todd Maiden

Descartes says customer supply chain investment still firm amid ‘cautious’ backdrop

Descartes said demand for supply chain visibility tools remains strong amid uncertainty in the broader economy.

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07 December
Todd Maiden

World Group acquires Pacific Northwest 3PL

ContainerPort Group’s parent World Group announced the acquisition of distribution and trucking company Pacific Cascade.

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Todd Maiden

Transportation capacity up, prices see ‘sharpest rate of contraction’ in November

The November Logistics Managers’ Index showed transportation capacity was up again with pricing contracting at the fastest rate on record.

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05 December
Todd Maiden

Old Dominion, ArcBest log November tonnage declines

Less-than-truckload tonnage declined at an accelerated pace through November.

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02 December
Todd Maiden

XPO pulls divestiture of European transportation unit

XPO announced it will retain its European business as capital markets abroad have weakened.

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