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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.
Dec - 2022 -
01 December
Todd Maiden

LTL tonnage declines accelerate in November

The deceleration in less-than-truckload tonnage during the fourth quarter is worse than analysts expected.

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Nov - 2022 -
29 November
Todd Maiden

Best Warehousing and Transportation acquired by private equity

Bluejay Capital Partners has acquired Atlanta-based 3PL Best Warehousing and Transportation for an undisclosed amount.

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27 November
Todd Maiden

Cómo funcionan y evolucionan las tarifas de los transportadores LTL 

AskWaves: “No debería seguir habiendo un solo cubo de normas reactivas en un PDF

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Todd Maiden

How LTL carrier rules tariffs work and will evolve

AskWaves looks at how carriers are better communicating rules tariffs to customers.

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22 November
Todd Maiden

LTL carriers dialing down labor expenses as volumes sag

XPO becomes the latest less-than-truckload carrier to announce voluntary furloughs.

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17 November
Todd Maiden

Hub Group CEO Dave Yeager to retire; succession plan announced

Hub Group, a full-service transportation and logistics provider, detailed leadership changes on Thursday.

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Todd Maiden

Truckload broker RXO ready to take on market alone

Management from one of the nation’s largest truck brokerages is ready to take on the industry alone.

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16 November
Todd Maiden

LTL carriers point to shrinking tonnage in November

Less-than-truckload demand has taken another step lower, according to carriers attending the Stephens investor conference.

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Todd Maiden

Los transportadores LTL apuntan a un descenso del tonelaje en noviembre 

Hablemos por un momento del elefante en la habitación: nuestro tonelaje de octubre”, se lamenta el director general de Yellow

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14 November
Todd Maiden

Cass: ‘Considerable cost relief is now highly probable for 2023’

Cass said Monday that positive trends in freight shipments and expenditures are likely to turn negative year over year in December.

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Todd Maiden

Daseke to buy out founder in $108M transaction

Flatbed trucking company Daseke announced Monday it is repurchasing the nearly 30% stake in the company held by its founder.

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10 November
Todd Maiden

Los transportadores apuestan por el resto de 2022 y esperan que el mercado se normalice en 23

Los responsables de las empresas de transporte hablan de los próximos meses en la conferencia de inversionistas de Baird

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Todd Maiden

PS Logistics adds Mississippi carrier, broker to portfolio

PS Logistics said Thursday its fifth acquisition of the year will expand coverage in the Southeast.

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Todd Maiden

Radiant pushes back financial filing again, provides preliminary FQ1 numbers

Radiant Logistics said Wednesday it needed more time to complete a restatement of financials and submit results to the SEC.

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Todd Maiden

Carriers punt on rest of 2022, hopeful for market normalization in ’23

Trucking executives are hopeful the first half of 2023 brings a cycle recovery.

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09 November
Todd Maiden

Show-me story Daseke expects to perform through downturn

Flatbed hauler Daseke said its trucks remain “booked solid” and that it will look to use cost and efficiency initiatives to improve results again in 2023.

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07 November
Todd Maiden

Forward Air acquires another drayage provider

Forward Air said Monday it has entered into an agreement to acquire an intermodal drayage provider with locations in Mobile, Alabama, and Memphis, Tennessee.

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Todd Maiden

Werner adquiere ReedTMS Logistics en un acuerdo de 112 millones de dólares 

El corredor de Tampa, Florida, generó 372 millones de dólares de ingresos en el último año.

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Todd Maiden

Werner acquires ReedTMS Logistics in $112M deal

Werner Enterprises announced the acquisition of freight broker ReedTMS Logistics for $112.4 million. The deal also included a small dedicated carrier.

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04 November
Todd Maiden

Broker Echo ups global freight forwarding game in latest deal

Echo Global Logistics said it has acquired Fastmore Logistics, a brokerage with a specialized carrier network and expertise selling to international freight forwarders.

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03 November
Todd Maiden

Demand for logistics space ‘healthy,’ Link Logistics says

Logistics real estate operator Link Logistics said “broad-based demand” further narrowed vacancy rates and produced record lease spreads in the third quarter.

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Todd Maiden

Werner ready to navigate a downturn

Werner Enterprises has built a model to perform on the downside of the cycle. Management believes the carrier may be better positioned to do so than in the past.

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02 November
Todd Maiden

Yellow’s tonnage declines accelerate in October

Less-than-truckload carrier Yellow Corp. navigates second year of volume declines amid network overhaul.

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Todd Maiden

Heartland Express’ acquisitions change earnings complexion in Q3

Heartland Express said recent fleet acquisitions will take three years to match the level of its legacy operations.

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01 November
Todd Maiden

Transportation capacity hit high-water mark in October, survey says

Transportation capacity grew during October at the fastest pace captured in the history of a 6-year-old data set.

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Todd Maiden

El tono se agrava en las convocatorias de camiones del tercer trimestre 

Los transportadores dicen que la demanda de la temporada alta, los proyectos de carga, “nada de eso se materializó

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Todd Maiden

Done deal: XPO completes spinoff of brokerage unit RXO

XPO announced Tuesday that it has spun off brokerage unit RXO, which is now a separately traded company.

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Todd Maiden

La capacidad de transporte alcanzó su máximo nivel en octubre, según una encuesta 

IML: “Ni siquiera durante la recesión del transporte de mercancías de 2019 observamos que la capacidad se pusiera en marcha tan rápidamente

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Todd Maiden

ArcBest to contend with tonnage declines, cost inflation in Q4

ArcBest beats expectations in a noisy third quarter. Tonnage declines and cost inflation during the fourth quarter will put the model to the test.

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Todd Maiden

Tone sours on Q3 trucking calls

Truckload carriers prepare for the other side of the freight boom.

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Oct - 2022 -
31 October
Todd Maiden

Saia says demand lost momentum as Q3 advanced

Less-than-truckload carrier Saia slightly missed third-quarter expectations and noted volumes softened as the quarter progressed.

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Todd Maiden

XPO closes a chapter, Q3 beat with mixed Q4 guide

XPO Logistics’ third-quarter results were at the high end of preannounced ranges. The fourth-quarter outlook calls for continued growth but with some cost pressures.

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28 October
Todd Maiden

Ruan acquires Michigan-based dedicated carrier NTB

Ruan announced the acquisition of Michigan-based regional carrier NTB on Friday.

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27 October
Todd Maiden

Schneider beats in Q3, echoes slowing demand trends

Schneider National beat expectations for the third quarter but pulled in guidance as peak season is likely to be “muted.”

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Todd Maiden

Forward Air sees further growth in 2023 as macro cools

Forward Air highlights several growth opportunities that will push results higher again in 2023 even if the economy slows further.

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26 October
Todd Maiden

Old Dominion says volume weakness could clear by spring

Old Dominion said Wednesday that it’s likely more than half way through this volume downturn.

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24 October
Todd Maiden

Hazmat hauler Grammer Logistics acquires niche 3PL

Grammer Logistics said Monday it has acquired Logistics Management Resources, a 3PL serving the chemicals and industrial gases industries.

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21 October
Todd Maiden

P.A.M. Transportation beats Q3 expectation

Truckload carrier P.A.M. Transportation Services reported better-than-expected third-quarter results on Thursday after the market closed.

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20 October
Todd Maiden

Landstar reports solid Q3, comps to freight boom ahead

Broker Landstar System reported another strong performance in the third quarter. However, the company now comps to the peak of the freight boom.

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19 October
Todd Maiden

Knight-Swift misses Q3 mark, dials back near-term outlook

Knight-Swift Transportation missed analysts’ forecasts for the third quarter and dialed down expectations over the near term.

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Todd Maiden

Logistics real estate market moderating but rents going higher

Logistics warehouse operator Prologis lowered expectations for 2022 but remains confident that any macro-induced decline in fundamentals won’t keep rents from growing again next year.

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Todd Maiden

Warehouse operator Prologis’ Q3 beat tempered by cautious outlook

Prologis posted record results during the third quarter but reeled in guidance given “an uncertain economic backdrop.”

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18 October
Todd Maiden

J.B. Hunt looks to balance costs with moderating demand

J.B. Hunt Transport Services beat third-quarter expectations Tuesday but said that cooling freight demand will place greater scrutiny on cost control moving forward.

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Todd Maiden

J.B. Hunt rides growth in intermodal, dedicated to Q3 beat

J.B. Hunt Transport Services beats third-quarter expectations on improved intermodal and dedicated results.

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17 October
Todd Maiden

XPO, RXO financial targets imply no letup through 2027

XPO Logistics issued long-term financial targets for its less-than-truckload segment and its brokerage unit, which will be spun off next month.

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14 October
Todd Maiden

Cass: September increase in shipments a head fake

Cass data was positive year over year in September but the report suggests the trend is set to reverse.

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13 October
Todd Maiden

La debilidad de septiembre lleva a los analistas a rebajar las estimaciones antes de los informes del tercer trimestre

La ralentización de las importaciones y el aumento de los inventarios pasan factura a las previsiones de BPA para 2023

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Todd Maiden

Transfix pulls IPO, new private funding round planned

Freight broker Transfix announced it has terminated plans to go public. Instead, it will seek private funding from current investors.

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Todd Maiden

September weakness pushes analysts to lower estimates ahead of Q3 reports

While earnings estimates remain largely intact for 2022, a September slowdown pushed analysts to take another look at 2023 forecasts.

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12 October
Todd Maiden

KAG Logistics expands 3PL platform through Connectrans deal

Kenan Advantage Group (KAG) subsidiary KAG Logistics (KAGL) announced Wednesday the acquisition of Canadian 3PL Connectrans Logistics. Financial terms of the transaction were not provided. Based in the Toronto area, […]

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Todd Maiden

Bison Transport acquires 2nd Maine-based carrier

Canadian carrier Bison Transport announced Wednesday it will be acquiring Pottle’s Transportation on Oct. 31. Financial terms of the transaction were not provided. Hermon, Maine-based Pottle’s operates a truckload fleet […]

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Todd Maiden

LTL survey ranks Peninsula No. 1 overall, Old Dominion top national carrier

A highly regarded survey of less-than-truckload shippers showed Peninsula Truck Lines was the top overall provider based on value and loyalty.

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11 October
Todd Maiden

Bay and Bay sells tank trucking unit to Foodliner parent

Bay and Bay sells its tank transportation business to the largest food-grade hauler in the U.S.

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Todd Maiden

TA Services adds West Coast brokerage in latest deal

TA Services announced that it has acquired California-based broker KPI Logistics.

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10 October
Todd Maiden

XPO board approves RXO spinoff, eyes Nov. 1 distribution

XPO Logistics announced the spinoff of its brokerage unit has been blessed by its board with share distribution scheduled for Nov 1.

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Todd Maiden

NFI grows presence in Southeast with latest deal

NFI Industries acquires container drayage and warehousing provider MCO Transport.

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Todd Maiden

What are the complexities in LTL linehaul transportation?

AskWaves looks at some of the challenges in the long-haul segment of an LTL network.

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05 October
Todd Maiden

Radiant Logistics acquires partner Cascade Enterprises of Minnesota

Radiant Logistics announced Wednesday it has acquired a strategic operating partner in Minnesota.

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Todd Maiden

Radiant Logistics says late filing tied to restatement of financials

Radiant Logistics will restate financial results for 2021 and the first three quarters of 2022, according to a filing with the Securities and Exchange Commission.

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04 October
Todd Maiden

El mercado del transporte se suaviza a medida que avanza septiembre 

La preocupación por la temporada alta aumenta a medida que las condiciones se deterioran a lo largo del mes

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Todd Maiden

Transportation market loosened as September progressed

Transportation capacity increased for a sixth consecutive month in September with prices falling for a third straight time, according to data released Tuesday. The Logistics Managers’ Index (LMI), which is […]

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03 October
Todd Maiden

J.B. Hunt adds transloading services in Seattle and Laredo

J.B. Hunt Transport Services said Monday it has expanded its transloading capabilities to include Seattle and Laredo, Texas.

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Todd Maiden

Werner acquires Baylor Trucking in latest deal

Werner Enterprises announced its third acquisition since last summer on Monday, adding Baylor Trucking to its one-way operation at an undisclosed price.

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Sep - 2022 -
30 September
Todd Maiden

Daseke announces share buyback following activist’s encouragement

Flatbed carrier Daseke said Friday it would repurchase $40 million in stock, following an April request from an activist investor to do so.

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28 September
Todd Maiden

Prologis’ $26B acquisition of Duke Realty approved by shareholders

Logistics real estate operator Prologis said Wednesday that its planned acquisition of Duke Realty has received shareholder approval.

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Todd Maiden

Patriot Rail adds track along Mississippi River in latest deal

Patriot Rail Company announced it is acquiring fellow short-line operator Delta Southern Railroad.

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27 September
Todd Maiden

XPO announces board for brokerage spinoff RXO

XPO Logistics announces board members for RXO, its brokerage unit that will be spun off in the fourth quarter.

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26 September
Todd Maiden

Higher interest rates place spotlight on supply chain finance

Supply chain disruptions and higher inventory costs have industry participants looking to stretch working capital more frequently.

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23 September
Todd Maiden

Daseke announces new CFO, reiterates guidance

Daseke announced Friday a transition at the CFO position and that it expects to achieve its previously announced 2022 financial targets.

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15 September
Todd Maiden

Idaho-based carrier sells to Austrian forwarder Berger Logistik

Western U.S. truckload carrier Super T Transport announced it has been sold to Austrian transportation and logistics provider Berger Logistik.

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Todd Maiden

Done deal: USA Truck now part of DB Schenker

USA Truck said Thursday it has been sold to German 3PL DB Schenker.

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14 September
Todd Maiden

Cass: August freight volumes at 4-year high; linehaul rates down 3rd straight month

Cass data shows freight volumes reached a more than four-year high in August. But linehaul rates slid for the third straight month.

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13 September
Todd Maiden

Yellow’s big tonnage declines part of network restructuring

Less-than-truckload carrier Yellow Corp. sees tonnage fall by mid-teen percentages in the first two months of the third quarter as it implements the first phase of its restructuring.

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12 September
Todd Maiden

Success of Forward Air’s freight upgrade extends beyond easy comps

Less-than-truckload provider Forward Air continues to register notable revenue growth more than one year into freight swap.

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09 September
Todd Maiden

Carriers weigh in on peak season and contract rates

Management teams from a couple of the nation’s largest fleets share their thoughts on peak season and rates during an investor conference.

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08 September
Todd Maiden

ArcBest update shows signs of moderation; Saia EPS estimates cut

More signs of slowing in the less-than-truckload industry appeared Thursday when ArcBest provided a third-quarter update.

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07 September
Todd Maiden

XPO names finance head for brokerage spinoff RXO

XPO Logistics announced that Jamie Harris will become the CFO of freight broker RXO following a planned separation in the fourth quarter.

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Todd Maiden

Upgraded testing may be key to advancing self-driving evolution

Raquel Urtasun, founder and CEO at Waabi, talks about changing the way the industry tests self-driving capabilities.

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Todd Maiden

LTL stocks sag on weaker-than-expected Q3 updates

Third-quarter updates from less-than-truckload carriers highlight a freight market that continues to slow.

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Todd Maiden

Transportation, logistics M&A not slowing down

As the freight cycle shifts to a lower gear, deal flow throughout the industry remains hot.

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06 September
Todd Maiden

Transportation market loosens again in August

Supply chain data released Tuesday showed further loosening in transportation capacity while warehousing metrics tightened further.

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01 September
Todd Maiden

Lineage Logistics grows distribution footprint in Europe

Lineage Logistics announced the expansion of its European transportation and distribution network through acquisition Thursday.

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Aug - 2022 -
31 August
Todd Maiden

Hazmat hauler Grammer Logistics taps industry veteran to be CEO

Grammer Logistics said Wednesday it has appointed industry veteran Scott Dobak to head the company.

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29 August
Todd Maiden

Intermodal logistics provider RoadOne acquires Wilmac Enterprises

RoadOne IntermodaLogistics announces its fourth acquisition in the past year.

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Todd Maiden

Reliance Partners announces recapitalization

Transportation insurance broker Reliance Partners announces a recapitalization with plans to reach $1 billion in written premiums in the next three years.

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27 August
Todd Maiden

Refinery shutdown pushes FMCSA to temporarily lift hours-of-service rules

The Federal Motor Carrier Safety Administration issues a temporary exemption to hours-of-service rules for the states affected by BP’s refinery shutdown.

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Todd Maiden

What are LTL managed transportation services?

AskWaves takes a look at managed transportation services in the less-than-truckload market.

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24 August
Todd Maiden

RoadOne’s latest acquisition expands network to include Oakland

RoadOne IntermodaLogistics announced the acquisition of Oakland, California-based R&A Trucking.

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Todd Maiden

Colonial Freight Systems to close after nearly 80 years

Colonial Freight Systems confirms it will shutdown operations at the end of the month.

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Todd Maiden

PS Logistics adds refrigerated assets in latest deal

PS Logistics has acquired transportation assets from Phoenix Leasing of Tennessee and its sister company Colonial Freight Systems.

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22 August
Todd Maiden

Heartland Express embarks on its biggest challenge yet

Truckload carrier Heartland Express will take on another difficult turnaround in CFI, which it acquired from TFI International for $525 million.

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Todd Maiden

Heartland Express adquiere los activos de CFI por 525 millones de dólares 

Se espera que el acuerdo cree la octava mayor flota de camiones de Estados Unidos

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Todd Maiden

Heartland Express acquires CFI assets for $525 million

Heartland Express announced Monday the acquisition of CFI’s non-dedicated dry van and temperature-controlled fleet in the U.S. and its logistics operation in Mexico.

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19 August
Todd Maiden

Red Arts Capital acquires Midwest warehousing, transloading provider

Middle-market private equity firm Red Arts Capital announces its latest investment in the supply chain.

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18 August
Todd Maiden

J.B. Hunt defiende el crecimiento intermodal 

La dirección reconoce en la conferencia de inversores que un mejor servicio ferroviario podría estar “a meses vista

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Todd Maiden

J.B. Hunt defends intermodal growth story

Management from J.B. Hunt Transport Services doubles down on long-term growth initiatives in its intermodal unit.

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17 August
Todd Maiden

Bridging the gap between consumer expectations and delivery costs

X Delivery’s Mark Lavelle chats customer expectations for e-commerce costs at FreightWaves’ Supply Chain Meets FinTech event on Wednesday.

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