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.
Aug - 2026 -
04 August
Todd Maiden

Prologis says $18.8B takeover of Segro moving forward

Prologis announced it is acquiring European warehouse operator Segro for $18.8 billion.

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Todd Maiden

Transportation capacity falls faster in July, rates remain high

The transportation market remained very tight in July, despite a modest slowdown from a seasonally stronger June.

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03 August
Todd Maiden

July’s 55.6% PMI highest in 4 years; LTL carriers getting bullish

July’s manufacturing data showed strength not seen in the past four years, a trend that bodes well for less-than-truckload carriers.

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Jul - 2026 -
31 July
Todd Maiden

Gains from equipment sales save Heartland’s Q2

Truckload carrier Heartland Express returned to profitability in the second quarter, driven by gains from equipment sales.

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Todd Maiden

Schneider National pushes price amid market imbalance

Truckload carrier Schneider National raised its full-year earnings outlook by 18% after easily beating second-quarter expectations.

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30 July
Todd Maiden

Saia’s Q3 margin guidance disappoints investors

Shares of less-than-truckload carrier Saia fell on Thursday as a weaker-than-expected third-quarter margin outlook overshadowed a second-quarter report that surpassed expectations.

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Todd Maiden

XPO’s Q2 earnings beat expectations behind strong LTL performance

Less-than-truckload carrier XPO is seeing the fruits from several initiatives focused on improving freight selection, raising yields and streamlining workflows.

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29 July
Todd Maiden

ArcBest’s Q2 a step on path to recovery

ArcBest’s second quarter highlighted improvements in operations across its business units.

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28 July
Todd Maiden

Landstar expects to emerge a winner in post-Montgomery world

Landstar System said the truck brokerage market has begun to reshape in the wake of the Supreme Court’s broker liability ruling.

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Todd Maiden

3PLs, other tenants signing longer leases for larger warehouses

Tenants are signing longer leases for larger industrial properties, a sign of “increased confidence,” according to CBRE Group.

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24 July
Todd Maiden

Marten Transport’s Q2: Reefer market on the rise

Refrigerated carrier Marten Transport said a significantly tighter capacity environment is allowing it to improve freight selection and push rates higher.

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22 July
Todd Maiden

Regulatory cleanup fuels Knight-Swift’s bullish outlook

Knight-Swift Transportation said the rapid improvements in truckload fundamentals that occurred in the second quarter will likely accelerate starting in September and continue throughout peak season.

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Todd Maiden

Knight-Swift sees ‘rapid progression’ in TL fundamentals during Q2

Knight-Swift Transportation noted considerable acceleration in truckload fundamentals during the second quarter.

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Todd Maiden

Segro’s board will back Prologis’ $18.7B takeover bid

Segro’s board has agreed to back the acquisition after Prologis made a final increase to its takeover bid.

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21 July
Todd Maiden

J.B. Hunt works with Overroute to launch freight execution platform

Following a co-design with J.B. Hunt Transport Services, Overroute publicly debuted its AI-native freight execution platform for enterprise carriers on Tuesday.

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Todd Maiden

Forward Air secures deal to keep at least 50% of $250M account

Forward Air announced Tuesday that it will keep at least half of an account representing 10% of its annual revenue.

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20 July
Todd Maiden

Segro rebuffs enhanced $18.2B Prologis takeover bid

Logistics real estate operator Prologis said Monday that its enhanced third pass at London-based peer Segro was rejected.

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17 July
Todd Maiden

Cass: TL linehaul rates advance in June, volume inflection delayed

Freight shipments softened in June but truckload rates continued to step higher year over year, according to a monthly report from Cass Information Systems.

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16 July
Todd Maiden

ArcBest announces layoffs, closing 10 LTL terminals

Transportation and logistics provider ArcBest announced it is cutting 2% of its workforce and closing 10 less-than-truckload terminals.

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Todd Maiden

Prologis sees demand bump for logistics warehouses

Logistics warehouse operator Prologis said leasing activity was at an all-time high during the second quarter.

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Todd Maiden

Prologis ups earnings outlook amid record lease signings

Logistics warehouse operator Prologis reported record leasing activity in the second quarter.

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Todd Maiden

J.B. Hunt sees ‘massive opportunities’ amid intermodal shift

As shippers migrate toward high-quality transportation providers, J.B. Hunt Transport Services comfortably surpassed expectations for the second quarter.

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15 July
Todd Maiden

J.B. Hunt’s shares up 9% on Q2 earnings beat

J.B. Hunt Transport Services blew past analysts’ second-quarter forecasts on Wednesday, sending shares up 9% in after-hours trading.

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14 July
Todd Maiden

TL, LTL rates to hit new highs in Q3

Trucking rate indexes jumped during the second quarter and are expected to reach new highs in the third quarter.

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13 July
Todd Maiden

Knight-Swift opens 4 LTL terminals

Knight-Swift Transportation’s less-than-truckload unit, AAA Cooper, has opened four new locations in recent weeks.

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10 July
Todd Maiden

Analysts raise TL, LTL estimates ahead of Q2 earnings season

Trucking analysts are raising estimates ahead of the second-quarter earnings season, which begins next week.

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09 July
07 July
Todd Maiden

Private equity firm acquires K&L Freight Management

Argosy Private Equity announced that it acquired a controlling interest in third-party logistics provider K&L Freight Management.

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Todd Maiden

LTL carrier Mountain Valley Express shuts down

Less-than-truckload carrier Mountain Valley Express confirmed that is has ceased operations.

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06 July
Todd Maiden

Descartes adds last-mile tech in latest deal

Descartes announced Monday that it has acquired Santiago, Chile-based last-mile solutions provider Drivin for $30 million.

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02 July
Todd Maiden

Tenney Group: Transportation M&A to see ‘record-breaking’ 2027

Advisory firm Tenney Group said transportation M&A activity is heating up and that next year could set a record for deal flow.

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01 July
Todd Maiden

June manufacturing data supportive of LTL demand

Manufacturing activity grew for a sixth straight month in June, providing another tailwind to an already supply-constrained trucking market.

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Jun - 2026 -
30 June
Todd Maiden

Prologis presses Segro after $16.6B offer rejected

Prologis stepped up its efforts to buy fellow logistics warehouse operator Segro on Tuesday.

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29 June
Todd Maiden

Yellow Corp. escapes WARN Act payouts

A U.S. District Court ruled Monday that Yellow Corp. is not required to compensate Teamster employees for delayed layoff notices during its 2023 shutdown.

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Todd Maiden

Schneider announces additional leadership changes

Schneider National announced additional leadership changes and promotions on Monday as part of a previously announced succession plan.

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18 June
Todd Maiden

RBW Logistics acquires warehousing unit from World Group

RBW Logistics has acquired World Group’s warehousing business for an undisclosed amount.

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17 June
Todd Maiden

Transportation deal values up as buyers seek specialization, scarcity

The average transportation and logistics deal size is growing as buyers seek hard-to-replicate technology solutions.

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16 June
Todd Maiden

Truckload market’s upswing ushers in driver pay hikes

Some fleets are implementing pay raises for drivers early in the truckload market’s recovery.

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15 June
Todd Maiden

Cass sees freight volume recovery in second half of year

Cass data released Monday pointed to the likelihood of a second-half volume recovery as truckload linehaul rates surged again in May.

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Todd Maiden

Routing guides are crumbling: ‘It is different this time’

Some shippers are being forced to reprice their entire book as contractual truckload rates set just a couple of months ago are no longer being honored.

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11 June
Todd Maiden

Truckload carriers eyeing multiyear rate upcycle

Truckload carriers appearing at an investor conference this week laid out the thesis for a sustained period of rate recovery.

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10 June
Todd Maiden

Analysts say Amazon won’t shake LTL market—yet

Amazon’s less-than-truckload business is unlikely to resemble that of the century-old legacy carriers.

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08 June
Todd Maiden

Samsara wins trade secret dispute with former employee

Samsara has settled a trade secret dispute with a former employee who left to join competitor Motive.

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Todd Maiden

AI-powered broker Fura announces latest acquisition

Freight broker Fura announced that it has added another 3PL on its journey to roll up the space through automation.

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Todd Maiden

LTL general rate increases no longer an annual event

ArcBest announced Monday a 5.9% general rate increase for less-than-truckload services, which is about six weeks ahead of the timing of its 2025 rate bump.

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Todd Maiden

Samsara raises guidance amid data center boom

Samsara raised its full-year outlook as it inks new contracts with customers active in the buildout of data centers and public infrastructure.

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05 June
Todd Maiden

ArcBest raises Q2 outlook for LTL, asset-light units

ArcBest raised operating income expectations for both of its business units.

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04 June
Todd Maiden

Knight-Swift founder, executive chairman Kevin Knight retires

Knight-Swift Transportation announced the retirement of co-founder and executive chairman Kevin Knight.

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03 June
Todd Maiden

Descartes reports record revenue amid ‘challenging’ trade landscape

Descartes reported better-than-expected results in its latest quarter as customers use its tools to navigate a changing trade landscape.

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Todd Maiden

XPO’s Q2 tonnage trending ahead of guidance

Less-than-truckload carrier XPO seems set to exceed its second-quarter tonnage projection based on the company’s May update.

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Todd Maiden

Apollo affiliate raises $1.4B for logistics real estate fund

Bridge Investment Group announced it raised nearly $1.4 billion for a fund that will acquire logistics properties.

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Todd Maiden

Old Dominion’s May update shows an improving LTL market

Old Dominion Freight Line’s May operating results saw a meaningful improvement from April, as less-than-truckload demand appears to be firming.

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02 June
Todd Maiden

PE firm Open Road Ventures acquires intermodal 3PL Double-Stack

Open Road Ventures announced it has acquired intermodal freight broker Double-Stack Logistics.

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Todd Maiden

Saia’s tonnage growth accelerates in May on easier comp

Saia is poised for significant tonnage increases as its prior-year comparisons ease and demand appears to be firming.

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Todd Maiden

Transportation pricing index logs record growth rate in May

Transportation prices surged throughout May, according to a monthly poll of supply chain executives, as available capacity remained on the decline.

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01 June
Todd Maiden

FedEx Freight embarks on journey as standalone LTL carrier

The nation’s largest less-than-truckload carrier, FedEx Freight, began trading as a standalone company on Monday.

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May - 2026 -
28 May
Todd Maiden

Hub Group CFO, COO depart following accounting error

Hub Group announced that its chief financial officer and chief operating officer have departed as it works to restate financial results following an accounting error.

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Todd Maiden

Americold adds to belt-tightening initiatives

Temperature-controlled warehouse operator Americold announced a new expense-reduction initiative.

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Todd Maiden

Could Yellow Corp. workers finally get paid?

After nearly three years of waiting, former Yellow Corp. employees could finally receive payment for unused vacation and accrued sick leave.

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27 May
Todd Maiden

ArcBest launches shipment execution platform

ArcBest announced the launch of ArcBest View, a digital platform allowing logistics customers to manage all shipments and shipment functions through a single interface.

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26 May
Todd Maiden

Prologis anchors $200M maritime innovation fund

Prologis Ventures will co-anchor a $200 million venture fund dedicated to maritime and logistics innovation investments.

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22 May
Todd Maiden

Saia opens terminals in Pacific Northwest, Midwest

Less-than-truckload carrier Saia adds to its national footprint, opening new service centers in Washington and Indiana.

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21 May
Todd Maiden

Broker liability ruling: Carriers, brokers, analysts weigh in

Industry participants say asset-based carriers are likely the winners following the Supreme Court’s landmark ruling on freight broker liability.

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20 May
Todd Maiden

RXO sees TL spot market surge further in Q2

Freight broker RXO is seeing better-than-expected spot market trends in the second quarter.

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19 May
Todd Maiden

Bankruptcy court approves STG Logistics reorganization plan

A federal bankruptcy court in New Jersey has approved STG Logistics’ reorganization plan.

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14 May
Todd Maiden

TL linehaul rates surge in April, Cass says

Supply constraints are pushing truckload rates to cycle highs, according to data from Cass Information Systems.

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Todd Maiden

J.B. Hunt sees TL rates climbing 20% over next 2 years

Executives at J.B. Hunt Transport Services said at an investor conference this week that truckload rates are likely to increase 20% over the next two years as carriers restore margins.

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13 May
Todd Maiden

FedEx board approves spinoff of LTL unit

The board at FedEx has formally greenlit the spinoff of its freight division.

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12 May
Todd Maiden

Hub Group’s accounting error causes further reporting delays

Hub Group said Tuesday that the scope of a previously identified accounting error has necessitated the restatement of financial results for additional periods.

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11 May
Todd Maiden

Radiant Logistics beats FQ3 expectations

Third-party logistics provider Radiant Logistics beat quarterly expectations on Monday.

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08 May
Todd Maiden

Forward Air flags customer loss, stock plummets

Forward Air’s stock was off more than 40% on Friday after it said it may lose a large customer and that a take-private bid for its entire enterprise had failed to materialize.

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07 May
Todd Maiden

Shippeo acquires AI-powered workflow platform

Shippeo announced that it has acquired German supply chain automation company Logward for an undisclosed sum.

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06 May
Todd Maiden

Lineage says cold storage market working through oversupply

Temperature-controlled facility operator Lineage said the market is stabilizing as customer food inventories return to normal levels.

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05 May
Todd Maiden

Freight capacity plummets, prices skyrocket in April

Extreme supply and pricing dynamics persisted across the freight market in April, according to a monthly survey of supply chain managers.

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04 May
Todd Maiden

Losses continue at TL carrier Pamt Corp.

Pamt Corp.’s first-quarter real estate gain helped offset a loss in its core truckload operation.

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01 May
Todd Maiden

Schneider targeting significant rate recovery in bid season

Schneider National said price renewals are currently at the highest levels since 2021 and that it expects to capture mid- to high-single-digit increases on one-way contracts this year.

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Apr - 2026 -
30 April
Todd Maiden

First look: Schneider National Q1 results

Schneider National beat first-quarter expectations and reiterated its full-year earnings outlook.

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Todd Maiden

XPO could soon see sub-80% ORs

Self-help initiatives at XPO are being met with better demand, pushing the less-than-truckload carrier’s financial results meaningfully higher.

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Todd Maiden

Saia eyes margin turnaround amid improving demand

Less-than-truckload carrier Saia’s margins appear to be turning the corner following a multiyear expansion.

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Todd Maiden

First look: XPO cruises past Q1 expectations

XPO saw improving trends in its less-than-truckload unit during the first quarter, with margin improvement outpacing normal seasonal patterns.

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29 April
Todd Maiden

Old Dominion eyeing y/y margin improvement in Q2

Old Dominion Freight Line said the less-than-truckload demand picture is improving.

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Todd Maiden

First look: Old Dominion posts Q1 beat

Old Dominion Freight Line exceeded first-quarter estimates, noting freight demand improved as the quarter progressed.

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28 April
Todd Maiden

Landstar says April yields ‘significantly’ outpacing seasonality

Broker Landstar System said Tuesday that the truckload market is in the early stages of an upcycle, noting revenue per load is trending well ahead of normal seasonal patterns.

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Todd Maiden

ArcBest seeing positive trends amid market inflection

ArcBest is seeing some positive signs as carriers gain the upper hand in negotiations.

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Todd Maiden

First look: ArcBest Q1 results

ArcBest beat first-quarter expectations Tuesday before the market opened.

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27 April
Todd Maiden

STG Logistics nears bankruptcy exit

Intermodal marketing company STG Logistics said Monday it plans to soon exit bankruptcy.

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24 April
Todd Maiden

Descartes acquires fleet safety platform Idelic for $28M

Descartes Systems Group acquired driver performance management platform Idelic for $28 million.

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23 April
Todd Maiden

Losses narrow at Heartland Express as market shifts

Truckload carrier Heartland Express sees improving market fundamentals as a financial tailwind in the back half of this year.

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Todd Maiden

Knight-Swift says shippers already seeking peak-season capacity

Knight-Swift Transportation said the truckload market has fundamentally shifted with little help from demand.

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22 April
Todd Maiden

Werner doubling intermodal fleet in Mexico

Werner Enterprises announced it is deploying more intermodal assets into Mexico.

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Todd Maiden

DQS nets contract logistics provider in latest acquisition

DQS Solutions & Staffing announced it has acquired Comprehensive Logistics, Inc., further expanding its transportation and logistics platform.

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21 April
Todd Maiden

Fastfrate acquires international freight forwarder

Fastfrate Group announced it has completed its acquisition of international freight forwarder Omnitrans, Inc.

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17 April
Todd Maiden

Prologis ups 2026 outlook as warehouse demand strengthens

Warehouse operator Prologis said customer leasing intentions are undeterred as energy prices rise and interest rates remain elevated.

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16 April
Todd Maiden

Knight-Swift cuts Q1 guide; remains upbeat on TL fundamentals

Knight-Swift Transportation lowered its first-quarter outlook, citing headwinds from several nonrecurring items during the period.

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Todd Maiden

J.B. Hunt says TL inflection ‘structural,’ not temporary

Management at J.B. Hunt Transport Services pointed to mounting evidence that recent tightening across the truckload market will not be a temporary blip.

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Todd Maiden

Prologis reports record logistics lease signings in Q1

Warehouse operator Prologis reported record lease signings in its logistics business during the first quarter.

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15 April
Todd Maiden

First look: J.B. Hunt Q1 earnings

J.B. Hunt Transport Services beat first-quarter expectations, reporting record volumes in its intermodal segment.

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