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.
Apr - 2026 -
15 April
Todd Maiden

TFI subsidiary TA Dedicated acquires Triangle Warehouse

TA Dedicated announced that it has acquired warehousing and distribution provider Triangle Warehouse.

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14 April
Todd Maiden

Yield discipline, fuel price surge driving LTL rates to new highs in Q2

Elevated diesel prices and ongoing yield improvement efforts by less-than-truckload carriers are expected to push rates to new highs in the second quarter.

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Todd Maiden

Cass data shows freight market tightened further in March

Monthly data from Cass Information Systems showed a volume recovery could be in store for an already supply-constrained freight market.

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13 April
Todd Maiden

PE firm acquires Carrier Logistics, pledges AI overhaul

Private equity firm STG announced it has acquired less-than-truckload TMS provider Carrier Logistics Inc.

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09 April
Todd Maiden

Prologis expands global footprint with European joint venture

Logistics warehouse operator Prologis announces its second major joint venture this year.

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08 April
Todd Maiden

FedEx Freight sets goalposts for standalone business

FedEx Freight outlined financial targets and operational initiatives ahead of a June separation from parent FedEx Corp.

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07 April
Todd Maiden

Freight market sees Covid-era extremes return

The freight market saw capacity and pricing extremes in March unparalleled since the pandemic, according to a monthly query of supply chain executives.

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06 April
Todd Maiden

Truckload carrier earnings: Will Q1 mark the end of struggles?

Fuel price hikes and poor weather overhung the first quarter, but supply-side tailwinds along with improving demand could spell the end of earnings degradation for truckload carriers.

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Mar - 2026 -
26 March
Todd Maiden

Cold storage trough in sight as vacancies hit 20-year high

The cold storage market is looking to shake off excess capacity and declining food inventory trends.

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25 March
Todd Maiden

Echo Global Logistics expands platform with ITS acquisition

Echo Global Logistics announced it has completed its acquisition of ITS Logistics, creating a $5.2 billion, full-service supply chain services platform.

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24 March
Todd Maiden

Hub Group gets Nasdaq notice for financial filing delay

Hub Group said it received a deficiency notice from Nasdaq for failing to timely submit 2025 financial results after discovering an accounting error.

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19 March
Todd Maiden

FedEx Freight’s outlook lowered again

FedEx Freight was again a drag on FedEx Corp.’s consolidated results, which came in ahead of expectations.

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Todd Maiden

Prologis forms $1.6B JV to develop logistics facilities

Logistics REIT Prologis announced Thursday a new $1.6 billion joint venture to develop build-to-suit facilities in the U.S.

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18 March
Todd Maiden

Andy Corp. acquires truck fleet, warehouses in pair of deals

Canadian transportation and logistics provider Andy Corp. announced two acquisitions on Wednesday.

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Todd Maiden

J.B. Hunt says fuel spike not yet driving intermodal conversion

Management from J.B. Hunt Transport Services said shipper attitudes are little changed as truck capacity leaves the market and fuel prices surge.

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16 March
Todd Maiden

Knight-Swift sells FleetAero assets to Transtex

Knight-Swift Transportation has sold its FleetAero assets to Transtex.

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Todd Maiden

Truckload linehaul rate index nears 3-year high in February

Monthly data from Cass Information Systems showed truckload rates continued to climb in February, even as freight volumes remained pressured.

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11 March
Todd Maiden

Descartes reports record quarter; announces acquisition

Supply chain SaaS provider Descartes reported another record financial performance as tariff uncertainty pushes the top line higher.

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Todd Maiden

Full enterprise sale of Forward Air ‘unlikely,’ report says

Shares of Forward Air moved sharply lower on Wednesday after a stock market news site reported a full-company sale is “unlikely.”

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10 March
Todd Maiden

Latest deal bolsters Redwood’s managed transportation offering

Redwood Logistics has acquired Stridas, a managed transportation provider, marking its second acquisition in a week.

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Todd Maiden

Freight broker Fura announces 5th acquisition

Third-party logistics provider Fura announced it has acquired fellow Texas-based broker Barton Logistics.

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09 March
Todd Maiden

ArcBest awaiting LTL demand inflection

ArcBest’s February update displayed stable results for its less-than-truckload segment, while its outlook for asset-light operations improved.

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04 March
Todd Maiden

Old Dominion ‘encouraged’ as declines moderate in February

An update from Old Dominion Freight Line showed volume and revenue declines slowed in February.

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03 March
Todd Maiden

Saia’s tonnage declines moderate in February

Less-than-truckload carrier Saia’s tonnage declines moderated in February, with volumes remaining higher on a two-year-stacked comparison.

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Todd Maiden

LMI: Freight market recovery in ‘full-swing’

February’s Logistics Managers’ Index showed a freight market recovery that is in “full-swing.”

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Todd Maiden

Thoma Bravo to acquire WWEX Group, combine with Auctane

Private equity firm Thoma Bravo agreed to acquire 3PL WWEX Group and merge it with Auctane, a shipping software provider already in its portfolio.

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02 March
Feb - 2026 -
26 February
Todd Maiden

RXO launches Middle Mile Solutions

RXO has launched Middle Mile Solutions, a single-source service connecting the first, middle and last miles of the supply chain.

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Todd Maiden

Cass, Caspian partner to tackle tariff costs

Cass Information Systems entered into a partnership with Caspian to help U.S. importers better navigate trade compliance and customs refunding.

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25 February
Todd Maiden

Ace Doran acquires Indiana heavy-haul carrier

Truckload carrier Ace Doran announced it has acquired NHH Services’ Equipment for an undisclosed sum.

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Todd Maiden

Cold storage market working off oversupply

Cold storage facility operator Lineage sees 2026 as a transition year now that new builds are slowing and inventory drawdowns have passed.

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24 February
Todd Maiden

RXO: TL market seeing ‘biggest structural change’ since deregulation

Freight broker RXO said the truckload market is seeing “the biggest structural change” since deregulation in 1980.

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23 February
Todd Maiden

Forward Air says strategic review nearing conclusion

Forward Air said it is “nearing the conclusion” of a strategic review, which investors called for following the company’s controversial merger with Omni Logistics.

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Todd Maiden

2026: The year TL carriers turn the tide?

Capacity attrition and retooled carrier networks could present a challenging bid season for shippers.

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20 February
Todd Maiden

Averitt announces expansion plans to terminal network

Less-than-truckload carrier Averitt announces expansion plans to its terminal network.

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18 February
Todd Maiden

J.B. Hunt ‘a little bit more positive’

J.B. Hunt Transport Services said on Tuesday that demand has been slightly ahead of expectations to start the year.

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17 February
Todd Maiden

TL rates up again without help from volume

The Cass Freight Index showed truckload rates advanced again in January even as volumes fell.

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16 February
Todd Maiden

Estes Logistics expands with Key Trucking acquisition

Estes Logistics has acquired Pacific Northwest operator Key Trucking for an undisclosed sum.

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13 February
Todd Maiden

TL carrier Pamt posts Q4 loss

Truckload carrier Pamt Corp. booked a fifth consecutive net loss on Friday.

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Todd Maiden

TL stocks take wild ride into, out of Q4 earnings season

Truckload stocks have been on a wild ride after signs of an improving spot market were amplified by positive manufacturing data, and then slightly doused by the threat of AI upheaval.

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10 February
Todd Maiden

Saia awaits payoff on $2B investment

Less-than-truckload carrier Saia missed fourth-quarter expectations on Tuesday but said the recent period could mark the trough for margins.

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Todd Maiden

First look: Saia’s Q4 earnings

Less-than-truckload carrier Saia missed fourth-quarter expectations ahead of the market open on Tuesday.

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09 February
Todd Maiden

Radiant Logistics beats FQ2 expectations

Radiant Logistics beat fiscal second quarter expectations as customers are “growing increasingly bullish.”

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06 February
Todd Maiden

Shares of Hub Group tank on accounting error

An accounting error at Hub Group has placed its financial statements for the first three quarters of 2025 under review.

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Todd Maiden

Werner Enterprises restructuring one-way fleet

Werner Enterprises is taking steps to restore its one-way unit to profitability by reducing the fleet size and eliminating unprofitable freight.

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05 February
Todd Maiden

First look: Werner’s Q4 misses mark

Werner Enterprises has begun restructuring its one-way fleet, a move announced alongside the reporting of its fourth-quarter results, which fell short of expectations.

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Todd Maiden

XPO’s January tonnage bucks negative trend

XPO’s less-than-truckload tonnage was flat in January, breaking an 18-month stretch of declines.

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04 February
Todd Maiden

Allstates WorldCargo acquires customs broker Promptus

Allstates WorldCargo adds customs brokerage capabilities by acquiring Promptus.

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Todd Maiden

Old Dominion hoping stars align in 2026

Less-than-truckload carrier Old Dominion voiced optimism about a potential demand inflection but cautioned that this cycle has been full of false starts.

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Todd Maiden

First look: Old Dominion posts Q4 beat

Old Dominion Freight Line beat fourth-quarter expectations as cost management and yield hikes helped offset volume declines.

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03 February
Todd Maiden

Transportation metrics show further tightening in January

The freight market tightened again in January, with transportation prices seeing the fastest growth rate since April 2022.

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Jan - 2026 -
30 January
Todd Maiden

ArcBest, LTLs still waiting on recovery

ArcBest is cutting costs and improving processes as the market looks to shake off a prolonged downturn.

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Todd Maiden

First look: ArcBest’s Q4 misses mark

Transportation and logistics provider ArcBest missed fourth-quarter consensus expectations.

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29 January
Todd Maiden

Schneider National’s shares sink on weak Q4, 2026 outlook

Schneider National’s stock was down 16% in after-hours trading on Thursday following a worse-than-expected earnings report.

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Todd Maiden

Prologis forecasts ‘moderate global rent growth’ in 2026

Logistics real estate operator Prologis said “a new cycle is kicking off” in 2026.

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28 January
Todd Maiden

Accident claims weigh on Landstar’s Q4

Broker Landstar System’s fourth quarter was negatively impacted by one prior and two recent tragic accidents.

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Todd Maiden

Werner acquires dedicated carrier FirstFleet for $245M

Werner Enterprises announced it has acquired FirstFleet, making it the fifth-largest dedicated truckload provider in the U.S.

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26 January
Todd Maiden

3PLs dominate industrial leasing as supply chains get outsourced

Third-party logistics providers accounted for a larger share of the top 100 industrial leases in 2025, according to CBRE Group.

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Todd Maiden

Tenney Group expects ‘dramatic increase’ in transportation M&A

M&A advisory firm Tenney Group is calling for a spike in transportation and logistics deal activity in the fourth quarter.

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22 January
Todd Maiden

Texas court rules Landstar to pay 100% of $23M accident verdict

Freight broker Landstar System will record several accident-related charges in the fourth quarter.

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Todd Maiden

Knight-Swift eyeing margin improvement in 2026

Knight-Swift Transportation outlines a path to margin recovery in 2026 following a fourth quarter that was worse than expected.

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21 January
Todd Maiden

Prologis sees U.S. warehouse market tightening through 2026

Warehouse operator Prologis said vacancies have already peaked and it now anticipates rents will improve throughout 2026.

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Todd Maiden

Prologis sees record lease signings in 2025

Logistics real estate investment trust Prologis reported fourth-quarter results that were in line with analysts’ expectations.

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16 January
Todd Maiden

Cass TL Linehaul Index climbs amid shipment decline

December data from Cass Information Systems showed truckload rates continued to step higher as shipments moved lower.

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Todd Maiden

Cost management drives Q4 beat at J.B. Hunt

J.B. Hunt Transport Services beat fourth-quarter expectations as cost reductions more than offset a revenue decline.

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15 January
Todd Maiden

First look: J.B. Hunt’s Q4 beats consensus

J.B. Hunt Transport Services beat fourth-quarter earnings expectations Thursday after the market closed.

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Todd Maiden

Saia reboots LinkEx as Saia Logistics

Less-than-truckload carrier Saia said it is renaming its LinkEx logistics business to Saia Logistics.

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14 January
Todd Maiden

LTL pricing index hits new high in Q4

Less-than-truckload rates hit a new high in the fourth quarter while the truckload market displayed “tentative signs of recovery.”

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13 January
Todd Maiden

Koch bolsters retail fulfillment network in SOS deal

Koch Companies announced it has acquired Store Opening Solutions, a provider of retail inventory consolidation services.

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12 January
Todd Maiden

STG Logistics files Chapter 11, charts path forward

Intermodal marketing company STG Logistics announced Monday it has entered into a Chapter 11 restructuring plan.

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Todd Maiden

Activist investor Ancora carves out niche in transportation sector

Activist investment firm Ancora Alternatives has led five separate change campaigns in the transportation industry and sees further opportunity to shake up the space.

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09 January
Todd Maiden

Former, current USA Truck execs acquire TL carrier from DSV

Arkansas-based truckload carrier, USA Truck, has been acquired by a group of current and former leaders.

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Todd Maiden

Susquehanna says TL recovery requires kick start from demand

Susquehanna said truckload’s supply side has the market set up for a recovery but demand will have to kick in at some point to prolong an upcycle.

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08 January
Todd Maiden

Estes to surpass 14,000 doors in 2026

Less-than-truckload carrier Estes Express Lines provided an update on recent capital investments on Thursday.

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06 January
Todd Maiden

eShipping lands new private equity owner

Private equity firm Greenbriar Equity Group announced it has acquired managed transportation and supply chain services provider eShipping.

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Todd Maiden

Transportation capacity index hits 4-year low in December

Transportation capacity was tight in December as companies sold through their inventory positions, a monthly supply chain report said on Tuesday.

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05 January
Todd Maiden

MGN Logistics adds expedited assets in latest deal

MGN Logistics announced that it has acquired expedited carrier Fast Service for an undisclosed sum.

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Dec - 2025 -
31 December
Todd Maiden

Large carrier M&A proves elusive in 2025

Large carriers didn’t have the appetite for big M&A in 2025, instead focusing on cost cutting and doing more with less.

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29 December
Todd Maiden

Midwest LTL carrier shutting down after 91 years

Struggling Midwest regional less-than-truckload carrier Standard Forwarding Freight is shutting down operations while it evaluates its options.

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23 December
Todd Maiden

Activist investor pushes Americold to revamp strategy

Temperature-controlled REIT Americold announced the appointment of two board members as part of a cooperation agreement with activist investor Ancora.

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18 December
Todd Maiden

FedEx Freight outlook lowered for fiscal 2026

Weak shipment counts have pushed profit expectations lower at FedEx Freight.

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17 December
Todd Maiden

Sacramento facility headlines latest Yellow Corp. terminal sales

A federal bankruptcy court in Delaware has approved the sale of three Yellow Corp. terminals for $4 million.

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16 December
Todd Maiden

Cass TL Linehaul Index extends positive run

Cass’ Truckload Linehaul Index has been up on a year-over-year comparison in every month of 2025.

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15 December
Todd Maiden

3PL Wagner Logistics acquires contract logistics business

Wagner Logistics announced that it has acquired Dawson Logistics’ contract logistics unit.

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12 December
Todd Maiden

Ryder CEO Robert Sanchez to retire, COO John Diez named successor

Ryder System has named John Diez, its current chief operating officer, as the next CEO to succeed Robert Sanchez upon his retirement in March.

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10 December
Todd Maiden

Flatbed carrier PGT expands West through acquisition

PGT Trucking announced it has acquired fellow flatbed carrier Debrick Truck Line.

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Todd Maiden

Heartland Express shakes up operations with CFI rebrand

Heartland Express announced it will integrate and rebrand Contract Freighters, Inc. in an effort to stem a prolonged stretch of financial losses.

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Todd Maiden

Enterprise enters heavy-truck market with Hogan acquisition

Enterprise Mobility has entered the heavy-truck transportation market with the acquisition of lessor and dedicated provider Hogan.

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09 December
Todd Maiden

Car hauler RPM acquires fleet services provider PARS

Third-party logistics provider RPM Freight Systems announced it has acquired fellow car haul services provider Professional Automotive Relocation Services.

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Todd Maiden

Lineage eyes $110M lift from warehouse tech rollout

Temperature-controlled REIT Lineage projects the rollout of LinOS across approximately half of its warehouses will deliver $110 million in incremental EBITDA.

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08 December
Todd Maiden

Morgan Stanley sees supply-side ‘spark’ for trucking in 2026

The next upturn in the trucking industry could be driven by the supply side, a pattern observed in the past three upcycles, according to a report released Monday by Morgan Stanley.

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04 December
Todd Maiden

J.B. Hunt controlling the controllable into 2026

J.B. Hunt Transport Services declined to take a stab at what next year holds at an investor conference this week, but did emphasize that it’s “set up to win” regardless of what the new year brings.

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03 December
Todd Maiden

Descartes reports record results in FQ3

Supply chain tech provider Descartes announced record quarterly results after the market closed on Wednesday.

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Todd Maiden

Old Dominion again sees yields improve as volumes sag

Old Dominion Freight Line’s November update showed modest improvement from October.

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02 December
Todd Maiden

Saia’s shares up after tonnage turns positive in November

Less-than-truckload carrier Saia reports tonnage improvement in November.

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Todd Maiden

Retailers report transportation pricing surge in November

Transportation capacity remained level in November while prices jumped, according to a monthly survey of supply chain managers.

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01 December
Todd Maiden

ArcBest stems revenue declines in November, margin hurdles remain

ArcBest reported improvement in revenue trends during November but reiterated its expectation for margin erosion in the fourth quarter.

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