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 - 2025 -
04 August
Todd Maiden

Prologis sees narrow window before warehouse rents increase

Logistics warehouse operator Prologis noted tightening in key metrics during the second quarter.

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Todd Maiden

Descartes buys e-commerce inventory management platform for $40M

Global supply chain SaaS provider Descartes announced on Monday that it has acquired cloud-based inventory management company Finale Inventory for $40 million.

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Jul - 2025 -
31 July
Todd Maiden

XPO sees ‘massive runway’ to push margins higher

Less-than-truckload carrier XPO sees “a massive runway ahead” for its self-help initiatives even if the broader economy doesn’t cooperate.

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Todd Maiden

Schneider National delays stance on railroad merger until more details emerge

Schneider National said Thursday it needs more information before weighing in on the potential fallout from a Union Pacific–Norfolk Southern merger.

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Todd Maiden

First look: XPO Q2 earnings

Less-than-truckload carrier XPO continued a streak of earnings beats on Thursday, reporting revenue and net income ahead of consensus estimates.

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30 July
Todd Maiden

ArcBest’s efficiency initiatives helping offset soft demand

Transportation and logistics provider ArcBest is relying on cost and efficiency initiatives to get through the downturn.

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Todd Maiden

Old Dominion not changing course as downturn lingers

Less-than-truckload carrier Old Dominion Freight Line is sticking with its playbook as the freight downturn enters a fourth year.

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Todd Maiden

First look: Old Dominion Q2 earnings

Old Dominion Freight Line reported a modest earnings miss for the second quarter on Wednesday as volume declines were only partially offset by higher yields.

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Todd Maiden

First look: ArcBest Q2 earnings

ArcBest missed analysts’ expectations for the second quarter.

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29 July
Todd Maiden

Landstar reports trucking revenue growth for first time in nearly 3 years

Spot broker Landstar System pointed to some positive signs after the market closed on Tuesday but noted that the truckload market largely remains challenging.

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28 July
Todd Maiden

OneCompass Holdings to pair carrier Koleaseco with Hyway Trucking

OneCompass Holdings announced it is acquiring Koleaseco, Inc. and plans to operate the fleet under another portfolio company, Hyway Trucking.

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26 July
Todd Maiden

Losses mount at Pamt, TL unit posts 112.5% OR

Pamt Corp. booked another net loss in the second quarter with its truckload unit recording a 112.5% operating ratio.

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25 July
Todd Maiden

Saia beginning to shake off growing pains

Less-than-truckload carrier Saia reported better-than-expected results for the second quarter and outlined a path to improved margins.

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Todd Maiden

Saia’s Q2 results were better than feared, stock up 13% pre-market

Less-than-truckload carrier Saia saw a step in the right direction during the second quarter.

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24 July
Todd Maiden

Roadrunner adds over 100 lanes, establishes Kansas City hub

Roadrunner announced the addition of over 100 lanes to its long-haul, less-than-truckload network, designating Kansas City as a key hub.

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Todd Maiden

Heartland Express books another loss in Q2

Heartland Express sees some sequential improvement in the second quarter but not enough to end a string of losses.

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23 July
Todd Maiden

Knight-Swift’s belt tightening offsets soft demand

Knight-Swift is controlling the controllable as it awaits a more meaningful market turn.

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Todd Maiden

First look: Knight-Swift Q2 earnings

Knight-Swift Transportation modestly beats second-quarter expectations and provides an inline outlook for the third quarter.

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Todd Maiden

Private equity bids for Forward Air rolling in, report says

Several private equity firms have submitted bids to acquire Forward Air, according to a Reuters report.

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22 July
Todd Maiden

FedEx Freight gives shippers ‘more time’ to adjust to new LTL class rules

FedEx Freight said it is giving shippers more time to adjust to recent changes to the less-than-truckload classification system that is used to establish pricing.

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18 July
Todd Maiden

New LTL freight class rules take effect on Saturday

Numerous changes to the way less-than-truckload freight is categorized take effect on Saturday.

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17 July
Todd Maiden

ArcBest CEO Judy McReynolds to retire

ArcBest announced CEO Judy McReynolds will retire at the end of the year after a 15-year run at the helm.

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16 July
Todd Maiden

Prologis says warehouse ‘demand is piling up’

Logistics real estate landlord Prologis said demand continues to build as concerns over tariffs abate.

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Todd Maiden

First look: Prologis Q2 earnings

Logistics real estate landlord Prologis upped its full-year 2025 outlook in conjunction with a better-than-expected second-quarter report.

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15 July
Todd Maiden

J.B. Hunt still waiting for market to turn

J.B. Hunt Transport Services’ second quarter comes with few surprises as the multimodal transportation provider navigates the bottom of the cycle.

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Todd Maiden

First Look: J.B. Hunt Q2 earnings

J.B. Hunt Transport Services reported a largely inline second quarter on Tuesday.

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Todd Maiden

Yellow Corp. to sell 4 terminals for $6.9M

Yellow Corp. has asked a federal bankruptcy court in Delaware to approve the sale of four terminals valued at $6.85 million.

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Todd Maiden

LTL pricing index to hit record high in Q3

Less-than-truckload rates are expected to log a new high in the third quarter, according to TD Cowen and AFS Logistics.

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14 July
Todd Maiden

June produces mixed freight trends, recovery remains ‘elusive’

June data from Cass Information Systems showed a decline in shipments but expenditures continued to rise.

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11 July
Todd Maiden

Schneider National touts enhanced cross-border intermodal speeds

Schneider National announced improved transit times on its cross-border intermodal service with Canadian Pacific Kansas City.

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10 July
Todd Maiden

Carrier Logistics automates LTL shipment data entry

Carrier Logistics, Inc. announced that its freight management system now supports the automatic population of data entry fields from a bill of lading.

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09 July
Todd Maiden

ArcBest touts results from EV semi pilot

An electric Tesla semi recently piloted by ArcBest performed comparably to its diesel counterparts, the company announced Wednesday.

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08 July
Todd Maiden

Yellow Corp. selling 4 terminals for $4M

A filing with a federal bankruptcy court in Delaware shows Yellow Corp. will liquidate four terminals for $4 million.

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07 July
Todd Maiden

Cold storage provider Lineage announces expansion in Canada

Cold storage facility operator Lineage has acquired three locations in Canada and plans to expand another three locations in the country by the middle of next year.

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Jun - 2025 -
13 June
Todd Maiden

Cass Freight Index: Shipments down, rates up in May

May data from Cass Information Systems shows continued pressure on freight demand, but carriers are experiencing some pricing relief.

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12 June
Todd Maiden

Forward Air chairman, 2 directors leave after shareholder vote

Forward Air announced the departure of three board members following a push from activist investor Ancora Holdings Group.

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11 June
09 June
Todd Maiden

Dynamic pricing, easy comps end 22-month tonnage downturn at ArcBest

Easy comps and dynamic pricing have ArcBest back in growth mode, but yields are now lagging.

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05 June
Todd Maiden

Saia’s tonnage turns negative after 22-month run

Less-than-truckload carrier Saia reported a decline in tonnage for the first time since Yellow Corp. closed.

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04 June
Todd Maiden

Descartes cutting 7% of workforce after earnings miss

Supply chain SaaS provider Descartes said a 7% reduction in head count is prudent given uncertainty in the market.

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Todd Maiden

XPO sees modest tonnage decline in May

Less-than-truckload carrier XPO saw a volume decline in May that was in line with its previous guidance.

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Todd Maiden

Old Dominion’s May update in line with prior Q2 guide

Old Dominion Freight Line said in a Wednesday update that the soft trends experienced so far in 2025 continued through May.

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03 June
Todd Maiden

Transportation pricing grows faster than capacity again in May

Various transportation metrics maintained recent growth trajectories in May, according to a monthly survey of supply chain managers.

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02 June
Todd Maiden

Yellow Corp. to sell 4 terminals for $6.8M

Yellow Corp. has asked a federal bankruptcy court to approve four terminal sale agreements totaling $6.8 million.

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Todd Maiden

Proxy adviser backs activist’s move to reshape Forward Air board

Activist investor Ancora said an independent proxy adviser is backing its plea to Forward Air shareholders to vote against three legacy directors who served during the ill-conceived Omni Logistics acquisition.

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May - 2025 -
30 May
Todd Maiden

J.B. Hunt expands premium intermodal offering to shippers in Mexico

J.B. Hunt Transport Services has expanded its premium intermodal offering, Quantum, to businesses in Mexico.

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29 May
Todd Maiden

Americold breaks ground on first import-export hub in Canada

Cold storage warehouse operator Americold said it has started building an $80 million facility at Canada’s Port Saint John.

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Todd Maiden

ArcBest taps CH Robinson veteran to fix asset-light business

ArcBest announced it has hired former C.H. Robinson brokerage President Mac Pinkerton to lead operations at its asset-light logistics segment.

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23 May
Todd Maiden

3PL focused on events, luxury goods changes private equity hands

Providence Equity Partners has acquired a controlling stake in Global Critical Logistics.

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22 May
Todd Maiden

Truckload spot rates to continue upward trend, RXO says

North America’s third-largest full truckload broker, RXO, believes spot rates will continue to step higher.

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21 May
Todd Maiden

LTL carrier Averitt partners with Best Overnite Express for service in the West

Less-than-truckload carrier Averitt announced it has inked a partnership with Western carrier Best Overnite Express.

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Todd Maiden

Activist investor pushes Forward Air to execute ‘value-maximizing sale’

Activist investor Ancora is doubling down on efforts at Forward Air to shake up the board and force the company to sell.

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20 May
Todd Maiden

Pitt Ohio opens maritime terminal in Norfolk, Virginia

Less-than-truckload carrier Pitt Ohio has opened a terminal near the Port of Norfolk.

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Todd Maiden

Private equity-backed Everest Transportation acquires Simple Logistics

Private equity firm Cambridge Capital announced it is combining its majority-owned broker Everest Transportation Systems with fellow 3PL Simple Logistics.

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Todd Maiden

FedEx taps leaders from within for LTL spinoff, to Wall Street’s dismay

FedEx Corp. has announced the new leaders for less-than-truckload carrier FedEx Freight following a 2026 spinoff.

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19 May
Todd Maiden

KAG Canada acquires milk hauler Fisher Transport

Kenan Advantage Group acquires the largest milk hauler on Canada’s Atlantic Coast.

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15 May
Todd Maiden

April sees mixed freight trends on path to recovery

April data from Cass Information Systems showed some stabilization on the freight industry’s path to recovery.

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14 May
Todd Maiden

ArcBest’s mobile freight dimensioning technology moves forward

ArcBest has provided an update on a pilot for its freight dimensioning tech on forklifts and announced a key hire in the unit.

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13 May
Todd Maiden

Insurance costs, fraud and cargo theft hit Landstar’s Q1

Freight broker Landstar System reported a messy first quarter, dragged down by insurance costs, fraud and stolen cargo.

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12 May
Todd Maiden

Radiant Logistics beats expectations to start year

Radiant Logistics reported better-than-expected results for its fiscal third quarter ended March 31.

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08 May
Todd Maiden

Food storage demand cooling amid trade war, inflation fears

Cold storage real estate investment trust Americold said it has seen a significant slowdown in demand over the past 30 to 45 days.

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07 May
Todd Maiden

Forward Air touts Q1 achievements, investors await next steps

Forward Air’s first-quarter update provides investors with little insight into an ongoing strategic review of the company.

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Todd Maiden

Activist investor pushes board shake-up at Forward Air

Activist investor Ancora Holdings Group is asking Forward Air’s shareholders to vote against three board members at the upcoming annual meeting.

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06 May
Todd Maiden

Rising transportation pricing in April outpaced capacity growth

Transportation metrics were mixed in April, according to the Logistics Managers’ Index.

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Todd Maiden

Saia, others buying 10 Yellow Corp. terminals

Returning bidder Saia headlines a list of mostly newcomers vying for Yellow’s terminals.

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05 May
Todd Maiden

Kenco adds 4 warehouses in Canada as part of 3PL acquisition

Chattanooga, Tennessee-based Kenco said Monday it has acquired the 3PL arm of Ontario, Canada-based company Drexel Industries.

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Todd Maiden

Premier Bulk Systems acquires Canada east coast operator

Bulk liquid hauler Premier Bulk Systems has acquired Canadian peer Longhorn Transportation.

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02 May
Todd Maiden

Forward Air looks for a fresh start in Delaware

Forward Air is seeking shareholder approval to reincorporate in Delaware, where it may be easier to sell the company or seek other strategic alternatives.

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01 May
Todd Maiden

Tariffs trim Schneider National’s 2025 growth expectations

Schneider National is still targeting 2025 as a growth year but not likely as robust as hoped due to trade uncertainty.

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Todd Maiden

Schneider National’s Q1, outlook not as bad as feared

Schneider National posted a rare earnings beat in what was a tough quarter for transportation companies.

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Todd Maiden

Losses continue to mount at Heartland Express

Heartland Express booked another net loss during the first quarter.

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Apr - 2025 -
30 April
Todd Maiden

XPO sees runway for higher margins even if downcycle lingers

Less-than-truckload carrier XPO reiterated its outlook for margin improvement in 2025 even if the economy doesn’t cooperate.

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Todd Maiden

First look: XPO beats first-quarter earnings expectations

Less-than-truckload carrier XPO is one of the few transportation companies to report better-than-expected results for the first quarter.

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29 April
Todd Maiden

ArcBest says LTL pricing not under attack

ArcBest said it’s still seeing a rational less-than-truckload pricing environment and expects a normal seasonal uptick in demand during the second quarter.

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Todd Maiden

First look: ArcBest reports tough Q1

ArcBest reported a miss for the first quarter as it balances keeping its network full with finding decently margined freight.

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28 April
Todd Maiden

Landstar quantifies suspected fraud event, delays Q1 report

Broker Landstar System has delayed its first-quarter report as it further investigates what it says was fraud tied to an independent agent working under its freight forwarding operation.

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25 April
Todd Maiden

Saia’s shares sag 30% as tariffs tank demand, exacerbate growing pains

Saia’s shares are getting punished as the company’s ambitious growth efforts have been derailed by a trade war.

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Todd Maiden

Saia badly misses Q1 mark, shares off 24% pre-market

Less-than-truckload carrier Saia’s first quarter was much worse than analysts feared.

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24 April
Todd Maiden

Prologis Mobility bridges infrastructure readiness gap in EV charging

Prologis said Thursday that a new electric vehicle charging platform will let users circumvent utility connectivity issues in markets where infrastructure is lagging.

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Todd Maiden

TL carrier Pamt books another loss in Q1

Pamt Corp. reported a sixth straight operating loss in its truckload business during the first quarter.

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23 April
Todd Maiden

Knight-Swift grappling with tariff-spooked customers in bid season

Knight-Swift Transportation said some customers are delaying decision making and others are drawing down inventories as the market awaits some resolution on U.S. trade policy.

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Todd Maiden

Knight-Swift blames trade uncertainty for reduced Q2 outlook, no Q3 guide

Knight-Swift Transportation lowered its second-quarter outlook and didn’t provide third-quarter guidance due to a “fluid trade policy,” which is weighing on customer decision making.

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Todd Maiden

Market shaken, LTL carrier Old Dominion isn’t

Old Dominion Freight Line is only modestly altering near-term plans as it looks to take market share during the next less-than-truckload upswing.

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Todd Maiden

First look: Old Dominion Q1 earnings

Old Dominion Freight Line beat first-quarter expectations on Wednesday but lowered its capex budget as demand weakness lingers.

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22 April
Todd Maiden

AIT Worldwide Logistics acquires Miami freight forwarder

Freight forwarder AIT Worldwide Logistics announced it has acquired a Miami-based forwarder.

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21 April
Todd Maiden

Forward Air ups Q1 EBITDA forecast

Forward Air on Monday updated its first-quarter expectations for a second time.

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16 April
Todd Maiden

Infrastructure investment firm Stonepeak acquires Dupre Logistics

Investment firm Stonepeak has acquired energy-focused transportation and logistics company Dupre Logistics.

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Todd Maiden

Prologis sticks with 2025 outlook, but customers grow more cautious

Logistics warehouse operator Prologis reiterated its 2025 guidance on Wednesday but noted that uncertainty around a volatile trade landscape has customers delaying leasing decisions.

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Todd Maiden

First look: Prologis Q1 earnings

Logistics real estate investment trust Prologis beat first-quarter expectations and maintained its full-year 2025 outlook but noted “policy uncertainty is making customers more cautious.”

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15 April
Todd Maiden

J.B. Hunt’s intermodal bid season delivers mixed results

J.B. Hunt Transport Services said it’s remaining rate-disciplined on the intermodal front, allowing some business to walk as it works to improve yields and margins in the segment.

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Todd Maiden

First Look: J.B. Hunt Q1 earnings

J.B. Hunt Transport Services’ first-quarter earnings result came in ahead of recently lowered forecasts.

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14 April
Todd Maiden

FitzMark announces 2 brokerage acquisitions

Third-party logistics provider FitzMark announced the acquisition of brokers High Point Logistics and Pentonix Freight.

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Todd Maiden

March freight demand enters, exits like a lamb

Freight data from Cass Information Systems shows the industry closed the first quarter on a down note.

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10 April
Todd Maiden

Amazon launches inbound-only LTL service

Amazon has announced an inbound-only less-than-truckload service providing vendors that can’t fill a full trailer with a cheaper option to ship freight to its distribution centers.

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09 April
Todd Maiden

Forward Air flags 10% to 15% revenue impact from new tariffs

Forward Air said Wednesday that 10% to 15% of last year’s revenue would have been impacted by the new tariffs.

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08 April
Todd Maiden

LTL rates projected to keep rising y/y in Q2, TL rates to stay ‘at the bottom’

The TD Cowen/AFS Freight Index showed recent trends in truckload and less-than-truckload pricing will continue for another quarter.

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07 April
Todd Maiden

LTL stocks bloodied post-Liberation Day, estimates cut ahead of Q1 reports

Less-than-truckload stocks bore the brunt of Liberation Day tariffs, falling 18% on average following the announcement and adding to an already down year.

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06 April
Todd Maiden

Saia moving customer service function to its terminals

Less-than-truckload carrier Saia has restructured its customer service function and will now have local terminals rather than remote representatives handle the inbound.

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03 April
Todd Maiden

Turvo, SMC3 team up to improve LTL shipping process

Turvo said Thursday that SMC3’s less-than-truckload freight management tools can now be accessed through its TMS.

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