The resumption of industrial activities with the economy’s recovery from its pandemic-led slump has been fostering rising demand for freight services. Supply chain problems are increasing the demand for logistics and transportation services. Therefore, we believe that fundamentally sound freight stocks Ryder (R), Daseke (NASDAQ:), P.A.M. Transportation (PTSI), and Covenant Logistics (CVLG) could be solid bets now. So, let’s pore over these names.As the economic recovery and solid progress on the vaccination front help industries resume their operations and gradually return to pre-pandemic capacity, the need for the transportation of raw materials, equipment, and other goods is on the rise. Notably, supply chain challenges continue to drive the increasing demand for transport, logistics, and warehouse services. This industry will see steady growth as many freight carriers are expanding their capabilities to keep up with the rising demand.

The industry should see further growth due to increased fuel efficiency, and growing interest in autonomous trucks. Global freight trucking is predicted to increase at a 3.3% rate to $1.11 trillion in 2027.

Therefore, Ryder System, Inc., Daseke, Inc., P.A.M. Transportation Services, Inc., Covenant Logistics Group, Inc., (CVLG), are all well-positioned to take advantage of industry tailwinds. These stocks could make a good investment.

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