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4 Under the Radar Logistics Stocks to Consider Adding to Your Portfolio By StockNews

by Mike Robinson

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© Reuters. 4 Under the Radar Logistics Stocks to Consider Adding to Your Portfolio

A greater reliance on deliveries for essential and non-essential goods, a rise in international trade-related agreements, and advancement in transportation applications have been driving the logistics services industry’s growth. We believe that fundamentally sound logistics stocks such as Forward Air (NASDAQ;), Echo Global Logistics(NASDAQ:), Covenant Logistics, (CVLG), Radiant Logistics (NYSE 🙂 can be a great benefit. Let’s discuss.
Due to factory closings and supply chain disruptions, the COVID-19 epidemic severely affected logistics. However, with rapid vaccine rollout and an increase of distribution activities once supply chains started to recover slowly the logistics market is now able to respond to the enormous spike in demand. Online delivery has also seen a rise in demand as more people stay at home and buy electronics, appliances, and other essential items through online stores.

With a 2.2% compound annual growth rate, the logistics market will reach $77.28 million by 2025. Furthermore, increasing international trade agreements, growing inbound and outbound transportation, and efficient inventory management are expected to propel the demand for the industry’s services.

It is possible to make a bet on the top Logistics stocks Forward Air Corporation, Echo Global Logistics, Inc., Covenant Logistics Group, Inc., and Radiant Logistics, Inc. Based on their strong growth potential and varied portfolios, these names should deliver significant returns over the short term.

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