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3 Trucking Stocks to Buy Right Now Without Hesitation By StockNews

by Mike Robinson

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© Reuters. Three Trucking Stocks You Can Buy Now without Waiting

We believe it would be smart to invest in quality trucking stocks ArcBest, P.A.M Transportation and Covenant Logistics. The trucking industry is set to see a significant increase in demand over the next few months due to ongoing supply chain restrictions. Let’s discuss.The skyrocketing demand for raw materials, auto parts, and other goods amid current supply chain interruptions is driving rising demand for trucking transportation. Due to the economic recovery that is occurring and the increasing number of immunizations, truck-based transit will be in high demand ahead the holiday season.

Furthermore, the electrification of trucks and the adoption of advanced technologies are expected to boost the trucking industry’s growth. A Research and Markets report states that the market for general cargo trucking worldwide is projected to increase at a 12.5% CAGR to $125.24 million this year.

We believe it would be prudent to place a bet on ArcBest Corporation, a fundamentally solid trucking stock (ARCB) in this context. P.A.M. Transportation Services, Inc.

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