As the economy recovers, freight and logistics companies show incredible growth. Because the market is recovering, the demand for goods will rise even more. We recommend investing in these four stocks to get the best freight and logistics companies: J.B. Hunt JBHT Forward Air (NASDAQ), Radiant Logistics (NYSE) For more information, please read on. The freight and logistics industry is crucial for supporting economic activity because it transports raw materials and packaged goods by air, rail, or ship. Part of the reason for boom in the freight and logistic sector can be attributed to digitization which has resulted in an explosion of e-commerce.
An eMarketer study shows that U.S. consumers are expected to spend $933.30 million on e-commerce by 2021. That’s 17.9% more than the year before. These increased sales suggest that logistics and freight companies are vital to ensuring seamless goods delivery. Furthermore, investors’ interest in the sector is evident in the SPDR S&P Transportation ETF’s (XTN) 31.7% gains over the past year.
We believe it would be smart to buy shares in fundamentally sound logistics and freight stocks Expeditors International, Inc., J.B. Hunt Transport Services, Inc., Forward Air Corporation, Inc., Radiant Logistics, Inc., and Radiant Logistics, Inc. Both are expected to produce significant returns in coming months.
Fusion MediaFusion Media or any other person involved in the website will not be held responsible for any loss or damage resulting from reliance on this information, including charts, buy/sell signals, and data. Trading the financial markets is one of most risky investment options. Please make sure you are fully aware about the costs and risks involved.