It is no longer news that the transportation sector has been gaining this year with the gradual uptick in economic activities following the re-opening of the same.
One of the brightest corners of the sector is the trucking space. Evidently, the Zacks Transportation - Truck industry has surged 50.9% so far this year, comfortably outperforming the S&P 500’s 22.7% uptick.
Bettering freight conditions as economic activities claw back to normalcy are mainly responsible for this double-digit price surge. Gradual economic growth, which led to an uptick in freight activities, has been a huge boon for the trucking stocks so far.
Given this buoyant scenario, investing in stocks like ArcBest Corporation ARCB, Landstar System LSTR, Old Dominion Freight Line ODFL and J.B. Hunt Transport Services JBHT seems a prudent move.
finance.yahoo.com
One of the brightest corners of the sector is the trucking space. Evidently, the Zacks Transportation - Truck industry has surged 50.9% so far this year, comfortably outperforming the S&P 500’s 22.7% uptick.
Bettering freight conditions as economic activities claw back to normalcy are mainly responsible for this double-digit price surge. Gradual economic growth, which led to an uptick in freight activities, has been a huge boon for the trucking stocks so far.
Given this buoyant scenario, investing in stocks like ArcBest Corporation ARCB, Landstar System LSTR, Old Dominion Freight Line ODFL and J.B. Hunt Transport Services JBHT seems a prudent move.
4 Trucking Stocks to Buy as Supply-Chain Woes to Persist in 2022
Trucking rates are expected to continue increasing, in turn boosting the top lines of companies like Old Dominion (ODFL), J.B. Hunt (JBHT), Landstar (LSTR) and ArcBest (ARCB).
