Transportation has been an important part of the global economy for many decades. Despite immense challenges, the industry continues to grow. United Parcel Service easily exceeded profit and revenue expectations in the fourth quarter of 2020. Estimates of $2.75 per share is quite a large amount. These last few years have been marked by a high level of technological change. The epidemic has accelerated in some industries, but not in others. Uber posted a 24% increase in bookings for the first quarter of 2021. FedEx saw its growth during the pandemic. Tesla, Inc. also has great growth opportunities in transportation. Risks for the transport stocks include civil unrest, COVID roadblocks, and digitization of the economy.
Insider Monkey highlights the list of 10 transportation as a service stocks to buy. For Matson Inc., investor satisfaction has improved 145% in the last year. The company operates in Hawaii, China, Guam, and Micronesia. Matson earned over $2.4 billion annually in 2020. Echo Global Logistics is listed in the list of the top 10 logistics companies. The stock has been going up in value recently due to rising economic activities. The company has rewarded shareholders with 117% of their money over the past year. A Washington-based logistics and freight forwarding firm known as Expeditors International ranks eighth on the list of 10 small-cap growth stocks. Expeditors have returned 52% to investors over the last year. Virgin Galactic Holdings was started in 2004 and is based in the U.S. It ranks 7th on the list of 10 service stocks to consider. The company is developing spaceflight packages for the general public to market them. GATX Corporation is a railcar leasing company. It’s ranked number six on the list of 10 transportation service stocks. The company also has shares in aircraft engine lease agreements with Rolls-Royce. The market capitalization is over $3.5 billion. For more details, click 10 Transportation as a Service Stocks to Buy.
