Transportation Stocks List

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This page shows information about the 50 largest transportation stocks including Union Pacific, United Parcel Service, Canadian National Railway, and Canadian Pacific Kansas City. Learn more about transportation stocks.

#1 - Union Pacific

NYSE:UNP
Stock Price: $248.84 (-$0.32)
Market Cap: $151.69 billion
P/E Ratio: 23.8
Dividend Yield: 2.08%
Consensus Rating: Moderate Buy (13 Buy Ratings, 6 Hold Ratings, 0 Sell Ratings)
Consensus Price Target: $249.67 (0.3% Upside)

Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, operates in the railroad business in the United States. The company offers transportation services for grain and grain products, fertilizers, food and refrigerated products, and coal and renewables to grain processors, animal feeders, ethanol producers, and other agricultural users; petroleum, and liquid petroleum gases; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, soda ash, and sand, as well as finished automobiles, automotive parts, and merchandise in intermodal containers. The company was founded in 1862 and is headquartered in Omaha, Nebraska.

#2 - United Parcel Service

NYSE:UPS
Stock Price: $147.90 (+$0.66)
Market Cap: $126.00 billion
P/E Ratio: 19.0
Dividend Yield: 4.44%
Consensus Rating: Hold (7 Buy Ratings, 15 Hold Ratings, 0 Sell Ratings)
Consensus Price Target: $177.29 (19.9% Upside)

United Parcel Service, Inc., a package delivery company, provides transportation and delivery, distribution, contract logistics, ocean freight, airfreight, customs brokerage, and insurance services. It operates through two segments, U.S. Domestic Package and International Package. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States. The International Package segment provides guaranteed day and time-definite international shipping services comprising guaranteed time-definite express options in Europe, Asia, the Indian sub-continent, the Middle East, Africa, Canada, and Latin America. The company also provides international air and ocean freight forwarding, post-sales, and mail and consulting services. In addition, it offers truckload brokerage services; supply chain solutions to the healthcare and life sciences industries; financial and information services; and fulfillment and transportation management services. United Parcel Service, Inc. was founded in 1907 and is headquartered in Atlanta, Georgia.

#3 - Canadian National Railway

NYSE:CNI
Stock Price: $128.19 (-$0.94)
Market Cap: $82.53 billion
P/E Ratio: 20.2
Dividend Yield: 1.81%
Consensus Rating: Hold (3 Buy Ratings, 16 Hold Ratings, 0 Sell Ratings)
Consensus Price Target: $130.35 (1.7% Upside)

Canadian National Railway Company, together with its subsidiaries, engages in rail and related transportation business. The company offers rail services, which include equipment, custom brokage services, transloading and distribution, business development and real estate, and private car storage services; and intermodal services including temperature controlled cargo, port partnership, transloading and distribution, logistic parks, customs brokerage, trucking, and moving grains in containers. It also provides trucking services, such as door-to-door services, import and export dray, interline services, and specialized services comprising flatbed trucks, on-deck mobile transport trays, expedited and temperature controlled cargo, and permit/overweight services; and supply chain services. In addition, it serves automotive, coal, fertilizers, temperature controlled cargo, forest products, dimensional, grain, metal and minerals, petroleum and chemicals, and consumer goods applications. Further, the company operates a network of 20,000 route miles of track and shipping Canada and the United States. Canadian National Railway Company was incorporated in 1919 and is headquartered in Montreal, Canada.

#4 - Canadian Pacific Kansas City

NYSE:CP
Stock Price: $85.48 (+$0.12)
Market Cap: $79.67 billion
P/E Ratio: 27.2
Dividend Yield: 0.66%
Consensus Rating: Moderate Buy (10 Buy Ratings, 9 Hold Ratings, 0 Sell Ratings)
Consensus Price Target: $92.94 (8.7% Upside)

Canadian Pacific Kansas City Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada and the United States. The company transports bulk commodities, including grain, coal, potash, fertilizers, and sulphur; and merchandise freight, such as energy, chemicals and plastics, metals, minerals and consumer, automotive, and forest products. It transports intermodal traffic comprising retail goods in overseas containers. The company offers rail and intermodal transportation services through a network of approximately 13,000 miles serving business centers in Quebec and British Columbia, Canada; and the United States Northeast and Midwest regions. Canadian Pacific Kansas City Limited is headquartered in Calgary, Canada.

#5 - CSX

NASDAQ:CSX
Stock Price: $37.07 (+$0.08)
Market Cap: $73.26 billion
P/E Ratio: 20.1
Dividend Yield: 1.19%
Consensus Rating: Moderate Buy (14 Buy Ratings, 3 Hold Ratings, 0 Sell Ratings)
Consensus Price Target: $36.24 (-2.3% Upside)

CSX Corporation, together with its subsidiaries, provides rail-based freight transportation services. The company offers rail services; and transportation of intermodal containers and trailers, as well as other transportation services, such as rail-to-truck transfers and bulk commodity operations. It transports chemicals, agricultural and food products, minerals, automotive, forest products, fertilizers, and metals and equipment; and coal, coke, and iron ore to electricity-generating power plants, steel manufacturers, and industrial plants, as well as exports coal to deep-water port facilities. The company also offers intermodal transportation services through a network of approximately 30 terminals transporting manufactured consumer goods in containers; and drayage services, including the pickup and delivery of intermodal shipments. It serves the automotive industry with distribution centers and storage locations, as well as connects non-rail served customers through transferring products, such as plastics and ethanol from rail to trucks. The company operates approximately 20,000 route mile rail network, which serves various population centers in 26 states east of the Mississippi River, the District of Columbia, and the Canadian provinces of Ontario and Quebec, as well as owns and leases approximately 3,600 locomotives. It also serves production and distribution facilities through track connections. CSX Corporation was incorporated in 1978 and is headquartered in Jacksonville, Florida.

#6 - FedEx

NYSE:FDX
Stock Price: $241.80 (-$0.33)
Market Cap: $60.42 billion
P/E Ratio: 14.3
Dividend Yield: 2.09%
Consensus Rating: Moderate Buy (19 Buy Ratings, 6 Hold Ratings, 0 Sell Ratings)
Consensus Price Target: $289.93 (19.9% Upside)

FedEx Corporation provides transportation, e-commerce, and business services in the United States and internationally. It operates through FedEx Express, FedEx Ground, FedEx Freight, and FedEx Services segments. The FedEx Express segment offers express transportation, small-package ground delivery, and freight transportation services; and time-critical transportation services. The FedEx Ground segment provides small-package ground delivery services. The FedEx Freight segment offers less-than-truckload freight transportation services. The FedEx Services segment provides sales, marketing, information technology, communications, customer service, technical support, billing and collection, and back-office support services. In addition, the company offers supply chain management solutions; and air and ocean cargo transportation, specialty transportation, customs brokerage, and trade management tools and data. The company was founded in 1971 and is headquartered in Memphis, Tennessee.

#7 - Norfolk Southern

NYSE:NSC
Stock Price: $254.12 (+$3.57)
Market Cap: $57.40 billion
P/E Ratio: 31.7
Dividend Yield: 2.14%
Consensus Rating: Hold (9 Buy Ratings, 8 Hold Ratings, 1 Sell Ratings)
Consensus Price Target: $238.94 (-6.0% Upside)

Norfolk Southern Corporation, together with its subsidiaries, engages in the rail transportation of raw materials, intermediate products, and finished goods in the United States. The company transports agriculture, forest, and consumer products comprising soybeans, wheat, corn, fertilizers, livestock and poultry feed, food products, food oils, flour, sweeteners, ethanol, lumber and wood products, pulp board and paper products, wood fibers, wood pulp, beverages, and canned goods; chemicals consist of sulfur and related chemicals, petroleum products comprising crude oil, chlorine and bleaching compounds, plastics, rubber, industrial chemicals, chemical wastes, sand, and natural gas liquids; metals and construction materials, such as steel, aluminum products, machinery, scrap metals, cement, aggregates, minerals, clay, transportation equipment, and military-related products; and automotive, including finished motor vehicles and automotive parts, as well as coal. It also transports overseas freight through various Atlantic and Gulf Coast ports; provides commuter rail passenger transportation services; and operates an intermodal network. As of December 31, 2022, the company operated approximately 19,100 route miles in 22 states and the District of Columbia. Norfolk Southern Corporation was incorporated in 1980 and is headquartered in Atlanta, Georgia.

#8 - Old Dominion Freight Line

NASDAQ:ODFL
Stock Price: $435.16 (+$2.71)
Market Cap: $47.48 billion
P/E Ratio: 38.6
Dividend Yield: 0.38%
Consensus Rating: Moderate Buy (7 Buy Ratings, 6 Hold Ratings, 0 Sell Ratings)
Consensus Price Target: $422.20 (-3.0% Upside)

Old Dominion Freight Line, Inc. operates as a less-than-truckload (LTL) motor carrier in the United States and North America. It provides regional, inter-regional, and national LTL services, including expedited transportation. The company also offers various value-added services, such as container drayage, truckload brokerage, and supply chain consulting. As of December 31, 2022, it owned and operated 11,274 tractors, 31,252 linehaul trailers, and 14,315 pickup and delivery trailers; 44 fleet maintenance centers; and 255 service centers. Old Dominion Freight Line, Inc. was founded in 1934 and is headquartered in Thomasville, North Carolina.

#9 - Ryanair

NASDAQ:RYAAY
Stock Price: $138.99 (-$1.11)
Market Cap: $31.68 billion
P/E Ratio: 14.3
Dividend Yield: 0.51%
Consensus Rating: Buy (4 Buy Ratings, 1 Hold Ratings, 0 Sell Ratings)
Consensus Price Target: $151.00 (8.6% Upside)

Ryanair Holdings plc, together with its subsidiaries, provides scheduled-passenger airline services in Ireland, the United Kingdom, Italy, Spain, and internationally. It is also involved in the provision of various ancillary services, such as non-flight scheduled and Internet-related services, as well as in-flight sale of beverages, food, duty-free, and merchandise; and markets car hire, travel insurance, and accommodation services through its website and mobile app. In addition, the company offers aircraft and passenger handling, ticketing, and maintenance and repair services; and markets car parking, fast-track, airport transfers, attractions, and activities on its website and mobile app, as well as sells gift vouchers. Ryanair Holdings plc was incorporated in 1996 and is headquartered in Swords, Ireland.

#10 - Kansas City Southern

NYSE:KSU
Stock Price: $293.59
Market Cap: $26.71 billion
P/E Ratio: 287.8
Dividend Yield: 0.74%
Consensus Rating: N/A (0 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings)
Consensus Price Target: N/A

Kansas City Southern is a transportation holding company. It focuses on the growing north or south freight corridor connecting key commercial and industrial markets in the central United States with major industrial cities in Mexico. The firm also engages in the freight rail transportation business operating through a single coordinated rail network. The company was founded by Arthur E. Stilwell in 1887 and is headquartered in Kansas City, MO.

#11 - Delta Air Lines

NYSE:DAL
Stock Price: $40.35 (+$0.13)
Market Cap: $25.96 billion
P/E Ratio: 5.6
Dividend Yield: 1.00%
Consensus Rating: Buy (9 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings)
Consensus Price Target: $55.54 (37.7% Upside)

Delta Air Lines, Inc. provides scheduled air transportation for passengers and cargo in the United States and internationally. The company operates through two segments, Airline and Refinery. Its domestic network centered on core hubs in Atlanta, Minneapolis-St. Paul, Detroit, and Salt Lake City, as well as coastal hub positions in Boston, Los Angeles, New York-LaGuardia, New York-JFK, and Seattle; and international network centered on hubs and market presence in Amsterdam, Mexico City, London-Heathrow, Paris-Charles de Gaulle, and Seoul-Incheon. The company sells its tickets through various distribution channels, including delta.com and the Fly Delta app, reservations, online travel agencies, traditional brick and mortar, and other agencies. It also provides aircraft maintenance and engineering support, repair, and overhaul services; and vacation packages to third-party consumers, as well as aircraft charters, and management and programs. The company operates through a fleet of approximately 1,250 aircrafts. Delta Air Lines, Inc. was founded in 1924 and is based in Atlanta, Georgia.

#12 - Westinghouse Air Brake Technologies

NYSE:WAB
Stock Price: $136.73 (+$0.23)
Market Cap: $24.50 billion
P/E Ratio: 32.7
Dividend Yield: 0.50%
Consensus Rating: Moderate Buy (8 Buy Ratings, 2 Hold Ratings, 0 Sell Ratings)
Consensus Price Target: $136.20 (-0.4% Upside)

Westinghouse Air Brake Technologies Corporation provides technology-based locomotives, equipment, systems, and services for the freight rail and passenger transit industries worldwide. The company operates in two segments, Freight and Transit. The Freight segment manufactures and services components for freight cars and locomotives; builds, rebuilds, upgrades, and overhauls locomotives; supplies railway electronics, positive train control equipment, and signal design and engineering services; services locomotives and freight cars; and provides heat exchange and cooling systems, and components and digital solutions. It serves publicly traded railroads; leasing companies; manufacturers of original equipment; and utilities. The Transit segment offers components for new and existing passenger transit vehicles, such as regional and high speed trains, subway cars, light-rail vehicles, and buses; refurbishes subway cars; and provides heating, ventilation, and air conditioning equipment, as well as doors for buses and subways. This segment serves public transit authorities and municipalities, leasing companies, and manufacturers of subway cars and buses. The company also provides electronically controlled pneumatic braking products; freight car trucks; draft gears, couplers, and slack adjusters; air compressors and dryers; track and switch products; railway and freight braking equipment and related components; friction products; access and platform screen doors; pantographs; energy measuring systems; auxiliary power converter and battery charging products; antifire systems; passenger information systems and CCTV; signaling and railway electric relays; sanitation systems; window assemblies; accessibility lifts and ramps for buses; and electric charging solutions for buses and electric ferries. In addition, it offers freight locomotive overhaul, modernizations, and refurbishment services. The company was founded in 1869 and is headquartered in Pittsburgh, Pennsylvania.

#13 - J.B. Hunt Transport Services

NASDAQ:JBHT
Stock Price: $213.38 (-$0.37)
Market Cap: $22.01 billion
P/E Ratio: 30.6
Dividend Yield: 0.79%
Consensus Rating: Moderate Buy (11 Buy Ratings, 5 Hold Ratings, 0 Sell Ratings)
Consensus Price Target: $206.37 (-3.3% Upside)

J.B. Hunt Transport Services, Inc. provides surface transportation, delivery, and logistic services in North America. It operates through five segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), Final Mile Services (FMS), and Truckload (JBT). The JBI segment offers intermodal freight solutions. It operates 115,150 pieces of company-owned trailing equipment; owns and maintains its chassis fleet of 95,553 units; and manages a fleet of 6,081 company-owned tractors, 615 independent contractor trucks, and 7,972 company drivers. The DCS segment designs, develops, and executes supply chain solutions that support various transportation networks. As of December 31, 2022, it operated 12,328 company-owned trucks, 570 customer-owned trucks, and 1 contractor trucks. The company also operates 23,354 owned pieces of trailing equipment and 4,968 customer-owned trailers. The ICS segment provides freight brokerage and transportation logistics solutions; flatbed, refrigerated, expedited, and less-than-truckload, as well as dry-van and intermodal solutions; an online multimodal marketplace; and logistics management for customers to outsource the transportation functions. The FMS segment offers delivery services through 1,506 company-owned trucks, 303 customer-owned trucks, and 20 independent contractor trucks; and 1,297 owned pieces of trailing equipment and 316 customer-owned trailers. The JBT segment provides dry-van freight services by utilizing tractors and trailers operating over roads and highways through 620 company-owned tractors and 14,718 company-owned trailers. It also transports or arranges for the transportation of freight, such as general merchandise, specialty consumer items, appliances, forest and paper products, food and beverages, building materials, soaps and cosmetics, automotive parts, agricultural products, electronics, and chemicals. The company was incorporated in 1961 and is headquartered in Lowell, Arkansas.

#14 - Southwest Airlines

NYSE:LUV
Stock Price: $32.33 (+$1.59)
Market Cap: $19.27 billion
P/E Ratio: 43.1
Dividend Yield: 2.32%
Consensus Rating: Reduce (2 Buy Ratings, 8 Hold Ratings, 5 Sell Ratings)
Consensus Price Target: $30.69 (-5.1% Upside)

Southwest Airlines Co. operates as a passenger airline company that provide scheduled air transportation services in the United States and near-international markets. As of December 31, 2022, the company operated a total fleet of 770 Boeing 737 aircrafts; and served 121 destinations in 42 states, the District of Columbia, and the Commonwealth of Puerto Rico, as well as ten near-international countries, including Mexico, Jamaica, the Bahamas, Aruba, the Dominican Republic, Costa Rica, Belize, Cuba, the Cayman Islands, and Turks and Caicos. It also provides inflight entertainment portal and connectivity services on Wi-Fi enabled aircrafts; and Rapid Rewards loyalty program that enables program members to earn points for dollars spent on Southwest base fares. In addition, the company offers a suite of digital platforms to support customers' travel needs, including websites and apps; and SWABIZ, an online booking tool. Further, it provides ancillary services, such as Southwest's EarlyBird Check-In, upgraded boarding, and transportation of pets and unaccompanied minors. The company was incorporated in 1967 and is headquartered in Dallas, Texas.

#15 - Expeditors International of Washington

NASDAQ:EXPD
Stock Price: $127.19 (-$0.42)
Market Cap: $18.49 billion
P/E Ratio: 24.0
Dividend Yield: 1.10%
Consensus Rating: Strong Sell (0 Buy Ratings, 3 Hold Ratings, 4 Sell Ratings)
Consensus Price Target: $105.50 (-17.1% Upside)

Expeditors International of Washington, Inc., together with its subsidiaries, provides logistics services in the Americas, North Asia, South Asia, Europe, the Middle East, Africa, and India. The company offers airfreight services, such as air freight consolidation and forwarding; ocean freight and ocean services, including ocean freight consolidation, direct ocean forwarding, and order management; customs brokerage, intra-continental ground transportation and delivery, and warehousing and distribution services; and customs clearance, purchase order management, vendor consolidation, time-definite transportation services, temperature-controlled transit, cargo insurance, specialized cargo monitoring and tracking, and other supply chain solutions. It also provides optimization, trade compliance, consulting, cargo security, and solutions. In addition, it acts as a freight consolidator or as an agent for the airline, which carries the shipment. Further, the company provides ancillary services that include preparation of shipping and customs documentation, packing, crating, insurance services, negotiation of letters of credit, and the preparation of documentation to comply with local export laws. Its customers include retailing and wholesaling, electronics, technology, and industrial and manufacturing companies. The company was incorporated in 1979 and is headquartered in Seattle, Washington.

#16 - Saia

NASDAQ:SAIA
Stock Price: $553.10 (+$17.08)
Market Cap: $14.68 billion
P/E Ratio: 41.7
Consensus Rating: Moderate Buy (11 Buy Ratings, 4 Hold Ratings, 1 Sell Ratings)
Consensus Price Target: $468.89 (-15.2% Upside)

Saia, Inc., together with its subsidiaries, operates as a transportation company in North America. The company provides less-than-truckload services for shipments between 100 and 10,000 pounds; and other value-added services, including non-asset truckload, expedited, and logistics services. As of December 31, 2022, it operated 191 owned and leased facilities; and owned approximately 6,200 tractors and 20,800 trailers. The company was formerly known as SCS Transportation, Inc. and changed its name to Saia, Inc. in July 2006. Saia, Inc. was founded in 1924 and is headquartered in Johns Creek, Georgia.

#17 - XPO

NYSE:XPO
Stock Price: $118.04 (+$1.50)
Market Cap: $13.69 billion
P/E Ratio: 380.8
Consensus Rating: Moderate Buy (15 Buy Ratings, 7 Hold Ratings, 0 Sell Ratings)
Consensus Price Target: $96.05 (-18.6% Upside)

XPO, Inc. provides freight transportation services in the United States, rest of North America, France, the United Kingdom, rest of Europe, and internationally. The company operates in two segments, North American LTL and European Transportation. The North American LTL segment provides customers with less-than-truckload (LTL) services, such as geographic density and day-definite domestic services. This segment also offers cross-border U.S., Mexico, Canada, and the Caribbean, as well as engages in the operation of trailer manufacturing. The European Transportation segment offers dedicated truckload, LTL, truck brokerage, managed transportation, last mile, freight forwarding and multimodal solutions, such as road-rail and road-short sea combinations. It provides its services to customers in various industries, such as industrial and manufacturing, retail and e-commerce, food and beverage, logistics and transportation, and consumer goods. The company was formerly known as XPO Logistics, Inc. and changed its name to XPO, Inc. in December 2022. XPO, Inc. was incorporated in 2000 and is based in Greenwich, Connecticut.

#18 - United Airlines

NASDAQ:UAL
Stock Price: $41.62 (+$0.34)
Market Cap: $13.65 billion
P/E Ratio: 5.3
Consensus Rating: Moderate Buy (11 Buy Ratings, 2 Hold Ratings, 0 Sell Ratings)
Consensus Price Target: $67.14 (61.3% Upside)

United Airlines Holdings, Inc., through its subsidiaries, provides air transportation services in North America, Asia, Europe, Africa, the Pacific, the Middle East, and Latin America. The company transports people and cargo through its mainline and regional fleets. It also offers catering, ground handling, training, and maintenance services for third parties. The company was formerly known as United Continental Holdings, Inc. and changed its name to United Airlines Holdings, Inc. in June 2019. United Airlines Holdings, Inc. was incorporated in 1968 and is headquartered in Chicago, Illinois.

#19 - U-Haul

NASDAQ:UHAL
Stock Price: $62.16 (-$4.75)
Market Cap: $12.19 billion
P/E Ratio: 16.5
Consensus Rating: Hold (0 Buy Ratings, 1 Hold Ratings, 0 Sell Ratings)
Consensus Price Target: N/A

U-Haul Holding Company operates as a do-it-yourself moving and storage operator for household and commercial goods in the United States and Canada. The company's Moving and Storage segment rents trucks, trailers, portable moving and storage units, specialty rental items, and self-storage spaces primarily to the household movers; and sells moving supplies, towing accessories, and propane. It also provides uhaul.com, an online marketplace that connects consumers to independent Moving Help service providers and independent self-storage affiliates; auto transport and tow dolly options to transport vehicles; and specialty boxes for dishes, computers, flat screen television, and sensitive electronic equipment, as well as tapes, security locks, and packing supplies. This segment rents its products and services through a network of approximately 2,200 company operated retail moving stores and 21,300 independent U-Haul dealers. It also has a rental fleet of approximately 192,200 trucks, 138,500 trailers, and 44,500 towing devices; and 1,904 self-storage locations with approximately 949,000 rentable storage units. The company's Property and Casualty Insurance segment offers loss adjusting and claims handling services. It also provides moving and storage protection packages, such as Safemove and Safetow packages, which offer moving and towing customers with a damage waiver, cargo protection, and medical and life insurance coverage; Safestor that protects storage customers from loss on their goods in storage; Safestor Mobile, which protects customers stored belongings; and Safemove Plus, which provides rental customers with a layer of primary liability protection. Its Life Insurance segment provides life and health insurance products primarily to the senior market through the direct writing and reinsuring of life insurance, medicare supplement, and annuity policies. The company was formerly known as AMERCO. The company was founded in 1945 and is based in Reno, Nevada.

#20 - TFI International

NYSE:TFII
Stock Price: $141.50 (+$1.16)
Market Cap: $11.95 billion
P/E Ratio: 23.5
Dividend Yield: 1.15%
Consensus Rating: Moderate Buy (15 Buy Ratings, 4 Hold Ratings, 0 Sell Ratings)
Consensus Price Target: $153.78 (8.7% Upside)

TFI International Inc. provides transportation and logistics services in the United States, Canada, and Mexico. The company operates through Package and Courier, Less-Than-Truckload (LTL), Truckload (TL), and Logistics segments. The Package and Courier segment engages in the pickup, transport, and delivery of items. The LTL segment is involved in the pickup, consolidation, transportation, and delivery of smaller loads. The TL segment offers expedited transportation, flatbed, tank container, and dedicated services, as well as TL brokerage services. This segment carries full loads directly from the customer to the destination using a closed van or specialized equipment. The Logistics segment provides asset-light logistics services, including brokerage, freight forwarding, and transportation management, as well as small package parcel delivery. As of December 31, 2022, the company had 11,442 tractors, 38,091 trailers, and 6,905 independent contractors. The company was formerly known as TransForce Inc. and changed its name to TFI International Inc. in December 2016. TFI International Inc. was founded in 1957 and is headquartered in Saint-Laurent, Canada.

#21 - AMERCO

NASDAQ:UHALB
Stock Price: $60.60 (-$4.16)
Market Cap: $11.88 billion
P/E Ratio: 16.1
Consensus Rating: N/A (0 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings)
Consensus Price Target: N/A

AMERCO operates as a do-it-yourself moving and storage operator for household and commercial goods in the United States and Canada. The company's Moving and Storage segment rents trucks, trailers, portable moving and storage units, specialty rental items, and self-storage spaces primarily to the household movers; and sells moving supplies, towing accessories, and propane. It also provides uhaul.com, an online marketplace that connects consumers to independent Moving Help service providers and independent self-storage affiliates; auto transport and tow dolly options to transport vehicles; and specialty boxes for dishes, computers, flat screen television, and sensitive electronic equipment, as well as tapes, security locks, and packing supplies. This segment rents its products and services through a network of approximately 2,100 company operated retail moving stores and 21,100 independent U-Haul dealers. As of March 31, 2022, it had a rental fleet of approximately 186,000 trucks, 128,000 trailers, and 46,000 towing devices; and 1,844 self-storage locations with approximately 876,000 rentable storage units. The company's Property and Casualty Insurance segment offers loss adjusting and claims handling services. It also provides moving and storage protection packages, such as Safemove and Safetow packages, which offer moving and towing customers with a damage waiver, cargo protection, and medical and life insurance coverage; Safestor that protects storage customers from loss on their goods in storage; Safestor Mobile, which protects customers stored belongings; and Safemove Plus, which provides rental customers with a layer of primary liability protection. The company's Life Insurance segment provides life and health insurance products primarily to the senior market through the direct writing and reinsuring of life insurance, medicare supplement, and annuity policies. AMERCO was founded in 1945 and is based in Reno, Nevada.

#22 - ZTO Express (Cayman)

NYSE:ZTO
Stock Price: $17.06 (-$0.58)
Market Cap: $10.35 billion
P/E Ratio: 11.4
Consensus Rating: Moderate Buy (3 Buy Ratings, 1 Hold Ratings, 0 Sell Ratings)
Consensus Price Target: $33.40 (95.8% Upside)

ZTO Express (Cayman) Inc. provides express delivery and other value-added logistics services in the People's Republic of China. It offers freight forwarding services; and delivery services for e-commerce and traditional merchants, and other express service users. The company was founded in 2002 and is headquartered in Shanghai, the People's Republic of China.

#23 - American Airlines Group

NASDAQ:AAL
Stock Price: $14.95 (+$0.04)
Market Cap: $9.77 billion
P/E Ratio: 13.6
Consensus Rating: Hold (10 Buy Ratings, 5 Hold Ratings, 2 Sell Ratings)
Consensus Price Target: $17.57 (17.5% Upside)

American Airlines Group Inc., through its subsidiaries, operates as a network air carrier. The company provides scheduled air transportation services for passengers and cargo through its hubs in Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York, Philadelphia, Phoenix, and Washington, D.C., as well as through partner gateways in London, Doha, Madrid, Seattle/Tacoma, Sydney, and Tokyo. As of December 31, 2022, it operated a mainline fleet of 925 aircraft. The company was formerly known as AMR Corporation and changed its name to American Airlines Group Inc. in December 2013. American Airlines Group Inc. was founded in 1926 and is headquartered in Fort Worth, Texas.

#24 - Knight-Swift Transportation

NYSE:KNX
Stock Price: $59.95 (-$0.36)
Market Cap: $9.67 billion
P/E Ratio: 45.1
Dividend Yield: 0.93%
Consensus Rating: Moderate Buy (8 Buy Ratings, 4 Hold Ratings, 0 Sell Ratings)
Consensus Price Target: $63.00 (5.1% Upside)

Knight-Swift Transportation Holdings Inc., together with its subsidiaries, provides freight transportation services in the United States and Mexico. The company operates through four segments: Truckload, Less-than-truckload (LTL), Logistics, and Intermodal. The Truckload segment provides transportations services, which include irregular route and dedicated, refrigerated, expedited, flatbed, and cross-border operations. This segment operated an average of 18,110 tractors, which comprised 16,228 company tractors and 1,882 independent contractor tractors, as well as 74,779 trailers. The LTL segment provides regional transportation services through a network of approximately 110 service centers; and offers national coverage through partner carrier outside the network. This segment operated an average of 3,176 tractors and 8,431 trailers. The Logistic segment offers brokerage and other freight management services through third-party transportation providers and equipment. The Intermodal segment offers transportation services, including freight through third-party intermodal rail services on trailing equipment, such as containers and trailers on flat cars; and drayage services. This segment operated an average of 613 tractors and 11,786 intermodal containers. The company also provides repair and maintenance shop, equipment leasing, warranty, and insurance services; and warehousing and driving academy services, as well as manufactures trailer parts. It serves retail, food and beverage, consumer and paper products, transportation and logistics, housing and building, automotive, and manufacturing industries. The company was incorporated in 1989 and is headquartered in Phoenix, Arizona.

#25 - Grupo Aeroportuario del Sureste, S. A. B. de C. V.

NYSE:ASR
Stock Price: $313.00 (-$3.34)
Market Cap: $9.39 billion
P/E Ratio: 16.5
Dividend Yield: 1.62%
Consensus Rating: Moderate Buy (5 Buy Ratings, 0 Hold Ratings, 1 Sell Ratings)
Consensus Price Target: $274.00 (-12.5% Upside)

Grupo Aeroportuario del Sureste, S. A. B. de C. V. holds concessions to operate, maintain, and develop airports in the southeast region of Mexico. The company operates airports that are located in the cities of Cancún, Cozumel, Mérida, Huatulco, Oaxaca, Veracruz, Villahermosa, Tapachula, and Minatitlán. It provides aeronautical services, which include passenger, aircraft landing and parking, passenger walkway, and airport security services. The company also offers non-aeronautical services, such as leasing of space at its airports to retailers, restaurants, airlines, and other commercial tenants; catering, handling, and ground transportation services, as well as engages in the various commercial operations. In addition, it holds concessions to operate the Luis Muñoz Marín International Airport in San Juan, Puerto Rico; and various airports in Colombia, including the Enrique Olaya Herrera Airport in Medellín, the José María Córdova International Airport in Rionegro, the Los Garzones Airport in Montería, the Antonio Roldán Betancourt Airport in Carepa, the El Caraño Airport in Quibdó, and the Las Brujas Airport in Corozal. Grupo Aeroportuario del Sureste, S. A. B. de C. V. was incorporated in 1998 and is headquartered in Mexico City, Mexico.

#26 - C.H. Robinson Worldwide

NASDAQ:CHRW
Stock Price: $74.66 (+$1.00)
Market Cap: $8.71 billion
P/E Ratio: 27.5
Dividend Yield: 3.27%
Consensus Rating: Reduce (2 Buy Ratings, 4 Hold Ratings, 4 Sell Ratings)
Consensus Price Target: $85.00 (13.8% Upside)

C.H. Robinson Worldwide, Inc., together with its subsidiaries, provides freight transportation services, and related logistics and supply chain services worldwide. The company operates in two segments, North American Surface Transportation and Global Forwarding. It offers transportation and logistics services, such as truckload; less than truckload transportation brokerage services, which include the shipment of single or multiple pallets of freight; intermodal transportation that comprises the shipment service of freight in containers or trailers by a combination of truck and rail; and non-vessel operating common carrier and freight forwarding services, as well as organizes air shipments and provides door-to-door services. The company also provides customs brokerage services; and other logistics services, such as fee-based managed, warehousing, small parcel, and other services. It has contractual relationships with approximately 96,000 transportation companies, including motor carriers, railroads, and ocean and air carriers. In addition, the company is involved in the buying, selling, and/or marketing of fresh fruits, vegetables, and other value-added perishable items under the Robinson Fresh name. Further, it offers transportation management services or managed TMS; and other surface transportation services. The company provides its fresh produce to grocery retailers, restaurants, produce wholesalers, and foodservice distributors through a network of independent produce growers and suppliers. C.H. Robinson Worldwide, Inc. was founded in 1905 and is headquartered in Eden Prairie, Minnesota.

#27 - Grupo Aeroportuario del Pacífico

NYSE:PAC
Stock Price: $165.11 (-$1.09)
Market Cap: $8.34 billion
P/E Ratio: 16.3
Dividend Yield: 4.53%
Consensus Rating: Moderate Buy (3 Buy Ratings, 1 Hold Ratings, 0 Sell Ratings)
Consensus Price Target: $175.00 (6.0% Upside)

Grupo Aeroportuario del Pacífico, S.A.B. de C.V., together with its subsidiaries, manages, operates, and develops airports primarily in Mexico's Pacific region. The company was incorporated in 1998 and is headquartered in Guadalajara, Mexico.

#28 - Landstar System

NASDAQ:LSTR
Stock Price: $190.51 (+$0.06)
Market Cap: $6.85 billion
P/E Ratio: 25.9
Dividend Yield: 0.68%
Consensus Rating: Hold (2 Buy Ratings, 7 Hold Ratings, 0 Sell Ratings)
Consensus Price Target: $185.00 (-2.9% Upside)

Landstar System, Inc. provides integrated transportation management solutions in the United States, Canada, Mexico, and internationally. The company operates through two segments: Transportation Logistics, and Insurance. The Transportation Logistics segment offers a range of transportation services, including truckload and less-than-truckload transportation, rail intermodal, air cargo, ocean cargo, expedited ground and air delivery of time-critical freight, heavy-haul/specialized, U.S.-Canada and U.S.-Mexico cross-border, intra-Mexico, intra-Canada, project cargo, and customs brokerage, as well as offers transportation services to other transportation companies, such as third party logistics, small package and less-than-truckload service providers. It provides truck services through dry and specialty vans of various sizes, unsided/platform trailers, temperature-controlled vans, and containers; rail intermodal services through contracts with domestic and Canadian railroads; and domestic and international air and ocean services. This segment serves the automotive parts and assemblies, consumer durables, building products, metals, chemicals, foodstuffs, heavy machinery, retail, electronics, and military equipment industries. The Insurance segment provides risk and claims management services; and reinsures risks of the company's independent contractors. The company markets its services through independent commission sales agents and third party capacity providers. Landstar System, Inc. was incorporated in 1991 and is headquartered in Jacksonville, Florida.

#29 - GXO Logistics

NYSE:GXO
Stock Price: $56.50 (+$0.71)
Market Cap: $6.72 billion
P/E Ratio: 33.4
Consensus Rating: Moderate Buy (10 Buy Ratings, 1 Hold Ratings, 0 Sell Ratings)
Consensus Price Target: $69.17 (22.4% Upside)

GXO Logistics, Inc., together with its subsidiaries, provides logistics services worldwide. The company provides warehousing and distribution, order fulfilment, e-commerce, reverse logistics, and other supply chain services. As of December 31, 2022, it operated in approximately 979 facilities. The company serves various customers in the e-commerce, omnichannel retail, technology and consumer electronics, food and beverage, industrial and manufacturing, consumer packaged goods, and others. GXO Logistics, Inc. was incorporated in 2021 and is headquartered in Greenwich, Connecticut.

#30 - Genesee & Wyoming

NYSE:GWR
Stock Price: $111.88
Market Cap: $6.38 billion
P/E Ratio: 29.1
Consensus Rating: N/A (0 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings)
Consensus Price Target: N/A

Genesee & Wyoming Inc. owns and leases freight railroads. It operates through three segments: North American Operations, Australian Operations, and U.K./European Operations. The company transports various commodities, including agricultural products, autos and auto parts, chemicals and plastics, coal and coke, food and kindred products, lumber and forest products, metallic ores, metals, minerals and stone, petroleum products, pulp and paper, waste, and other commodities. It owns or leases 122 freight railroads, including 105 short line railroads and 2 regional freight railroads located in the United States, 8 short line railroads located in Canada, 3 railroads located in Australia, 1 railroad located in the United Kingdom, 1 railroad in Poland and Germany, and 2 railroads in the Netherlands with a total of approximately 16,200 miles of track. The company also operates 6,200 additional miles of track that is owned or leased by others. In addition, it operates deep sea maritime containers and provides bulk haulage, including coal, aggregates, cement, and infrastructure services. Further, the company provides rail service at approximately 40 ports; rail-ferry service in North America, Australia, and Europe; and contract coal loading and railcar switching for industrial customers. Genesee & Wyoming Inc. was founded in 1899 and is headquartered in Darien, Connecticut.

#31 - Avis Budget Group

NASDAQ:CAR
Stock Price: $166.14 (-$0.27)
Market Cap: $6.02 billion
P/E Ratio: 3.6
Consensus Rating: Hold (3 Buy Ratings, 1 Hold Ratings, 1 Sell Ratings)
Consensus Price Target: $222.40 (33.9% Upside)

Avis Budget Group, Inc., together with its subsidiaries, provides car and truck rentals, car sharing, and ancillary products and services to businesses and consumers in the Americas, Europe, the Middle East and Africa, Asia, and Australasia. It operates the Avis brand, that offers vehicle rental and other mobility solutions to the premium commercial and leisure segments of the travel industry; the Budget Truck brand, a local, and one-way truck and cargo van rental businesses with a fleet of approximately 19,000 vehicles, which are rented through a network of approximately 415 dealer-operated and 390 company-operated locations that serve the light commercial and consumer sectors in the continental United States; and the Zipcar brand, a car sharing network. The company also operates various other car rental brands, such as Budget, Payless, Apex, Maggiore, Morini Rent, FranceCars, Amicoblue, Turiscar, and ACL Hire. In addition, it offers optional insurance products and coverages, such as supplemental liability, personal accident, personal effects protection, emergency sickness protection, and automobile towing protection and cargo insurance products; fuel service options, roadside assistance services, electronic toll collection services, curbside delivery, tablet rentals, access to satellite radio, portable navigation units, and child safety seat rentals; automobile towing equipment and other moving accessories, such as hand trucks, furniture pads, and moving supplies; and Business Intelligence solution, an online portal for corporate customers. The company was formerly known as Cendant Corporation and changed its name to Avis Budget Group, Inc. in September 2006. Avis Budget Group, Inc. was founded in 1946 and is headquartered in Parsippany, New Jersey.

#32 - Ryder System

NYSE:R
Stock Price: $116.75 (-$0.21)
Market Cap: $5.17 billion
P/E Ratio: 11.5
Dividend Yield: 2.44%
Consensus Rating: Hold (1 Buy Ratings, 5 Hold Ratings, 0 Sell Ratings)
Consensus Price Target: $110.33 (-5.5% Upside)

Ryder System, Inc. operates as a logistics and transportation company worldwide. It operates through three segments: Fleet Management Solutions (FMS), Supply Chain Solutions (SCS), and Dedicated Transportation Solutions (DTS). The FMS segment offers full-service leasing and leasing with flexible maintenance options; commercial vehicle rental services; and contract or transactional maintenance services of trucks, tractors, and trailers; access to diesel fuel; and fuel planning and tax reporting, cards, and monitoring services, and centralized billing, as well as sells used vehicles through its retail sales centers and www.ryder.com/used-trucks website. The DTS segment offers equipment, maintenance, drivers, administrative, and additional services, as well as routing and scheduling, fleet sizing, safety, regulatory compliance, risk management, and technology and communication systems support services. The SCS segment comprises distribution management services, such as designing and managing customer's distribution network and facilities; coordinating warehousing and transportation for inbound and outbound material flows; handling import and export for international shipments; coordinating just-in-time replenishment of component parts to manufacturing and final assembly; and offering shipments to customer distribution centers or end customer delivery points, as well as other value added services, such as light assembly of components. This segment also offers transportation management and brokerage services, such as shipment optimization, load scheduling, and delivery confirmation services; knowledge-based professional services; and e-commerce and last mile services. The company was founded in 1933 and is headquartered in Miami, Florida.

#33 - Kirby

NYSE:KEX
Stock Price: $84.49 (+$0.17)
Market Cap: $4.99 billion
P/E Ratio: 22.7
Consensus Rating: Buy (3 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings)
Consensus Price Target: $98.33 (16.4% Upside)

Kirby Corporation operates domestic tank barges in the United States. Its Marine Transportation segment provides marine transportation service and towing vessel transporting bulk liquid product, as well as operates tank barge throughout the Mississippi River System, on the Gulf Intracoastal Waterway, coastwise along three United States coasts, and in Alaska and Hawaii. It also transports petrochemicals, black oils, refined petroleum products, and agricultural chemicals by tank barges; and operates offshore dry-bulk barges and tugboat units that are engaged in the offshore transportation of dry-bulk cargos in the United States coastal trade. As of December 31, 2022, it owned and operated 1,037 inland tank barge, approximately 277 inland towboat, 29 coastal tank barge, 27 coastal tugboat, 4 offshore dry-bulk cargo barge, 4 offshore tugboat, and 1 docking tugboat. Its Distribution and Services segment sells after-market service and genuine replacement parts for engines, transmissions, reduction gears, electric motors, drives, and controls, electrical distribution and control systems, energy storage battery systems, and related oilfield service equipment; rebuilds component parts or diesel engines, transmissions and reduction gears, and related equipment used in oilfield services, marine, power generation, on-highway, and other industrial applications; rents generators, industrial compressors, high capacity lift trucks, and refrigeration trailers; and manufactures and remanufactures oilfield service equipment, including pressure pumping units, as well as manufacturers electric power generation equipment, specialized electrical distribution and control equipment, and high capacity energy storage/battery systems. It serves to various companies and the United States government. The company was formerly known as Kirby Exploration Company, Inc. and changed its name to Kirby Corporation in 1990. Kirby Corporation was founded in 1921 and is headquartered in Houston, Texas.

#34 - Frontline

NYSE:FRO
Stock Price: $22.09 (-$0.24)
Market Cap: $4.92 billion
P/E Ratio: 6.3
Dividend Yield: 5.59%
Consensus Rating: Hold (1 Buy Ratings, 2 Hold Ratings, 0 Sell Ratings)
Consensus Price Target: $23.67 (7.2% Upside)

Frontline plc, a shipping company, engages in the seaborne transportation of crude oil and oil products worldwide. It owns and operates oil and product tankers. As of December 31, 2022, the company operated a fleet of 70 vessels. It is also involved in the charter, purchase, and sale of vessels. The company was founded in 1985 and is based in Limassol, Cyprus.

#35 - Alaska Air Group

NYSE:ALK
Stock Price: $36.51 (+$0.91)
Market Cap: $4.68 billion
P/E Ratio: 20.2
Consensus Rating: Moderate Buy (4 Buy Ratings, 4 Hold Ratings, 0 Sell Ratings)
Consensus Price Target: $55.43 (51.8% Upside)

Alaska Air Group, Inc., through its subsidiaries, operated airlines. The company operates through three segments: Mainline, Regional, and Horizon. The company offers scheduled air transportation services on Boeing and Airbus jet aircraft for passengers and cargo throughout the United States, and in parts of Mexico, Costa Rica, and Belize; and for passengers across a shorter distance network within the United States and Canada. Alaska Air Group, Inc. was founded in 1932 and is based in Seattle, Washington.

#36 - Air Lease

NYSE:AL
Stock Price: $41.85 (-$0.71)
Market Cap: $4.65 billion
P/E Ratio: 9.4
Dividend Yield: 1.98%
Consensus Rating: Moderate Buy (5 Buy Ratings, 1 Hold Ratings, 0 Sell Ratings)
Consensus Price Target: $53.17 (27.0% Upside)

Air Lease Corporation, an aircraft leasing company, engages in the purchase and leasing of commercial jet aircraft to airlines worldwide. It also sells aircraft from its fleet to third parties, including other leasing companies, financial services companies, airlines, and other investors. In addition, the company provides fleet management services to investors and owners of aircraft portfolios. As of December 31, 2022, it owned a fleet of 417 aircraft, including 306 narrowbody aircraft and 111 widebody aircraft. The company was incorporated in 2010 and is headquartered in Los Angeles, California.

#37 - GATX

NYSE:GATX
Stock Price: $125.74 (+$1.30)
Market Cap: $4.46 billion
P/E Ratio: 17.6
Dividend Yield: 1.76%
Consensus Rating: Moderate Buy (2 Buy Ratings, 2 Hold Ratings, 0 Sell Ratings)
Consensus Price Target: $134.50 (7.0% Upside)

GATX Corporation, together its subsidiaries, operates as railcar leasing company in the United States, Canada, Mexico, Europe, and India. It operates through three segments: Rail North America, Rail International, and Portfolio Management. The company leases tank and freight railcars, and locomotives for petroleum, chemical, food/agriculture, and transportation industries. It also offers maintenance services, including the interior cleaning of railcars, routine maintenance and repair of car body and safety appliances, regulatory compliance works, wheelset replacements, interior blast and lining, exterior blast and painting, and car stenciling services. In addition, the company manufactures commercial aircraft jet engines and leases aircraft spare engines; and owns and manages tank containers that are leased to chemical, industrial gas, energy, food, cryogenic and pharmaceutical industries, and tank container operators, as well as provides tank container sourcing, remarketing, and inspection and maintenance services. As of December 31, 2022, it owned and operated a fleet of approximately 144,000 railcars; 501 four-axle and 43 six-axle locomotives; and 22,000 tank containers. GATX Corporation was founded in 1898 and is headquartered in Chicago, Illinois.

#38 - Triton International

NYSE:TRTN
Stock Price: $79.55 (-$3.40)
Market Cap: $4.38 billion
P/E Ratio: 7.7
Dividend Yield: 3.52%
Consensus Rating: Hold (0 Buy Ratings, 3 Hold Ratings, 0 Sell Ratings)
Consensus Price Target: $74.00 (-7.0% Upside)

Triton International Limited engages in the acquisition, leasing, re-leasing, and sale of various types of intermodal containers and chassis to shipping lines, and freight forwarding companies and manufacturers. It operates in two segments, Equipment Leasing and Equipment Trading. The company primarily leases dry, refrigerated, special, and tank containers; and chassis used for the transportation of containers, as well as provides maritime container management services. As of December 31, 2022, its total fleet consisted of 4.2 million containers and chassis representing 7.2 million twenty-foot equivalent units or 7.9 million cost equivalent units. The company also purchases containers from container manufacturers, shipping line customers, and other sellers, as well as resells these containers to container retailers and users. It operates in Asia, Europe, the Americas, Bermuda, and internationally. The company was founded in 1980 and is based in Hamilton, Bermuda.

#39 - Schneider National

NYSE:SNDR
Stock Price: $24.23 (+$0.09)
Market Cap: $4.28 billion
P/E Ratio: 18.2
Dividend Yield: 1.49%
Consensus Rating: Hold (6 Buy Ratings, 7 Hold Ratings, 0 Sell Ratings)
Consensus Price Target: $28.79 (18.8% Upside)

Schneider National, Inc., together with its subsidiaries, engages in the provision of surface transportation and logistics solutions in the United States, Canada, and Mexico. The company operates through three segments: Truckload, Intermodal, and Logistics. The Truckload segment offers over the road freight transportation services primarily through dry van, bulk, temperature-controlled, and flat-bed equipment across either network or dedicated configurations. The Intermodal segment provides door-to-door container on flat car services through a combination of rail and dray transportation using company-owned containers, chassis, and trucks. The Logistics segment offers asset-light freight brokerage, supply chain, warehousing, and import/export services to manage and move its customers' freight. It also leases equipment, such as trucks to owner-operators; and provides insurance for the company drivers and owner-operators. The company was founded in 1935 and is headquartered in Green Bay, Wisconsin.

#40 - Herc

NYSE:HRI
Stock Price: $150.51 (+$1.25)
Market Cap: $4.26 billion
P/E Ratio: 12.4
Dividend Yield: 1.71%
Consensus Rating: Reduce (0 Buy Ratings, 2 Hold Ratings, 1 Sell Ratings)
Consensus Price Target: $138.00 (-8.3% Upside)

Herc Holdings Inc., together with its subsidiaries, operates as an equipment rental supplier. It rents aerial, earthmoving, material handling, trucks and trailers, air compressors, compaction, and lighting equipment, as well as generators, and safety supplies and expendables; and provides ProSolutions, an industry specific solution based services, such as pumping solutions, power generation, climate control, remediation and restoration, and studio and production equipment. The company also sells used equipment and contractor supplies, such as construction consumables, tools, small equipment, and safety supplies; provides repair, maintenance, equipment management, and safety training services, as well as offers ancillary services, such as equipment transport, rental protection, cleaning, refueling, and labor. It serves non-residential and residential construction, specialty trade, restoration, remediation and environment, and facility maintenance contractors; industrial manufacturing industries, including automotive and aerospace, power, metals and mining, agriculture, pulp, paper and wood, food and beverage, and refineries and petrochemical industries; infrastructure and government sectors; and commercial and retail service, hospitality, healthcare, recreation, entertainment production, and special event management customers through its sales team, industry catalogs, as well as through participation and sponsorship of industry events, trade shows, and Internet. As of December 31, 2017, it operated approximately 275 locations in the United States, Canada, China, the United Kingdom, Saudi Arabia, and Qatar. Herc Holdings Inc. is based in Bonita Springs, Florida.

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#41 - Matson

NYSE:MATX
Stock Price: $118.68 (+$2.02)
Market Cap: $4.17 billion
P/E Ratio: 13.6
Dividend Yield: 1.12%
Consensus Rating: Hold (1 Buy Ratings, 2 Hold Ratings, 0 Sell Ratings)
Consensus Price Target: $111.33 (-6.2% Upside)

Matson, Inc., together with its subsidiaries, provides ocean transportation and logistics services. The company's Ocean Transportation segment offers ocean freight transportation services to the domestic non-contiguous economies of Hawaii, Alaska, and Guam, as well as to other island economies in Micronesia. It primarily transports dry containers of mixed commodities, refrigerated commodities, foods and beverages, building materials, automobiles, and household goods; livestock; seafood; general sustenance cargo; and garments, footwear, e-commerce, and other retail merchandise. This segment also operates an expedited service from China to Long Beach, California, and various islands in the South Pacific, as well as Okinawa, Japan; and provides stevedoring, refrigerated cargo services, inland transportation, container equipment maintenance, and other terminal services to ocean carriers on the Hawaiian islands of Oahu, Hawaii, Maui, and Kauai, as well as in the Alaska locations of Anchorage, Kodiak, and Dutch Harbor. In addition, the company offers vessel management and container transshipment services. Its Logistics segment provides multimodal transportation brokerage services, including domestic and international rail intermodal, long-haul and regional highway trucking, specialized hauling, flat-bed and project, less-than-truckload, and expedited freight services; less-than-container load consolidation and freight forwarding services; warehousing and distribution services; supply chain management services, and non-vessel operating common carrier freight forwarding services. The company serves the U.S. military, freight forwarders, retailers, consumer goods, automobile manufacturers, and other customers. The company was formerly known as Alexander & Baldwin Holdings, Inc. and changed its name to Matson, Inc. in June 2012. Matson, Inc. was founded in 1882 and is headquartered in Honolulu, Hawaii.

#42 - Joby Aviation

NYSE:JOBY
Stock Price: $5.77 (+$0.12)
Market Cap: $4.00 billion
Consensus Rating: Hold (3 Buy Ratings, 0 Hold Ratings, 2 Sell Ratings)
Consensus Price Target: $7.60 (31.7% Upside)

Joby Aviation, Inc., a vertically integrated air mobility company, engages in building an electric vertical takeoff and landing aircraft optimized to deliver air transportation as a service. The company intends to build an aerial ridesharing service, as well as developing an application-based platform that will enable consumers to book rides. Joby Aviation, Inc. was founded in 2009 and is headquartered in Santa Cruz, California.

#43 - Copa

NYSE:CPA
Stock Price: $100.05 (-$0.83)
Market Cap: $3.94 billion
P/E Ratio: 9.6
Dividend Yield: 3.28%
Consensus Rating: Strong Buy (2 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings)
Consensus Price Target: $142.14 (42.1% Upside)

Copa Holdings, S.A., through its subsidiaries, provides airline passenger and cargo services. The company offers approximately 327 daily scheduled flights to 78 destinations in 32 countries in North, Central, and South America, as well as the Caribbean from its Panama City hub. As of December 31, 2022, it operated a fleet of 97 aircraft comprising 67 Boeing 737-800 Next Generation aircraft, 9 Boeing 737-700 Next Generation aircraft, 1 Boeing 737-800 Boeing Converted Freighter, and 20 737-MAX aircraft. The company was founded in 1947 and is based in Panama City, Panama.

#44 - Scorpio Tankers

NYSE:STNG
Stock Price: $66.07 (-$0.54)
Market Cap: $3.67 billion
P/E Ratio: 5.5
Dividend Yield: 2.14%
Consensus Rating: Moderate Buy (5 Buy Ratings, 1 Hold Ratings, 0 Sell Ratings)
Consensus Price Target: $69.83 (5.7% Upside)

Scorpio Tankers Inc., together with its subsidiaries, engages in the seaborne transportation of refined petroleum products in the shipping markets worldwide. As of March 23, 2023, its fleet consisted of 113 owned, finance leased, or bareboat chartered-in tankers, including 39 LR2, 60 MR, and 14 Handymax with a weighted average age of approximately 7.2 years. The company was incorporated in 2009 and is headquartered in Monaco.

#45 - ArcBest

NASDAQ:ARCB
Stock Price: $139.81 (-$0.50)
Market Cap: $3.31 billion
P/E Ratio: 17.7
Dividend Yield: 0.35%
Consensus Rating: Moderate Buy (8 Buy Ratings, 3 Hold Ratings, 1 Sell Ratings)
Consensus Price Target: $142.33 (1.8% Upside)

ArcBest Corporation provides freight transportation and integrated logistics services. It operates through three segments: Asset-Based, ArcBest, and FleetNet. The Asset-Based segment transports general commodities, such as food, textiles, apparel, furniture, appliances, chemicals, nonbulk petroleum products, rubber, plastics, metal and metal products, wood, glass, automotive parts, machinery, and miscellaneous manufactured products through less-than-truckload services. It also offers motor carrier freight transportation services to customers in Mexico through arrangements with trucking companies. The ArcBest segment provides expedite freight transportation services to commercial and government customers; premium logistics services, such as deployment of specialized equipment to meet linehaul requirements; and international freight transportation with air, ocean, and ground services. It also offers third-party transportation brokerage services by sourcing various capacity solutions, including dry van over-the-road, temperature-controlled and refrigerated, flatbed, intermodal or container shipping, and specialized equipment; full-container and less-than-container load ocean transportation services; warehousing and distribution services; managed transportation services; and moving services to do-it-yourself' consumer, as well as provides final mile, time critical, product launch, retail logistics, supply chain optimization, and trade show shipping services. The FleetNet segment provides roadside repair solutions and vehicle maintenance management services for commercial and private fleets through a network of third-party service providers. The company was formerly known as Arkansas Best Corporation and changed its name to ArcBest Corporation in May 2014. ArcBest Corporation was founded in 1923 and is headquartered in Fort Smith, Arkansas.

#46 - Grupo Aeroportuario del Centro Norte

NASDAQ:OMAB
Stock Price: $76.78 (+$0.87)
Market Cap: $3.30 billion
P/E Ratio: 13.6
Dividend Yield: 4.91%
Consensus Rating: Hold (1 Buy Ratings, 2 Hold Ratings, 1 Sell Ratings)
Consensus Price Target: $94.00 (22.4% Upside)

Grupo Aeroportuario del Centro Norte, S.A.B. de C.V., together with its subsidiaries, holds concessions to develop, operate, and maintain airports in Mexico. The company operates 13 international airports in Monterrey, Acapulco, Mazatlán, Zihuatanejo, Ciudad Juárez, Reynosa, Chihuahua, Culiacán, Durango, San Luis Potosí, Tampico, Torreón, and Zacatecas cities. It also operates the NH Collection Hotel in Terminal 2 of the Mexico City International Airport, and a hotel under the Hilton Garden Inn name at the Monterrey International Airport. In addition, the company provides aeronautical services, which include passenger, aircraft landing and parking, boarding and unloading, passenger walkway, and airport security services. Further, it offers complementary services that comprise leasing of space to airlines, cargo handling, baggage-screening, permanent and non-permanent ground transportation, and access rights services; non-aeronautical services, such as leasing of space at its airports to retailers, restaurants, and other commercial tenants, as well as maintaining of parking facilities and advertising; and diversification services, which consists of operation and lease of the industrial park and real estate services, as well as hotel and air cargo logistics services. Additionally, the company provides construction services. It has a strategic alliance with VYNMSA Desarrollo Inmobiliario, S.A. de C.V. to build and operate an industrial park at the Monterrey airport. The company was founded in 1998 and is headquartered in Mexico City, Mexico.

#47 - Azul

NYSE:AZUL
Stock Price: $7.43 (-$0.45)
Market Cap: $3.13 billion
Consensus Rating: Moderate Buy (4 Buy Ratings, 4 Hold Ratings, 0 Sell Ratings)
Consensus Price Target: $12.40 (67.0% Upside)

Azul S.A., together with its subsidiaries, provides scheduled air transportation services in Brazil. As of December 31, 2022, the company operated approximately 1,000 daily departures to 158 destinations through a network of 300 non-stop routes with an operating fleet of 177 aircraft and a passenger contractual fleet of 194 aircraft. It is also involved in the cargo transportation, loyalty programs, travel packages, funding, logistics solutions, and aircraft financing activities. The company was incorporated in 2008 and is headquartered in Barueri, Brazil.

#48 - Atlas Air Worldwide

NASDAQ:AAWW
Stock Price: $102.48
Market Cap: $2.93 billion
P/E Ratio: 9.7
Consensus Rating: N/A (0 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings)
Consensus Price Target: N/A

Atlas Air Worldwide Holdings, Inc. engages in the provision of outsourced aircraft and aviation operating services. It operates through the Airline Operations and Dry Leasing segments. The Airline Operations segment provides outsourced aircraft operating services to customers, including express delivery providers, e-commerce retailers, the U.S. military, charter brokers, freight forwarders, airlines, manufacturers, sports teams and fans, and private charter customers. The Dry Leasing segment consists of the leasing of cargo and passenger aircraft and engines to customers, and aircraft- and lease-management services. The company was founded by Michael Chowdry in 1993 and is headquartered in Purchase, NY.

#49 - Hub Group

NASDAQ:HUBG
Stock Price: $44.34 (+$0.33)
Market Cap: $2.82 billion
P/E Ratio: 17.0
Consensus Rating: Moderate Buy (5 Buy Ratings, 5 Hold Ratings, 0 Sell Ratings)
Consensus Price Target: $45.10 (1.7% Upside)

Hub Group, Inc., a supply chain solutions provider, offers transportation and logistics management services in North America. The company's transportation services include intermodal, truckload, less-than-truckload, flatbed, temperature-controlled, and dedicated and regional trucking, as well as final mile, railcar, small parcel, and international transportation. Its logistics services comprise full outsource logistics solution, transportation management, freight consolidation, warehousing and fulfillment, final mile delivery, and parcel and international services. The company also provides dry van, expedited, less-than-truckload, refrigerated, and flatbed truck brokerage services. It offers a fleet of approximately 2,300 tractors, 750 independent owner-operators, and 4,600 trailers to its customers, as well as the management and infrastructure. The company serves a range of industries, including retail, consumer products, and durable goods. As of December 31, 2022, it owned approximately 48,000 dry, 53-foot containers, as well as 750 refrigerated, 53-foot containers; and leased approximately 225 dry, 53-foot containers. The company was founded in 1971 and is headquartered in Oak Brook, Illinois.

#50 - Global Business Travel Group

NYSE:GBTG
Stock Price: $5.98 (+$0.27)
Market Cap: $2.79 billion
Consensus Rating: Moderate Buy (3 Buy Ratings, 1 Hold Ratings, 0 Sell Ratings)
Consensus Price Target: $9.00 (50.5% Upside)

Global Business Travel Group, Inc. provides business-to-business (B2B) travel platform in the United States and internationally. The company's platform offers a suite of technology-enabled solutions to business travelers and clients; travel content suppliers including airlines, hotels, ground transportation, and aggregators; and third-party travel agencies. It also provides consulting, and meetings and events planning services. The company is based in New York, New York.

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Transportation Stocks Investing

Written by Jeffrey Neal Johnson

Updated August 28, 2023

Key Points

The transportation sector plays a vital role in the global economy, encompassing several subsectors, including airlines, railroads, shipping and trucking.
Investing in transportation can offer exposure to long-term growth opportunities driven by factors such as globalization, e-commerce and technological advancements.
Factors such as fuel prices, competition and geopolitical events can impact stock performance, while railroads can benefit from economies of scale and high barriers to entry.

From trains and planes to automobiles and ships, the transportation sector is a fundamental part of our daily lives and the global economy. Whether commuting to work, shipping goods across borders or exploring new destinations, transportation is essential to our modern way of life. Have you ever thought about investing in this dynamic and ever-changing transportation industry?

With new technologies, regulatory changes and geopolitical shifts, the transportation sector offers exciting opportunities and challenges for investors. Let's go over the transportation sector, explore the latest trends and innovations and share some keys to investing in this exciting field. Buckle up!

Overview of the Transportation Sector

When investing in a sector, having an overview of the stock sector is a great way to start your investment strategy. The transportation sector is a diverse and multifaceted industry encompassing air, land and sea transportation. Key transportation subsectors include airlines, railroads, trucking and logistics, shipping and ports.

Technology, government regulations, environmental concerns and geopolitical factors also heavily influence the transportation industry. For example, the rise of e-commerce and the increasing demand for faster and more efficient delivery options have led to significant growth in the logistics and shipping sectors. Meanwhile, the push for sustainable and green transportation has driven innovation in electric and hybrid vehicles, renewable fuels and alternative modes such as biking and walking.

Let's delve deeper into the various transportation subsectors and the latest industry trends and developments. We will also discuss what companies are in the transportation field. By understanding the transportation sector dynamics, you can make informed decisions about allocating capital and profit from the growth opportunities and challenges ahead.

What is the transportation sector? Infographic explanation

When Do Transportation Stocks Do Well?

Transportation sector stocks are often seen as a reliable gauge of economic health, as they tend to perform well when the economy is strong. This is because a robust economy usually translates into higher consumer and business spending on transportation, which leads to increased revenues and profits for transportation companies. Conversely, transportation stocks may struggle during economic downturns or recessions when demand for transportation services declines due to reduced consumer and business spending.

However, transportation stocks can affect various factors beyond the broader economic conditions. For example, transportation companies may struggle with rising fuel prices, which can cut profit margins and erode investor confidence. Additionally, external factors such as geopolitical risks, natural disasters and regulatory changes can impact the transportation sector and influence stock prices.

Keep an eye on the macroeconomic landscape and the specific drivers of the transportation industry when evaluating transportation stocks. Identify investment opportunities and avoid risks by staying informed about the latest sector trends and developments.

Investing in the Transportation Sector

Investing in the transportation sector can be an intelligent way to gain exposure to various industries and economic drivers. The transportation industry is vital to the global economy, connecting people, goods and services worldwide. The sector presents numerous investment opportunities for both long-term and short-term investors.

The economic outlook is one key aspect to consider when investing in the transportation sector. As previously discussed, transportation stocks perform well when the broader economy is strong, so investors may want to consider the current economic conditions when evaluating the sector.

Another factor to consider is the specific subsector within the transportation industry that interests you. Each subsector has its unique drivers and challenges, so it's essential to do your research and understand the dynamics of the specific industry. For example, airlines may be impacted by fuel prices, labor costs and demand for air travel, while global trade, supply chain disruptions and geopolitical risks may influence shipping and ports.

Additionally, investors may consider environmental and social factors when evaluating transportation investments. The transportation industry is one of the most significant contributors to greenhouse gas emissions. Companies working towards sustainable and green transportation solutions may be better positioned for long-term growth and profitability. If investing in sustainable green transportation interests you, check out our list of EV stocks on MarketBeat.

When investing in transportation stocks, consider individual companies, ETFs or mutual funds focusing on the transportation sector. Research and evaluate each company's financial health before investing, including revenue growth, profit margins and debt levels.

Transportation Indexes

Transportation indexes are a type of financial instrument that tracks the performance of companies within the transportation industry. These indexes serve as a benchmark for investors who want to compare the performance of their transportation investments against the broader transportation market. Despite over 20 of these indexes, we will briefly explore the top 10 transportation indexes and their characteristics.

Dow Jones Transportation Average

The Dow Jones Transportation Average is among the oldest and most widely recognized transportation indexes. It comprises 20 transportation companies, including airlines, railroads and trucking companies and serves as an indicator of the overall economy's health, as transportation is a crucial component of economic activity. Watch this index to gauge the strength of the transportation sector and the overall economy.

S&P Transportation Select Industry Index

The S&P Transportation Select Industry Index tracks the performance of transportation companies in the S&P 500 index. It includes airlines, railroads, trucking and shipping companies. The index is market-cap weighted, which means that larger companies have a more significant impact on the index's performance. This index is important to watch because it provides a broad view of the transportation sector within the context of the broader stock market.

Nasdaq Transportation Index

The Nasdaq Transportation Index tracks the performance of transportation companies listed on the Nasdaq stock exchange. It includes airlines, railroads, trucking and shipping companies. The index is market-cap weighted, which means that larger companies have a more significant impact on the index's performance. This index is essential to watch for investors interested in the performance of transportation companies listed on the Nasdaq.

NYSE ARCA Airline Index

The NYSE ARCA Airline Index tracks the performance of airline companies listed on the NYSE ARCA Exchange. It includes both domestic and international airlines. The index is equal weighted, which means that each company has an equal impact on the index's performance. This index is essential to watch if you're interested in the airline industry.

CBOE Transportation Index

The CBOE Transportation Index is a volatility index that tracks the implied volatility of options on the Dow Jones Transportation Average. You cna use it to measure investor sentiment and uncertainty in the transportation sector. Watch this index to check the level of volatility in the transportation sector.

Russell 1000 Transportation Index

The Russell 1000 Transportation Index tracks the performance of transportation companies within the Russell 1000 Index, which includes the largest 1,000 publicly traded companies in the United States. The index is market-cap weighted, which means that larger companies have a greater impact on the index's performance. This index is important for learning the performance of large transportation companies in the United States.

Russell 3000 Transportation Index

The Russell 3000 Transportation Index tracks the performance of transportation companies within the Russell 3000 Index, which includes the largest 3000 publicly traded companies in the United States. The index is market-cap weighted, which means that larger companies have a greater impact on the index's performance. This index measures the performance of transportation companies across a broad range of market capitalizations in the United States.

Dow Jones U.S. Airlines Index

The Dow Jones U.S. Airlines Index tracks the performance of domestic airlines listed on the New York Stock Exchange. The index is equal-weighted, which means that each company has an equal impact on the index's performance. This index helps you learn more about the domestic airline industry.

Dow Jones U.S. Railroads Index

The Dow Jones US Railroads Index tracks the performance of railroads listed on the New York Stock Exchange. The index is equal-weighted, which means that each company has an equal impact on the index's performance. This index helps investors interested in the railroad industry.

FTSE Global Equity

The FTSE Global Equity Transportation Index can expose investors to the transportation sector across various companies and geographies. It can also serve as a benchmark for investors looking to evaluate the performance of their transportation-related investments against a broader index.

The transportation sector plays a crucial role in the global economy, and monitoring the performance of transportation sector indexes can provide valuable insights for investors. These indexes can help investors identify trends and opportunities within the sector and evaluate their investments' performance against industry benchmarks.

Keys to Investing in the Transportation Sector

The transportation sector can be lucrative for investors looking to diversify their portfolios or gain exposure to a growing industry. However, like any investment, approach the transportation sector with a clear understanding of its unique characteristics and risks.

Let's discuss critical considerations for investing in the transportation sector, including market trends, company performance and regulatory factors. By understanding these key factors, you can make informed investment decisions and capitalize on the opportunities presented by the transportation sector.

Understand the Industry

The transportation sector is a complex and diverse industry with various sub-sectors, including air, sea and land transportation. Understanding each subsector's dynamics and key players before investing in any transportation company is important — thoroughly research financials, management, competitive position and growth prospects.

Keep an Eye on Economic Indicators

Economic indicators such as GDP, inflation rates and consumer spending can significantly impact the transportation sector. Monitor these indicators to understand the economy's direction and potential industry trends. Consider using economic indicators to help inform your investment decisions.

Monitor Fuel Prices

Fuel prices are a significant variable in the transportation industry, particularly for companies that rely heavily on fuel, such as airlines, shipping companies and trucking companies. Changes in fuel prices can significantly affect the profitability of these companies.

Consider investing in companies with unique strategies or alternative fuel sources to help mitigate the impact of fuel price fluctuations. If investing in alternative fuel sources interests you, a great place to start your research is to learn how to invest in EV charging station stocks.

Pay Attention to Regulations

Regulations, such as those regarding emissions, safety and labor practices, can significantly impact the transportation industry. Regulation changes can increase costs, lower profits and affect the competitiveness of companies in the sector. Stay up to date on regulatory changes and consider how they might impact specific transportation companies.

Watch Industry-Specific News

Staying informed about industry-specific news can help investors identify emerging trends and opportunities. For example, news about technological advancements or changing consumer preferences can signal investment opportunities. Regularly read industry-specific news sources to stay informed about the latest developments and trends.

Diversify Your Portfolio

As with any investment, diversification is key to managing risk when investing in the transportation sector. Investing in various companies and types of stock held in different sub-sectors, such as railroads, airlines and shipping companies, helps investors spread their risk and maximize their returns. Consider investing in transportation ETFs or mutual funds to gain exposure to a diversified range of companies in the sector.

Keep an Eye on Global Events

The transportation sector is a global industry, and events in different parts of the world can significantly impact it. For example, geopolitical events like trade disputes, natural disasters or pandemics can disrupt supply chains and impact the profitability of transportation companies. Stay informed about global events that might affect the transportation sector and consider the potential impacts on specific companies before making investment decisions.

Are Transportation Stocks a Good Investment?

The transportation sector is a vital component of the global economy, and its performance is closely tied to economic activity. As discussed, investing in the transportation sector can offer investors growth and diversification opportunities. So let's discuss whether transportation stocks are a good investment and explore the options for investors, including individual stocks and exchange-traded funds (ETFs).

Top Transportation Stocks and ETFs List

The transportation sector includes various industries, from airlines and railroads to trucking and shipping companies. Various individual stocks and exchange-traded funds (ETFs) are available for investors interested in this sector. This list will highlight some of the top transportation stocks and ETFs to consider for investment. It's important to remember that this list is not exhaustive.

Stocks

Investing in individual stocks can be a great way to gain exposure to specific companies in the transportation sector. While there is no guarantee of a positive return on investment, investing in stocks allows investors to benefit from the growth and success of individual companies potentially. Let's review a list of some of the top transportation stocks you might consider for investment purposes. It's important to remember that this list is not exhaustive, and investors should always conduct their research before making any investment decisions.

Delta Air Lines Inc.

Delta Air Lines Inc. (NYSE: DAL) is one of the largest airlines in the world, serving more than 325 destinations in over 50 countries. It has a strong balance sheet and is known for its customer service, making it a popular choice for airline investors.

Union Pacific Corporation

Union Pacific Corporation (NYSE: UNP) is a railroad company that operates in 23 states in the western United States. It is known for its efficient operations and high profit margins, making it a strong choice for railroad investors.

FedEx Corporation

FedEx Corporation (NYSE: FDX) is a shipping company that operates in over 220 countries and territories worldwide. It has a strong brand reputation and has benefited from the growth of e-commerce, making it a popular choice for investors in the shipping industry.

Landstar System Inc.

Landstar System Inc. (NASDAQ: LSTR) is a transportation and logistics company specializing in trucking. It operates as a non-asset-based carrier, which means it contracts with independent owner-operators and smaller trucking companies to provide its services. This unique business model has allowed it to maintain strong profit margins and grow its market share.

Old Dominion Freight Line Inc.

Old Dominion Freight Line Inc. (NASDAQ: ODFL) is a trucking company specializing in less-than-truckload (LTL) shipping. It has a reputation for providing high-quality service and has consistently outperformed its peers regarding revenue growth and profit margins. Its focus on LTL shipping has also helped it weather economic downturns, making it a reliable choice for trucking investors.

Investing in individual stocks in the transportation sector can help gain exposure to specific companies and benefit from growth and success. The list of top transportation stocks we've provided is a starting point, and many other companies in the sector may be worth considering.

ETFs

Exchange-traded funds (ETFs) are investment vehicles that track the performance of an underlying index or group of assets, offering investors an opportunity to invest in a diversified portfolio of stocks, bonds, or commodities with lower fees than traditional mutual funds. Investing in ETFs in the transportation sector can provide a convenient way for investors to gain industry exposure without buying individual stocks. ETFs can offer investors instant diversification, lower costs and greater flexibility in buying and selling. Let's discuss some top transportation sector ETFs that investors may want to consider adding to their portfolios.

iShares Transportation Average ETF

iShares Transportation Average ETF (BATS: IYT) tracks the performance of the Dow Jones Transportation Average, which includes companies in the railroad, airline, trucking and delivery services industries. It is one of the largest and most widely traded transportation sector ETFs, and its holdings are weighted by market capitalization.

SPDR S&P Transportation ETF

SPDR S&P Transportation ETF (NYSEARCA: XTN) tracks the performance of the S&P Transportation Select Industry Index, which includes companies in the airline, railroad, trucking and marine transportation industries. Unlike IYT, XTN uses an equal-weighted approach to its holdings, which means that each company has an equal impact on the index's performance.

First Trust Nasdaq Transportation ETF

First Trust Nasdaq Transportation ETF (NYSEARCA: FTXR) tracks the performance of the Nasdaq US Smart Transportation Index, which uses a proprietary algorithm to identify companies with exposure to the transportation sector. The index includes airline, railroad, trucking and logistics companies.

Global X U.S. Infrastructure Development ETF

While not a pure transportation sector ETF, Global X U.S. Infrastructure Development ETF (NASDAQ: PAVE) includes a significant allocation to transportation infrastructure, such as highways, airports and railroads. It tracks the performance of the Indxx U.S. Infrastructure Development Index, which includes companies in the construction, engineering and infrastructure industries.

iShares Global Infrastructure ETF

Similar to Global X U.S. Infrastructure Development ETF (NASDAQ: PAVE), iShares Global Infrastructure ETF (NASDAQ: IGF) is not a pure transportation sector ETF but includes a significant allocation to transportation infrastructure. It tracks the performance of the S&P Global Infrastructure Index, which includes companies in the transportation, energy and communication infrastructure industries, among others.

Each ETF offers exposure to the transportation sector but differs in its underlying index, weighting methodology and sector focus. Consider factors such as the ETF's expense ratio, liquidity and diversification and the specific sector exposure offered by the ETF.

Full Speed Ahead: Navigate the Transportation Sector

The transportation sector is an essential part of the global economy and offers various investment opportunities for those interested in the industry.

Conduct thorough research and execute due diligence before making any investment decisions, whether investing in individual stocks or ETFs. Additionally, keeping an eye on trends and developments in the sector can provide valuable insights for investors. With careful consideration and a long-term investment strategy, the transportation sector can be a lucrative addition to any investment portfolio.

FAQs

Let's cover some frequently asked questions about the transportation sector. Whether new to investing in this sector or looking to expand your knowledge, these questions and answers will help you better understand the industry and its potential as an investment opportunity. From the primary sectors of transportation to the profitability of the sector, we've got you covered.

What are the three primary sectors of transportation?

The three primary sectors are air, land and water. Air transportation refers to the movement of people and goods by aircraft. Land transportation involves using cars and buses to move people and goods on land. Water transportation refers to moving people and goods by ships and boats.

What are the four major transportation services?

The four major transportation services are passenger, freight, logistics and auxiliary. Passenger transportation refers to the movement of people from one place to another, while freight transportation involves the movement of goods. Logistics refers to the management of the transportation process, including planning, execution and control. Auxiliary services include maintenance, repair and support for transportation vehicles and infrastructure.

Is transportation a good sector?

Investing in the transportation sector can be a good idea for investors looking for exposure to a potentially profitable and diverse industry. However, as with any investment, there are risks, including economic downturns, competition and regulatory changes. It's essential to conduct thorough research and consult with a financial advisor before making any investment decisions.

About Jeffrey Neal Johnson

jeffrey.neal.johnson@gmail.com

Contributing Author

Retail and Technology Stocks

Experience

Jeffrey Neal Johnson has been a contributing writer for MarketBeat since 2023.

Areas of Expertise

Technology, cryptocurrency, biotechnology, defense sector, automotive industry, hospitality sector

Education

Associate of Arts in Business Development

Past Experience

Strategic business development and ventures

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