4 Under the Radar Logistics Stocks to Consider Adding to Your Portfolio

Stock Markets16 minutes ago (Sep 23, 2021 11:31AM ET)

(C) Reuters. 4 Under the Radar Logistics Stocks to Consider Adding to Your Portfolio

A greater reliance on deliveries for essential and non-essential goods, a rise in international trade-related agreements, and advancement in transportation applications have been driving the logistics services industry’s growth. Therefore, we believe fundamentally sound logistics stocks Forward Air (NASDAQ:FWRD), Echo Global Logistics (NASDAQ:ECHO), Covenant Logistics (CVLG), and Radiant Logistics (NYSE:RLGT) are well-positioned to benefit. Let’s discuss.
The COVID-19 pandemic severely impacted the logistics industry due to unprecedented supply chain disruptions and factory closures. But with the rapid rollout of vaccines and an uptick in distribution activities as supply chains began to recover slowly, the logistics market has righted itself and is able to meet the massive spike in demand. In addition, because stay-at-home consumers have warmed to purchasing electronics, home appliances, and essential goods through e-commerce websites, online delivery services have gotten a boost.

The logistics market is expected to reach $77.28 billion by 2025, registering a 2% CAGR. Furthermore, increasing international trade agreements, growing inbound and outbound transportation, and efficient inventory management are expected to propel the demand for the industry’s services.

Thus, we think it could be wise to bet now on prominent Logistics stocks Forward Air Corporation (FWRD), Echo Global Logistics, Inc. (ECHO), Covenant Logistics Group, Inc. (CVLG), and Radiant Logistics, Inc. (RLGT). These names are expected to deliver substantial returns in the near term based on their solid growth potential and diverse portfolios.

Continue reading on StockNews

4 Under the Radar Logistics Stocks to Consider Adding to Your Portfolio

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

More from author

Subscribe

Related posts

Latest posts

U.S. surgeons successfully test pig kidney transplant in human patient

Stock Markets9 minutes ago (Oct 19, 2021 07:11PM ET) (C) Reuters. By Nancy Lapid NEW YORK (Reuters) - For the first time, a pig kidney...

Haiti gang seeks $1 million per person for kidnapped missionaries

World29 minutes ago (Oct 19, 2021 06:50PM ET) (C) Reuters. An entrance to the Christian Aid Ministries compound is seen after the abduction of a...

U.S. House committee nears contempt vote on Trump aide Bannon

World18 minutes ago (Oct 19, 2021 07:01PM ET) (C) Reuters. FILE PHOTO: Former White House Chief Strategist Steve Bannon exits the Manhattan Federal Court, following...

Categories

Want to stay up to date with the latest news?

We would love to hear from you! Please fill in your details and we will stay in touch. It's that simple!