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Furthermore, despite being hit by the COVID-19 pandemic, the global transportation industry is expected to grow at a 3.4% rate through 2027. Also, contract truckload volumes increased 3% year-over-year this month, while spot market volumes were approximately 120% higher.
Given this backdrop, we think it could be wise to bet on fundamentally strong trucking stocks Ryder System, Inc. (R), ArcBest Corporation (ARCB), and Daseke, Inc. (DSKE).
