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According to an eMarketer report, U.S. consumers will spend $933.30 billion on e-commerce in 2021, up 17.9% year-over-year. This increased spending suggests that freight and logistics companies will play a massive role in ensuring the seamless delivery of goods. Furthermore, investors’ interest in the sector is evident in the SPDR S&P Transportation ETF’s (XTN) 31.7% gains over the past year.
Given this backdrop, we think it could be wise to scoop up the shares of fundamentally sound freight and logistics stocks Expeditors International (NASDAQ:EXPD) of Washington, Inc. (EXPD), J.B. Hunt Transport Services, Inc. (JBHT), Forward Air Corporation (FWRD), and Radiant Logistics, Inc. (RLGT). They are each expected to generate significant returns in the coming months.
