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President Biden’s $1.2 trillion infrastructure spending is expected to rescue the country’s ailing transportation systems, which has fostered a positive outlook on the trucking industry. With trucks predicted to be the predominant freight carriers in the future, the U.S. Department of Transportation’s Bureau of Transportation Statistics and Federal Highway Administration recently estimated that U.S. freight activity would surge by 50% in tonnage to 28.7 billion tons between 2020 – 2050.
Given this backdrop, we think it could be wise to bet on fundamentally strong trucking stocks TFI International Inc. (TFII), Schneider National, Inc. (SNDR), ArcBest Corporation (ARCB), and Marten Transport, Ltd. (MRTN).
