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Shipping stocks

Ready to invest in the freight industry? Consider these 9 stocks.

The best shipping stocks depend on your portfolio and investment goals — while volatility can be ideal for day traders, long-term investors will want to look to stocks with steadier gains over time.

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Our picks for the best shipping stocks

We round up a selection of stocks in or related to the freight industry, weighting the list more heavily towards popular mid- and large-cap US stocks.

1. Expeditors International of Washington (EXPD)

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.

  • Previous close price: $115.51
  • Market capitalization: $17,649,004,544
  • 1 year performance: 4.39%
  • P/E ratio: 15.0796
Buy EXPD stock on National Bank Direct Brokerage

2. FedEx Corporation (FDX)

FedEx Corporation provides transportation, e-commerce, and business services in the United States and internationally. The company's FedEx Express segment offers express transportation, small-package ground delivery, and freight transportation services; time-critical transportation services; and cross-border enablement, technology, and e-commerce transportation solutions. Its FedEx Ground segment provides day-certain delivery services to businesses and residences.

  • Previous close price: $224.15
  • Market capitalization: $56,966,418,432
  • 1 year performance: 5.59%
  • P/E ratio: 19.5043
Buy FDX stock on National Bank Direct Brokerage

3. CH Robinson Worldwide (CHRW)

C. H. Robinson Worldwide, Inc.

  • Previous close price: $97.54
  • Market capitalization: $11,357,460,480
  • 1 year performance: -8.14%
  • P/E ratio: 15.458
Buy CHRW stock on National Bank Direct Brokerage

4. Hub Group (HUBG)

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.

  • Previous close price: $65.87
  • Market capitalization: $2,481,150,720
  • 1 year performance: N/A
  • P/E ratio: 7.3373
Buy HUBG stock on National Bank Direct Brokerage

5. United Parcel Service (UPS)

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.

  • Previous close price: $171.57
  • Market capitalization: $147,359,072,256
  • 1 year performance: 2.50%
  • P/E ratio: 13.8923
Buy UPS stock on National Bank Direct Brokerage

6. XPO Logistics (XPO)

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.

  • Previous close price: $48.35
  • Market capitalization: $5,601,686,016
  • 1 year performance: N/A
  • P/E ratio: 32.8912
Buy XPO stock on National Bank Direct Brokerage

7. Radiant Logistics (RLGT)

Radiant Logistics, Inc. , a third-party logistics company, provides technology-enabled global transportation and value-added logistics solutions primarily in the United States and Canada. It offers domestic, international air, and ocean freight forwarding services; and freight brokerage services, including truckload and intermodal services.

  • Previous close price: $6.60
  • Market capitalization: $297,849,568
  • 1 year performance: -0.48%
  • P/E ratio: 9.2059
Buy RLGT stock on National Bank Direct Brokerage

8. Teekay Tankers (TNK)

Teekay Tankers Ltd. provides marine transportation services to oil industries in Bermuda and internationally. The company offers voyage and time charter services; and offshore ship-to-ship transfer services of commodities primarily crude oil and refined oil products, as well as liquid gases and various other products.

  • Previous close price: $13.54
  • Market capitalization: $1,330,853,120
  • 1 year performance: 145.86%
  • P/E ratio: 3.2686
Buy TNK stock on National Bank Direct Brokerage

9. Euronav (EURN)

Euronav NV, together with its subsidiaries, engages in the transportation and storage of crude oil worldwide. The company offers floating, storage, and offloading (FSO) services. It also owns and operates a fleet of vessels.

  • Previous close price: $9.53
  • Market capitalization: $3,198,276,352
  • 1 year performance: 51.10%
  • P/E ratio: 7.5476
Buy EURN stock on National Bank Direct Brokerage

How to buy shipping stocks

With an online trading account, you can buy shipping stocks in a few simple steps:
  1. Compare online trading platforms. If you're a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Use our comparison table to narrow down top brokers by fees and bonuses.
  2. Open and fund your account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
  3. Search for the stock you're interested in. Find the stock by name or ticker symbol, like EXPD or FDX. Research its history to confirm it's a solid investment against your financial goals.
  4. Decide on how many to buy. Weigh your budget against a diversified portfolio that can minimize risk through the market's ups and downs. You may be able to buy fractional shares, depending on your broker.
  5. Buy the stock. Congratulations, you own a part of a shipping company. Optimize your portfolio by tracking how your stock — and even the sector as a whole — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

Buy shipping stocks from these online trading platforms

Compare special offers, low fees and a wide range of investment options among top trading platforms.

Note: The dollar amounts in the table below are in Canadian dollars.

1 - 5 of 5
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Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.

Bottom line

While it's possible to turn a profit investing in shipping stocks, keep in mind that — like any investment — shipping stocks are not immune to risk. These stocks are subject to fluctuating conditions — both in the market and in the freight industry, so carefully vet your picks before you invest. And if you're new to investing, or if it's been awhile since you've taken a critical look at your investing accounts, compare brokers to make sure you're getting the best features in your trading account.

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