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9 shipping stocks to watch
Ready to invest in the freight industry? Learn how to invest in shipping stocks in just a few steps.
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.
9 popular shipping stocks to watch
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 stocks.
- Expeditors International of Washington (EXPD)
- FedEx Corporation (FDX)
- CH Robinson Worldwide (CHRW)
- Hub Group (HUBG)
- United Parcel Service (UPS)
- XPO Logistics (XPO)
- Radiant Logistics (RLGT)
- Teekay Tankers (TNK)
- Euronav (EURN)
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The shipping stocks industry is affected by a range of complex factors such as trade policies, regulations, and fluctuating supply and demand. So when considering shipping stocks to buy, it's important that you have access to vital information about a company's financial health, leadership team, and market positioning.
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Free trades for young investors
- Easy-to-use platform
- Low fees
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How to invest in shipping stocks
- Choose an online stock trading platform. Choose from our Top Picks above, use our comparison table below or jump straight to the best stock trading apps in Canada.
- Sign up for an account. Provide your personal information and sign up.
- Set up a funding method to pay for the transaction. Deposit funds into your account by linking your banking information.
- Choose the stocks you want to buy. Search for the stock by name or ticker symbol like EXPD or FDX.
- Place your order. Buy the stock. It's that simple.
Learn more about popular 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 worldwide. 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, import, 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: $120.90
- Market capitalization: $16,161,894,400
- 1 year performance: -1.13%
- P/E ratio: 22.7365
2. FedEx Corporation (FDX)
FedEx Corporation provides transportation, e-commerce, and business services in the United States and internationally. It operates through FedEx Express, FedEx Ground, FedEx Freight, and FedEx Services segments. The FedEx Express segment offers express transportation, small-package ground delivery, and freight transportation services; and time-critical transportation services.
- Previous close price: $260.29
- Market capitalization: $64,160,698,368
- 1 year performance: 14.98%
- P/E ratio: 15.0363
3. CH Robinson Worldwide (CHRW)
C. H. Robinson Worldwide, Inc.
- Previous close price: $78.75
- Market capitalization: $9,395,814,400
- 1 year performance: -23.35%
- P/E ratio: 31.9685
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: $42.93
- Market capitalization: $2,655,444,736
- 1 year performance: -40.82%
- P/E ratio: 20.066
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: $146.67
- Market capitalization: $124,489,752,576
- 1 year performance: -15.36%
- P/E ratio: 21.0867
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: $110.73
- Market capitalization: $13,090,502,656
- 1 year performance: 141.08%
- P/E ratio: 69.4815
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. The company offers domestic, international air, and ocean freight forwarding services; and freight brokerage services, including truckload and intermodal services.
- Previous close price: $5.10
- Market capitalization: $241,653,456
- 1 year performance: -19.81%
- P/E ratio: 23.4091
8. Teekay Tankers (TNK)
Teekay Tankers Ltd. provides crude oil and other marine transportation services to oil industries in Bermuda and internationally. The company offers voyage and time charter services; offshore ship-to-ship transfer services of commodities primarily crude oil and refined oil products; and tanker commercial and technical management services.
- Previous close price: $60.27
- Market capitalization: $2,065,051,264
- 1 year performance: 55.50%
- P/E ratio: 4.0471
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: $16.91
- Market capitalization: $3,282,247,936
- 1 year performance: 3.74%
- P/E ratio: 3.9764
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.
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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. If you're new to investing or if it's been a while since you've taken a critical look at your investment accounts, compare brokers to make sure you're getting the best trading features for your needs.
Related How to buy stocks in Canada
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.
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