Considering investing in shipping stocks? While the best shipping stocks depend on your portfolio and investment goals, we've identified some shipping stocks that are worth keeping an eye on in the freight sector. Keep reading to learn more about shipping stocks and how to start investing.
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.
| Best stock | 1-year return | Market cap | Exchange | Volume | Buy now on CIBC Investor's Edge |
|---|---|---|---|---|---|
| Expeditors International of Washington (EXPD.US) | 16.74% | $18.4 billion | NASDAQ | 986,464 | Buy now |
| FedEx Corporation (FDX.US) | -8.28% | $61.8 billion | NYSE | 3,516,564 | Buy now |
| CH Robinson Worldwide (CHRW.US) | 34.94% | $17.7 billion | NASDAQ | 2,171,787 | Buy now |
| Hub Group (HUBG.US) | -28.93% | $2.2 billion | NASDAQ | 603,938 | Buy now |
| United Parcel Service (UPS.US) | -28.04% | $81.4 billion | NYSE | 6,859,233 | Buy now |
| XPO Logistics (XPO.US) | -7.52% | $16.5 billion | NYSE | 936,577 | Buy now |
| Radiant Logistics (RLGT.US) | -12.05% | $288.6 million | NYSE MKT | 272,103 | Buy now |
| Teekay Tankers (TNK.US) | 38.31% | $2.1 billion | NYSE | 480,255 | Buy now |
| Euronav (EURN.US) | (data unavailable) | (data unavailable) | NYSE | (data unavailable) | Buy now |
What to look for when investing in shipping stock
The freight 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.
Also keep in mind that, while volatility can be ideal for day traders, long-term investors will want to look for stocks to offer steadier gains over time.
How to invest in shipping stock
- Research the freight industry. Before investing, learn about the shipping stock sector, its trends and the companies within it. Look at each company's financial health, potential for growth and past performance to identify stocks that fit your investment goals.
- Choose a stock trading platform. Compare trading fees, access to trading tools and user interface options. We've identified reliable trading platforms to help narrow down your options below or check out the best stock trading apps in Canada to find one that suits your needs.
- Open and fund your account. Sign up with your personal details and link a bank account or funding method to deposit money before you start trading.
- Select the shipping stock(s) to buy. Search by company name or ticker symbol, like EXPD or FDX. Compare key metrics such as market cap, price history and earnings per share to pick the best stock for your strategy.
- Buy the stock and monitor performance. Place your order to buy the stock and track its performance over time. Consider setting alerts, signing up for industry newsletters or using platform research tools to stay up to date on market changes.
Our top picks for where to buy shipping stocks
Are shipping stocks a good investment?
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.What are the best shipping stocks?
A lot of factors go into picking the best shipping stocks. Stock performance can be impacted by factors like market conditions, company decisions and global events. Plus, what may be a strong shipping stock investment for one person might not be suitable for another.
That said, we rounded up this list of popular shipping stocks in or related to the freight industry to help narrow down your options:
- Expeditors International of Washington
- FedEx Corporation
- CH Robinson Worldwide
- Hub Group
- United Parcel Service
- XPO Logistics
- Radiant Logistics
- Teekay Tankers
- Euronav
Keep in mind that this is not a "best" list or a recommendation. It highlights some shipping stocks for informational purposes only and does not indicate past or future performance or investment advice. We do not guarantee any investment performance.
We've outlined detailed company and stock performance details for each shipping stock below. Keep reading to decide if any of these companies are the right investment for you.
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, and MAIR. 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 and other services, 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 logistics solutions.
| Closing stock price | $139.51 |
|---|---|
| Market Capitalization | $18.4 billion |
| Gross profit (TTM) | $1.5 billion |
| Profit margin | 7.57% |
| Revenue (TTM) | $11.3 billion |
| Earnings per share (TTM) | $6.14 |
| 52-week stock price range | $99.78 – $136.18 |
FedEx Corporation (FDX)
FedEx Corporation, together with its subsidiaries, provides transportation, e-commerce, and business services in the United States and internationally. It operates through Federal Express and FedEx Freight segments. The company offers transportation services, including express, freight, less-than-truckload freight, and time-specific freight-shipping; and small-package ground delivery services.
| Closing stock price | $267.72 |
|---|---|
| Market Capitalization | $61.8 billion |
| Gross profit (TTM) | $24.3 billion |
| Profit margin | 4.65% |
| Revenue (TTM) | $88.6 billion |
| Earnings per share (TTM) | $17.06 |
| 52-week stock price range | $191.82 – $301.45 |
CH Robinson Worldwide (CHRW)
C. H. Robinson Worldwide, Inc.
| Closing stock price | $150.70 |
|---|---|
| Market Capitalization | $17.7 billion |
| Gross profit (TTM) | $1.4 billion |
| Profit margin | 3.64% |
| Revenue (TTM) | $16.5 billion |
| Earnings per share (TTM) | $4.95 |
| 52-week stock price range | $83.72 – $158.70 |
Hub Group (HUBG)
Hub Group, Inc. , a supply chain solutions provider, offers transportation and logistics management services in North America. It operates in two segments, Intermodal and Transportation Solutions (ITS), and Logistics.
| Closing stock price | $35.64 |
|---|---|
| Market Capitalization | $2.2 billion |
| Gross profit (TTM) | $424.3 million |
| Profit margin | 2.82% |
| Revenue (TTM) | $3.7 billion |
| Earnings per share (TTM) | $1.74 |
| 52-week stock price range | $30.53 – $52.53 |
United Parcel Service (UPS)
United Parcel Service, Inc. , a package delivery and logistics provider, offers transportation and delivery services. It operates through two segments, U.
| Closing stock price | $95.03 |
|---|---|
| Market Capitalization | $81.4 billion |
| Gross profit (TTM) | $19.4 billion |
| Profit margin | 6.15% |
| Revenue (TTM) | $89.5 billion |
| Earnings per share (TTM) | $6.47 |
| 52-week stock price range | $82.00 – $132.01 |
XPO Logistics (XPO)
XPO, Inc. , together with its subsidiaries, provides freight transportation services in the United States, North America, France, the United Kingdom, and rest of Europe. The company operates in two segments, North American Less-Than-Truckload (LTL) and European Transportation.
| Closing stock price | $138.27 |
|---|---|
| Market Capitalization | $16.5 billion |
| Gross profit (TTM) | $1.4 billion |
| Profit margin | 4.11% |
| Revenue (TTM) | $8.1 billion |
| Earnings per share (TTM) | $2.77 |
| 52-week stock price range | $85.06 – $161.00 |
Radiant Logistics (RLGT)
Radiant Logistics, Inc. , operates as a third-party logistics company, provides technology-enabled global transportation and value-added logistics services in the United States and Canada. The company offers domestic and international freight forwarding, and freight brokerage services, including air, ocean, truckload, less-than-truckload, and intermodal.
| Closing stock price | $6.06 |
|---|---|
| Market Capitalization | $288.6 million |
| Gross profit (TTM) | $157.9 million |
| Profit margin | 1.92% |
| Revenue (TTM) | $902.7 million |
| Earnings per share (TTM) | $0.35 |
| 52-week stock price range | $5.44 – $7.94 |
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; offshore ship-to-ship transfer of commodities primarily crude oil and refined oil products; and tanker commercial and technical management services.
| Closing stock price | $60.94 |
|---|---|
| Market Capitalization | $2.1 billion |
| Gross profit (TTM) | $307.4 million |
| Profit margin | 32.87% |
| Revenue (TTM) | $951.9 million |
| Earnings per share (TTM) | $9.01 |
| 52-week stock price range | $32.32 – $61.63 |
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.
Compare trading platforms to buy shipping stock
Compare special offers, low fees and a wide range of investment options among popular trading platforms in Canada. Note that the dollar amounts in the table below are in CAD.
Finder Score for stock trading platforms
To make comparing even easier we came up with the Finder Score. Trading costs, account fees and features across 10+ stock trading platforms and apps are all weighted and scaled to produce a score out of 10. The higher the score, the better the platform—it's that simple.
Bottom line
If you're considering adding shipping stocks to your portfolio, make sure you thoroughly look into any companies before investing to help mitigate risk. We've compiled a list of shipping stocks to help narrow down your options. Then choose a legitimate stock trading platform to start investing. After that it comes down to monitoring the freight industry to know when to buy, sell or hold.Frequently asked questions about shipping stocks
Sources
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