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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.
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 on Questrade |
|---|---|---|---|---|---|
| Expeditors International of Washington (EXPD.US) | 43.34% | $25.6 billion (USD) | NYSE | 2,575,200 | Buy now |
| FedEx Corporation (FDX.US) | 28.62% | $74.5 billion (USD) | NYSE | 2,415,084 | Buy now |
| CH Robinson Worldwide (CHRW.US) | -12.60% | $14.9 billion (USD) | NASDAQ | 1,522,367 | Buy now |
| Hub Group (HUBG.US) | -24.52% | $1.6 billion (USD) | NASDAQ | 609,465 | Buy now |
| United Parcel Service (UPS.US) | 23.03% | $93.3 billion (USD) | NYSE | 7,868,557 | Buy now |
| XPO Logistics (XPO.US) | 35.94% | $21.3 billion (USD) | NYSE | 1,550,598 | Buy now |
| Radiant Logistics (RLGT.US) | 46.69% | $439.7 million (USD) | AMEX | 78,403 | Buy now |
| Teekay Tankers (TNK.US) | 65.95% | $3.5 billion (USD) | NYSE | 231,001 | Buy now |
| TFI International (TFII.TO) | 13.52% | $10.7 billion (CAD) | Toronto Stock Exchange | 557,681 | Buy now |
| Canadian National Railway (CNR.TO) | 36.35% | $105.1 billion (CAD) | Toronto Stock Exchange | 2,240,311 | Buy now |
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.
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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:
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, Inc., together with its subsidiaries, provides logistics services in the Americas, North Asia, South Asia, Europe, and 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 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.
It also provides optimization, trade compliance consulting, cargo insurance, cargo security, and solutions.
| Closing stock price | $197.69 |
|---|---|
| Market Capitalization | $25.6 billion |
| Gross profit (TTM) | $1.6 billion |
| Profit margin | 7.63% |
| Revenue (TTM) | $12 billion |
| Earnings per share (TTM) | $6.87 |
| 52-week stock price range | $117.71 – $200.66 |
FedEx Corporation, together with its subsidiaries, provides transportation, e-commerce, and business services in the United States and internationally. The company operates through two segments, Express U.S. Domestic and Express International.
It provides e-commerce and digital solutions; dataworks; printing and shipping management, including digital printing, professional finishing, document creation, design solutions, direct mail, signs and graphics, custom-branded boxes, copying, computer rental, Wi-Fi, corporate print solutions, shredding, U.S. passport processing and renewal, and digital notarization; packing services, as well as packing supplies and boxes; document and business services; and retail access for package transportation.
| Closing stock price | $329.40 |
|---|---|
| Market Capitalization | $74.5 billion |
| Gross profit (TTM) | $25.9 billion |
| Profit margin | 4.68% |
| Revenue (TTM) | $94.7 billion |
| Earnings per share (TTM) | $18.55 |
| 52-week stock price range | $198.29 – $342.73 |
C. H.
Robinson Worldwide, Inc., together with its subsidiaries, provides freight transportation and related logistics and supply chain services in the United States and internationally.
| Closing stock price | $133.84 |
|---|---|
| Market Capitalization | $14.9 billion |
| Gross profit (TTM) | $1.5 billion |
| Profit margin | 3.67% |
| Revenue (TTM) | $18.2 billion |
| Earnings per share (TTM) | $5.57 |
| 52-week stock price range | $122.21 – $209.43 |
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.
The ITS segment offers intermodal and dedicated trucking services, including freight transportation, truckload, less-than-truckload, flatbed, temperature-controlled, and dedicated and regional trucking services.
| Closing stock price | $26.96 |
|---|---|
| Market Capitalization | $1.6 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 | $24.98 – $52.71 |
United Parcel Service, Inc., a package delivery and logistics provider, offers transportation and delivery services. It operates through two segments, U.S. Domestic Package and International Package.
The U.S. Domestic Package segment offers time-definite delivery services for express letters, documents, packages and palletized freight through air and ground services.
| Closing stock price | $114.31 |
|---|---|
| Market Capitalization | $93.3 billion |
| Gross profit (TTM) | $19.5 billion |
| Profit margin | 4.84% |
| Revenue (TTM) | $91.4 billion |
| Earnings per share (TTM) | $5.38 |
| 52-week stock price range | $85.48 – $116.86 |
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.
The North American LTL segment provides shippers with geographic density and day-definite domestic and cross-border services to the U.S., Mexico, Canada, and the Caribbean.
| Closing stock price | $188.06 |
|---|---|
| Market Capitalization | $21.3 billion |
| Gross profit (TTM) | $1.6 billion |
| Profit margin | 4.71% |
| Revenue (TTM) | $8.6 billion |
| Earnings per share (TTM) | $3.40 |
| 52-week stock price range | $124.82 – $232.05 |
Radiant Logistics, Inc., operates as a third-party logistics company, provides technology-enabled global transportation and value-added logistics services in the United States, Canada, and Mexico. The company offers domestic and international air and ocean freight forwarding, and freight brokerage services, including truckload, less-than-truckload (LTL), and intermodal.
It also provides other value-added logistics services including materials management and distribution, customs house brokerage, global trade management, and related technology services, as well as arranging shipments, and heavyweight and small package air services.
| Closing stock price | $9.08 |
|---|---|
| Market Capitalization | $439.7 million |
| Gross profit (TTM) | $157.5 million |
| Profit margin | 2.01% |
| Revenue (TTM) | $934.4 million |
| Earnings per share (TTM) | $0.38 |
| 52-week stock price range | $5.86 – $10.20 |
Teekay Tankers Ltd., together with its subsidiaries, provides marine transportation services to oil industries in Bermuda and internationally. The company operates in two segments: Tankers and Marine Servies.
It 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 | $101.23 |
|---|---|
| Market Capitalization | $3.5 billion |
| Gross profit (TTM) | $580.3 million |
| Profit margin | 51.35% |
| Revenue (TTM) | $1.2 billion |
| Earnings per share (TTM) | $16.97 |
| 52-week stock price range | $49.94 – $110.65 |
TFI International Inc., together with its subsidiaries, provides transportation and logistics services in the United States, Canada, and Mexico. It operates through Less-Than-Truckload (LTL), Truckload (TL), and Logistics segments.
The Less-Than-Truckload segment is involved in the pickup, consolidation, transportation, and delivery of smaller loads.
| Closing stock price | C$140.06 |
|---|---|
| Market Capitalization | C$10.7 billion |
| Gross profit (TTM) | C$1.6 billion |
| Profit margin | 4.26% |
| Revenue (TTM) | C$8.4 billion |
| Earnings per share (TTM) | C$5.61 |
| 52-week stock price range | C$111.90 – C$232.19 |
Canadian National Railway Company, together with its subsidiaries, engages in the rail, intermodal, trucking, and related transportation businesses in Canada and the United States. The company provides rail services, which include equipment, customs brokerage, transloading and warehousing, business development, dimensional loads, and private railcar storage, less-than-truckload, and mexico services; intermodal services, such as temperature controlled multimodal, mobile transport trays, port partnerships, transloading and distribution, logistics parks, trucking, and supply chain services.
It also offers connecting to rail, short lines, maps and network services.
| Closing stock price | C$180.44 |
|---|---|
| Market Capitalization | C$105.1 billion |
| Gross profit (TTM) | C$9.9 billion |
| Profit margin | 26.92% |
| Revenue (TTM) | C$17.8 billion |
| Earnings per share (TTM) | C$7.79 |
| 52-week stock price range | C$125.06 – C$184.25 |
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Shipping stocks are shares of companies that either directly work in the shipping sector or operate within related industries. Investors interested in buying shipping stocks may be looking to take advantage of market trends or lock in investments for the long haul.
Unfortunately, it's almost impossible to choose a single "top" shipping stock to invest in due to factors like market fluctuations, company management and shifting economic trends. These can all change—sometimes overnight—how a stock performs. It's best to do your own research to decide which companies fit within your risk tolerance. Reviewing a company's financial reports and past stock performance can help you decide if it's worth investing in.
You can keep track of the latest freight news and updates by signing up for financial newsletters, visiting financial news sites, reading company investor relations pages and using market research platforms. Many online brokerages also offer sector reports, stock screeners and alerts to help you track movements in your stock performance or updates in or related to the freight industry.
Finder writers are subject matter experts and use primary sources, in-depth research and interviews with other experts to ensure you're getting accurate, up-to-date information. Articles are fact checked in line with our editorial guidelines.
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