Considering investing in trucking stocks? While the best trucking stocks depend on your portfolio and investment goals, we've identified some trucking stocks that are worth keeping an eye on in the domestic transportation sector. Keep reading to learn more about trucking stocks and how to start investing.
7 popular trucking stocks to watch
We round up a selection of stocks in or related to the domestic transportation industry, weighting the list more heavily towards popular mid- and large-cap stocks.
| Best stock | 1-year return | Market cap | Exchange | Volume | Buy on Qtrade |
|---|---|---|---|---|---|
| TFI International (TFII.US) | -18.41% | $9.1 billion (USD) | NYSE | 349,300 | |
| FedEx Corporation (FDX.US) | 21.66% | $73.7 billion (USD) | NYSE | 2,588,614 | |
| XPO Logistics (XPO.US) | (data unavailable) | $17.3 billion (USD) | NYSE | (data unavailable) | |
| JB Hunt Transport Services (JBHT.US) | (data unavailable) | $19.5 billion (USD) | NASDAQ | (data unavailable) | |
| Landstar System (LSTR.US) | (data unavailable) | $5.3 billion (USD) | NASDAQ | (data unavailable) | |
| Old Dominion Freight Line (ODFL.US) | -7.01% | $36.3 billion (USD) | NASDAQ | 1,492,500 | |
| Mullen Group (MTL.TO) | 14.10% | $1.4 billion (CAD) | Toronto Stock Exchange | 1,733,761 |
What to look for when investing in trucking stock
The domestic transportation industry is affected by a range of complex factors such as trade policies, regulations, and fluctuating supply and demand. So when considering trucking 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 trucking stock
- Research the domestic transportation industry. Before investing, learn about the trucking 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 trucking stock(s) to buy. Search by company name or ticker symbol, like TFII 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 trucking stocks
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Are trucking stocks a good investment?
While it's possible to turn a profit investing in trucking stocks, keep in mind that—like any investment—trucking stocks are not immune to risk. These stocks are subject to fluctuating conditions both in the market and in the domestic transportation industry, so carefully vet your picks before you invest.What are the best trucking stocks?
A lot of factors go into picking the best trucking stocks. Stock performance can be impacted by factors like market conditions, company decisions and global events. Plus, what may be a strong trucking stock investment for one person might not be suitable for another.
That said, we rounded up this list of popular trucking stocks in or related to the domestic transportation industry to help narrow down your options:
- TFI International (TFII)
- FedEx Corporation (FDX)
- XPO Logistics (XPO)
- JB Hunt Transport Services (JBHT)
- Landstar System (LSTR)
- Old Dominion Freight Line (ODFL)
- Mullen Group (MTL)
Keep in mind that this is not a "best" list or a recommendation. It highlights some trucking 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 trucking stock below. Keep reading to decide if any of these companies are the right investment for you.
TFI International (TFII)
TFI International Inc. , together with its subsidiaries, provides transportation and logistics services in the United States, Mexico, and Canada. It operates through Less-Than-Truckload (LTL), Truckload (TL), and Logistics segments.
| Closing stock price | $107.55 |
|---|---|
| Market Capitalization | $9.1 billion |
| Gross profit (TTM) | $1.6 billion |
| Profit margin | 4.06% |
| Revenue (TTM) | $8 billion |
| Earnings per share (TTM) | $3.89 |
| 52-week stock price range | $70.98 – $130.06 |
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 | $322.25 |
|---|---|
| Market Capitalization | $73.7 billion |
| Gross profit (TTM) | $24.9 billion |
| Profit margin | 4.81% |
| Revenue (TTM) | $90.1 billion |
| Earnings per share (TTM) | $18.06 |
| 52-week stock price range | $190.84 – $318.83 |
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.
| Market Capitalization | $17.3 billion |
|---|---|
| Gross profit (TTM) | $1.4 billion |
| Profit margin | 4.11% |
| Revenue (TTM) | $8.1 billion |
| Earnings per share (TTM) | $2.78 |
| 52-week stock price range | $85.06 – $155.95 |
JB Hunt Transport Services (JBHT)
J. B. Hunt Transport Services, Inc.
| Market Capitalization | $19.5 billion |
|---|---|
| Gross profit (TTM) | $2.3 billion |
| Profit margin | 4.99% |
| Revenue (TTM) | $12 billion |
| Earnings per share (TTM) | $6.11 |
| 52-week stock price range | $121.70 – $212.00 |
Landstar System (LSTR)
Landstar System, Inc. provides integrated transportation management solutions in the United States, Canada, Mexico, and internationally. It operates through two segments: Transportation Logistics and Insurance.
| Market Capitalization | $5.3 billion |
|---|---|
| Gross profit (TTM) | $939.1 million |
| Profit margin | 2.86% |
| Revenue (TTM) | $4.8 billion |
| Earnings per share (TTM) | $3.91 |
| 52-week stock price range | $117.36 – $175.12 |
Old Dominion Freight Line (ODFL)
Old Dominion Freight Line, Inc. operates as a less-than-truckload motor carrier in the United States and North America. The company offers regional, inter-regional, and national less-than-truckload services, as well as expedited transportation.
| Closing stock price | $172.59 |
|---|---|
| Market Capitalization | $36.3 billion |
| Gross profit (TTM) | $2.2 billion |
| Profit margin | 18.97% |
| Revenue (TTM) | $5.6 billion |
| Earnings per share (TTM) | $4.97 |
| 52-week stock price range | $125.76 – $208.11 |
Mullen Group (MTL)
Mullen Group Ltd. provides a range of trucking and logistics services in Canada and the United States. It operates through four segments: Less-Than-Truckload, Logistics & Warehousing, Specialized & Industrial Services, and U.
| Closing stock price | C$16.08 |
|---|---|
| Market Capitalization | C$1.4 billion |
| Gross profit (TTM) | C$631.8 million |
| Profit margin | 4.54% |
| Revenue (TTM) | C$2.1 billion |
| Earnings per share (TTM) | C$1.06 |
| 52-week stock price range | C$11.29 – C$16.95 |
Compare trading platforms to buy trucking 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 trucking stocks to your portfolio, make sure you thoroughly look into any companies before investing to help mitigate risk. We've compiled a list of trucking 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 domestic transportation industry to know when to buy, sell or hold.Frequently asked questions about trucking stocks
Sources
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