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9 top air freight stocks to buy in 2024

Ready to invest in the shipping industry? Learn how to invest in air freight stocks in just a few steps.

The best air freight 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.

The top shipping stocks included on this page all trade on the S&P 500, have an analyst recommendation of "Buy" or better and are sorted by year-to-date performance.

  1. United Parcel Service (UPS)
  2. FedEx Corporation (FDX)
  3. Atlas Air Worldwide (AAWW)
  4. Air Transport Services Group (ATSG)
  5. Radiant Logistics (RLGT)
  6. Forward Air Corporation (FWRD)
  7. Expeditors International of Washington (EXPD)
  8. CH Robinson Worldwide (CHRW)
  9. Air T (AIRT)

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How to invest in air freight stocks

  1. 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 of 2024.
  2. Sign up for an account. Provide your personal information and sign up.
  3. Set up a funding method to pay for the transaction. Deposit funds into your account by linking your banking information.
  4. Choose the stocks you want to buy. Search for the stock by name or ticker symbol like UPS or FDX.
  5. Place your order. Buy the stock. It's that simple.

Take a deeper dive into air freight stocks

If you're interested in investing in the shipping industry, take a closer look at what companies in this industry do and how the stocks have historically performed. Keep in mind that positive past performance doesn't guarantee that a stock will continue to rise in the future.

1. 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. S.

United Parcel Service stock opened the day at $130.14 after a previous close of $145.18. The latest price was $127.68 (25-minute delay). United Parcel Service is listed on the NYSE, has a trailing 12-month revenue of around USD89.7 billion and employs 500,000 staff.

  • Market capitalization: $123,850,711,040
  • P/E ratio: 20.9493
  • PEG ratio: 1.7887

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2. 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 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.

FedEx Corporation stock opened the day at $299.00 after a previous close of $307.43. The latest price was $300.80 (25-minute delay). FedEx Corporation is listed on the NYSE, has a trailing 12-month revenue of around USD$87.7 billion and employs 306,000 staff.

  • Market capitalization: $74,768,621,568
  • P/E ratio: 17.7936
  • PEG ratio: 0.9556

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3. Atlas Air Worldwide (AAWW)

Atlas Air Worldwide Holdings, Inc. , through its subsidiaries, provides outsourced aircraft and aviation operating services. It operates through two segments, Airline Operations and Dry Leasing.

Atlas Air Worldwide is listed on the NASDAQ, has a trailing 12-month revenue of around USD$4.5 billion and employs 4,500 staff.

  • Market capitalization: $2,934,330,368
  • P/E ratio: 9.7322
  • PEG ratio: 1.1

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4. Air Transport Services Group (ATSG)

Air Transport Services Group, Inc. , together with its subsidiaries, provides aircraft leasing, and air cargo transportation and related services in the United States and internationally. It operates in two segments, Cargo Aircraft Management Inc.

Air Transport Services Group stock opened the day at $15.45 after a previous close of $15.60. The latest price was $15.76 (25-minute delay). Air Transport Services Group is listed on the NASDAQ, has a trailing 12-month revenue of around USD$2.1 billion and employs 5,095 staff.

  • Market capitalization: $1,016,744,128
  • P/E ratio: 22.1
  • PEG ratio: 56.16

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5. 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.

Radiant Logistics stock opened the day at $5.91 after a previous close of $5.93. The latest price was $6.00 (25-minute delay). Radiant Logistics is listed on the NYSE MKT, has a trailing 12-month revenue of around USD$828.7 million and employs 872 staff.

  • Market capitalization: $273,552,224
  • P/E ratio: 44.7692
  • PEG ratio: 0.78

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6. Forward Air Corporation (FWRD)

Forward Air Corporation, together with its subsidiaries, operates as an asset-light freight and logistics company in the United States and Canada. It operates in two segments, Expedited Freight and Intermodal. The Expedited Freight segment provides expedited regional, inter-regional, and national less-than-truckload services; local pick-up and delivery services; and other services, which include shipment consolidation and deconsolidation, warehousing, customs brokerage, and other handling.

Forward Air Corporation stock opened the day at $24.93 after a previous close of $25.05. The latest price was $25.15 (25-minute delay). Forward Air Corporation is listed on the NASDAQ, has a trailing 12-month revenue of around USD$1.6 billion and employs 4,014 staff.

  • Market capitalization: $667,833,984
  • PEG ratio: 2.01

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7. 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.

Expeditors International of Washington stock opened the day at $122.33 after a previous close of $122.97. The latest price was $123.87 (25-minute delay). Expeditors International of Washington is listed on the NASDAQ, has a trailing 12-month revenue of around USD$8.9 billion and employs 18,403 staff.

  • Market capitalization: $16,978,490,368
  • P/E ratio: 25.3587
  • PEG ratio: 1.57

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8. CH Robinson Worldwide (CHRW)

C. H. Robinson Worldwide, Inc. , together with its subsidiaries, provides freight transportation services, and related logistics and supply chain services in the United States and internationally.

CH Robinson Worldwide stock opened the day at $89.04 after a previous close of $90.19. The latest price was $90.63 (25-minute delay). CH Robinson Worldwide is listed on the NASDAQ, has a trailing 12-month revenue of around USD$17.4 billion and employs 14,990 staff.

  • Market capitalization: $10,405,061,632
  • P/E ratio: 34.9843
  • PEG ratio: 1.5454

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9. Air T (AIRT)

Air T, Inc. , through its subsidiaries, provides overnight air cargo, ground equipment sale, and commercial jet engines and parts in the United States and internationally. The company's Overnight Air Cargo segment offers air express delivery services.

Air T stock opened the day at $26.33 after a previous close of $26.45. The latest price was $24.77 (25-minute delay). Air T is listed on the NASDAQ, has a trailing 12-month revenue of around USD$286.8 million and employs 624 staff.

  • Market capitalization: $81,614,680
  • PEG ratio: 0

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Bottom line

While it’s possible to turn a profit investing in air freight stocks, keep in mind that — like any investment — air freight stocks are not immune to risk. These stocks are subject to fluctuating conditions — both in the market and in the shipping 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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