Amid the holiday season, travel and goods delivery should reach their peaks. As such, we think it could be wise to scoop up the shares of quality transportation stocks J.B. Hunt (JBHT), Landstar (LSTR), and Ryder (R). Read on.This year’s holiday season is expected to contrast with last year’s debilitated transportation industry. According to AAA more than 109 million Americans are predicted to travel between December 23, 2021, and January 2, 2022. This is expected to drive transportation industry sales in the near term. And investors’ interest in the transportation space is evidenced by the SPDR S&P Transportation ETF’s (XTN) 5.5% gains over the past three months.
Furthermore, the growing freight demand is expected to boost the transportation industry’s growth. According to ReportLinker, the global public transportation market is poised to grow at a CAGR of almost 6% during 2021-2025.
Given this backdrop, we think it could be wise to bet on fundamentally strong transportation stocks J.B. Hunt Transport Services, Inc. (JBHT), Landstar System , Inc. (NASDAQ:LSTR), and Ryder System, Inc. (NYSE:R).