This post was originally published on this site
https://i-invdn-com.investing.com/news/LYNXNPEC180BO_M.jpg
Rapid technological advancements, growing urbanization, and e-commerce expansion are anticipated to be the transportation industry’s major growth drivers. Consequently, the global transportation market is expected to hit $7.8 trillion by 2027, representing a 3.4% CAGR.
Therefore, we think the recent share-price price dips in fundamentally sound transportation companies United Parcel Service Inc. (NYSE:UPS), Union Pacific Corporation (NYSE:UNP), and J.B Hunt Transportation Services Inc. (JBHT) provide good entry opportunities.
