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Also, an increased focus on improving fuel efficiency and a growing interest in autonomous trucking should help freight companies grow further. The global freight trucking market is expected to grow at a 3% CAGR to $1.11 trillion by 2027.
Hence, we believe Ryder System, Inc. (NYSE:R), Daseke, Inc. (DSKE), P.A.M. Transportation Services, Inc. (NASDAQ:PTSI), and Covenant Logistics Group, Inc. (CVLG) are well-positioned to capitalize on the industry tailwinds. So, it could be wise to bet on these stocks now.
