3 Top Freight and Logistics Stocks to Buy Now

It's time to load up on freight and logistics stocks as they quietly rev up a future growth engine: e-commerce. As part of the transportation sector, freight and logistics companies facilitate trade and commerce, both offline and online, by moving goods across boundaries by linking their expansive supply networks with their fleet -- be it air, maritime, freight rail, or truck -- and pressing them into services. The economy would come to a standstill if goods weren't moved, which is why it's only prudent that you own some stocks in an industry as vital as freight and logistics.

Now is a great time to invest, what with e-commerce giants like Amazon.com (NASDAQ: AMZN) growing at a torrid pace, even encouraging leading freight and logistics players FedEx (NYSE: FDX), United Parcel Service (NYSE: UPS), and XPO Logistics (NYSE: XPO) to raise freight tariff and expand their fleet to meet surging demand.

Critics fear that Amazon's venture into the logistics business could disrupt the industry, but none of the larger freight and logistics players currently depend heavily on any e-commerce company for sales. Air Transport Services Group is a notable exception as it got nearly 42% of its revenue from Amazon during the nine months ended Sept. 30, 2017, thanks to its aircraft lease agreement with the e-commerce behemoth.

Source: Fool.com