The five dividend-paying trucking stocks to buy offer an alternative to the high-flying technology and Bitcoin-related investments that had been soaring in recent months until a recent pullback. Tight capacity, rising demand for transportation and improving macroeconomic conditions will fuel trucking stocks, according to BoA Global Research.
Rising demand for trucking services that exceeded expectations largely led BoA Global Research to put buy recommendations on five of the top seven trucking stocks to buy. One of them is Carlson’s favorite: Knight-Swift Transportation (KNX). Three other dividend-paying trucking stocks to buy feature truckload and intermodal companies Werner Enterprises (NASDAQ:WERN), J.B. Hunt Transport Services (NASDAQ:JBHT) and Schneider National (NYSE:SNDR), which BoA Global Research elevated from buy to neutral. “In terms of pure freight carriers, we were lucky enough to get Old Dominion Freight Line Inc. (NASDAQ:ODFL) on our screen under $70 several years ago,” said Hilary Kramer, a money manager.
Source: DividendInvestor
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