Sabtu, 01 Januari 2022

Buy these stocks if you expect the economy to keep on trucking

MarketBeat - Empowering Individual Investors to Make Better Trading Decisions
Hi There,

What started as sporadic shortages are becoming widespread as the supply chain disruption gets worse.
By now, you’ve seen the photos of barges of goods waiting to be unloaded. However, simply getting the
goods unloaded is only the first step.

There are many steps in our nation’s supply chains. And trucking companies play a key role.
According to the American Trucking Association (ATA), approximately 70% of consumer goods in the
The United States are transported by trucks.

But there’s a problem. Like every industry, trucking companies are having trouble finding qualified
drivers. The typical driver is 55 years old or older. And many drivers have been retiring sooner than
expected. The government requires drivers to be at least 21 years old before they can get an Interstate
Commercial Drivers License.

And the Covid-19 pandemic caused training programs to be canceled so the pipeline of future drivers is
dry.

How extreme is that shortage? The ATA estimates that the shortage of qualified truck drivers sits at over
50,000 and continues to grow. But that only captures the deficit between the pre-and post-pandemic
numbers. The ATA believes that the nation may need up to 900,000 additional drivers to meet growing
demand.

If you’re an investor those statistics should be like a cash register ringing in your brain.
Trucking stocks have been among the best performers in 2021. That’s likely to continue well into 2022.
And here’s something else to keep in mind. Even with labor costs likely to increase as trucking
companies hire more drivers, those costs should be easy to pass through the supply chain as many
companies will be willing to pay whatever it takes to get goods on their shelves.
And that’s why we’ve prepared this special presentation which identifies seven trucking stocks that are
excellent opportunities at this time. These are solid, established companies that have a history of
growing revenue and earnings.

View the stocks now.

Matt Paulson
Marketbeat.com

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