So far, 2014 has proven a slow year for most investors, with the S&P 500 barely breaking above even since the start of the year. But some industries — like trucking stocks — are having a great time.
Benzinga reported April 1 that BMO Capital Markets expects the trucking industry to move on down the road in 2014. Analyst Joel Tiss suggests “earnings appear set to continue improving on double-digit volume growth largely driven by pent-up demand.” Most importantly, Tiss points out, truck fleet utilization in North America is such that a shortage of 70,000 trucks exists.
Which companies will benefit most from the improving business climate? Here are three of the best trucking stocks to buy.