5 Best Transportation Stocks To Buy Now

3. United Parcel Service, Inc. (NYSE: UPS)

UPS ranks 3rd on the list of 10 best transportation stocks to buy now. UPS operates cargo airline, freight-based trucking operation and drone delivery operations. In the third quarter, UPS posted better-than-expected results amid rising e-commerce operations and demand. The company posted a net income of $2.24 per share, compared to $2.01 per share in the same period last year. Revenue in the period totaled $21.24 billion, up from $18.32 billion in the same period in 2019.

Eashwar KrishnanDelta’s Tybourne Capital Management owns 1.22 million shares of UPS as of the end of the third quarter, worth $203.7 million. A total of 57 hedge funds held stakes in UPS as of the end of the third quarter.