Shares of shipping and transportation stocks were on fire this week as positive earnings reports started coming out and there continued to be high demand for both shipping and trucking services. If the current economic trends continue, this could be a hot sector of the market well into 2022.
Full Truck Alliance (NYSE: YMM) led the charge by jumping 16.3% this week; Knight-Swift Transportation (NYSE: KNX) was up 13.8%; ZIM Integrated Shipping (NYSE: ZIM) rose 12.9%; and Navios Maritime Partners (NYSE: NMM) gained 7.8%, according to data from S&P Global Market Intelligence .
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Why Shipping and Transportation Stocks Were Up Big This Week