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Why Shipping and Transportation Stocks Were Up Big This Week

·3 min read
Why Shipping and Transportation Stocks Were Up Big This Week
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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. 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.