<p>许多投资者认为运输股票独特，因为其固有特性和在经济中的重要作用。无论是人还是货物，运输都是一项基本服务，需求往往具有弹性，即使在较软的市场中也是如此。</p>
<p>同样，这个行业对经济增长至关重要，这意味着其组成部分往往会随着经济增长而增长。随着美国经济在截至 6 月的三个月内实现了 2.8% 的 GDP 增长并超出预期，运输股票的前景仍然强劲。</p>
<p>事实上，鉴于过去一年运输股票落后于市场，运输股票今天可能提供许多买入机会。最大的纯运输 ETF——<strong>iShares 美国运输 ETF</strong>（BATS:<strong>IYT</strong>）表现不佳，与 <strong>标普 500 指数</strong> 相比保持相对平稳。</p>
<p>而标普 500 指数本身在此期间上涨约 20%。</p>
<p>随着经济蓬勃发展，但运输股票落后，很可能该领域许多公司被低估。本文介绍了三家因其特质和具有吸引力的估值而脱颖而出的顶级运输股票。</p>
<h2>Old Dominion Freight Line (ODFL)</h2>
<p><img src="https://imageproxy.pbkrs.com/https://investorplace.com/wp-content/plugins/lazy-load/images/1x1.trans.gif?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="1" height="1" original-src="https://imageproxy.pbkrs.com/https://investorplace.com/wp-content/plugins/lazy-load/images/1x1.trans.gif"/></p>
<p>来源：Andriy Blokhin / Shutterstock.com</p>
<p>让我们从 <strong>Old Dominion Freight Line</strong>（纳斯达克：<strong>ODFL</strong>）开始，这是一家专注于区域和全国货运的领先的零担运输公司。多年来，该公司以可靠性、效率和卓越的客户服务建立了声誉。</p>
<p>通过调整其业务模式，专注于提供高质量、具有成本效益的零担运输解决方案，同时将较小的货物整合到一辆卡车中，Old Dominion 成功优化了交付并降低了成本。</p>
<p>除了提高公司的运营效率外，这一策略还为客户提供了巨大价值，反过来导致了异常的增长。</p>
<p>具体来说，在过去十年中，Old Dominion 的营收以 9.6% 的复合年增长率增长。在同一时期，其每股收益以更令人印象深刻的 21.6% 的复合年增长率增长，反映了运营效率。</p>
<p>公司的业绩最近也表现强劲，其第二季度报告显示，营收增长了 6.1%，每股收益显著增长了 11.3%，达到 1.48 美元。</p>
<p>以今年预期每股收益的 36 倍计算，该股票看起来可能并不便宜，但考虑到其杰出的业绩记录和强劲的未来前景，市场对这个公司附加了溢价倍数是合理的。</p>
<h2>Union Pacific Railroad (UNP)</h2>
<p><img src="https://imageproxy.pbkrs.com/https://investorplace.com/wp-content/plugins/lazy-load/images/1x1.trans.gif?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="1" height="1" original-src="https://imageproxy.pbkrs.com/https://investorplace.com/wp-content/plugins/lazy-load/images/1x1.trans.gif"/></p>
<p>来源：Shutterstock</p>
<p>接下来，我们有 <strong>Union Pacific Railroad</strong>（纽约证券交易所：<strong>UNP</strong>），这是美国最大的货运铁路网络之一，在 23 个州的 32000 英里铁路上运营。该公司专门从事各种货物的运输，包括煤炭、工业产品和农产品。</p>
<p>其庞大的铁路网络在港口、生产中心和市场之间提供重要的连接，使其成为关键的基础设施。</p>
<p>Union Pacific 之所以有趣，是因为它受益于运营在寡头市场中，少数大型参与者主导市场，阻碍竞争并确保稳定的定价权。</p>
<p>这种市场结构使 Union Pacific 能够保持高运营效率和定价杠杆。显然，尽管公司的营收在过去十年左右保持稳定，但其每股收益在此期间以 8.3% 的复合年增长率增长。</p>
<p>华尔街预计今年每股收益为 11.15 美元，这意味着同比增长 8.5%，根据股票当前价格，市盈率为 22 倍。虽然这个倍数看起来有点高，但实际上提供了一个机会，因为共识预测显示中期将加速至两位数增长。</p>
<p>此外，Union Pacific 的护城河本身当然也值得一定的溢价。因此，我不会太在意目前的股价估值。</p>
<h2>康捷国际物流（EXPD）</h2>
<p><img src="https://imageproxy.pbkrs.com/https://investorplace.com/wp-content/plugins/lazy-load/images/1x1.trans.gif?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="1" height="1" original-src="https://imageproxy.pbkrs.com/https://investorplace.com/wp-content/plugins/lazy-load/images/1x1.trans.gif"/></p>
<p>来源：shutterstock.com/By yuttana Contributor Studio</p>
<p>在我列出的运输股票名单中，最后一家是 <strong>康捷国际物流</strong>（纽约证券交易所：<strong>EXPD</strong>），这是全球物流和货运行业的领先参与者，以提供全面的供应链解决方案而闻名。</p>
<p>该公司通过专注于空运和海运货运、报关和配送管理，开辟了一个重要的市场。</p>
<p>总体而言，它在组织国际贸易的复杂物流方面表现出色，确保货物顺利从起点运送到目的地。</p>
<p>康捷国际的一个关键竞争优势是其广泛的全球网络，覆盖全球主要贸易路线和市场。这使得公司能够为各行业的需求量身定制高效的端到端物流解决方案，这推动了多年来的出色增长。</p>
<p>具体来说，过去十年中，公司的每股收益以 11.6% 的复合年增长率增长，当前的行业动态表明未来将保持强劲的势头。</p>
<p>康捷国际的另一个显著特点是其令人印象深刻的股息增长历史。尽管该行业的性质相对周期性，但康捷国际稳健的现金流和持续增长使该公司连续 29 年每年增加股息。</p>
<p>因此，该公司是被称为股息贵族的 68 只股票精英组合的成员。</p>
<p><em>在发布日期，Nikolaos Sismanis 没有持有（直接或间接）本文提到的证券的任何头寸。本文中表达的观点属于作者本人，受 InvestorPlace.com 发布指南的约束。</em></p>
<p><em>在发布日期，负责编辑在本文提及的证券中没有任何持仓（直接或间接）</em></p>
<p>Nikolaos Sismanis 是一位拥有五年股票研究和财务建模经验的专业研究分析师。Nikolaos 已撰写超过 1,000 篇与股票相关的文章，重点关注发掘深度价值机会，识别合理估值的成长股，以及关注被忽视的国际股票。</p>

康捷国际物流

<p>运输股虽然落后于市场，但提供了购买机会。考虑三家顶级运输股票：Old Dominion Freight Line (ODFL)，Union Pacific Railroad (UNP) 和康捷国际物流 (EXPD)。ODFL 在营收和每股收益上表现出色增长。UNP 受益于运营在寡头产业中，具有稳定的定价能力。EXPD 专注于全球物流和货运代理，享有良好声誉。这些股票未来前景看好，可能被低估了</p>

<p>Many investors find transportation stocks unique due to their inherent qualities and vital role in the economy. Whether it’s people or goods, transportation is a fundamental service with demand that tends to be resilient, even in softer markets.</p>
<div class="lb-trans"><p>许多投资者认为运输股票独特，因为其固有特性和在经济中的重要作用。无论是人还是货物，运输都是一项基本服务，需求往往具有弹性，即使在较软的市场中也是如此。</p>
</div><p>Likewise, this industry is essential for economic growth, which means that its constituents tend to grow in line with the economy. With the U.S. economy posting GDP growth of 2.8% in the three months to June and beating expectations, the outlook on transportation stocks remains robust.</p>
<div class="lb-trans"><p>同样，这个行业对经济增长至关重要，这意味着其组成部分往往会随着经济增长而增长。随着美国经济在截至 6 月的三个月内实现了 2.8% 的 GDP 增长并超出预期，运输股票的前景仍然强劲。</p>
</div><p>In fact, transportation stocks could offer many buying opportunities today, given that they have lagged behind the market over the past year. The <strong>iShares U.S. Transportation ETF</strong> (BATS:<strong>IYT</strong>), the largest pure-play transportation ETF, has underperformed, remaining relatively flat compared to the <strong>S&amp;P 500</strong>.</p>
<div class="lb-trans"><p>事实上，鉴于过去一年运输股票落后于市场，运输股票今天可能提供许多买入机会。最大的纯运输 ETF——<strong>iShares 美国运输 ETF</strong>（BATS:<strong>IYT</strong>）表现不佳，与 <strong>标普 500 指数</strong> 相比保持相对平稳。</p>
</div><p>The S&amp;P 500 itself has surged by about 20% during this period.</p>
<div class="lb-trans"><p>而标普 500 指数本身在此期间上涨约 20%。</p>
</div><p>With the economy thriving yet transportation stocks lagging behind, it’s likely that many names in the space are undervalued. In this article are three top transportation stocks that stand out for their qualities and compelling valuations.</p>
<div class="lb-trans"><p>随着经济蓬勃发展，但运输股票落后，很可能该领域许多公司被低估。本文介绍了三家因其特质和具有吸引力的估值而脱颖而出的顶级运输股票。</p>
</div><h2>Old Dominion Freight Line (ODFL)</h2>
<div class="lb-trans"><h2>Old Dominion Freight Line (ODFL)</h2>
</div><p><img src="https://imageproxy.pbkrs.com/https://investorplace.com/wp-content/plugins/lazy-load/images/1x1.trans.gif" alt="" original-src="https://investorplace.com/wp-content/plugins/lazy-load/images/1x1.trans.gif"/></p>
<p>Source: Andriy Blokhin / Shutterstock.com</p>
<div class="lb-trans"><p>来源：Andriy Blokhin / Shutterstock.com</p>
</div><p>Let’s start with <strong>Old Dominion Freight Line</strong> (NASDAQ:<strong>ODFL</strong>), which is a leading less-than-truckload carrier that focuses on regional and national freight transportation. Over the years, the company has built a reputation for reliability, efficiency and superior customer service.</p>
<div class="lb-trans"><p>让我们从 <strong>Old Dominion Freight Line</strong>（纳斯达克：<strong>ODFL</strong>）开始，这是一家专注于区域和全国货运的领先的零担运输公司。多年来，该公司以可靠性、效率和卓越的客户服务建立了声誉。</p>
</div><p>By adjusting its business model to specialize in providing high-quality, cost-effective LTL shipping solutions, while consolidating smaller shipments into a single truckload, Old Dominion has managed to optimize deliveries and reduce costs.</p>
<div class="lb-trans"><p>通过调整其业务模式，专注于提供高质量、具有成本效益的零担运输解决方案，同时将较小的货物整合到一辆卡车中，Old Dominion 成功优化了交付并降低了成本。</p>
</div><p>This strategy, besides improving the company’s operational efficiency, also offers significant value to clients, which has, in turn, led to exceptional growth.</p>
<div class="lb-trans"><p>除了提高公司的运营效率外，这一策略还为客户提供了巨大价值，反过来导致了异常的增长。</p>
</div><p>Specifically, over the past decade, Old Dominion’s revenues have grown at a compound annual growth rate (CAGR) of 9.6%. Its earnings-per-share has grown at an even more impressive CAGR of 21.6% over the same period, reflecting operating efficiencies.</p>
<div class="lb-trans"><p>具体来说，在过去十年中，Old Dominion 的营收以 9.6% 的复合年增长率增长。在同一时期，其每股收益以更令人印象深刻的 21.6% 的复合年增长率增长，反映了运营效率。</p>
</div><p>The company’s performance has also been strong recently, with its Q2 report showing a 6.1% increase in revenues and a notable 11.3% increase in EPS to $1.48.</p>
<div class="lb-trans"><p>公司的业绩最近也表现强劲，其第二季度报告显示，营收增长了 6.1%，每股收益显著增长了 11.3%，达到 1.48 美元。</p>
</div><p>At 36x this year’s expected EPS, the stock might not seem cheap, but when you consider its outstanding track record and strong future prospects, it’s reasonable that the market has attached a premium multiple to this name.</p>
<div class="lb-trans"><p>以今年预期每股收益的 36 倍计算，该股票看起来可能并不便宜，但考虑到其杰出的业绩记录和强劲的未来前景，市场对这个公司附加了溢价倍数是合理的。</p>
</div><h2>Union Pacific Railroad (UNP)</h2>
<div class="lb-trans"><h2>Union Pacific Railroad (UNP)</h2>
</div><p><img src="https://imageproxy.pbkrs.com/https://investorplace.com/wp-content/plugins/lazy-load/images/1x1.trans.gif" alt="" original-src="https://investorplace.com/wp-content/plugins/lazy-load/images/1x1.trans.gif"/></p>
<p>Source: Shutterstock</p>
<div class="lb-trans"><p>来源：Shutterstock</p>
</div><p>Next up, we have <strong>Union Pacific Railroad</strong> (NYSE:<strong>UNP</strong>), one of the largest freight rail networks in the U.S., operating over 32,000 miles of track across 23 states. The company specializes in transporting a diverse range of goods, including coal, industrial products and agricultural commodities.</p>
<div class="lb-trans"><p>接下来，我们有 <strong>Union Pacific Railroad</strong>（纽约证券交易所：<strong>UNP</strong>），这是美国最大的货运铁路网络之一，在 23 个州的 32000 英里铁路上运营。该公司专门从事各种货物的运输，包括煤炭、工业产品和农产品。</p>
</div><p>Its vast rail network provides vital connectivity between ports, production hubs and markets, making it a critical infrastructure.</p>
<div class="lb-trans"><p>其庞大的铁路网络在港口、生产中心和市场之间提供重要的连接，使其成为关键的基础设施。</p>
</div><p>What’s interesting about Union Pacific is that it benefits from operating in an oligopolistic industry, where a few large players dominate the market, barricading competition and allowing for stable pricing power.</p>
<div class="lb-trans"><p>Union Pacific 之所以有趣，是因为它受益于运营在寡头市场中，少数大型参与者主导市场，阻碍竞争并确保稳定的定价权。</p>
</div><p>This market structure enables Union Pacific to maintain high operational efficiency and pricing leverage. Evidently, while the company’s revenues have been more or less stable over the past decade, its EPS has grown at a CAGR of 8.3% over this period.</p>
<div class="lb-trans"><p>这种市场结构使 Union Pacific 能够保持高运营效率和定价杠杆。显然，尽管公司的营收在过去十年左右保持稳定，但其每股收益在此期间以 8.3% 的复合年增长率增长。</p>
</div><p>Wall Street expects EPS of $11.15 this year, implying a year-over-year growth of 8.5% and a P/E of 22x based on the stock’s current price. While this multiple may seem somewhat rich, it actually presents an opportunity, given that consensus estimates point to an acceleration to the double-digits over the medium term.</p>
<div class="lb-trans"><p>华尔街预计今年每股收益为 11.15 美元，这意味着同比增长 8.5%，根据股票当前价格，市盈率为 22 倍。虽然这个倍数看起来有点高，但实际上提供了一个机会，因为共识预测显示中期将加速至两位数增长。</p>
</div><p>Also, Union Pacific’s moat certainly deserves a premium itself. Hence, I wouldn’t mind the stock’s current valuation too much.</p>
<div class="lb-trans"><p>此外，Union Pacific 的护城河本身当然也值得一定的溢价。因此，我不会太在意目前的股价估值。</p>
</div><h2>Expeditors International of Washington (EXPD)</h2>
<div class="lb-trans"><h2>康捷国际物流（EXPD）</h2>
</div><p><img src="https://imageproxy.pbkrs.com/https://investorplace.com/wp-content/plugins/lazy-load/images/1x1.trans.gif" alt="" original-src="https://investorplace.com/wp-content/plugins/lazy-load/images/1x1.trans.gif"/></p>
<p>Source: shutterstock.com/By yuttana Contributor Studio</p>
<div class="lb-trans"><p>来源：shutterstock.com/By yuttana Contributor Studio</p>
</div><p>Last on my list of transportation stocks is <strong>Expeditors International of Washington</strong> (NYSE:<strong>EXPD</strong>), a leading player in the global logistics and freight forwarding industry with a robust reputation for delivering comprehensive supply chain solutions.</p>
<div class="lb-trans"><p>在我列出的运输股票名单中，最后一家是 <strong>康捷国际物流</strong>（纽约证券交易所：<strong>EXPD</strong>），这是全球物流和货运行业的领先参与者，以提供全面的供应链解决方案而闻名。</p>
</div><p>The company has carved out a significant niche by specializing in air and ocean freight forwarding, customs brokerage and distribution management.</p>
<div class="lb-trans"><p>该公司通过专注于空运和海运货运、报关和配送管理，开辟了一个重要的市场。</p>
</div><p>Overall, it excels in orchestrating the complex logistics of international trade, ensuring goods move smoothly from origin to destination.</p>
<div class="lb-trans"><p>总体而言，它在组织国际贸易的复杂物流方面表现出色，确保货物顺利从起点运送到目的地。</p>
</div><p>One of Expeditors’ key competitive advantages is its extensive global network, which spans major trade routes and markets worldwide. It enables the company to offer efficient, end-to-end logistics solutions tailored to the needs of diverse industries, which has powered excellent growth over the years.</p>
<div class="lb-trans"><p>康捷国际的一个关键竞争优势是其广泛的全球网络，覆盖全球主要贸易路线和市场。这使得公司能够为各行业的需求量身定制高效的端到端物流解决方案，这推动了多年来的出色增长。</p>
</div><p>Specifically, the company’s EPS has grown at a CAGR of 11.6% over the past decade, with current industry dynamics pointing to strong momentum moving forward.</p>
<div class="lb-trans"><p>具体来说，过去十年中，公司的每股收益以 11.6% 的复合年增长率增长，当前的行业动态表明未来将保持强劲的势头。</p>
</div><p>Another notable aspect of Expeditors is its impressive dividend growth history. Despite the industry’s rather cyclical nature, Expeditors’ solid cash flows and consistent growth have allowed the company to grow its dividend every year over the past 29 years.</p>
<div class="lb-trans"><p>康捷国际的另一个显著特点是其令人印象深刻的股息增长历史。尽管该行业的性质相对周期性，但康捷国际稳健的现金流和持续增长使该公司连续 29 年每年增加股息。</p>
</div><p>Consequently, the company is a member of the elite group of 68 stocks known as Dividend Aristocrats.</p>
<div class="lb-trans"><p>因此，该公司是被称为股息贵族的 68 只股票精英组合的成员。</p>
</div><p><em>On the date of publication, Nikolaos Sismanis did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.</em></p>
<div class="lb-trans"><p><em>在发布日期，Nikolaos Sismanis 没有持有（直接或间接）本文提到的证券的任何头寸。本文中表达的观点属于作者本人，受 InvestorPlace.com 发布指南的约束。</em></p>
</div><p><em>On the date of publication, the responsible editor did not have (either directly or indirectly) any positions in the securities mentioned in this article.</em></p>
<div class="lb-trans"><p><em>在发布日期，负责编辑在本文提及的证券中没有任何持仓（直接或间接）</em></p>
</div><p>Nikolaos Sismanis is a professional research analyst with five years of experience in the field of equity research and financial modeling. Nikolaos has authored over 1,000 stock-related articles that focus on uncovering deep value opportunities, identifying growth stocks at reasonable valuations, and shining a spotlight on overlooked international equities.</p>
<div class="lb-trans"><p>Nikolaos Sismanis 是一位拥有五年股票研究和财务建模经验的专业研究分析师。Nikolaos 已撰写超过 1,000 篇与股票相关的文章，重点关注发掘深度价值机会，识别合理估值的成长股，以及关注被忽视的国际股票。</p>
</div>

2024 年夏季值得购买的三大交通运输股票